Chinese technology company Huawei has introduced a new solution to fuel financial inclusion.
The solution was launched at Huawei CONNECT 2021 event.
It covers mobile wallet, mobile payment platform, super app open framework, and financial product platforms. The capabilities will help the financial institutions to roll out various financial services.
The company offers multiple channel technologies to enable the lenders to reach customers cost-effectively. It also helps the smaller businesses to enhance their digital operations.
Huawei’s financial product platform enables carriers recommend users to banks. This allows the financial institutions to offer embedded financial products directly to users.
The offering portfolio also includes a cloud-native SaaS solution supporting open APIs. This enables banks explore new services as well as aggregate different systems to launch joint projects.
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By GlobalDataIn a statement, Huawei said: “Huawei aims to deliver convenient and diverse financial services to everyone. Using its advanced connectivity and platforms, Huawei helps financial institutions build digital business processes, implement digital financial inclusion services, and achieve sustainable financial development.
The company has served more than 30 sites across more than 20 countries.
Its clientele includes KBZ Bank in Myanmar which developed a digital wallet called KBZPay in collaboration with Huawei. The wallet is based on public cloud.
Huawei also helped Kenyan mobile network Safaricom to build a payment brand called M-Pesa.
