Products
TRANSAXION
Transaxion is a novel Micropayment and B2B /B2C /C2C payment system that permits individuals, cooperatives, commercial enterprises and public institutions to seamlessly exchange funds in the easiest and most transparent manner possible. Transaxion allows institutional entities and individuals to render payments against services, collect funds from distribution networks in a secure and safe manner, transfer funds to other individuals or institutions. Transaxion marries basic virtual account management functionality and payment transactional capabilities to the tremendous last mile connectivity offered by mobile phone networks.
This combination has resulted in a payment and transaction system that is exciting by virtue of providing tremendous value to all stakeholders in the simplest way possible.
SOLUTION
Transaxion provides a reliable and secure channel for funds transfer over mobile phones. Transaxion empowers customers by allowing them to store their money in a virtual account that can be securely accessed using the mobile phone. Transaxion rapidly deploys a host of services beyond mere Money transfer capabilities around this virtual bank. Money in the ransaxion virtual accounts may be used to pay utility bills, transfer funds, pay TV and buy lottery tickets etc. Transaxion allows the purchase of branded (maestro/master/visa) debit cards and their mapping to Transaxion accounts. These cards may be used through normal transactional channels such as ATM networksand POS terminals. Transaxion offers customers unmatched flexibility in transacting in the real world. Transaxion seamlessly integrate with institutional partners to make these services extremely accessible.
TECHNOLOGY
Transaxion is designed for maximum security and reach and utilizes the following last mile delivery channels:- GPRS
- USSD
GPRS is the model of choice for customers using high end hand held appliances. USSD addresses handset interoperability issues and non-java hand sets.
(Please see the attached Brochure for Transaxion in PDF format)
(Please see a Case Study for Transaxion)
Transaxion allows the purchase of branded (maestro/master/visa) debit cards and their mapping to Transaxion accounts.
