We are thrilled to share great news with you about one of our most valuable clients and its recent success. The Belize Bank Limited (BBL), the country’s largest full-service commercial bank and a provider of a wide range of banking and financial services to both domestic and foreign clients, announced today that it won a Silver Award at the ninth annual Qorus-Accenture Banking Innovation Awards in Barcelona, Spain. In the category of Social, Sustainable, and Responsible Banking, the company’s statewide eWallet platform E-kyash powered by Wallet Factory was recognized with the coveted award.
Due to our collaborative efforts for delivering new digital wallet app capabilities, E-kyash acquired a competitive advantage and received a prize. By supplying mobile-first software solutions to meet the rising demand for digital payments from banks, merchants, and customers, Wallet Factory, an innovative FinTech services provider, aids in accelerating Belize’s digital transformation.
“In addition to the excitement of winning, we are glad to see how our customers are using E-kyash on a daily basis. They receive their salaries directly from the digital wallet, and are able to manage their electronic funds making purchases, paying bills, transfering funds to friends and family in real time. Our app facilitates payments for the Government of Belize and many merchants via direct integrations. However, we do not stop here. Belize Bank is committed to support our clients bringing modern financial services to Belize, reducing cash in circulation, at the same time increasing the security of financial transactions in the country.”Agata Ruta, COO at BBL
To support Belize’s financial inclusion goal, the eWallet app is being expanded across the country in an effort to reach the unbanked population, including adults and young people. The mobile wallet app provides a wide range of features and services for different user groups, such as billers, merchants, customers, and agents, on a single platform.
“Getting awarded for the products like E-kyash that wide audiences use is the greatest feeling! We will keep providing the best-in-class solutions to our clients with end-to-end payment and loyalty programs for customers and business users.”Mikhail Miro, CEO at Wallet Factory
A FinTech provider of digital finance services and enterprise-grade platforms. Wallet Factory enables financial businesses of any size with access to digital opportunities, like market-ready eWallets, payment solutions, card tokenization, customer loyalty programs, and more.
Belize Bank’s E-kyash was launched on August 6, 2021, and currently has over 452,000 users bringing financial inclusion to the Belizean market. E-kyash is the best alternative to cash allowing customers to complete the transaction immediately in a safe and secure way.
Solution is also focused on the Micro and Small Businesses, helping them to grow their revenues and enhancing their credit scoring.
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