The scale of global mobile payments transactions is expected to rise to more than $1.3 trillion annually by 2017. In emerging markets, mobile payments solutions have been deployed as a means of extending financial services and mobile banking to the community known as the “unbanked” or “underbanked,” with these networks often used for micropayments.
bCODE provides the enabling technology for extending mobile payments, mobile money and mobile wallet offerings by banks, telcos and others. Even retailers, brands and hospitality can create their own payments solution by setting up closed loop payment networks. bCODE uses SMS for feature phones, in-app push for smartphones or USSD, which means that our technology provides companies with a solution that can access every mobile user on the planet.