Financial Inclusion: Huawei Unveils Mobile Money Solution

Global technology company, Huawei, has unveiled its Mobile Money solution, saying it provides accessible services to expand customer and enterprise bases, and serve underbanked, unbanked, and small-to-medium enterprises.

This was disclosed during a presentation at the 4th edition of Zenith Bank Tech Fair – an annual gathering to showcase leading technological innovations that cut across artificial intelligence (AI), cybersecurity, risk management, compliance and financial intelligence.

In his presentation at the fair, Huawei’s Chief Solutions Architect, Qiu Yao, demonstrated how current financial institutions battle challenges such as providing a one-stop financial platform to manage transactions, accelerating revenue growth, as well as reducing competition with FinTechs in the industry.

Hence, the Huawei Mobile Money solution is the Super app, which consolidates all mini-apps and features into a single application to better improve user experience.

“There is also no limit on the number of apps to be hosted on it as it is cloud-hosted, hence, scalable.”

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In a separate presentation, Huawei explained the trends in the banking industry, which gave rise to the Bank 4.0 Trend. To prepare a better environment for enterprises to provide solutions, Huawei focused on its IT offerings that allow for non-stop banking with “4 Zeros” feature namely – Zero-Downtime through high availability, Zero-wait to improve customer experience, Zero Trust to ensure end-to-end network security, and Zero Touch to improve business operations.

Meanwhile, one of the IT offerings by Huawei includes the Digital Map- a unique self-built solution to enable the network to transform management operations from autonomous to intelligent for non-stop banking.

Similarly, the firm, one of the leading providers of ICT network infrastructure, is committed to bringing digital innovations to every home, person, and organization for a fully connected, intelligent world.