Banks & MFIs
Cyclos is used by banks as a payment platform to offer their customers mobile banking and to roll out branchless banking at low costs, using: online, SMS, IVR*, USSD* banking and the Cyclos mobile app.
The entire service layer in Cyclos 4 is accessible via web services. This allows banks and MFIs to interface Cyclos with the other software they use. And therefor it is also possible to connect to existing POS systems or to the loan administration software of the MFI. As a result of the flexibility of Cyclos it is also used by clients to offer inter bank mobile payments.
The application and database server can be clustered, creating a scalable and reliable platform. Cyclos can handle millions of users all paying in a short period of time.
We have been working now for seven years with Cyclos. We have seen it grown to the fully featured product it is now. Over the years we could flawlessly implement new modules such as mobile banking and customer relation management. The API enabled us to integrate with third party software products. The Cyclos team always responded quickly to any issues we encountered. Besides that, they were very receptive to our feedback and suggestions to improve the software. We were happy to find so many improvements and new modules in the new Cyclos 4 version. We highly recommend Cyclos to any trade exchanger that requires a flexible and stable platform.
Koen de Beer – CEO Punto Transacciones
Providing credit to more than thousand small businesses in El Salvador
Your achievements are a source of pride and inspiration to all of us. We are all delighted to know that so many others appreciate your outstanding work as much as we do. We believe that this modest sum will bring you closer to your goal of banking the entire unbanked world!
Patrick G. Ngabonziza – Group CEO, MobiCash
MobiCash is licensed by: Banque de la République du Burundi, Centrale Bank du Congo, National Bank of Rwanda, Bank of Uganda and Bank of Botswana.