Use Cases
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.
Loan Repayment
Use Case #1
MFI Client
Agent or Wallet
MFI System
-
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.
Loan Disbursement
Use Case #2
Bank
Loan Officer
MFI System
MFI Client
Wallet
-
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
Sender
Sender's Bank
Beneficiary
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.
Roadmap
Future Use Cases
Building a path to industry digitization
...one use case at a time