Case Study: VisionFund saves 80%+ on monthly transaction costs with Software Group mobile banking

VisionFund saves 80% on monthly transaction costs with Software Group

VisionFund, a global microfinance network and subsidiary of World Vision, faced the challenge of providing accessible banking services to farmers in remote, rural areas. For these customers, a simple trip to the bank could take an entire day. To solve this, VisionFund partnered with Software Group to implement a USSD mobile banking solution.

Software Group's technology enabled customers without smartphones or internet to perform banking operations via basic mobile phones. The solution was deployed across multiple African countries. The results were outstanding: the average time for monthly payments was reduced from one day to just one minute, saving farmers 99% of their time. Furthermore, mobile banking customers saved over 80% on their monthly transaction costs, reducing them from $5 to $0.80, allowing them more time and income for their families and crops.

VisionFund