Digital wallet powered by Wallet Factory for its client The Belize Bank Ltd received high recognition as one of the best nationwide eWallet platforms for merchants and end consumers.
Belize, Belize Dec 22, 2022 (Issuewire.com) - The Belize Bank Limited (BBL), the largest full-service commercial bank in Belize that provides a wide range of banking and financial services, announced that it has scored a Silver Award at the ninth Global annual Qorus-Accenture Banking Innovation Awards 2022 during a live ceremony in Barcelona. The prestigious award was received as a recognition for its nationwide eWallet platform E-kyash powered by Belize Bank in the Social, Sustainable, and Responsible Banking category.
With new digital wallet app functionality supported by Wallet Factory, E-kyash gained a competitive edge and won a coveted prize. As an innovative FinTech services provider, Wallet Factory helps accelerate the digital transformation in Belize by delivering mobile-first software solutions to serve the growing demand for digital payments from banks, merchants, and customers.
Agata Ruta, COO at BBL, commented: "We are glad to see our customers use E-kyash on a daily basis. They can receive salaries, make purchases, pay bills, and transfer funds in real-time. Our app facilitates payments for the Government of Belize and merchants via direct integrations. Also, Belize Bank supports its clients by bringing modern financial services to Belize, reducing cash in circulation, at the same time increasing financial transactions security in the country."
The countrywide expansion of the digital wallet is aimed at reaching the unbanked population to fulfill Belize's financial inclusion strategy. The mobile wallet offers multiple functionalities and services on a single platform for various user segments as billers, merchants, customers, and agents.
Mikhail Miro, CEO at Wallet Factory, assured: "Getting awarded for the products wide audiences use is the greatest feeling! We will keep providing the best-in-class solutions to our clients with end-to-end payment and loyalty programs for customers and business users."
A FinTech provider of digital finance services and enterprise-grade platforms. Wallet Factory enables financial businesses of any size with access to digital opportunities, like market-ready eWallets, payment solutions, card tokenization, customer loyalty programs, and more.
Belize Bank's E-kyash was launched on August 6, 2021, and currently has over 45,000 users bringing financial inclusion to the Belizean market. E-kyash is the best alternative to cash allowing customers to complete the transaction immediately in a safe and secure way.
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Source :The Belize Bank Limited
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