Banking software: Cyclos the ideal solution for banks & MFI’s

The Cyclos banking software is used by various banks in Africa, Indonesia and Bangladesh.
More than 4.5 million people have Cyclos banking account.

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 currently licenced in the countries Botswana, Burundi, Uganda, Rwanda, Kenya, Ghana, South Africa, Zambia, Malawi, Tanzania, Cameroun and Jordan

Banking software

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. It is therefore 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. This makes cyclos the ideal banking software for not only starting and small banks, but also for large banks with millions of customers.

Cyclos is ideal for large MFI’s looking to expand their service.

Cyclos allows us to give financial services to over one million end users with only their phone. After extensive market research we found Cyclos to be the best mobile banking system available. Not only is Cyclos the most stable and production ready solution, it also has an unrivaled feature set. Quality and standards are very high, with a pro-active and dedicated team of highly motivated staff to maintain and improve Cyclos over time. Over the past several years we have closely interacted with the team to customize and improve the solution to the sub-Sahara African market’s needs. The Cyclos team has done a great job growing the scalability of the system.

Marko Edzes – CTO WOS group –
E-Pay Innovation Award Winner

Award winning payment software

As early as 2014 the payment industry awarded Cyclos at the TRANSACT conference for being the most innovative payment software.