Mobile Financial Services (MFS)
NETinfo Mobile Financial Services is designed and developed using international mobile payment practices. NETinfo MFS enables its users to perform all type of transactions and payments, with a secure, user-friendly and powerful tool, using any smartphone.
Mobile payments made simple and secure
No need for
Cash
Cards
Cheques
Benefits
NETinfo Digital Banking Platform provides comprehensive out-of-the-box functionalities and features to satisfy the digital banking needs of today’s consumer-centric financial institutions.
Online registration
NETinfo MFS enables online registration, automating the end-to-end process and eliminating paperwork. Users gain speed and convenience, and there are multiple KYC levels.
Convenient cash in / cash out
MFS users can cash in/top up their e-wallet or cash out any time using their bank account, their credit card or through the agents of the MFS system.
P2P
MFS users can make person-to-person fund transfers using a mobile device and either a mobile/wallet number or by selecting a beneficiary from the mobile’s contacts. Both will receive SMS confirmations when transactions are complete.
Payments
NETinfo MFS facilitates any type of payment including government payments, municipality payments, ticketing, parking, vending machines, gas stations and many more.
Convenient over-the-counter/online payments
NETinfo’s two-way beacon technology allows users to make in-store payments, independently of any mobile network or internet connection, and online payments using their digital wallet.
Loyalty programmes and coupons
NETinfo MFS has an in-built loyalty system and rewards for users. MFS users can view and manage loyalty points accumulated per merchant, and review and take advantage of merchant offers.
PFM
MFS users can have an aggregate and detailed insight of their e-wallet account including transactions history and analysis. They can also perform full money management, in order to estimate their income and control their expenses, via goal and budgeting tools.
Fast and secure environment
A secure mobile financial services environment where users and their mobile devices must be registered and activated in the MFS platform in order to access the system. Payments within the system are cleared and settled instantly within the MFS platform.
Low to zero switching cost
Very easy and low cost for the implementation of this alternative payment method. NETinfo MFS can be integrated effortlessly with any POS system.
Low transaction cost
MFS is independent of any card associations and third-parties, while any payments within the wallets are cleared and settled instantly in the system, meaning very low transaction costs.
Cross-selling and up-selling opportunities
Acquire new customers and increase sales by using the MFS marketing campaign tools, which generate leads for cross-selling and up-selling.
Increase revenue
Merchants can increase their revenue by acting as agents thereby enjoying commissions from the enrolment of new users and the transactions performed by them thereafter.
Big data
By using big data insights, merchants, can personalise their marketing and attract new customers.
Loyalty system
The in-built loyalty system and the associated tools enable the merchants to manage their coupons and loyalty points. Each merchant can define its own loyalty plan and offers.
Central management of the system
NETinfo MFS is fully and centrally managed by the MFS operator, which can define the whole business model including the charges and fees that will apply to every activity.
Low operating cost
All transactions within the system are settled and cleared within the MFS platform, hence low operating cost.
Loyalty system
The operator can define its own loyalty plan and offers in order to gain more revenue and attract new customers.
Expand the ecosystem
The operator can continuously add new partners, merchants, agents, services or functionality to the system, increasing the offering to existing users, while attracting new customers.
Revenue opportunities
Gain revenue through commissions from the enrolment of new users and the transactions performed by them thereafter.
Mobile Financial Services brochure
NETinfo Mobile Financial Services (MFS) is a digital wallet solution, designed and developed to
run on iOS or Android devices, providing an alternative payment method to cash or credit cards.
NETinfo MFS is adapted to current international mobile payment practices making it ideal for
both developed and emerging markets as well for banked and un-banked communities.
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