FINCA Microfinance Bank’s SimSim Wallet received the “Seamless Banking Experience of the year” award for their digital financial services at the Seamless Awards Asia held in Singapore in April 2017. FINCA’s SimSim mobile application, is powered by AutoSoft’s AutoMWALLET – Branchless Banking Solution.
Seamless Awards Asia are the leading awards for ecommerce, payments and the retail industry in Asia. They had 12 categories of awards for excellence in ecommerce, retail and payments innovations. FINCA Pakistan was shortlisted for the Seamless Banking Experience award against ANZ Banking Group Australia.
SimSim is a Telco-agnostic digital wallet which facilitates a frictionless customer on-boarding experience, allowing a wallet to be opened in under a minute simply using one’s smartphone. The wallet is connected to all leading Pakistani banks allowing for quick loading and transfer from and to any other bank account in the country. The system processes real-time QR based payments to over 200 merchants in Pakistan, top-ups, bill payments, direct P2P transfers and much more. In addition, SimSim wallet is integrated with other 3rd party agent networks e.g. UBL Omni providing broader reach to the banks customers.
SimSim provides a complete ecosystem for its customers, which was previously missing in the industry, thus motivating its users to retain funds in their wallets by providing many compelling use-cases. AutoSoft is Pakistan’s only SAP OEM partner for their Mobility Solution (SAP Mobile Platform Consumer Edition) in Pakistan. AutoSoft is dedicated to offer its clients a best of the breed Branchless Banking ecosystem that is fully integrated with its tried and tested core banking solution and various banking plug-in’s for micro lending, savings and remittances.
FINCA has its presence in 94+ cities with 105 branches in Pakistan and by using SimSim; the bank is well positioned to extend access to financial services for the un/under-banked through its digital financial services strategy nationwide.
Congratulations to the teams of FINCA, AutoSoft and FINJA who have collaborated to bring this product to market in unprecedented timelines.