E-Wallets
KontoMoney's E-Wallet services offer a versatile and accessible digital payment solution to communities across Nigeria. By integrating E-Wallets with the extensive network of KontoMoney agent banking locations, we ensure financial inclusion and convenience for users.
Dimensions of E-Wallets
Features and Functions of E-Wallets
Digital Payments
Description: Pay for goods and services using mobile phones or other digital devices.
Benefits: Secure, convenient alternative to cash, reducing the need for physical money.
Fund Transfers
Intra-Wallet Transfers: Quick transfers between KontoMoney E-Wallet users.
Bank Transfers: Transfer funds to any bank account in Nigeria.
Bill Payments
Utility Bills: Pay electricity, water, and gas bills directly.
Telecommunication Bills: Recharge mobile phones and pay for internet and cable TV services.
Merchant Payments
POS Integration: Use at Point of Sale (POS) terminals in shops and businesses.
Online Payments: Shop online and pay for services securely.
Savings and Budgeting Tools
Savings Plans: Set aside money for savings.
Budget Management: Track expenses and manage budgets within the app.
Security and Compliance
Regulatory Adherence
Compliance: Follows Central Bank of Nigeria (CBN) regulations.
AML/KYC Policies: Implements strict anti-fraud measures.
Data Security
Encryption: Protects user data and transactions.
Biometric Authentication: Uses fingerprint and facial recognition.
Economic Empowerment and Inclusion
Inclusive Services
– Low Barriers to Entry: Minimal documentation for registration.
– Community Engagement: Local agents build trust and ensure inclusion.
Customer Support
– Digital Economy Participation: Enables commerce and trade opportunities.
– Financial Independence: Easy access to financial services for better financial management.
