Microfinance Institutions (i.e. Rural Banks, Credit Unions, Cooperatives, Susu Collectors) are unable to provide digital financial services to the unbanked due the high cost of tailored financial technologies, IT infrastructure and poor internet connectivity.
Opanet is an open banking infrastructure built on distributed ledger and AI technologies and deployed over the globally accessible SS7 network without internet connectivity to facilitate innovation and collaboration among Innovators, Microfinance Institutions and partner banks to reduce time and capital expense to deliver financial services to the unbanked.
1. Saves time and reduce capital expense.
2. Accessible anywhere without internet connectivity.
3. Increase deposit mobilization
4. Increase controls and prevent fraud