Equiticard is closed loop system is a holistic financial inclusion solution for rural communities.

The Equiticard mobile payment platform provides unparalleled mobile payment and bill paying transaction functions. Imagine a mobile payment platform that has full Internet banking functionality, is linked to a bank (not a telco), is integrated within the national switch, has a chip card so it can be used at any POS Terminal to purchase goods or at any ATM throughout the country.

The Equiticard platform is supported by dual SIM POS terminals which improve cash flow for shops by allowing cashless purchases. Marketing POS terminals provides revenue to fund a sales team to establish POS Retail Agents throughout the country to stimulate transaction volumes. The POS Retail Agents earn additional revenue by opening bank accounts for their customers and servicing transactions.

POS Retail Agents are supported by a conveniently located Micro-Branch which acts as a Master Agent Hub that incorporates an ATM and has larger cash reserves available. The ATM’s incorporate highly innovative cash recycling technology, they not only issue cash but also accept and validate notes and then make them available to be issued. This technology reduces maintenance costs and improves a level of service to the customers that could not otherwise be provided in rural locations.

The Rural Development Bank Micro-Branches are located within the the Innoauto Transport Association branches which also include Collect Depot for the safe and secure storage and dispatch of POS equipment to InnoCourier operators to deliver as they provide sales and support for an additional income stream.

This network of affordable infrastructure provides significant support for the rural community an farmers in remote locations who can now have access to mobile and Internet banking in addition to ATM and POS to instant transactions without hefty bank fees.

We are very much looking forward to making a significant contribution to the banking infrastructure, the financial inclusion deficit and to stimulating the local economy of rural Ghana, Nigeria and South Africa.