Mobile Financial Inclusion

Mobile Financial Inclusion

mobile financial inclusionThe World Bank defines financial inclusion as "that individuals and businesses have access to useful and affordable financial products and services that meet their needs (transactions, payments, savings, credit and insurance) delivered in a responsible and sustainable way".

For the approximate 2.5 billion people around the globe - the world's unbanked - financial inclusion can seem an almost impossibility.

irisguard's technologies can help to bring financial inclusion to individuals, families and communities who sit outside the traditional banking sphere, providing them with a 100% accurate and secure digital identity, facilitating the use of iris-enabled ATM cash machines, retail POS and Android mobile devices.

In exactly the same way as a customer with a card and PIN number, the iris-enabled hardware authenticates identity using the iris and authorises a financial transaction in less than three seconds. 
The cash withdrawal or grocery shopping is almost identical to a card and PIN transaction, so not singling out the unbanked and providing them with assured dignity.

The revolutionary EyePay® Phone brings together the expertise of irisguard with the portability and connectivity of an Android mobile, providing financial inclusion on the move and bringing even more dignity to the world's unbanked.