AMA, developed by Paylogic, is a robust and open payments infrastructure designed specifically for Central Banks. It serves as a dynamic platform that connects banks, financial operators, billers, and telecom operators within a defined geographic region. By leveraging the ubiquity of mobile phones, AMA facilitates seamless transactions between customers and merchants, offering a comprehensive range of payment services.

With a core focus on addressing the challenges of financial inclusion, AMA utilizes advanced technology to provide accessible payment solutions to merchants, billers, and customers alike. It empowers customers of AMA’s member institutions with greater choices in their transactions, providing a secure, cost-effective, and widely available means of payment across a dense network of merchants.

The AMA ecosystem encompasses various stakeholders within the Central Bank’s jurisdiction. This includes banks, their customers, merchants, branches, and ATMs. Additionally, Mobile Network Operators (MNOs) play a vital role by connecting their customers, merchants, resellers, and kiosks to the AMA platform. Financial operators and their customers and branches further contribute to the ecosystem.

AMA offers a diverse range of services, including cardless withdrawals, cash deposits, wallet-to-wallet, wallet-to-card, and wallet-to-account money transfers, merchant payments, remittances, and bill payments.

Key Strengths of AMA’s Advanced Payments Infrastructure:

• Open API enabling seamless transactions across the ecosystem.
• Dynamic routing capabilities for optimized transaction flows.
• Robust management of Digital Fiat Currency (DFC) to ensure smooth operations.
• Full monitoring and control capabilities, empowering the Central Bank as the issuing authority for DFC.
• Integrated modules for robust KYC (Know Your Customer), AML (Anti-Money Laundering), and fraud management.
• Compliance with the latest security and data privacy standards, safeguarding sensitive financial information.

AMA, as a Paylogic product, provides Central Banks with a reliable and scalable solution to foster mobile interoperability and enhance the efficiency and inclusivity of their payments ecosystem. It enables Central Banks to leverage advanced technology, empower their member institutions, and drive financial innovation toward a more accessible and interconnected future.