CREDIT FACILITY SYSTEM and METHOD

摘要

A system or method for using universal load as a medium for payment for government agencies, private billers and for other payment related use cases supporting a plurality of subscribers, both prepaid and postpaid through a separate mobile wallet reloadable through various channel including, but not limited to, existing airtime retailers via mobile, online or via a mobile application through a direct debit from subscriber's savings account/current account (CASA) bank deposits, and/or creidt card to top-up BayadLoad wallet with e-money at par (at face value) equivalent monetary value; settled through a pre-funded account with a partner bank upon redemption of payment transaction; using SMS, USSD or mobile application as bearer channel.