Mobile Money
Multi-Currency Management
The wallet supports the creation and management of multiple currencies. With capability for currency conversions and tracking of exchange rates.
Fees and Tax Management
The wallet has a module for creating and managing transaction fees and these are configurable per use case per currency per market.
Tax management and configuration available in specific markets for tax segments that include IMT and withholding tax amongst others.
Limits Management
All wallet transactions are governed by limits. The wallet has a limits module used for creating and validating limits based on the KYC supplied by the customer. HelloCash wallet KYC compliance is based on the linked payment method in the source market.
Stocks Creation & Liquidation
The wallet has a stocks creation and liquidation module used for managing deposits and withdrawals into and out of the system by various channel users such as merchants and bulk payers.
Channel User Management
The wallet supports the following channel users-:
Merchants, Billers, Bulk Payers, Agents, Payroll. These users have a self-onboarding and self-care portal for accessing HelloCash Services.
Charts of Accounts
The wallet has a module that manages channel user accounts, system expense, suspense and income accounts, mirror trust accounts and customer accounts. Journal entries for each of the accounts are recorded and a running balance tracked for each of the accounts. Automated reconciliation of accounts is available.
Risk and Fraud Management
The wallet has a sanctions screening module for managing risk. It also has an AI based fraud dictation module for anti-money laundering gate-keeping.
Services and Relationships Management
The wallet has a module for managing allowable transaction types and services across channel users and markets. The module also manages relationships between channel users and customers.
Loading and Unloading Wallet
Customers can load their HelloCash wallet using local currencies via banks, mobile money, payment and card schemes and cash.
Loading funds into HelloCash is restricted to HelloCash seven currencies and any other currency has to be converted into either base currency, USD or any other HelloCash acceptable currency.
Customers can transfer funds from HelloCash wallet to cash, bank account and mobile money wallet.
Domestic Transfers
Peer to peer transfer of funds for customers within the same country based on HelloCash country.
Remittances
Customers can seamlessly and at a low cost send money in several currencies to friends and loved ones across the world. Remittances will be restricted to countries that we are licensed to participate in either directly (BelCash remit) or indirectly ( Partnerships with other remittance partners)
Merchant Payments
The customer can pay HelloCash merchants on the pay page, on the explore page and any other online and brick and mortar merchants registered on HelloCash.
HelloCash debit card and virtual payments may be utilized for both present and non-present transactions.
Bill Payments
The customer can pay HelloCash Billers and any other billers integrated to HelloCash Pay. HelloCash shall also allow customers to setup recurring payments for bill payments together with bill presentation from merchants.
Currency Exchange
The customer has access to currency exchange services which they can use within their multi-currency wallet as need arises, conveniently and at a low cost
Scan to Pay
The customer can scan to pay (stream lined brick and mortar services). The customer can also generate a QR Code to be scanned for them to be paid or receive money.
QR code channel is globally compatible with all QR codes that include MasterCard, Union Pay and VISA.
Scan QR codes feature is also compatible for product verification and comparison.
Wallet Services
The customer can access the following wallet services-:
- Self-service micro services
- HelloCash wallet services that include balance inquiry, statement etc.
- Password Management
Visit one of our platforms: HelloCash Info HelloCash Portal
Youtube illustration: Send Money tutorial
To know more contact us.