E-kyash, launch of a new digital wallet in Belize
Belize Bank Limited, along with a fintech solutions provider, Wallet Factory, were the first in the region to launch a digital wallet app providing access to premier online banking services to Belizean customers.
Belize City, Belize and Kiev, Ukraine – September 20, 2021.
E-kyash, an innovative financial mobile application, has been successfully deployed in the Belizean market. The revolutionary banking app was developed by Wallet Factory exclusively for Belize Bank Limited to replace dangerous cash payments with more secure digital transactions. E-kyash is primarily designed as a gateway that promotes financial inclusion for unbanked and underbanked communities in Belize.
âWe have seized every opportunity to deliver the best financial software possible while creating great new banking experiences for users,â said Mikhail Miroshnichenko, Co-Founder and CEO of Wallet Factory. âBehind every feature we have implemented in our mobile app, there is a solid understanding and appreciation of local customer demand for robust digital financial services. “
To match and exceed the individual banking needs of Belizean end users, E-kyash benefits from feature-rich features combined with ease of use, security and transparency. The financial mobile app is custom designed with strict measures to ensure full compliance with local and international laws and regulatory standards.
âWith the implementation of E-kyash, Belize Bank will provide the perfect financial solution to meet the needs of the underserved Belizean population,â said Lyndon Guiseppi, Executive Chairman of Belize Bank Limited. âE-kyash was also the first digital wallet in the country to be fully approved by the Central Bank after a thorough verification process, which we were very pleased with. “
The digital wallet includes two versions: the client and enterprise applications, specially designed to meet the needs of individual customers and business users such as merchants, and cashiers / retail operators. E-kyash provides various user roles to efficiently manage multiple financial services and operations.
E-kyash skillfully follows the learning curve of a short application with a plethora of technological opportunities for its users.
âToday’s innovations powered by FinTech are bringing a whole new way of meaningful interaction between businesses and end users,â said Yuriy Lozinsky, CTO at Wallet Factory. “It is in fact a complete and holistic financial ecosystem capable of driving the region’s overall economic growth.”
Some of the more beneficial features that have been released so far include the following:
â¢ Ability to perform smooth multi-variant collection and withdrawal operations
â¢ Instant transfers and payments: person to person, request for payment, scan for payment (QR payment) and others
â¢ Access to a complete history of personal transactions
â¢ Smart search filters by transaction and payment types
â¢ Comprehensive dashboards for cashiers and merchants
â¢ Customer loyalty programs with referral and welcome bonus for new users
âE-kyash will revolutionize the way payments are made in Belize,â said Agata Ruta, head of digital, commercial and retail banking at Belize Bank Limited. âConsumers can take advantage of all the benefits that E-kyash offers. With feedback from our clients, we are building a lifestyle platform that will include many value-added services, becoming the first choice of Belizeans when it comes to payments, while helping to move from a high-numbered society to a light society â.
To date, the results of using the apps are quite impressive. Customers and business users have already enjoyed a host of tangible benefits by using E-kyash in their daily banking operations:
â¢ Less than a month after launch, E-kyash has already registered 34,000 users
â¢ So far, 15,000 P2P transactions have been successfully completed
â¢ 3,000 purchases were closed using QR codes
â¢ We operate with a network of over 750 stores nationwide, accepting cash receipts, withdrawals and QR code payments.
â¢ 15% of registered users are between 14 and 17 years old, which was one of Belize Bank’s goals – to include young people in financial services and promote personal finance management.
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About Wallet Factory
Wallet Factory is a seasoned software development company that provides midsize and large financial firms with tailored FinTech solutions. With 15 years of industry experience, Wallet Factory enables financial services companies around the world to create highly competitive bespoke business solutions.
About Belize Bank Limited
Belize Bank Limited is the largest full-service commercial banking operation in Belize, providing a wide range of banking and financial services to domestic and international clients. It carries a tradition of service excellence as the first and oldest continuous banking operation in Belize.
This version was posted on openPR.