WynePay will start with a digital loan repayment use case when it first goes live, followed by digital loan disbursements, and electronic cash transfers later.
Use Case #1
Agent or Wallet
MFI client can use any connected agent or wallet to enter account id.
Information on loan is immediately returned for verification.
Payment is immediately cleared with notifications to user.
Use Case #2
MFI Loan Officer initiates a disbursement to a registered client.
MFI System routes request through WynePay which looks up the user.
Payment is routed to the wallet and immediately cleared.
Electronic Cash Transfers (ECT)
Use Case #3
Beneficiary ID System
MFI, Waller, Bank
Sending institution initiates a disbursement through their bank.
Beneficiaries account details are looked up through the WynePay system.
Payment is routed to their pre-selected preferred account.
Future Use Cases
Building a path to industry digitization
...one use case at a time