Skaleet (formerly named TagPay) is a
digital banking
Digital banking is part of the broader context for the move to online banking, where banking services are delivered over the internet. The shift from traditional to digital banking has been gradual and remains ongoing, and is constituted by diffe ...
platform created by the
French company TagPay. The software is used by banks,
telecom operators, and other players to offer digital financial services to their clients.
Skaleet uses sound-based
Near Sound Data Transfer (NSDT) technology to secure electronic transactions. Skaleet's target markets are in
emerging economies
An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were ...
.
The company receive
€25 M in fundingfrom Long Arc Capital at the beginning of 2021.
Applications
Skaleet can be used by smart phones and supports a variety of mobile money services.
As of 2021, over 30 digital financial service providers use the Skaleet platform to offer their customers financial services through their mobile phones.
References
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Mobile payments