Miban4 PJ

Application integrating digital wallet with community financial solutions, mainly with the granting of credit between participating members with the respective interest remuneration

The Miban4 application provides a digital wallet that operates like a prepaid card, also known as a payment account. This way, the user can maintain a balance with control of all entries (debit/credit) enabling bill payment via barcode (integrated with SPB), transfer to other Miban4 digital wallets or to accounts from other banks via TED. It also offers a set of instant payment services via PIX, allowing it to operate with other payment institutions.

Another great feature of Miban4 is the option to create communities that allows you to define financial solutions (credit and investments). Such communities can save money (deposits into an account called the Economy Account) in order to back up loans within the group. These loans consist of person-to-person (P2P) operations managed by a SEP credit solution provider operating in the Brazilian financial market (service provider contracted by Miban4). The loan conditions are defined by the group itself and the interest is fully returned to the community. Group members are typically individuals and micro-enterprises (self-employed legal entities).

In this way, communities acquire notions of financial solutions managed by themselves. The loan made to the community has an important responsibility character as the creditor has a financial transaction with each member of that group, including the respective interest remuneration. Thus, the Miban4 APP application acts as a solution integrator, enabling access and control for both the Digital Wallet and the community financial solution (credit operations with financial return for the group).