Emergent Payments intends to work with qualified FSPs by providing them with the technology and support needed to migrate and digitize existing and new ISMs onto Maximus. The digitization is expected to help FSPs expand product and service offerings, reduce cost of transactions, increase customer base and deposits, and to increase profitability of engaging ISMs in rural and peri-urban communities in Ghana in a sustainable manner.
CRITERIA FOR SELECTION
The FSPs must meet the following criteria:
1. Licensed by Bank of Ghana
2. Significant operations in peri-urban and rural areas
3. Availability of mobile money agents in peri-urban and rural operational areas
4. Commitment to migrate and digitize existing and new ISMs onto the Maximus platform
5. Maximus integration with core-banking software is required
6. Commitment to provide additional product and service solutions to existing and new ISM clients using the Maximus platform
7. Commitment to adopt consumer protection systems in its operations
EXPRESSION OF INTEREST
Provide a one (1) page statement signed by senior management describing why your organization will be committed to implementing and sustaining ISM digitization to achieve efficiency in transactions, growth in volume of transactions and expansion of product and service offerings. Expression of interest by interested FSPs should be submitted in the following format:
- Brief corporate profile
- Target market/clients
- Total number of clients
- Number of clients in peri-urban areas
- Number of clients in rural areas
- Total number of saving groups and their membership (if any)
- Operational locations in peri-urban and rural areas
- Type of bank’s financial software (if any)