Panamax-Inc
Panamax offers robust market-leading solutions in Business Support System, Network Switching Subsystem, Mobile Financial Solutions and managed services domains.
Digital Payment Solutions, Top-up and Bill Payment Solution. Panamax’s Digital Payment Solution allows service providers to effectively bundle any combination of services and introduce cross-product promotions that engages multiple user segments.
Meet Panamax at Smart Cities Expo & Fintech India Expo. Panamax Wins the Technoviti 2021 Award by Banking Frontiers. New York, 23, March 2021- Panamax is thrilled to announce that it has been awarded the Technoviti 2021 Award by Banking Frontiers for its flagship digital financial solution – MobiFin Elite.
Technoviti is an annual award that recognizes innovations in the financial technology domain and offers a platform for the thought leadership dialogue as well as celebration of awards to leading fintech and bigtech players. The event was organized virtually on 19th March 2021. Panamax’s MobiFin Elite has been awarded the Technoviti 2021 as the Jury considered it as one of the best innovations in the financial sector. Host Card Emulation Solution, Contactless Payment Solutions. Panamax Host Card Emulation Solution is a contactless payment solution with a unique HCE SDK, is an NFC solution supporting PA-DSS standards.
The end-to-end tokenized solution facilitates seamless integration and supports all types of payment cards. It can also be integrated with existing wallet systems and Bank systems through RESTFUL APIs. Compliant with global standards, the solution also extends support to multiple channels. Key Features. Panamax Helps a Fintech Firm Offer Advanced Payment Service. An Introduction to Mobile Money Interoperability. Mobile Money - an unadorned concept that was initiated to enable P2P transfers soon turned into a revolution.
A channel that began with the plain idea of performing payments from/via a mobile device took Fintech space by storm. Mobile money established itself as an alternative to the formal banking services in no time. To put things into perspective, these services have successfully benefitted people in close to 95 countries through more than 1 billion registered accounts, 290 deployments and $7.3 billion in international remittances. Ease of Use with Interoperability What makes mobile money more interesting is its interoperability - the trending buzz word in the digital financial space. Step by Step Guide to Establishing an Agency Banking Network. Financial institutions and banks in several countries are coming up with ways other than traditional banking for financial inclusion of the unbanked people staying in remote/rural areas.
Opening and running a traditional bank branch is often an overwhelming process for the banks. Agent banking or branchless banking allows financial institutions to deliver their services to a majority of poor households residing in remote areas through a network of retail agents. Agency banking is a holistic solution that aids the entire financial ecosystem including people in remote areas, retail agents as well as the banks. National Payment Switch. Panamax National Payment Switch enables integration of multiple banks, MNOs, Fintech companies, billers/aggregators and other digital ecosystem players to provide a seamless customer experience and increase uptake of digital financial services.
The payment switch routes individual transaction settlement requests for the bank to a central switch, instead of being routed through the multiple international card schemes. The switch provides a single interface with all global card payment processors that enter into an agreement with it for transaction processing of their locally issued cards. Key Features. WhatsApp Banking.
Make banking as easy for your customers as chatting with a friend through WhatsApp messaging platform available 24*7.
Panamax makes most prominent banking services available over WhatsApp and lets you interact with your customers on the go. Panamax Features in the Top 10 Most Recommended Fintech Solutions Providers - 2021. New York, 11, March 2021- Panamax is thrilled to announce that it has secured a spot in the Top 10 Most Recommended Fintech Solutions Providers – 2021 list of the CIO Insider magazine.
CIO Insider has curated the list of fintech solutions providers who have shown immense proficiency in their operations, improving financial literacy and inclusion, and building an ecosystem around them. The providers in list have been significantly driving the fintech industry’s more-than-global-average growth in India. The list has undergone strict scrutiny by a panel of experts that include industry veterans and subject matter experts, CMOs, CEOs, analysts, and the CIO Insider editorial team. 6 Reasons Why Governments are Opting for Digital Subsidy Distribution Solutions. Government to Person (G2P) payments have risen in importance across the world, with government agencies and NGOs opting for these services to respond to the social and economic repercussions of COVID-19.
