Interoperable Real-time Payment Switch for MFIs and their Clients
A single point of integration for MFIs and digital payment providers
A participant-governed, shared and open platform for financial institutions to transact with each other more easily and cost effectively.
A platform shared by microfinance institutions (MFIs), mobile wallets and banks
The platform grew from the desire of the Myanmar MFI industry to provide real-time loan repayment through a diverse set of mobile money service providers. Leading MFIs discovered that a standard product offering would reduce cost and simplify the education of loan officers and customers, making transaction scale possible. The MFIs know that the system will only work with the wallets that are also incentivized to participate, so they were invited to join the governance as well.
We aim to include low-income Myanmar citizens in the digital economy by transforming Myanmar MFIs into digital financial institutions through industry-wide projects.
Our mission is to drive financial inclusion by providing low-cost rails to connect the financial institutions that serve Myanmar’s financially excluded populations.
Our use cases focus on payments that most effectively serve the underbanked.
WynePay aims to include low-income Myanmar citizens in the digital economy by transforming Myanmar MFIs into digital financial institutions through industry-wide projects.
Digital Loan Repayment
Repayment against a loan by a customer to the lending MFI.
Digital Loan Disbursement
Disbursal of a loan by an MFI to a customer using two mechanisms: disbursal to a mobile money wallet, and disbursal via an OTC transaction at an agent.
Electronic Cash Transfer (ECT)
Electronic Cash Transfer (ECT) from the Government or an NGO to a list of beneficiaries. These beneficiaries may or not be customers of MFIs.
Make disbursement or accept repayments from the borrowers despite the different mobile wallets
Need no other additional work from other participants
Make transactions without any delay
Enable decision making and set rules among the participants
What Makes Us Different?
A first ever initiative of Bill and Melinda Gates Foundation’s Financial Services for the Poor (FSP) program
A very first interoperable real-time payment switch platform in Myanmar
An infinite passion for financial inclusion
WynePay is trusted by leading financial service providers in Myanmar.