One of many main banks in Mauritania, Banque Populaire de Mauritanie (BPM), has launched a state-of-the-art cellular banking service referred to as Bankily earlier this 12 months. The service has acquired a constructive response from shoppers. With banking penetration round 30%, Bankily helps to modernise banking and funds in Mauritania and inspiring monetary inclusion within the nation. It, in essence, is bringing a digital revolution within the banking trade of Mauritania by enabling individuals to open and handle bank account, switch cash and make funds utilizing cellphones.
Bankily is an inclusive service. Bankily customers can’t solely switch cash to different Bankily customers, BPM bank accounts and different bank accounts in Mauritania, however they’ll additionally ship cash to non-Bankily unbanked shoppers utilizing the recipient’s cellular quantity. Bankily gives various methods to make cash switch – utilizing recipient’s cellular quantity, or choosing recipient from Fb contact record, or through contactless funds utilizing NFC and QR Code. The recipients obtain a notification or message with a transaction code. Non-Bankily customers can withdraw the cash switch in cash utilizing the transaction code at Bankily brokers, BPM bank branches or BPM ATMs.
Bankily has been designed with full deal with prospects. For instance, after first electrical energy and water invoice cost, customers are routinely notified about their subsequent bill. In case of monetary emergency, customers can request cash from their household and mates and immediately obtain cash as soon as accepted by the sender. To allow wider service entry, BPM has created intensive Bankily agent community geared toward facilitating final mile transactions resembling deposits and withdrawals. Furthermore, to spice up digital funds at retailers through Bankily, BPM has registered a number of retailers from various classes resembling supermarkets, grocery shops, pharmacies, gas stations, journey businesses, hospitals, colleges and eating places. Funds at retailers might be made by scanning the QR Code or coming into the service provider code within the cell phone.
Mohamed M’Rabih Rabou, Chief, Digital Banking Providers at Banque Populaire de Mauritanie, mentioned, “Via Bankily, BPM goals to increase monetary inclusion and banking penetration in Mauritania. The product goals to make the opening of a bank account accessible to all Mauritanian residents no matter their geographic location and buying energy. This cellular banking service, absolutely helps the measures undertaken by the Central Bank of Mauritania to modernisation and digitize the technique of funds within the nation. We’re joyful to companion with Comviva for providing Bankily service and meet the monetary aspirations of our prospects.”
Srinivas Nidugondi, Govt Vice President and Chief Working Officer, Cellular Monetary Options, Comviva mentioned, “Digital technology is transforming the banking industry and Comviva is enabling this transformation for banks and financial institutions globally. In Mauritania, we are carrying forward this digital revolution with BPM through the Bankily service, delivering quick, convenient and secure digital banking and payment services to Mauritanians.”
BPM gives people, professionals and companies an modern vary of banking services and products starting from deposits to loans. It has constructed a dense community of branches overlaying a lot of the main cities within the nation. The BPM goals to satisfy the wants and expectations of its prospects by providing modern and high quality banking services and products.
Comviva’s mobiquity® Banking suite, trademarked in India solely, is a complete digital banking and funds answer for banks and monetary establishments, to construct, handle, optimise and ship the omni-channel banking expertise, in addition to constantly iterate and have interaction the shoppers, by immediate configuration functionality, personalisation and experimentation engine. This empowers banks to ship a hyper-personalised expertise, thereby enhancing the shopper’s value, and, subsequently, profitably transition to the digital age. Furthermore, the product additionally delivers seamless, swift and safe digital funds to the purchasers, by facilitating pay as you go pockets and leveraging applied sciences resembling HCE, tokenisation and QR Code.