WIZZIT Mobile Banking Solutions: Transforming Financial Inclusion
WIZZIT is a leading mobile banking solution provider that enables financial institutions and service providers to promote financial inclusion. Their vision focuses on financially empowering consumers by creating a cost-effective and reliable mobile payment infrastructure. Since 2004, WIZZIT has cemented its reputation globally, leveraging a team of over 60 professionals and implementing innovative technology across three continents.
By combining cutting-edge platforms with strategic insights, WIZZIT has become an internationally sought-after partner for financial institutions seeking to make a meaningful impact.
Bridging the Digital Banking Gap
While 90% of banking executives acknowledge that digital banking ecosystems are accelerating, only 12.9% believe their core systems can support this transformation. WIZZIT addresses this challenge with highly customisable, easy-to-integrate solutions. These solutions can be implemented within weeks, minimising disruption to IT infrastructure and allowing banks to quickly expand their digital offerings.
WIZZIT’s solutions aim to:
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Increase sales potential by up to 60%
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Reduce client acquisition costs by 20%
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Meet government mandates for financial inclusion
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Enable branch-less and mobile banking for previously unbanked populations
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Deliver cost-effective, tailor-made solutions with 8–12 week implementation
Mobile Banking Services
Mobile Banking
WIZZIT Mobile Banking provides secure, fast, and transparent digital banking services. Its benefits include:
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Cost Savings: Mexico saved $1.3 billion by switching from cash to digital disbursements
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Transparency: India experienced a 47% decrease in bribery demands after digital adoption
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Speed and Security: USA saw a 10% reduction in cash-related crime
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Financial Inclusion: Unlocking a 2-billion-strong market segment
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Economic Development: Contributing to GDP growth of 0.3–0.8%
Mobile Wallet and Merchant Platform
The WIZZIT Merchant Platform manages transaction processing and settlement for merchants. It allows banks to integrate merchants into a network capable of accepting mobile payments and POS transactions. Typical transactions supported include:
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Purchases of goods and services
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Cash deposits and withdrawals
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Money transfers
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Vending of prepaid vouchers
This platform is particularly effective in supporting branch-less banking strategies and extending banking services into the informal sector.
Cloud Hosted Solution
The WIZZIT Cloud Hosted Solution provides banks access to the proven WIZZIT platform without investing in infrastructure or IT resources. It ensures secure, real-time transaction processing and reconciliation. The cloud platform is distributed across multiple redundant points, allowing uninterrupted service and high concurrent transaction processing.
WIZZIT Smart ESB
The WIZZIT Smart ESB is an enterprise-grade service bus designed specifically for financial institutions and service providers. It allows banks to quickly expand their digital banking functionality without altering core banking systems. Integration with new products or third-party services can be completed in days instead of months.
The Smart ESB connects multiple channels, including internet banking, mobile platforms, and branches, while enabling access to value-added services (VAS) both internally and externally.
Why Partner with WIZZIT
WIZZIT empowers banks and service providers to deliver innovative digital banking solutions with minimal disruption, lower costs, and faster time to market. By adopting WIZZIT solutions, financial institutions can reach previously unbanked populations, improve operational efficiency, and drive financial inclusion across Africa and beyond.
At Dream Team Capital, we understand the complexities of mobile banking solutions and can guide you through the process of partnering with WIZZIT. We help businesses and financial institutions access these transformative services efficiently.
Contact DTC – for more information on Wizzit.
