... brings people together to create wealth
Rainbow works for People
The Rainbow Interchange, enables people to convert cash into e-money. Developed over the last five years, Rainbow also creates links between banks that enable ordinary people to send individual remittances to friends and relations anywhere, instantly and more cost effectively than ever. With banks, retailers and consumers as customers in three countries, the Rainbow network is vibrant and growing.
Rainbow works for Banks
The application of this technology not only benefits people, but also offers other Banks and Mobile Networks a new platform, enabling them to offer new services to existing customers and to profitably reach into unbanked communities.Rainbow offers a choice of access points and media. Account
holders can use cards, phones and online accounts as well as ordinary current
accounts, all linking through the Rainbow’s platform to ATMs and Point of Sale
terminals across the Rainbow Network.
The Rainbow Interchange makes it possible for each MTO to attract and retain more customers in a highly effective manner. By improving services, minimising administration costs of running their businesses and meeting regulatory requirements, Rainbow offers MTOs the chance of improving profitability whilst reducing costs to consumers. Furthermore, the flexibility of the Rainbow platform enables MTOs to extend their services way beyond their existing remittance corridors in an inexpensive and fully regulated manner.
The Rainbow pre-paid platform offers a better way to
receive payments and to pay wages. It also creates a new revenue stream with
commissions from card sales and financial transactions that add to the
profitability of each business.
For Micro-Finance Institutions
The ability
to provide loans and to collect payments electronically helps to streamline
administration costs. Adding the ability to send and
receive money domestically and internationally is an important added value
service to customers and to the development of the financial security provided
by the microfinance sector.
Click on the links opposite to learn more about Rainbow’s new service.
Find out how it saves you money, opens up new
opportunities and enables you and your customers to grow.
