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Paycode

Paycode & SG Newtech: the partnership shaping the future through digital transformation



We're excited to announce a new partnership with DRC-based technology solutions company, SG NewTech. SG NewTech provides provides core banking solutions, ERP and mobile applications to financial institutions such as banks, MFI’s, credit unions, and fintechs and we're working with them in the DRC to drive digital transformation and shape the future of financial services.


The Paycode & SG Newtech Partnership Solution


This partnership focuses on digitally transforming microfinance institutions (MFIs) by empowering the communities they serve, ensuring digital financial services are accessible within these communities. By creating more efficient operations, the solution allows MFIs to run auditable, process-driven businesses, enabling them to provide the best service to their customers. 


Our strategy includes:


  • Digitising office and branch operations

  • Enabling branchless banking

  • Merchant acquisition

  • Providing transaction tools in rural areas with minimal network connectivity



Benefits of the Paycode & SG Newtech Partnership Solution


We offer digital products and services for MFIs that cater to individuals and SMEs across the Democratic Republic of Congo (DRC). The solution significantly enhances system integrity through biometric digital identity and authentication solutions and provides agency banking services closer to communities.


Key benefits include:


  • Digital biometric identity

  • Works offline in real-time

  • Dual biometric & EMV POS device

  • Enabling access to savings and credit products within local communities, eliminating the need for long-distance travel

  • Reaching rural areas at a lower cost and deepening financial inclusion

  • Seamless operations in both urban and rural areas

  • World-class solution available to MFIs at a fraction of the cost


Our end-to-end digital services encompass:


  • Shared core banking and wallet platform

  • Scalable and flexible open business management ERP

  • Offline biometric transacting

  • POS hardware and applications

  • Mobile and web applications

  • Management information systems

  • Cloud-based managed testing and test automation service

  • BAU support


Our professional team of designers and developers listen to clients and build systems tailored to their needs, driving greater customer loyalty and retention while providing additional revenue streams and savings. This award-winning solution fosters sustainable financial inclusion, enabling any microfinance institution to reach the 'Last Mile.'


Features of the Paycode & SG Newtech Partnership Solution


  • Real-time data and data analytics for determining risk profiles

  • Cloud acquisition and diversification of customer base with value-added services

  • Integration and interoperability

  • One-stop shop core banking transformation service

  • Go live and remain live confidently, saving costs, time and operational risk


By combining our expertise, Paycode and SG Newtech are setting new standards in digital financial services and driving digital transformation across the Democratic Republic of Congo.

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