Your wallet’s just gone mobile!
Cash and Transact™ is the first stand-alone mobile wallet solution. Cash and Transact™ allows consumers to apply cash to their virtual mobile account without requiring an existing bank account or credit card collateral. Account holders can load value to their Cash and Transact™ account and then transfer cash or pay for goods and services with anyone, anytime, from anywhere. The Cash and Transact™ vision is to create a borderless community connected by transactions via the Cash and Transact™ mobile wallet.
Cash and Transact™ is an ideal cash alternative for just about anyone, but especially for unbanked subscribers. There are no credit checks, and the system is much safer than carrying cash in many parts of the world. Cash and Transact™ is as convenient as cash – users can pay bills, buy groceries, transfer money to family and friends in remote locations and much more – all from their mobile handset. And even if the handset is stolen or lost, the user’s cash is protected with a security PIN that can be changed anytime. Fees are attractive as well, with lower associated costs for making payments and sending money transfer remittances than other prepaid solutions.
The Cash and Transact™ system is scalable to be able to support initial to very large installations, amounts and volumes. The Cash and Transact™ system is flexible enough to be tied into the Emida Merchant Management System and support Follow Me Residuals™ or (FMR™). CAT™ Menus are easy to use and available in a variety of interfaces including USSD, J2ME, SMS and STK. Cash and Transact™ has been market-tested since 2005, with original market studies conducted in the U.S. and Mexico, including cross border money transfers. In 2008, Emida developed an expanded suite of mobile user interfaces for Cash and Transact™ and enhanced the product with additional features. The Cash and Transact™ solution is robust enough to handle 25 million users performing money transactions from their mobile handsets, and is currently being launched in several markets in Africa, the Caribbean and Latin America.
Contact us today to learn more about Cash and Transact™ and how you can add the Cash and Transact™ solution to your portfolio of prepaid solutions.