Telepin Software: Revolutionizing Mobile Banking with Robust Systems

Vincent Kadar, President, Telepin SoftwareVincent Kadar, President
Today, by providing easy access to services like bill payments, money transfers, and many other financial offerings, customers are slowly adopting mobile-based banking by initiating commerce on mobile devices. “However, the limited availability of infrastructure resources complicates the task of banking companies, when handling transactions in large volumes,” says Vincent Kadar, President, Telepin Software. To counter this, companies with ample infrastructures are partnering with local banks to provide mobile banking services. Telepin Software, a company from Ottawa, Ontario, Canada, has been helping to make such partnerships cost-effective and long-lasting through their mobile transaction platform. “We take great care to ensure our clients have access to secure and convenient channels to initiate mobile transfers without compromising on security or connectivity,” says Kadar.

Telepin Software is one company that aims to give mobile-banking customers the freedom to carry out transactions using digitized currency. “Our platform provides banking on mobile phones through digital currency,” says Kadar. By helping clients adopt mobile-based transaction platforms, Telepin Software has been able to increase the client ROI to a large extent and provide reach into markets that are typically not served.

When implementing the platform, Telepin Software clients are partnered with a regional bank operating in an area. “This collaboration between the client and the bank helps expand the collective reach of both the entities,” states Kadar. The symbiotic relationship also addresses issues of financial inclusion and acceptability by making the banking services available on a widely distributed device like a mobile phone.

Telepin’s platform and digitized currency makes it easier for clients to handle large volumes of transactions. “The digitized currency is a boon to companies as they can easily keep track of every transaction,” says Kadar. In addition, the platform’s scalable nature and ability to serve under the harshest demands has helped galvanize the firm’s repute in banking circles worldwide.

Our platform provides banking on mobile phones through digital currency

The Telepin platform acts as a singleunified platform capable of managing a plethora of functions involving financial transactions such as B2B payments, B2C/G2C disbursements, microfinance, e-Wallets, P2P money transfers, and bill payments. Apart from this, the platform can also handle agent-distribution networks for eTopUp services, voucher redemptions, loyalty programs, and other services. Merchant payments carried out on the platform support QR codes, NFC (Near Field Communication), and virtual cards in both online and in-person transactions. With an availability of 99.999 percent and the provision of APIs to build customized solutions for their individual needs, Telepin has raised the pre-existing industry standards for mobile banking infrastructure.

“Emerging as a leader in a competitive market does not happen overnight,” asserts Kadar. To stay ahead in the mobile-banking market, Telepin Software keeps a close watch on the banking landscape, recognizing emerging trends. For instance, in Singapore, Telepin Software partnered with Singtel, a telecom company, to establish their mobile banking services company, SingCash. Through this, Singtel has been able to offer its customers, money transfer services without hefty service charges through its mobile-wallet services. Developed on Telepin’s mobile banking platform, the e-wallet helped Singtel launch and run this service in a cost-effective manner.

In addition, two additional services were created and launched with Singtel, mCash; an NFC based mobile payment system using digital currency, and DASH, a joint venture application with Standard Chartered Bank and Singtel that provides a more ubiquitous smartphone application for mobile payments. SingCash helped attract new customers and improve the loyalty of existing Singtel customers.

For the future, Telepin predicts an increased use of digital currency. To meet this need, the company has plans underway for increasing the reach of mobile-banking services in areas with poor infrastructure. Telepin also aims to expand their existing geographic presence in Latin America, South East Asia, and Africa, and eventually branch out into other regions as well.