MEXICO CITY--(BUSINESS WIRE)--GlobeOne, a new financial technology company, today announced a partnership with InvestaBank and Bankaool that will bring GlobeOne’s mobile banking solution to Mexico later this year. Through this new partnership, GlobeOne will provide a mobile interface for a suite of financial services offered by InvestaBank and Bankaool in Mexico, bringing bank services to those who are currently underserved by existing financial services.
“Only 45% of the population in Mexico has a bank account, which is why this partnership is an exciting development for Mexican consumers,” said Michael Wolper, GlobeOne member and Chief Marketing Officer. “Through GlobeOne’s growing global network, consumers will have access to the basic financial services necessary to build a strong financial future, and banks will have a new platform to serve the many digitally connected Mexican consumers who do not participate in the traditional, brick-and-mortar banking system.”
GlobeOne leverages mobile technology to provide a digital banking solution that is expected to launch in the United States and Mexico in the fourth quarter of 2015. As new banking partners are secured around the world, additional countries will join GlobeOne’s integrated global network. GlobeOne’s innovative app will offer paperless checking, a security savings account, a line of credit, domestic and international transfers between GlobeOne members, and access to the global income-building SocialBoostTM program, which gives members the opportunity to earn a new income stream while helping those who need it most.
“We are excited to work with GlobeOne and launch a system, an app, which will add to our business model of financial inclusion in the country. Technology is part of every person’s daily life, which is why this is a great opportunity to expand financial services to the unbanked and underserved population in Mexico,” said Francisco Meré Palafox, Chief Executive Officer of Bankaool.
"Our partnership with GlobeOne guarantees our ability to provide state-of-the-art banking and payment technology to the widest Mexican population who will now have mobile phone access to the best in financial services," added Enrique Vilarte, Chief Executive Officer of InvestaBank.
GlobeOne executives will present the mobile interface and features at the “Mobile Money & Digital Payments Americas” conference in Mexico City on March 24th.
About GlobeOne
Headquartered in Santa Monica, CA, GlobeOne LLC is a financial technology company that is leading the next evolution in financial services. Founded by a community of entrepreneurs driven to create positive change, our growing, global network of financial institutions and organizations will be working together to enhance financial inclusion on a global scale. GlobeOne leverages mobile technology to provide access through GlobeOne member banks to basic financial tools that enable people around the world to take control of their finances, creating a critical path to economic and social development. For more information, visit www.globeone.com.
About Bankaool
Bankaool, S.A., Institución de Banca Múltiple places banking services in the hands of every Mexican. Bankaool is the first branch-free fully digital bank in Mexico and leader in loans for agribusiness, with a focus in financial inclusion that also offers loans to SMEs. Bankaool has delivered more than 120 thousand loans, and is recognized by the G20 and the International Financial Corporation (World Bank) as global leader in the innovation for business inclusion. For more information visit www.bankaool.com, Follow us on Twitter @bankaool, and like us on Facebook at Bankaool.
About InvestaBank
InvestaBank® has the best financing and investment options to support the growth of small and medium enterprises, as well as large corporations, primarily dedicated to foreign trade. InvestaBank is characterized by its financial strength, its high standards of service, efficiency, customer engagement and cutting-edge design solutions for financing and investment; qualities that ensure predictability, commitment and dedication to each of its customers.
