E-Kyash: Boosting financial inclusion in Belize with a digital wallet as lifestyle platform
The Belize Bank Limited (BBL) is the first and largest full-service commercial bank in Belize that provides a range of banking and financial services to both domestic and international customers. The bank reached out to Wallet Factory looking for a powerful full-fledged digital wallet solution that could help improve financial inclusion in the region.
Business needs and requirements
Addressing high numbers of unbanked population and low card penetration rates, our client wanted Wallet Factory to develop a flexible and scalable eWallet mobile app for merchants and customers to enable robust online payment services for its users.
Since ready-made software failed to meet local-specific prerequisites, we were tasked with delivering a bespoke white-label FinTech solution tailored to serve the clients’ interest, improve user banking experiences, and ensure the transition from cash to digital money.
Solution highlights
Addressing high numbers of unbanked population and low
card penetration rates, our client wanted Wallet Factory to develop a flexible and scalable digital wallet application to enable robust online payment services for its end users. Since ready-made software failed to meet local-specific prerequisites, we were tasked with delivering a bespoke white-label FinTech solution tailored to serve the clients’ interest, improve user banking experiences, and ensure the transition from cash to digital money.
“E-kyash has revolutionized the way financial services are delivered today in Belize. The FinTech app has won widespread approval by both B2B and B2C bank customers with its usage growth rates exceeding exponentially. Together with Wallet Factory, we already have a strategy roadmap that will add much value to the Belizean market, drive financial inclusion, and bring not only modern financial services but also refreshing experience providing a brand new payment method for the everyday usage along with a lot of excitement to the Caribbean market and beyond.” —
Agata Ruta
Head – Digital, Retail & Corporate Banking at Belize Bank Limited (Belize)
