Most efficient end to end payment solutions!
PocketBANK's core business is selling the unbanked and migrant workers Prepaid Visa or MasterCard Debit Cards which provide them substantial economic savings from direct deposit of their payroll; easy, efficient and substantially faster ACH bill pay services, and with the purchase of a second PocketBANK card, free transfer of funds, anywhere in the world, anytime, between the two sharing PocketBANK Visa/MasterCard Cards. Simply, the goal is to be the most efficient and least costly end to end payment solutions provider to this market.
PocketBANK is an innovative provider of convenient, real-time payment systems that convert cash into electronic payments. This payment process was designed for use by the more than 80 million Americans who do not have access to traditional payment methods such as credit cards or bank accounts. The PocketBANK system gives these consumers access to a range of banking services previously available only to credit-based users, such as cellular phone and satellite television accounts and more. PocketBANK also offers branded, prepaid MasterCard and Visa products that enable consumers to receive the benefits of shopping with a card, without use of traditional credit or debit methods.
This service provides the uanbanked and migrant worker a savings of close to $1,000 per year while allowing for an affordable, safe and rudimentary bank account satisfying their basic financial needs. PocketBANK makes international and domestic money transfers simpler and more affordable while providing accessible and essential financial services to underserved markets that have traditionally been undervalued by mainstream banks.
Specifically, PocketBANK will facilitate:
Even more dramatic, PocketBANK recognizes the international potential of these unbanked relationships. Traditional banks build branches and expect the unbanked to go to their branches. Our mission is to “get the bank to the unbanked” in the form of a simple debit card, which they carry in their pocket – hence PocketBANK. Of the estimated 6.5 billion people in the world, it is estimated that nearly 5 billion are unbanked. PocketBANK believes the primarily reasons are affordability, accessibility and availability that precludes this huge market from being mainstream and our business development strategy will best satisfy this huge need.
To meet the unique needs of these individuals, PocketBANK has designed an integrated financial services program to address the banking and finance concerns of this marketplace. PocketBANK recognizes the value of partnering with employers and labor contractors and structure pricing strategies that provide real financial benefits to this market. Too often, this poorly represented market has been subject to predatory banking practices. The goal is to attract target customers away from check-cashing agents, money orders, money transmission services, and bill pay centers by providing them with the easiest, most convenient and lowest cost alternative to mainstream banking and non-traditional financial service providers
Please contact us anytime! We look forward to hearing from you. Feel free to give us a call if you have an interest in learning more about PocketBANK. Job inquiries should be sent to firstname.lastname@example.org.