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Future of Mobile Money in Developing Economies

Mobile money is evolving rapidly, expanding access to the unbanked and opening a world of economic opportunities. By leveraging mobile apps and low-cost digital payments networks, services such as Paytm are driving down costs for both customers and entrepreneurs alike.

Mobile Money is not exclusively supplanting Banks.

Society needs a pouncy financial bridge, and a new form of agency in finance is necessary in the case of the division between technical and geographical environments. Well, in my opinion, the best candidate in fulfilling this need is mobile money, at a very affordable cost

In many countries, mobile money platforms have been adopted by banks and MNOs. Estel Technologies offers the following services: integrated core banking, money transfer, automated clearance of ACH/SWIFT/Pagos, virtual cards with EMV OEMS, and a wealth management portal for advisory services.

Mobile Money is an economic connection between people that is worth more than just the cost of money. Estel Technologies provides an all-encompassing mobile services system that eliminates gaps of expectations between your customers and their experience in one platform.

Estel’s Mobile Money solution bridges the gap between under-serviced and banked society, with a robust Digital Banking Solution platform that allows banks, financial institutions, mobile networks, and money transfer agencies to operate in any context.

The company’s Mobile Money solution is a robust Digital Banking Solution, available to banks, fintech companies, mobile network operators (MNOs), and money transfer agencies. Estel has created a secure and scalable platform that enables banks and other companies to provide innovative services, such as:

  • Mobile money
  • Mobile Wallet
  • Mobile remittances / Online money transfer solution
  • Mobile payments
  • Mobile banking
  • Card-based mobile financial services (m-POS, Micro “Human” ATM Solution)

And, if you’re interested in how to become a payment processor, the journey begins with a strategic approach. Start by building a solid foundation in finance or technology through formal education or specialized courses. Seek internships or entry-level positions in financial institutions to gain hands-on experience. Stay current with payment systems, security, and compliance to excel in this profession.