With the Trivnet Mobile banking solution, banking services can be provided equally to banked, underbanked and unbanked communities. Using a mobile phone, users can avoid queuing or travelling to the bank to perform the following transactions:

• Place balance enquiries and review last transactions
• Perform inter-account transfers
• Pay bills and process other payments
• Save money and earn interest without owning a bank account (also known as “Micro-Banking”)
• Obtain and repay loans (also known as “Micro-Financing”)
• Receive mini-statements.

Bill Payment

Using their Trivnet mobile wallet to pay bills allows users to avoid queuing, sending checks or paying extra fees. Upon bill payment, the user will receive a payment confirmation that includes all relevant transaction information and that can later be used for tracing and clarifications. Typical use cases include payment of utility bills, telecom bills, municipality and government bills and payments for any other services.

Micro-Financing

Economic development in many developing countries depends very much on the ability of micro-entrepreneurs to access financing. However, these individuals may not even have a bank account.  Moreover, micro-financing is generally constrained by the high costs of processing such small amounts and delivering them to remote rural areas, let alone the lack of information about the borrowers themselves. With Trivnet, entrepreneurs in developing countries have an equal opportunity to access financing. Using their mobile phone, they can obtain and repay micro-loans. Funds remitted as part of a micro-financing program can be further distributed or cashed out at any Trivnet enabled cash-out post.