Cash Remittance

powered by Wincor Nixdorf

Are you currently offering a mobile money transfer solution or are you planning to enter this fast growing, multi-billion market? Either way, Sicap Cash Remittance solution will provide mobile network operators with a distinctive competitive advantage: Sicap Cash Remittance puts the operator in control of the entire value chain from cash-in to cash-out.

Any mobile subscriber wishing to send money can directly proceed to a Cash Remittance ATM and make a cash deposit. Alternatively, a deposit can be made by charging a prepaid or postpaid account or by debiting an m-wallet using a variety of channels such as SMS, USSD or Internet. The specified recipient will then be able to withdraw the cash from operator owned or other participating ATMs simply by entering a service generated one-time access code received on his mobile phone as well as a secret withdrawal code which will have been communicated by the sender.

Benefits

for end users
and Operators

What is it?

find out more on the solution

How it works

Benefits

End user benefits:

  • Easy to use
  • No bank account needed
  • Substantially lower commission charges compared to classic money remittance services
  • 24/7 self-service

 

Operator benefits:

  • Substantial additional revenues and margins from a new value added service
  • Impressive return on investment
  • Improved subscriber loyalty
  • Integrates into network environment
  • High end-to-end security