E-DAPT (Electronic Data and Payment Technologies) is an integrated combined data and payment system that has been carefully designed to address the current challenges facing emerging economies with respect to financial inclusion, identifying the banking population securely and providing valuable data/payment statistical trend reporting.
The system is scalable and provides a multipurpose platform for up to 125 different financial/non-financial participants. E-DAPT can benefit emerging economies by providing a secure data and payment back-end system with a set of modules including but not limited to inter-bank switching, settlement and clearing as well as statistical financial and data trend MIS reporting.
The system boasts a secure “KYC” Registration, Biometric Enrolment and Smart Card/Virtual Account Issuing carried out with both fixed and portable registration work stations.
State-of-the-art security has been applied across all facets of the entire system, coupled with a suite of financial and non-financial applications, products and services that are accessed with transacting tools such as portable smart cards that host the physical smart card account e-wallets and mobile phones accessing their secure e-virtual accounts via a MNO participating in the system.
A key feature is the ability of the E-DAPT smart card to perform OFFLINE and ONLINE transaction processing depending on the nature of the transaction requested. This enables participants of the system with a unique opportunity of tapping into the underbanked and unbanked population groups across urban, semi-rural and deep rural environments with their sales of financial services and products.
Once deployed in a country, E-DAPT users can access products and services using the following infrastructure:-