Bankly: Mobile-first Banking Platform for the Unbanked
Business Overview
Overview
Bankly is a mobile-first banking platform designed explicitly to serve the unbanked and underbanked populations across emerging markets. The platform breaks barriers by offering simple, intuitive digital financial tools using robust mobile technology. Bankly empowers users with secure digital wallets, instant money transfers, microloans, and bill payments—all with minimal requirements and user-friendly onboarding.
Key Features
Bankly offers an advanced mobile app with a focus on:
- • Simple digital onboarding: Verification with minimal documentation
• Instant mobile wallet creation for quick access to funds
• Peer-to-peer payments, remittances, and utility bill payments
• Access to microloans and savings products
• Multilingual interface to improve accessibility
User Experience
Bankly is designed for ultra-low data usage and is compatible with budget smartphones. A clean UI, audio guidance, and local language support create an inclusive experience for individuals with limited literacy or tech expertise. Customer support is provided via in-app chat and local agents.
Market Opportunity
Over 1.7 billion adults globally lack access to banking services. The rapid adoption of mobile phones in regions such as Africa, Southeast Asia, and Latin America, combined with rising digital literacy, provides a unique opportunity for Bankly to bridge this financial gap and build social impact at scale.
Market Overview
Emerging market populations exhibit high smartphone penetration yet remain largely unbanked.
Roughly 70% of sub-Saharan Africa’s adult population and significant swathes of Southeast Asia remain outside formal banking.
Bankly operates in a rapidly growing fintech sector projected to surpass $500 billion in value by 2030, with mobile-first solutions at the forefront. The trend toward digital-first financial services is accelerating, supported by governmental and NGO interest.
Strategic partnerships with local mobile operators and retailers will enhance trust and adoption, while robust risk management and compliance are essential for longevity.
Ready to Start Your Bankly: Mobile-first Banking Platform for the Unbanked Business?
Get a comprehensive business plan with financial projections, marketing strategies, and step-by-step guidance.