Realize the dreams of the financially excluded. Bringing Microfinance into the Main Stream
Microfinance, a perfect idea, must be executed with perfection. The ability to not only have banking facilities on mobile phones, but for the bank itself to be mobile within the rural settings, takes mobile banking and microfinance to a whole new level.
The rural population can now have access to funds as well as gain the resources to know how to best handle it, at minimum cost to the financial institution. By eliminating any form of intermediaries between the bank and rural clients, the avenues to build long-term relationships with clients expand.
BOMTech products provide a perfect complement to a strong, fruitful and economically beneficial relationship that will reach great heights as the lifestyle of the new customers improves.
Reach out to customers in remote areas without opening branches and service them through the ubiquitous mobile phone: Overcome branch capacity/ location constraints and cut servicing costs
Plan that big thrust into rural banking and microfinance by providing instantaneous service to all your customers irrespective of minimum balance maintained.
BOMpassbook has developed proprietary software that can be loaded on normal phones and work on Short Messaging System (SMS) connectivity. An exceptionally effective solution to increase your reach and bring down service costs dramatically.
Imagine providing customers in areas far away from a bank branch a passbook that is updated real time whenever the account is transacted and gives access to cash withdrawal/ deposit. Passbook that contains information on loans, savings accounts, crop prices, input costs for rural areas whatever, we will customize to your requirements.
Imagine no reconciliation problems for the millions of accounts of the financially excluded whom you can now service!
Imagine the savings, for integrating this BOMTech solution costs less than the cost of setting up one, yes just one bank branch.
No changes need to be made to your existing IT systems so no disruption to your services. And we provide full onsite support for installation and maintenance of our proprietary interface and applications PIN protected, just like ATM transactions and transmissions are all encrypted.
Your financial details are with your Bank and on your phone- we do not have access to any of your banking information. We value your privacy
So no worries if the phone is lost. Details can be updated by SMS as soon as the customer loads applications on a replacement phone..
BOMPassbook applications are yes/no menu driven and as intuitive as the phones now being used by millions all over the world irrespective of culture, education, climate.
Truly a Bank In Your Customers Pocket
Now in Everyones Pocket