Although there has been a huge influx of smartphones in the market, there are still many feature phone users. For example, in Africa, India, South America and some rural areas of China, feature phone users still hold a large proportion of mobile phone users. Basic and inexpensive, the two main factors of feature phones continue to keep them very much in demand. Therefore, as technology innovators, we are continuing to create more surprises for all feature phone users.
SPC MBanking is a secure, convenient, SIM-based mobile banking solution. It allows complex banking transactions to be securely conducted using feature phones depending on SMS and without the need of an internet connection. By attaching a smart card onto the SIM card and making both cards a single, powerful card, users can access financial services on their mobile phone simply. The smart card can be issued independently by authoritative financial institutions, and then offered to their users, to build a more secure transaction environment with Data message communication on their device. This technology provides users with a secure method of handling financial transactions (checking account status, fund transfers, etc.) without the hassle of waiting in line at the bank, creating a more secure user-friendly mobile banking experience. Furthermore, the SPC Mbanking solution utilizes multiple encryption layers to protect mobile banking transactions and prevent hacking via remote cyber attack.
VIArmour has provided the SPC MBanking solution based on STK technology to more than 60 banks in China and is continuing to grow in popularity as users enjoy the security and convenience of mobile banking.