Bancore essentials

Payments

PCI-compliant program management

Award winning certified prepaid VISA and Mastercard program management platform providing instant issuance of virtual prepaid cards and plastic cards.

A combined VISA/Mastercard and eWallet

Utilizing VISA and Mastercard to provide a combined open-loop and closed-loop platform with access to more than 45 million points-of-sales, eCommerce and ATMs globally, while providing a closed-loop environment with low-cost micro-transactions.

Global instant settlement switching

Bancore’s internal switch is directly integrated with GTP, Nigeria’s central bank switch, XE.com, MFS, Interswitch, RIA and our licensed currency exchange. This gives banked users global access to settlement to a bank account,microfinance bank account, eWallet – or an unbanked user the capability to instantly issue a virtual card.

All-in-one Payments platform

All 3rd party payment service providers, the payment switch, the communications module (SMS, USSD, Email, App and Web) and the option of a co-branded prepaid VISA/Mastercard are all offered to consumers, enterprises and the public sector in standard templates or an open API.

MarketPlace

Online multi-channel shop

An online shop with carefully selected products and services that will make the consumer want to onboard and become active. With support of Web, Mobile, App, USSD and WhatsApp it is truly a multi-channel approach.

MarketPlace as an activation tool

Bancore has preloaded the MarketPlace with a wide range of relevant services to motivate its active usage by prepaid card holders. These services include utility bill payment, prepaid airtime globally, global remittance via RIA, phone handsets and solar panels on instalments, global P2P (card2card) remittance, and insurance products developed by Allianz for Bancore.

No additional logistics or credit risk

While Bancore has pre-loaded a batch of relevant products and services on the MarketPlace, the provisioning of these services are by 3rd parties, while Bancore acts as a sales agent and the payment facilitator.

Open MarketPlace platform

To ensure user activation, Bancore has pre-loaded a range of game changing products and services. In addition, the MarketPlace is an open platform with 3rd party merchant access.