Mobile Money Solutions
Mobile Money Solutions
Introducing Mobile Money Overdraft (MMO)
Our Mobile Money Overdraft (MMO) service empowers eligible telco subscribers by granting instant overdraft facilities, allowing them to complete transactions even when their Mobile Money Wallet lacks the necessary E-Money funds. Subsequently, subscribers can repay the overdraft upon depositing or receiving money into their account via an Auto Debit mechanism.
Key Features Include:
- Dynamic Cash Value: We determine the overdraft amount based on the subscriber’s profile, ensuring it aligns with their financial needs.
- Convenient Access: Subscribers can access the overdraft through various channels, including SMS or during a transaction when their funds fall short.
Explore Our Revenue Share Model: Discover our innovative revenue share model, designed to benefit both subscribers and service providers alike.
Benefits
increase Of Revenue
Telcos understanding subscriber base
Increase Mobile Money Pentration
Increase Customer loyalty
Quick Deployment
Shared Wallet Platform
Regardless of the growing adoption of Mobile Money, they’re still many challenges that are experienced by Mobile Money companies & operators. One of the most challenging is the dependency to cash as the primary payment method by their customer. This creates a high volumes of wallets with zero balances which bears a negative economic impact to the mobile money company but also to the customer as they are unable to attend to emergencies when they arise thus relying on other means of payments which creates huge loss for the Mobile Money Company.
Olcoms can provide a shared wallet service which provides mobile money companies with a new approach in overcoming the zero balance challenge and creates value for the customers.
With a shared wallet, customers can quickly and securely attend to any form of expenses through a dedicated shared wallet accessible by selected members while still staying in control of their funds.
