F1Soft International Partners with BICS for International Remittance:
BICS, a leading global provider of wholesale carrier services and a pioneer in the mobile financial services market, delivers best in class global solutions for Voice, Messaging, Roaming, Connectivity and Mobile Financial Services to hundreds of telecommunication providers around the world. It has its offices in Brussels, Bern, Monaco, Dubai, Singapore and New York. It is a joint venture of Belgacom, Swisscom and MTN, and has rolled out transformative Next Generation Networks (NGN).
For the augmentation of F1Soft International’s market, we are now confined to BICS for International Remittance. BICS and F1Soft International have amplified their niche market by having eSewa connected to the international remittance hub HomeSend.
eSewa now handles 8,000 transactions per day and provides access to payout through over 4,000 outlets. HomeSend, a business partnership between BICS and eServGlobal allows real-time transfers of any type of fund and various fund sources. HomeSend, as such, acts for F1Soft International as a central worldwide aggregator while F1Soft International provides the HomeSend Partners and their user base access to the whole of Nepal with various disbursement channels.
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New Products/Services Introduced by F1Soft International
1. Fonepay:
F1Soft International’s mobile wallet for banks
With cutting-edge electronic solutions, robust back-end systems and easy-to-use front-end user interfaces, F1Soft International has now become a trusted leader in electronic payments and proven reputation through strong and weak economies. F1Soft International can add a reliable, convenient cash payment channel without the costs of maintaining your own network of on-premise payment centers.
The mWallet(fonepay) System consists important features that the Bank can offer to its customers. The most important of them is the Remittance feature that enables people to transfer funds to any person they want, irrespective of their account category and types. Utility bill payments debit card integration, referral and alert facility is possible via mWallet . It is a robust, flexible and customizable service with seamless integration into customer’s networks. mWallet leverages bank customers to achieve anywhere anytime banking solutions using their own mobile phone from comfort of their home or office. Banks can truly provide a value added service to their customer for managing their banking activities seamlessly. mWallet provides a robust integration framework that is automated and integrates multi diverse platforms for core mobile banking software. mWallet provides secured mobile personal identification number (MPIN) to every customer of respective banks, which acts as secured password to access their individual bank account to initiate mobile banking transactions. As mWallet is independent of any network service providers, it provides advantage of standalone integration with reduced maintenance and deployment cost to the bank.
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