Target audience: two billion.
The company's Genius Wallet will bring together retailers, financial institutions and operators to provide remittances, mobile phone top-ups, and bill payments.
And thanks to a tie-in with MoneyGram International, users will be able to send and receive money through 256,000 MoneyGram locations in 192 countries.
The solution even has an advertising component, giving brands the chance to reach unbanked customers.
"Our Genius Wallet brings every mobile phone user, including the unbanked, into a secure, convenient, and efficient financial ecosystem," said Mozido CEO Greg Corona.
"It offers opportunity and hope for a huge population worldwide, empowering them to enjoy a broad range of banking and financial services often for the first time, using their mobile phone."
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It's not clear how the wallet will work. But one can assume it won't be an app if it's targeting 2bn phone users - most of whom will be feature phone users.
Mozido is a cloud specialist, so it seems likely the product will rely on some combination of basic mobile web and SMS.
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