Government & NGO (G2P I N2P) payments of social benefits, salaries or pensions are crucial for a positive impact of inclusive strategies. Our disbursement solution not only provides full management of funds in escrow but also integrates with the financial system through partner banks or stand-alone via a local e-money license.
Beneficiary accounts may be offered at extremely low cost (e-wallets) and linked to closed or open loop payment I ID cards and administered via mobile App. All transactions can be monitored in real time.
- Withdraw funds at any partner payment point, agent or merchant
- Withdraw funds at partner bank ATM´s
- Retrieve account balance at payment points or partner bank ATM´s (depending on ATM technology)
- Retrieve account balance on mobile App
- Authorize and conduct additional services (create savings or loan accounts etc.) if authorized by client
DISBURSEMENT OF FUNDS
- Mobile Money wallet accounts
- Rural I APEX I Post bank accounts
- Accounts held with Microfinance institutions (MFIs)
- Savings or loan products may be offered in partnership with commercial banks
- Cash advances may be offered to beneficiaries in partnership with commercial banks
- Opportunity to purchase government services directly from card I wallet – utilities, health, life insurance, etc.
- Opportunity to purchase private sector services directly from card I wallet– mobile top up units, etc.
- Possibility of receiving remittances and other payments into card I wallet for spending or cashed out
- Payouts can be collected out of locality – nationwide
Aya offers biometric authentication for card disbursements. To address literacy levels in remote areas often targeted by cash or voucher disbursement programs alternative authentication methods using symbols instead of PIN numbers may be applied.
A 4-digit symbol code is selected by beneficiary on registration to facilitate secure authentication for illiterate beneficiaries. Beneficiary is offered a choice of 10 simple and familiar everyday symbols. On-site the agent/merchant enters the numeric equivalent of the symbols via the keypad using a simple picture “translation” card. symbol “PIN” would therefore be: Eye-Mouth-Mouth-Heart or 3554 resulting in the same probability as a regular numeric PIN (for order of four with three attempts: 1 : 3,333). Examples of symbols are:
Combination of two numeric digits 1-5 (left hand, right hand) and two symbols.