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Migrant workers comprise a significant proportion of the financially underserved market and struggle to find banking and financial services that align with their lifestyles. Hectic work schedules, limited proximity to bank branches, high transaction fees, low financial literacy, and the global pandemic have widened the gap between migrant workers and sustainable, simple, convenient banking solutions.
However, the banking and financial services industry has undergone significant changes. Innovative technologies now connect underserved segments with their banking needs without compromising convenience or service quality. Modern banking technologies, which rely on advanced APIs, can integrate smoothly with a growing number of fintech providers. This integration enhances banking products, services, and ultimately, the customer experience.
The impact on migrant workers has been substantial, improving their access to tailored solutions. With the widespread use of smartphones and online connectivity, financial service providers now enable customers to bank from anywhere. Optimized workflows make it easier for low-income households to navigate and access these services.
Large-scale housing organizations have a unique opportunity to foster financial inclusion by connecting their residents with modern mobile-based financial services.
To spearhead financial inclusion for migrant workers in the Asia-Pacific Region, Codebase Technologies has partnered with Centurion Corp, a leading large-scale housing provider, to deliver Digibanc™ SocialPay. This cutting-edge, mobile-driven peer-to-peer payments solution will provide key financial services for Centurion Corp’s vast network of workforce residents.
Digibanc™ SocialPay from Codebase Technologies is a mobile-driven peer-to-peer payments platform that enables users to manage their finances at no cost, directly from their favorite social media and messaging applications. The platform will empower Centurion Corp residents to send and receive funds, check balances, pay bills, and initiate cardless cash withdrawals from an intuitive, user-centric platform that marries the convenience and accessibility of smartphones with the robustness of modern-day banking.
The multi-phase partnership will empower Centurion Corp residents in APAC and beyond with seamless home remittance and robust payments capabilities accessible anytime, anywhere.
Tagged:
- apac, financial inclusion
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Samier Khan, Managing Director APAC
A Business Leader with deep expertise in business management strengthened by intellectual curiosity and grounded in real-world technical experience, providing the foundation for next-generation ideas, development, and implementation.
