Bancore is an operational, scalable mobile payments company founded in Denmark, and the owner of an award-winning custom-built Payment Platform that features all functionalities needed for non-cash, global electronic payments by mobile phone.
Bancore’s award-winning technology enables us to settle transactions with 750 million Africans and most companies on the continent. Bancore provides a clear path for B2B and B2B2C companies anywhere in the world to tap into the profit pool of African payments.
Bancore already has successful operations in Nigeria and surrounding countries, and an expanding roster of SME customers. Bancore recorded a 2019 transaction volume of Eur 100M, which almost doubled in 2020, making us the 3rd largest Payments processor in Nigeria.
We are the only mobile payments technology company that completes a remittance/payment transaction by issuing a prepaid VISA or Mastercard as an access option for the beneficiary. The exact amount sent is remitted instantly to the recipient’s mobile phone-based prepaid card, where it can be accessed immediately. Users thus enjoy the benefit of being able to use the card as their everyday payment card.
Bancore’s prime Sustainable Development Goal (SDG) is to help remove main obstacles to economic growth in emerging markets, which include fraud and financial exclusion. We will do so by “financially including” the 2.5 billion unbanked/underbanked consumers around the world and offering them bank-like payment methods that will both save them money and give them access to the modern world economy.