Fintech Solutions
Kang Consultancy is a licensed Qualified Electronic Money Provider, authorized to offer digital payment services and e-money issuance.
Here are some of the services that we offer in Fintech
Mobile money integration
E-wallet systems
POS systems
Agency banking solutions
API-based payment platforms
Mobile money integration
Mobile money integration refers to the process of connecting mobile money platforms (like Kang FS, M-Pesa, Airtel Money, or Mobile Money) with other systems or services to enable seamless financial transactions. Here's a quick summary:
It involves linking mobile money services with banks, apps, payment gateways, or business systems for sending, receiving, or managing funds. To enhance financial inclusion, simplify payments, and support e-commerce, especially in regions with low banking penetration but high mobile usage.
E-wallet systems
E-wallets, or digital wallets, are electronic systems that allow individuals to store, manage, and use their money digitally. They facilitate cashless transactions via mobile devices, computers, or other internet-connected platforms.
Key Features:
Secure storage of payment credentials (e.g., credit/debit card info, bank account).
Convenient transactions, including online shopping, peer-to-peer payments, and in-store purchases using QR codes or NFC.
Authentication methods like PINs, biometrics (fingerprint, facial recognition), or two-factor authentication to enhance security.
POS systems
A POS system (Point of Sale system) is the combination of hardware and software that businesses use to process sales transactions. Here's a quick summary:
Key Components
-
Hardware:
POS terminal (computer, tablet, or touchscreen)
Barcode scanner
Receipt printer
Cash drawer
Card reader
2. Software:
Manages sales, inventory, customer data, and employee activity
Provides analytics and reporting
Agency banking solutions
Agency banking solutions refer to a banking model where financial institutions partner with third-party agents (like retail stores, post offices, or mobile money agents) to provide banking services on their behalf, especially in underserved or rural areas.
Key Points of Agency Banking Solutions:
- Purpose:
Expand financial access to areas without physical bank branches.
Improve convenience and reduce costs for customers and banks.
2. Services Offered:
Cash deposits and withdrawals
Bill payments and loan repayments
Balance inquiries and mini-statements
Fund transfers
Account opening (in some cases)
API based payment platforms
API-based payment platforms are systems that allow businesses to process payments by integrating directly with their services using Application Programming Interfaces (APIs). Here's a summary:
API-based payment platforms provide a set of tools (APIs) that developers can use to:
Accept payments (credit/debit cards, digital wallets, bank transfers)
Manage transactions
Handle refunds
Perform authentication and security checks