Smartec’s SMART Solutions are dedicated to the ‘unbanked’ or
‘under-banked’ section of the population – those who have limited or no access
to traditional banking facilities. Innovative and affordable products and
services are available that offer maximum security for all financial
transactions.
Smartec`s compact and very mobile Stand Alone Dispensing Unit is ideal for wage
payments and for dispensing any form of social grants. The employer benefits as
bank fees and labour costs are reduced and the employee profits as account
payments and money transfers are more accessible and their money is kept secure
through biometric fingerprint identification. Employee productivity is
guaranteed to increase as staff members are supplied with additional member
wallets on the client smart card and interest-bearing savings wallets.
Corporate and social responsibility channels have also been made easier through
this process. The system creates a secure and affordable way for formal
businesses or governments to give grants, encouraging the participation of
social grant beneficiaries in the economy of their countries. Previous
inefficiencies are eliminated and the lifestyles of all involved are improved.
Grant beneficiaries are more likely to make transactions through this system as
it is convenient, secure and functional – there is no need to stand in long
queues or pay exorbitant amounts for transportation.
Smart Solutions products were primarily designed for the ‘unbanked’ market
segments; however their innovation, convenience and security are arousing much
interest in the ‘banked’ sector.
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