Sicap: mobile money ATM launched
Adapted to meet operator needs, the ATMs, can be deployed as a simple prepaid credit channel to the 95% of African mobile users who use prepaid subscriptions and top up on a daily basis. This use case alone represents huge potential for operators to make savings, since it eliminates reload commissions to vendors. Alternatively, they can be deployed for money remittance services with cash withdrawals enabled, or connected to CRM platforms for automated customer care, or even set up as a means for the unbanked to settle their utility bills.
Potential reach for mobile cash services on an ATM is very wide. Even in South Africa, the most economically developed nation on the continent, only 40% of households dispose of a bank account, according to the World Bank. In West and Central Africa, the percentage of banked households drops to 20%. In Cote d’Ivoire for example, the dissuasive 6 euro monthly account charges imposed by banks is equivalent to two days of salary for a security guard or shop employee. While aversive to banks, the population of Cote d’Ivoire avidly adopts value-added services such as Sicap Pay4Me mobile reverse charging. The Sicap cash-in to cash-out ATM solution will be the next milestone in value-added services by enabling mobile phone users to transfer airtime or send cash transfers to any other mobile user in real time.
Founded in 1994 as a department within Swisscom Mobile, Sicap is now positioned on the delivery of customized mobile software solutions in the areas of communications and charging. More than 90 customers around the world benefit every day from Sicap technology.