News from the Wire

TagPay mobile banking platform on display at Money20/20

Friday, October 21, 2016 — 12:48:41 (EDT)

Paris and Las Vegas, Oct. 21, 2016 -- TagPay is being used to build the banking infrastructure of the last mile. The TagPay mobile digital banking platform allows banks to capitalize on mobile phone penetration in emerging countries and offer digital financial services to anyone with a phone, no matter the telecom operator.

McKinsey’s report on digital finance in emerging countries shows that by providing digital financial services directly on the mobile phone, emerging economies will see $3.7 trillion added to their GDP within the next ten years. TagPay is the first mobile-centric core banking system. Hosted in the cloud, and operating in real time, TagPay powers a complete set of digital financial services. TagPay is being used to build the banking infrastructure of the last mile in 20+ countries, with a strong footprint in Africa.

With TagPay’s NSDT technology, any phone becomes a contactless payment tool. TagPay allows all transactions to be made digitally, without having to revert back to cash for payment.

Banks and financial service providers that use TagPay can build agent networks, far from bank branches, and follow operations in real time from headquarters. With agent networks and mobile accounts, mobile financial services become accessible, close to where people live.

TagPay will be at Money2020, at stand 740, from October 23rd to October 26th

Please contact TagPay’s Head of Marketing, Estelle Eonnet, if you would like to meet: estelle.eonnet@tagpay.fr .

About TagPay: TagPay, a French company founded in 2005, is a provider of a next generation, BtoBtoC, mobile-centric Core Banking System. TagPay is used by banks and telecom operators that wish to develop their digital mobile banking solutions.

TagPay’s mobile digital banking platform, is multichannel, independent from telecom operators, and works with any mobile device. This solution enables customers (banks, telecom operators, financial service providers) to offer their end-users a wide range of financial services (money transfer, merchant payments, bill payments, cash in/out transactions…) without having to go to a bank branch. TagPay uses several technologies (SMS, USSD, IVR...) and guarantees a high level of transaction security through its patented technology: NSDT (Near Sound Data Transfer). With NSDT transactions are secured and validated via an electronic signature that takes the form of an audio exchange between the mobile phone and a terminal, a POS or ATM. NSDT transforms all phones into banking tools, notably to make contactless (audio) payments in stores or on e-commerce websites.

The TagPay solution is rolled out via a cloud-based architecture for greater efficiency and to enable remote deployments. TagPay has 20 customers in over 20 countries. TagPay was founded and is led by two payment and telecom experts, Yves Eonnet (CEO) and Hervé Manceron (COO). The company currently has 20 employees.

For more information, you can visit www.tagpay.fr .

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Source: Company press release.