Tereon® has now been imple­mented on the Android oper­ating sys­tem to offer a full mobile pay­ments solu­tion on the open source mobile platform.

In con­junc­tion with one our cli­ents, who has asked us to build a pilot to bring full mobile pay­ments to the unbanked we have now imple­mented Tereon® on Android. Unlike most other solu­tions, our cli­ent wanted a pay­ments sys­tem that would oper­ate within exist­ing pay­ments and bank­ing reg­u­la­tions, and so avoid the pit­falls of tra­di­tional mobile money solu­tions. Afford­ab­ility was a key require­ment. So too was the abil­ity to grow the users into other fin­an­cial ser­vices such as loans and sav­ings, some­thing that our cli­ent could not do if they imple­mented a stand­ard mobile pay­ments solution.

By imple­menting Tereon® on Android, we can now bring a fully func­tional pay­ments solu­tion to the unbanked, and use the same sys­tem to deliver addi­tional fin­an­cial ser­vices as they grow to need them. Tereon® on Android will finally deliver ubi­quitous banking.