1. 500,000 families in urban and rural India would have accumulated savings using Pulse, which will enable them to move out of debt and poverty.2. We will increase and improve access to health, sanitation, energy and education in low-income communities. There is an opportunity to offer this product to companies in the aforementioned sectors who are serving the low-income market and struggle with payment collection. Moreover, cash handling is risky especially in rural areas. Service providers will be able to offer services at a reduced cost if technology can be leveraged to eliminate costly in person fee collection thereby increasing their reach.
• Pulse is designed to work on the basic, feature mobile phones that are ubiquitous across the developing world. The text-based feature ensures the solution reaches those living in villages and remote areas with low or no data connectivity.• Taking technology in a format that is acceptable to anyone and fits into their behavior, we provide an unconventional approach to mobile savings and payments for low-income communities and businesses.
In terms of people growth, probably we are looking at 2X the count of what we are today.As business, in three years we would be present in African, LatAm and SEA regions with the portfolio we mentioned above.
We have the capability of multi tenant systems and effectively would propose a national switch for all mobile payments operators in the country. Similar to National financial switch for the baking institutions in the country.Fraud prevention and analytics engine are other key integral modules of design to ensure that the Mobile payment operator gain the maximum from the technology delivered by MPower.