Next-Generation E-wallet for
Individuals & Businesses
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eWallets in some countries in the MENA region have surged in recent years due to a loss of trust in traditional financial institutions following the economic crash. However, current digital providers often offer inconvenient, non-instant transactions that lack the confidence and reliability users demand. Additionally, complicated compliance requirements make digital wallets less easily, hindering adoption among individuals and businesses. The implementation of reliable payment systems requires advanced and modern tech featuring scalable architecture, customer-centricity and a robust API ecosystem to perform customizations, integrations, and extensions efficiently.
Story
The mission of Olive is to transform the landscape of money transfers and digital payments for MENA citizens, citizens and the diaspora, merchants and businesses, offering a cost-effective, fast, and secure solution to spend, send, and exchange money. The company aims to enhance the importance of international remittances, explore innovative digital wallet solutions, and tackle the difficulties within the local exchange market.
Solution
At Velmie, we specialize in empowering financial institutions and fintech innovators to deliver cutting-edge digital banking solutions that address modern financial challenges. This expertise has enabled us to build a robust, scalable ecosystem powering platforms like Oliv, a transformative solution for the MENA region’s digital payments landscape.
Oliv leverages the Velmie advanced digital banking technology to offer a comprehensive platform for individuals, merchants, and corporate clients. By integrating market-leading payment, KYC, and other service providers into its ecosystem, Oliv delivers a seamless, secure, and future-ready experience.
Here’s how our technology empowers Oliv to revolutionize digital payments
Digital remittance corridors
Enables direct money transfers into the balance of the digital wallet, eliminating the need for intermediaries and reducing remittance costs.
Seamless user experience
With cashless and instantaneous transactions, Oliv redefines remittances, making the process convenient and hassle-free for senders and recipients alike.
Uncompromised security and compliance
Oliv’s web and mobile apps employ advanced security measures while providing an auditable trail, ensuring transparency and peace of mind for users.
Scalability for future growth
The platform is designed to evolve, expanding its services to include daily retail transactions and additional payment features.
Why It works
The Velmie technology equips Oliv with the tools necessary to overcome the barriers of traditional banking, enabling the creation of a closed-loop digital banking solution that integrates international remittances, foreign exchange, and consumer spending into one seamless ecosystem.
What Velmie brings to the table
1
Scalable architecture
2
Configurable back-office workflows
3
API ecosystem with access to leading service providers
4
Enhanced security & compliance
5
Modular, future-proof technology
An easy-to-use,
transparent and compliant digital wallet
“Working with Velmie has been a turning point for us. Their technology gave us exactly what we needed to build a compliant and user-friendly solution for day-to-day digital transfers. Additionally, Velmie's business development and technical teams demonstrated exceptional professionalism and a deep understanding of the finance sector, which not only made communication smoother but also helped us refine and improve our solution. Our collaboration with Velmie is fueled by a shared commitment to innovation, combining our ideas with their modern platform and technological expertise to bring new opportunities and possibilities to our users.”
Faris Saliba,
PO, Oliv
Key Features
Multi-currency
accounts
Domestic &
cross-border P2P
QR, POS
payments, invoices
Cash in/cash out, cash agents
Instant
loans
Installment
payments