How they describe themselves: Wipit provides integrated mobile payments, financial services, and prepaid debit card convenience to underbanked consumers. The company has partnered with Sprint, a leading wireless service provider, to launch the revolutionary, co-branded Boost Mobile Wallet and Sprint Money Express mobile wallet service. Wipit has commercial partnerships with and has been invested in by Euronet Worldwide (NASDAQ: EEFT), H&R Block (NYSE: HRB), and Core Innovation Capital. For more information, visit www.wipit.me.
How they describe their product/innovation: Boost Mobile Wallet lets millions of prepaid wireless customers load cash to their mobile wallet account, then use the funds to send international money transfers, pay bills, or top-up their Boost Mobile phone − all from the convenience of Wipit’s Mobile Wallet app on their Android smartphone or iPhone. Customers are also provided with a convenient, cost-saving alternative to retail check cashing via Wipit’s in-app Quick Check service. For customers that prefer the convenience of card payments, Boost Mobile Wallet includes a personalized, linked Visa prepaid card that can be used for ATM withdrawals and Visa purchases.
Product Distribution Strategy: Direct to Consumer (B2C), through other fintech companies and platforms