Wallet is a platform linked to ViViPAY card that allows any registered user to pay bills, recharge your cell phone, make transfers and control your balance.
Wallet’s proposal is budget planning and goal setting. Score and understand to control how much was already spent on food, shopping, household bills and others for example. This management tool is connected to the bank account.
• Platform that manages your ViViPAY account.
• Full control of the transactions of your account in one place.
• Manage your account with one touch.
• Platform that helps you to keep your budget in check.
What is a Wallet?
Wallet: Application (site or device) that manages a financial account. It's an online personal interface app from your bank account.
With this wallet, you can receive, store or spend your money.
ViViPAY offers microloans for the unbanked, and underbanked using blockchain technology and artificial intelligence.
According to the latest study by the Brazilian Institute of Geography and Statistics (IBGE), there are more than 60 million unbanked people in Brazil and this number represents almost half of the economically active population, estimated at 110 million people. Informal workers cannot prove their jobs or income, so most banks will not grant them a bank account, nor a loan. In United States, a FDIC national survey indicated that 7.0 percent of households in the U.S. were unbanked in 2015 which represents approximately 9.0 million households. An additional 19.9 percent of U.S. households (24.5 million) are underbanked, meaning that the household had a checking or savings account but also obtained financial products and services outside of the banking system.
ViVi uses a proprietary technology to analyse user behavior instead of the traditional proof of income and credit checks normally used to issue a loan. ViViWALLET users that are requesting a microloan, need to allow the app to access basic information like history of cellphone bill payments, use of social media, GPS tracking and more. This information, will allow ViVi to evaluate the risk to either approve or deny a loan. ViVi can be the helping hand that a major portion of the population needs.
Currently, ViViPAY Microloans are available in Brazil and will soon be available in México.