Es Solo can provide card issuing, manufacturing, fulfillment, distribution, processing, AML/CFT/Sanctions compliance, card network (Mastercard/Visa/UPI) membership processing, card program administration and business intelligence tools, cardholder web portals and cardholder mobile applications, all with no up-front investment from banks or other FIs interested in entering the card issuing space. Through the delivery of this platform, Es Solo eliminates the traditional barriers that have kept certain banks and FIs out of this space in the past.
Banks and Other Financial Institutions
Banks and other financial institutions (FIs) in developing markets often focus on the fundamentals of financial commerce: lending and retail banking. Es Solo brings such institutions the opportunity to expand their range of product offering to include card issuing and international remittances without the typical investment required.
For banks and other FIs interesting in expanding the scope of their revenue inflows, Es Solo offers the following solutions:
Agency banking capabilities
Building upon the prepaid card program, Es Solo’s online and mobile tools can enable banks and other FIs to maintain physical presences in geographies that were previously cost-prohibitive. Through its development of a fully web-compatible card program management platform, Es Solo client banks and other FIs can perform basic prepaid card operations such as account opening, KYC collection and processing, balance inquiries, card-to-card transfers and card account deposits and withdrawals, all without the need for a brick-and-mortar bank branch necessary.
International transfers and remittance
Es Solo’s global network of banks, accessible via multiple third-party processors, enable banks and other FIs without access to international financial networks with the ability to open this pathway to revenue while ensuring that the correspondent bank is appropriate for the needs of Es Solo’s bank/FI client.