Fintech innovations for Microtransactions
Payment transactions attract fees and naturally lead to a minimal size of transaction – smaller amounts become unaffordable in relative terms. The consequence of this is that it prevents financial inclusion, since this segment of clients would typically transact in small amounts. The advent of technology and mobile applications have spurred the development of microtransactions at a reasonable cost.
Here are a few from the Matchi platform:
The innovation brought in by us in the above solution was :
- Interoperable across all technologies
- Advanced security using public / private keys
- Interoperable across all mobile devices / all networks and OS
- Remote updates and multi provider hosting
and the costs of set-up / operations. these were done globally as a first and we have set the benchmark here.
Fintech Themes: Financial Inclusion, Next Generation Payments
Drive tracking mobile app with no other hardware
Mobile app for tracking driver behaviour and offering micro insurnace against traffic jams and parking tickets
Fintech Themes: On Demand Insurance, Microinsurance
Digital wallet network for micro transactions and movement of money across borders
Digital wallet network for micro transactions and movement of money across borders
Fintech Themes: Next Generation Payments, Risk Mitigation
Micro payments using Blockchain
Micropayments using blockchain
Fintech Themes: Marketplace P2P Lending, Blockchain
Jita - blockchain/bitcoin microcredit platform
Bitcoin microloans backed by local currency for transactions that take days to settle
Fintech Themes: Marketplace P2P Lending, Blockchain
InstaPay - Payments in a Flash
Mobile payments using QR codes for microtransactions and bill splitting
Fintech Themes: Next Generation Payments, Mobile VAS / Mobility
Empowers micro-merchants by enabling them to accept payments from any consumer owning a smartphone.
Fintech Themes: Mobile VAS / Mobility
