MoniRemit is a comprehensive financial inclusion driven money remittance platform for local and international clients’ base through direct, internal, and peer-to-peer MoniRemit money transfer channels using sender-to-receiver electronic wallet network powered by the underlying MoniRemit mobile remittance core system.
MoniRemit was born out of the need to develop a
convenient, secure, and affordable payment
platform using advanced technology to bring
solutions to financial inclusion problems by providing people who are not served by financial
institutions a mean to start using financial services.
This without needing any traditional bank branches access and thus capable of servicing “everybody” regardless of their financial status! By combining our expert knowledge in vast IT domains and our experience in learning and excelling atinnovation & new technologies, we were able to devise a realistic business model and plan that will utilize the convergence of international banking and mobile telecommunications technologies.
In order to successfully overcome known barriers to adoption of mobile payment, the Mobicash platform has been design around three guiding principles: