- About Us
- MANAGED SERVICES
- INNOVATIONS FOR TELECOM
- MOBILE FINANCIAL SERVICES
- Contact Us
Mobile Financial Services present perhaps the most exciting and promising opportunity for financial inclusion of half of the world’s population, the half which is not banked, and is over 18 years old. More than 3 billion people will benefit from being able to perform and receive transfers, make payments and access financial services through their mobile phones.
Today perhaps 10% of those people have access to this nascent world of simple interfaces, straight-forward account creation and management processes and pervasive cash-in ad cash-out points, and it is making a huge difference in their lives and to the GDP growth of their home countries. In countries where the regulatory obstacles have been cleared, such as Kenya, Tanzania and the Philippines, the number of financial account holders has more than doubled within a decade, which has meant that the people who use them have experienced a quantum leap in their buy/sell/transfer efficiency, their personal security, their access to services, and ultimately their wellbeing.
A new economy has also been built around the likes of mPesa, Airtel Money, G-Cash and Smart Money, with millions of families having access to formal financial services for the first time through Mobile Money and MFS. Tiaxa plays an important role in this field in Asia and Latin America, with 3 million nano-credits(TM) provided each day to over 10 million users of its Balance Advance service, currently live in 14 countries including Mexico, Nicaragua, Colombia, Ecuador, Peru, Cambodia, Bangladesh and the Philippines. Based on its transaction processing DNA with mobile operators, Tiaxa has brought a whole new vision of the MFI business from a telecom point of view, and is working hard to bring its offering to the global markets.