Payout & Send Agents
Mi-Pay offers a wide range of infrastructure services supporting and managing chains of vendors and related sub-vendors across multiple territories who provide local consumers with a wide range of cash-based financial services. These include handling domestic and international money transfers, bill payments for numerous products and services as well as acting as "Mobile ATM's", providing cash out facilities in largely rural areas or those not served by an adequate ATM network.
These services are all securely managed entirely from the agents mobile handset without the need for deploying or modifying expensive new terminals. Agents typically trade in cash against a pre-paid balance earning a commission for every valid transaction. Other goods and services such as insurance can also be sold via the same system.
Mi-Pay's solution offers a number of benefits:
- Reduced capital and headcount spend as Mi-Pay provide an outsourced solution.
- Managing an extensive agent network with mobile handset based electronic distribution greatly reduces costs.
- Expensive paper-based processes can be eliminated, reducing printing, distribution and fraud costs.
- Improved information giving ability to drive new revenues and motivations for sellers.
- identify which distributors are selling best, and reward appropriately, leading to a higher volume of transactions and sales.
For more information about StreetVendor and our other agent based mobile money services download a product brochure.
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