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Case Study: Mobile Banking Solution 

Building a digital banking app tailored for small business owners to help them grow and thrive.

Mobile banking solution for SME

Building a mobile bank with Velmie

Our team of seasoned professionals effectively handles every step of the software development process by applying technical, business, and compliance expertise.

All-in-one software platform

Velmie delivered a complete solution that includes back end, mobile applications for iOS and Android, web interface and API connections.


The dedicated project team managed to customize the application and build unique features and workflows. 

Ongoing support

Our team provides 24/7 SLA support with regulated response and resolution times so clients can stay focused on business. 


Today about 980 million women still have no access to financial services - which makes 56% of all unbanked adults globally. This means that their money is not protected, they have no access to savings or checking accounts, and they are unable to receive loans, get insurance or life assurance. What is more, those without an account, tend to be concentrated among poorer households.

Bringing more women into the financial system historically leads to financially stronger families, communities, and business sectors — which together catalyze and sustain a stronger overall economy. With modern technology solutions, it’s possible to give women products that make financial services easier, safer, and simpler.

The Story

Our client is an ambitious Fintech startup in Singapore that is fueled by the idea of empowering entrepreneurial women with a user-centric mobile banking solution. Their mission is to support underbanked women worldwide by giving them access to financial services. With this solution, women will receive the ability to open accounts, receive loans, launch impactful, enterprising ideas, and grow their businesses.

The client was looking for a provider to handle the custom development of the banking application and applicable integrations. While the plans are to launch the solution in many regions across the world, scalability over time is one of the most critical aspects.

The Solution

The client partnered with Velmie to build an end-to-end product for specific markets and audience. Velmie provided a team of developers with related background in banking and finance to build the mobile app following the idea and product concept of our client.

It is now a mobile wallet app that is set to bring financial freedom and flexibility to many unbanked women in Singapore and extend worldwide. The solution is powered by Rapyd Platform which is a reasonable fit for further global expansion. Rapyd makes it simple to integrate local payment and fintech capabilities into the app.

Starting a mobile bank with Velmie

See how we help building next-generation mobile banking solutions on top of BaaS platforms

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Mobile Banking App

Users are now able to create accounts in minutes. They also gain flexibility in managing personal finance that no other bank in the region can ensure


  • Top up balance via cash (fast cash), bank accounts, and online transfers.

  • Cash-out via transfers to other systems and bank accounts, cash withdrawal.

  • Salary advance capability: salary drawdowns before payday.

Branded Debit Cards

Virtual and physical cards for extended payment options via Rapyd

Velmie has a wide network of integration partners for white-label card issuing and acquiring globally. Contact us to see the full list of options available for your product.


Payroll and Salary Advance

The salary management module is important for growing healthy working relationships and removing the pain and costs of illegal money lenders.

  • Salary set up (amounts and terms) for employees and contractors

  • Salary management by employer and employee

  • Salary advance capability: salary drawdowns before payday

Savings Accounts

Encouraging users to save their money with savings accounts is the way to take their finances under control and build personal financial resilience.

  • Separate accounts for savings

  • Savings goals


Instant Loans

Salary-connected loans allow users to set unique terms that fit specific requirements. Full flexibility and all the benefits of a formal agreement in one solution.

  • Set up a loan between employees and employers

  • Choose unique terms: amount, interest, time, and repayment amounts

  • Set automated repayments from linked salaries

International transfers

Traditional bank transfers are the most expensive option for international remittance with average fee of 7%. However, there are alternative channels available for cross-border transfers, helping to decrease fees a lot. One of them was implemented in this project as well so customers can enjoy international transfers at affordable fees.

Tech Stack




Aws Stream




React Native

Velmie Encourages Financial Inclusion

At Velmie, we are passionate about contributing to the financial inclusion of the many unbanked or underbanked individuals globally. Our technology and professional services offer banks and fintechs the ability to provide services to a far wider group of potential clients.

About Velmie

Scalability. Our banking platform comes with core features you need to launch a digital bank or mobile wallet.

Integrations. We provide access to a wide network of payment processing and card issuing partners across the globe.

Customizations. Unlike many other banking technology providers, we deliver end-to-end products and handle customizations for you.

Security and Compliance. We develop ISO 27001 and PCI-DSS-compliant software solutions coming with an extensive set of security and privacy features.

Ongoing Support. Our clients can stay safe with us handling the support and maintenance of their IT systems under SLA terms.

Velmie helped over 100 fintechs to go live and scale by providing experienced development teams.

Contact us today to explore the opportunities

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