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.Â
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.