NiuPay selects Skaleet to launch payment institution in French Polynesia
By Gloria Methri
Polynesian payment institution NiuPay has chosen Skaleet’s new generation Core Banking Platform (CBP) to provide local populations with limited banking access to digital financial services.
NiuPay provides Polynesians with an account, a payment card, a mobile payment system, and all the functions required to conduct their business, in a single application. The goal is to manage one’s money autonomously by receiving real-time transfers and payments.
The establishment also provides an International Mastercard that is linked to the NiuPay account. This card can be used to make purchases in stores or to withdraw money from ATMs in French Polynesia and elsewhere. Additionally, through a QR code, NiuPay customers can pay using their smartphones, while maintaining an overview of their expenses.
Skaleet and NiuPay have entered a multifaceted partnership for an open and modular solution that is easily configurable for the Polynesian payment institution. The solution allows secure management of large volumes of customers while working with small back-office teams. A major goal was to ensure the financial and economic inclusion of the isolated populations.
Fabrice Luciano, Managing Director of NiuPay said, “French Polynesia is an ideal innovation laboratory for developing technologies tailored to our needs. We are delighted to contribute to our region’s financial inclusion through a concrete and equitable island solution that reduces disparities among local populations and, finally, allows us to serve the payment needs of all Polynesians who continue to face difficulties in accessing daily financial services.”
Hervé Manceron, CEO and co-founder of Skaleet added, “It is important for us to partner with financial institutions that share our vision and ambition to innovate and adapt to change. We are delighted to contribute at our level to the development of a future-oriented solution that contributes to Polynesians’ financial inclusion through this technological partnership with NiuPay.”
IBSi Daily News Analysis
May 26, 2023
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