SUNNYVALE, Calif., March 31, 2016 /PRNewswire/ -- Nuspay, a global technology company in the payments industry announced that it has entered into an agreement with Uddipan Energy Limited (EUL) to service a national level non-profit organization in Bangladesh UDDIPAN assisting the poor, underprivileged & disadvantaged. Under the agreement Nuspay has agreed to provide mobile access to its core digital currency payment network to an estimated 500,000 UDDIPAN beneficiaries in Bangladesh. The Nuspay / EUL innovative service delivery agreement strategic objective is to empower millions of unbanked and underbanked in Bangladesh.
Nuspay has developed a complete end to end digital currency ecosystem. The Nuspay Digital Currency (NDC) cryptocurrency ecosystem was reverse engineered to meet and exceed the current and future challenges facing governments, central banks, monetary authorities and enterprises seeking to deploy digital currency. The NDC ecosystem is completely autonomous from any outside source code or intellectual property not owned by Nuspay that would delay or impede its global expansion.
"Today is a milestone in the history of global micro-finance and mobile financial inclusion social programs," said Nuspay Chief Executive Officer and Chairman Greg A Wooten. "The Nuspay ecosystem modeling and architecture is like no other and creates substantial value to the global financial markets and investors interested in the proliferation of micro-finance and mobile financial inclusion."
Nuspay and UEL will be bridging several core legacy banking systems with the NDC mobile platform providing true monitory value and unparalleled functionality in the financial services arena. The NDC platform will offer the ability to provide UDDIPAN beneficiaries, unbanked and underbanked loan disbursements/collections, deposit receipts/refunds, agent banking, merchant acquiring/registration, insurance premium collection/claim settlement and bill payments. Additionally Nuspay will provide electronic KYC compliance and a full range of eCommerce & other non-core financial activities. Beneficiaries that do not have access to a smartphone or connectivity for utilization of the Nuspay mWallet will be issued a Nuspay NFC enabled chip & pin card for processing transactions through brick and mortar branches and Agent Banking.
Nuspay is a global FinTech building the Next-Gen global digital currency payment network. Nuspay works in tandem with financial institutions, payment networks, payment processors and related financial businesses worldwide to facilitate the acceptance and processing of all forms of payments through its patent-pending technologies. Nuspay is an industry pioneer in payment data security, digital currency, and payment acceptance innovations. The company is headquartered in Sunnyvale, CA. with innovation laboratories in Delhi and Hyderabad, India. For more information, visit http://www.Nuspay.com