Finance for All with Mobile Financial Solutions

Mobile Financial Services

Telemune provides Mobile Financial Services to organizations aiming to broaden access to a range of remittance, payments and banking services – including banks, operators and NGOs.

State Bank of India

Deployments to date include India’s leading public sector bank, the State Bank of India, where the Mobile Financial Services platform is integrated with the Core Banking System. Using this platform, SBI was the first bank in India to offer branchless banking via retail outlets and mobile phones. Within 5 months of launch, the service had attracted over 300,000 customers and was handling over $25 million in mobile money transfers.

CASHPOR Savings Service

CASHPOR is a mid-sized micro-finance provider and a Business Correspondent of India’s leading private bank. By deploying the Mobile Financial Services’ solution, it was able to offer a savings product to underbanked individuals in 9 districts of India. 450,000 people have signed up for the savings service and each customer has an average saving of $5.