Banque Populaire de Mauritanie (BPM), one of the leading banks in Mauritania launched a mobile banking service called Bankily earlier this year.
The service has received a positive response from consumers. With banking penetration around 30%, Bankily is helping to modernize banking and payments in Mauritania and encouraging financial inclusion in the country. The service is powered by Comviva’s mobiquity Banking Suite.
Bankily brings a digital revolution in the banking industry of Mauritania by enabling people to open and manage bank account, transfer money and make payments using mobile phones.
Bankily users can deposit money into and withdraw money from Bankily account through Bankily agents, BPM Bank branches and BPM ATM spread across Mauritania.
With Bankily, users can easily and instantly do a host of financial transactions digitally including transferring money, paying electricity and water bills, buying phone credit, paying merchant, crowd-funding (mobile tontine), ordering a checkbook, and bank card, checking account balance, and generating an account statement.
Bankily offers diverse ways to make money transfer – using recipient’s mobile number, or selecting recipient from the Facebook contact list, or via contactless payments using NFC and QR Code. The recipients receive a notification or message with a transaction code. Non-Bankily users can withdraw the money transfer in cash using the transaction code at Bankily agents, BPM bank branches or BPM ATMs.
Elaborating on Bankily, Mohamed M’Rabih Rabou, Chief, Digital Banking Services at Banque Populaire de Mauritanie said “Through Bankily, BPM aims to extend financial inclusion and banking penetration in Mauritania. The product aims to make the opening of a bank account accessible to all Mauritanian citizens regardless of their geographic location and purchasing power.
“This mobile banking service fully supports the measures undertaken by the Central Bank of Mauritania to modernization and digitize the means of payments in the country. We are happy to partner with Comviva for offering Bankily service and meet the financial aspirations of our customers.”
Srinivas Nidugondi, Executive Vice President and Chief Operating Officer, Mobile Financial Solutions, Comviva said “Digital technology is transforming the banking industry and Comviva is enabling this transformation for banks and financial institutions globally. In Mauritania, we are carrying forward this digital revolution with BPM through the Bankily service, delivering quick, convenient and secure digital banking and payment services to Mauritanians.”
