Neobanks are usually specialize in payment transfers
Lack of services and benefits –i.e. salary in advance, e-wallet, etc.-
The US rank of Neobanks account holders will swell to 53.7 million in 2025, up from 29.8 million this year, per Insider Intelligence forecasts. -Bank of America and Citibank combined had only 45.3 million active mobile users in Q2 2021.
Lack of services and benefits –i.e. salary in advance, e-wallet, etc.-
Great for the US market. Not applicable in other regions -lack of POS penetration-
Software development companies may develop a nice look and feel, but understanding of banking regulations is a must.
Mobile phone signal sometimes is poor outside large cities.
The world is not “mobile”, requires integration with Non Banking Correspondent networks to solve the lack of point of contact with customers
We provide a complete ecosystem, ready to face the challenges of different market needs. Not just an application, but different modules for other markets, i.e., Retail chain networks to accept cash recharge and withdraw, etc.-
We offer the API to be integrated into cash register platforms, POS, other mobile solutions, etc. Not dependency on branded cards, and lower costs for merchants.
Adapted to the reality on low-quality signal locations. A Neobank customer can use their personal id in case the smartphone is not available
The world is not “mobile,” which requires integration with Non-Banking Correspondent networks to solve the lack of point of contact with customers.
ECOBANK was designed in modules, ready to be implemented in different markets and scenarios, and according to banking regulations.
Digital onboarding
ID Control /Selfie. KYC.
Searches in black lists.
Card issuance
Instant card issuance. Visa, Mastercard, UPI
E-Wallet
Your mobile payment device for smartphones
Bill payments
Recharges, Telephone, Transportation, Utilities, etc
Massive disbursement
Donations and Social
Disbursement
Government subsidies.
Core bank processor
Multi-bank and multi-processor platform. Ready to interconnect multiple organizations
Loans
Cash in advance on account. Algorithm to calculate founds available according to income.
Money Transfer
Local and international
Western Union IT provider
PtoP, BtoC, CtoB, BtoB.
Payroll
Application for companies. Pay wages in real time. Salary in advance