Banks & MFI’s
Cyclos is used by various banks in Africa, Indonesia and Bangladesh.
More than 4.5 million people have an account.
Your achievements are a source of pride and inspiration to all of us. We are all delighted to know that so many others appreciate your outstanding work as much as we do. We believe that this modest sum will bring you closer to your goal of banking the entire unbanked world!Patrick G. Ngabonziza – Group CEO, MobiCash
Banks & MFIs
Cyclos is used by banks as a payment platform to offer their customers mobile banking and to roll out branchless banking at low costs, using: online, SMS, IVR*, USSD* banking and the Cyclos mobile app.
The entire service layer in Cyclos 4 is accessible via web services. This allows banks and MFIs to interface Cyclos with the other software they use. It is therefore possible to connect to existing POS systems or to the loan administration software of the MFI. As a result of the flexibility of Cyclos it is also used by clients to offer inter bank mobile payments.
The application and database server can be clustered, creating a scalable and reliable platform. Cyclos can handle millions of users all paying in a short period of time.