Innobanking

The Innobanking closed loop system is a holistic business development and financial inclusion solution for the banking industry. The Mobile payment platform provides unparalleled mobile payment and bill paying transaction functions. Imagine a mobile payment platform that has full Internet banking functionality, is linked to a bank (not a telco), is integrated within the national switch, has a chip card so it can be used at any POS Terminal to purchase goods or at any ATM throughout the country. The platform is supported by dual SIM POS terminals which improve cash flow for shops by allowing cashless purchases. Marketing POS terminals provides revenue to fund a sales team to establish POS Retail Agents throughout the country to stimulate transaction volumes. The POS Retail Agents earn additional revenue by opening bank accounts for their customers and servicing transactions. POS Retail Agents are supported by a conveniently located Micro-Branch which acts as a Master Agent Hub that incorporates an ATM and has larger cash reserves available. The ATM’s incorporate highly innovative cash recycling technology, they not only issue cash but also accept and validate notes and then make them available to be issued. This technology reduces maintenance costs and improves a level of service to the customers that could not otherwise be provided. The branded Micro-Branches are provided to the Bank by leveraging o a modest annual advertising budget to achieve unprecedented value and exposure. This strategy rapidly increases geographical territory and market share for the bank. We are very much looking forward to making a significant contribution to the banking infrastructure, the financial inclusion deficit and to stimulating the local economy of rural Ghana. More information: http://innobanking.com/Innobanking.pdf