Remember Tagit?
Last year at FinovateAsia, the mobile technology innovator demoed its Mobeix Open Platform, which helps enterprises build and launch apps on their own (for info on the upcoming FinovateAsia event this November, by the way, check out our information page here.)
Well Tagit is back with more news today, announcing that it is bringing its mobile banking technology to the more than one million people living on the island nation of Mauritius.
The new app, called Juice, was the product of a partnership between Singapore-based Tagit and the Mauritius Commercial Bank (MCB). Juice will enable banking customers to make cardless cash withdrawals, check balances, and perform other common financial tasks without having to visit a bank branch.
Some of the features of the new Juice app include:
- Juice Cash: Withdraw cash from Juice-enabled merchants by transferring money to them via smartphone
- Juice ATM: Send money to others who can then pick up the cash at Juice-enabled ATMs
- Juice Payment: Use smartphone as a credit card to make person-to-merchant payments
Founded in 2004, Tagit provides mobile banking and commerce application platforms to financial institutions and enterprises looking to extend their online businesses through mobile channels. Tagit has customers in 10 nations in Asia, the Middle East, and North America, and won the Emerging Enterprise Award in 2012.
Mauritius has been ranked first in the World Bank’s Ease of Doing Business report for African economies for five years in a row. With no exploitable natural resources, the country’s population is mostly employed in the service sector, including tourism and financial services. Tagit CEO Sandeep Bagaria praised the country’s “100% mobile penetration” as a primary reason for expansion into the Mauritius market.