Up until September 2020, close to 208 countries had announced at least 1461 social protection measures to combat the consequences of the pandemic, as per the International Labour Organization (ILO). It goes without saying that these massive payouts need a well-structured solution that can handle a large volume of payments and process the data while keeping it secured. Digital G2P Payment refers to a direct payment or benefit transfer in the form of mobile money sent by government agencies to citizens through an electronic system. It is essential to go digital as the beneficiaries of government welfare schemes are often low-income unbanked citizens spread across geographies. Mobile and Internet Banking. Panamax Mobile and Internet Banking helps Banks and Financial Institutions to provide fast, convenient, secured and customized banking services to their customers.
This solution can be integrated with an existing platform or deployed as a bundled package with the banking suite. Mobile and Internet Banking solution offers anytime transactions through mobile wallets, mobile applications, digital payment modes or UPI. The solution allows customers to take care of their banking needs from any without having to visit a branch or be on long calls with customer support. Customer Onboarding in Banks: Current Challenges & Future Trends. With numerous tools and sources available for communication, the importance of every interaction, an organization has with its clients, is mounting tremendously. Bearing in mind the intense competition in the markets, organizations must assure that they leave an everlasting impression in minds of their clients after every interaction.
In the financial services industry, customers now expect premium digital experiences in critical services. It is especially vital during client onboarding- the entire process through which an individual starts his journey as a customer or a client of a bank/financial institution. Panamax Launches the Spanish Language Website. New York, 03 March 2021– Panamax is excited to announce the launch of the Spanish version of its website. As a leader in providing telecom and digital financial solutions worldwide, this is another step by Panamax towards engaging with the customers from different parts of the world. The Spanish version of Panamax’s website akin to its English version provides all the essential information about the company and explains its fintech and telecom services. The aim of the Spanish version of the website is to ensure that the growing customer base in the Spanish-speaking countries can effectively communicate and understand the offerings.
We understand that a language barrier can be one of the leading factors for an inability to engage with a customer base. This step also is expected to help the company in developing trust amongst the Spanish-speaking customers and further solidify its relations with them. Agency Banking, Agency Banking Solution, Agent Banking. Agency Banking services by Panamax broaden the horizon for banks to help them serve their customers efficiently. With this solution, banks can take their branch directly to customers and provide services at their doorsteps through agent banking. The solution makes it easy for the banks to create new accounts, new applications, edit loans and do a lot more, remotely. VoIP Services - Wholesale Voice - Retail Voice.
Bankai Group is a global leader in retail & wholesale VoIP call termination services under the brand name BridgeVoice. The company’s robust experience and profound expertise in the telecommunications industry has enabled us to develop an Automated Carrier Platform for telecom operators, carriers and service providers. Why is Digital KYC Essential in Telecom Industry? Many industries have started taking KYC (Know Your Customer) as a responsibility to identify their customers and mitigate possible risks in the absence of formal identity verification.
The KYC process requires the customer to provide documentation such as identity and address proofs before availing certain services. The traditional methods of conducting the KYC process require arduous paper-based procedures. Telecom IT Solutions by Panamax. Fingerprint Recognition. Micro Lending Solution. Wholesale Routing and Billing Solution. Microfinance Software Solutions, Microfinance Management Software. The Micro Finance solution by Panamax automates the process of offering financial services like loans and savings at micro or small scale levels to individuals or groups with little or no income. The microfinance management software is capable of supporting the integration of third party content. The Future of Mobile Payments - Top 5 Trends. Transforming the Fintech Industry with Bulk Payment Solutions. Have you ever had to pay back hundreds of people at the same time, without an error?
It is a daunting job, yet in order to conduct efficiently, companies/governments must make such payments time and again. Whether it is payroll, contractors, or commissions, when it comes to people’s money, such payments cannot be delayed or have errors. Despite the advancements in the fintech industry, paper checks are still a preference for not only the payment of personal debts but also for businesses in their payments to employees, vendors, and customers. Rise of the New Banking Model. With time, people’s perception and approach towards payments have undergone a drastic change. Agent Banking: Transforming the Banking Industry. Agent banking has gained a lot of traction in areas where it is not feasible for banks to open full-fledged physical branches due to cost, manpower, network unavailability, or other constraints. Agent Banking: Transforming the Banking Industry. The Future of Mobile Payments - Top 5 Trends. Conquer Financial Frauds with Thriving Technologies. The digital transformation in the economy has brought in technology advancement, but at the same time it has introduced new risks and financial frauds.
Some of the instances of financial frauds such as fake transaction reversal, phishing, identity theft, money laundering, cybercrime and data fraud are increasing every day. According to the recent KPMG’s Global Banking Fraud Survey report conducted across 43 retail banks, over half of respondents recover less than 25% of fraud losses; demonstrating that fraud prevention is key. The complexity of fraud risks is increasing and needs to be effectively controlled through effective operational risk management processes as well as the use of fraud control security tools and processes.
