Products
Movilway is currently working on a variety of products across Latin America:
Microcredit
We offer innovative solutions for acquiring and distributing virtual products to generate added value for our customers.
Electronic Wallet
The Electronic Wallet is a feasible, inexpensive and modern solution for college students.
Super Store
For the distributors, Super Store is a tool that increases the efficiency in the inventory and it allows them to save costs associated with the product sales.
MoviPin
A payment alternative that allows people who do not have a bank account or credit or debit card to make purchases online without the need to provide any financial information.
Electronic Wallet
As part of a pilot project by Movilway, roughly 20,000 students from the Universidad Santa Maria in Caracas (Venezuela) will be able to use their phones to make purchases and pay for their meals in affiliated sales outlets on campus. This pilot electronic wallet project, called "E-Wallet", is the first national experience where members of a university will take advantage of new mobile applications thanks to Movilway technology. Electronic Wallet is a feasible, inexpensive and modern way to improve the lives of college students.
Transactions via mobile phone.
Movilway’s electronic wallet or "E-Wallet" not only offers students the ability to electronically recharge balances on their phones, but they can also carry out a variety of other transactions through their mobile phone, such as pay for parking, purchase meals at affiliated stores, shop and transfer money among themselves.
Movilway is driving a true market transformation by addressing the needs of students and including them a globalized world, making their lives safer and more efficient, in a win-win situation for all parties involved.
There are advantages for students and businesses:
Users:
- Avoid having to carry so much cash, thereby increasing security, especially in a country with public safety issues like Venezuela
- Control balance at all times
- Access to record of transactions
- Recharge phone balance (minutes) from anywhere, anytime
- Transfer money
Shops:
- Reduce the need to handle cash, which is safer when it comes to external and internal theft
- Avoid trips to the bank to deposit cash, since Movilway makes an electronic transfer to their accounts at the end of each day
- Control transactions (transparency)
- Earn commissions through some of the services offered
Microcredit
Movilway is committed to strengthening and retaining the loyalty of point-of-sale (POS) operators by increasing their working capital and providing them easy access to technology. This can be acquired through financing options such as microcredit, enabling them to develop their business and improve their quality of life. Movilway does this by offering Microfinance Institutions (MFIs) a secure alternative channel for distributing microloans in order to provide productive capital to the POS. The Movilway microcredit project grants a loan, for a small amount, to those who have no access to regular banking. With this microcredit, small-sized entrepreneurs can access funds in order to finance their businesses and reinvest their income.
Microcredit for Points-of-Sale
Together with a strategic partner, microfinance institution (MFI), or local bank with experience in the field of microfinance, Movilway offers the point-of-sale the option of obtaining a microcredit in order to establish a productive and profitable activity.
Activities that are eligible for Microcredit:
Electronic Top-Up:
- Grants the point-of-sale a microcredit to be used SOLELY to purchase electronic recharges.
Other mass consumer products in addition to Movilway’s B2B solution:
- B2B - Design a business solution that will attract mass consumer product manufacturers to the point-of-sale. Points-of-sale can place purchase orders and pay the distributor with electronic money.
- MFIs can provide microloans to the points-of-sale, enabling them to expand their purchasing power and invest their money in a wider range of products.
Super Store
Movilway's Super Store speeds up the distribution chain of small business, benefiting the clients and distributors of Latin America. Through Movilway’s Super Store, owners of small businesses and their distributors will be able to improve their processes of supplying, inventory, sales and loyalty on an easy and safe way thanks to the specialized technology that Movilway will provide to their clients. This will allow them to reinvent their business speeding up the answers to the competitive demand of the market.
“Our business model is based on industry specialization, in-depth knowledge of the countries and markets we serve, besides close relationships with our customers. Our open business model, innovative tools, technologies that allow the ubiquity and continued safety standards, great coverage and commercial capillarity of our platform, transforms the mobile device into a real, viable and secure payment platform” expressed Dan Cohen. “Our bet is to offer solutions that benefit the distributors and the businesses. We are in a privileged position to do so since Movilway already counts with more than 80,000 points of sale in more than 12 countries”, expressed Dan Cohen, General Manager of Movilway.
Movilway will provide the point of sale a tablet
Movilway will provide the point of sale a tablet with a specialized application for the physical and electronic product sale, besides a printer and a bar code reader to facilitate the control of its store in an effective and organized way.
Super Store is a solution designed for the points of sale to offer them the technology to control their sales, inventories and make orders and payments in an electronic way to the distributors affiliated with Movilway. The solution is easy to use and offers multiple benefits for the points of sale, including greater convenience, time and security, which translates to a better quality of life.
For the distributors, Super Store is a tool that increases the efficiency in the inventory and it allows them to save costs associated with the product sales. Moreover, it provides security in the distribution process, since it removes the cash collection. This solution, available in Latin America in April of 2012, also offers key information and will allow users to create loyalty programs as well.
MoviPin
MoviPin is a financial solution product designed to fuel the growth of e-commerce in Latin America during Mobile World Congress 2012 in Barcelona. MoviPin is a payment alternative that allows people who do not have a bank account or credit or debit card to make purchases online easily and safely without the need to provide any financial information.
MoviPin is a payment alternative
With this solution, Movilway addresses a critical need since currently online businesses only reach the 30 percent of the Latin American population that have bank accounts. It also helps people overcome security concerns, since it does not require users to provide any financial information.
“Movilway’s vision is to promote financial inclusion in Latin America. MoviPin is a fundamental step in this direction, since it allows the unbanked population to participate in the e-commerce market. MoviPin will be available at Movilway regional point of sale network, which comprises more than 80,000 small businesses in more than 12 countries.
MoviPin purchased in a country can be used in any site on the Internet
- In order to use it, people must go to a Movilway point and buy their pin code using cash.
- Then, the user can use the pin code in virtual stores to pay for the goods.
- The amounts of MoviPins are limited in order to prevent fraud.
