Pay any bill from the mobile phone
Using Bancore's infrastructure, users can pay bills in select markets. When Bancore enters a new market, agreements are forged with the major supply companies to support the payment of utility bills through Bancore.
This ensures that whether a Bancore end user is therecipient of funds through transfer from a relative or other individual or whether the end user has received her pay check in the form of Bancore funds, settling bills is a task which is easily done directly from the mobile phone using Bancore's infrastructure.
Bill payment is a key Bancore function which presents great opportunities both for the end user and for providers of services, from utilities and telephony companies to health care providers and many others. It saves money, time and hassles and ensures timely payments of the services which most people find the most important.
Security & Compliance
Bancore employs the highest standards of security. Bancore's systems are continually monitored by our security team deploying state-of-the-art fraud monitoring systems.
Bancore has obtained a Payment Card Industry Data Security Standard certification (PCI DSS) which is the same as required by banks. Our virtual payment cards are subject to the same security standards and guarantees for funds which are standard to any VISA®or MasterCard®.
Bancore's advanced KYC validation system for transactions ensures full transparency of the identity of users and recipients. This, combined with the transaction velocity system monitoring a range of parameters, allows Bancore to offer a unique best practice authentication platform for high volume markets, including the emerging ones.
Bancore is developing its business in close collaboration with established financial businesses such as VISA® and MasterCard®, who see the importance and potential in developing innovative, mobile solutions for money transfer and payments.