CashMind & KMT Capital to launch a Mobile Wallet in Mexico in partnership with Software Group

CashMind, a Mexican financial Institution operating in the field of FinTech, is partnering with Software Group to build an industry-leading mobile wallet that will offer a rich set of financial services to anyone with a smart mobile device. Customers will be able to enroll remotely, make instant payments, apply for loans with integrated providers and avail of various value-added services. Digital loans are provided in partnership with KMT Capital, a 100% Mexican-owned entity, committed to strengthening the economic stability of the community through a variety of products including Digital Loans, Bill Payments, and Merchant Services.

Based on Software Group’s flexible DigiWave digital banking platform, the new mobile wallet will be developed in two stages and will be available to new customers of CashMind. The first stage will see the incorporation of the core mobile wallet capabilities such as individual and corporate accounts, P2P/bank payments, NFC, cash-in cash-out, airtime top-up, bill sharing, virtual cards and more - all within a single app. The second phase will include the application for digital loans and other value-added services. 

CashMind’s future plans include the wallet to be developed into a SuperApp and to be integrated with multiple entities in the country, enabling millions of Mexicans with an innovative instrument for their daily financial and non-financial activities.