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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
“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.