Who’s Affected and How? A financial service revolves around these main players in the ecosystem: Consumers, Agents/Partners, Enterprises, Regulators, and Service Providers. Any player in the ecosystem can be a victim of financial fraud by any other player. Open Banking: Bridging the gap between Banks and Cutting-edge Technology. Security is a primary concern for banks since customer data is an important part of bank’s operation as well as reputation. Top 6 Banking Trends for 2021 and Beyond. Fintech in 2021- 6 Key Predictions and Trends to Watch.
MobiFin Elite - Most Secure Digital Financial Services Platform. Class 5 Enterprise Retail Switch. Customer Onboarding in Banks: Current Challenges & Future Trends. Telecom Fraud Management Solutions. Mobile Wallet Solutions, Mobile Money System, eWallet Solution. Agency Banking. Business Support System Solutions. Mobile Wallet Solutions, Mobile Money System, eWallet Solution. Everything You Need to Know About Mobile Wallet Security. Telecom Fraud Management: A Top Priority for Carriers and Operators. Core Banking – The Next Gen Digital Banking Suite. Customer Value Management in Telecom & Retail Banking. Step by Step Guide to Establishing an Agency Banking Network. Telecom Fraud Management: A Top Priority for Carriers and Operators. Everything You Need to Know About Mobile Wallet Security. Understanding Mobile Banking Frauds. Digital Banking: A Pre-requisite in the ‘New Normal’ Using AI/ML for Fraud Detection. Fintech Implications and Resolutions in the Face of Adversity.
Panamax Inc. Revamps Its Corporate Brand Identity. Transforming the Fintech Industry with Bulk Payment Solutions. Customer Value Management in Telecom & Retail Banking. COVID-19: Entailing Low-touch Practices in Agency Banking. Session Border Controllers in the Cloud. Transforming Banking with Omni-channel Approach.
How to Overcome the Challenges of International Remittances amidst Covid-19? Wholesale Routing and Billing Solution. Mobile Wallets: Gaining Popularity During the COVID-19 Pandemic. Monitoring Solution for Telcos. Protecting Telco margins through IP Termination. System Integration Services. Bulk Payment Solution, Salary Disbursement Solution, Wholesale Payment. Panamax to Attend AfricaCom and AfricaTech at the Africa Tech Festival. Meet Panamax at Virtual Africa Tech Festival 2020. Enhance Security of Your Payments with Biometrics.
G2P Payment System, Subsidy Distribution, G2P Payment Solution. Agent Merchant Management solution, Merchant Management System. 6 Reasons Why Governments are Opting for Digital Subsidy Distribution Solutions. 4 Primary Ways COVID-19 has Impacted FinTech Industry. Crisis Management through Microcredit. Prepaid Credit Management, Wholesale Prepaid Billing Solution. Revenue Verification System. Agency Banking. The Ultimate Checklist to Follow for an Effective e-KYC solution. WhatsApp Banking. TDM Gateway, TDM to SIP Gateway, SIP to TDM Gateway, Erlang Report. Enterprise Session Border Controller. Billing, Rating, Routing & Roaming Solutions - BillCall. Bankai Group & Panamax to Attend Capacity Europe 2020 as Gold Sponsors. Reimagining Payments through National Payment Switch. Agency Banking, Agency Banking Solution, Agent Banking.
Panamax to Attend Virtual Nigeria Com and West Africa Com. Ditch the Password with Biometrics Solutions. Panamax Helps a Fintech Firm Offer Advanced Payment Services. Telecom Switching, Interconnect Billing & Mobile Financial Solutions. Transforming the Fintech Industry with Bulk Payment Solutions. Convenient and Secured Digital Banking Solution. Omni-channel Banking. Mobile and Internet Banking. Wholesale Routing and Billing Solution. WhatsApp Banking - Making Banking Accessible. 5 Key Trends Automating the Mobile Banking Experience.
Panamax to Sponsor at The Virtual WFC Money Summit 2020. WhatsApp Banking. Monitoring Solution for Telcos. Retail & Wholesale VoIP Blog. Neo Banks: The Perfect Confluence of Technology & Banking. Panamax Wins the Best Innovative Software Provider Award at CC Global Awards 2020.