Billetera Mango provides a mobile digital wallet for individuals and small businesses to simplify financial transactions. It enables instant, fee-free peer-to-peer transfers and QR code payments at merchants, alongside bill payment management and expense splitting.
Funding
Funding not disclosed
Founders
Product
Problem
Consumers and small businesses face friction in executing everyday financial transactions, such as peer-to-peer transfers, bill payments, and point-of-sale purchases. The reliance on traditional banking infrastructure and limited digital payment options can lead to inefficiencies and increased costs for these activities.
Solution
Billetera Mango offers a mobile-first digital wallet designed to streamline personal and commercial financial interactions. The platform facilitates instant, fee-free money transfers between users and enables QR code payments at a wide network of merchants. Users can also manage bill payments, split expenses with contacts, and withdraw cash via ATMs. The wallet supports multiple top-up methods, including bank transfers, cash deposit points, and an integrated credit facility, ensuring continuous usability.
Target Audience
The primary users are individuals seeking a convenient and cost-effective digital payment solution, as well as small businesses looking to accept cashless payments via QR codes.
Features
- Peer-to-peer money transfers with real-time settlement and zero transaction fees.
- QR code payment functionality for in-person merchant transactions.
- Bill payment aggregation for over 500 public and private services.
- Expense splitting tool for group payments.
- ATM cash withdrawal capability through the Infonet network.
- Multiple funding sources: bank transfers, cash deposit networks, and an internal credit line.
- Mobile application available on both iOS and Android platforms.
- Secure transaction processing with integrated fraud detection mechanisms.