The mobile app has unparalleled functionality as an all-in-one solution for financial inclusion. It provides access to many services including instant access to funds via a virtual or physical card, send and receive payments, mobile prepaid minute top up, pay utility bills, access to microcredit offers and more.
Peer To Peer Cross Border
Instantly send money to friends or family both internationally and locally using the Uulala Network. The receiver gains instant access to the funds using their Uulala payment card.
Uulala has created a banking core engine to power the consumer-facing mobile application.
This robust technology allows us to create financial solutions that meet the unique needs of our unbanked customers. It also allows us to register our users transaction history on our blockchain for immutability.
What is Blockchain Technology
A blockchain is a database that is shared across a distributed network, which means all of the data is not stored in a single place. Once a record has been added to the chain, it is almost impossible to change. To ensure all the copies of the database are the same, the network makes constant checks. Records are bundled together into blocks and added to the chain one after another.
The implementation of blockchain in Uulala allows us to create an immutable ledger of financial history and is the basis for the blockchain based credit profile to empower, elevate and sustain the financial future of our users. Uulala has built its own blockchain to meet the needs of the network and not be subject to unnecessary fees which allow us to drive down cost on our services.
Data security and personal privacy are taken very seriously at Uulala. Our data security and privacy procedures have been designed to exceed the requirements of the jurisdictions in which we operate.
We put our customers needs and privacy above all.