Guadalajara, Jalisco, Mexico: Uulala announced today at Talent Land the launch the Uulala fintech ecosystem in Mexico; a fintech friendly country with a regulatory framework for financial services that supports open banking. As an innovative and mission-driven organization focused on empowering the unbanked and underbanked globally Uulala chose Mexico as the perfect country to launch because 70% of their population is either unbanked or underbanked.
According to Oscar Garcia, Founder & CEO of Uulala, “We believe our technology is a shining example of a mission-based company that will help the citizens of Mexico build their credit and help local businesses generate incremental revenue. We’ve solved a few critical issues plaguing the cash-based consumer. First, by building a complete financial ecosystem with a mobile-first design to support vulnerable populations we are able to holistically solve financial inclusion issues instead of being a solution that cures one symptom. Secondly, our blockchain provides individuals a digital identity and a blockchain based credit profile that is international so their financial history can travel with them. With Uulala’s banking core technology, blockchain, mobile app, and partnerships, we’re set to facilitate and accelerate financial inclusion of the many people of Mexico who don’t have bank accounts.”
Once users have loaded in funds, they instantly have access to a virtual payment card to participate in ecommerce or other purchase means. Users can send payments across borders, pay their bills or top up their cell phone minutes all within a mobile app. The Uulala platform is a unique system that tracks all financial activities and combines that with blockchain technology to show an immutable ledger with the level of creditworthiness a user possesses.
Uulala has attracted global partnerships with organizations that have an aligned mission to impact the lives of the underserved, those partners include the likes of Humanity 2.0 and Laudato Si’. The mission of Humanity 2.0 is to identify impediments to human progress and work collaboratively across sectors to remove them by sourcing and scaling bold and innovative solutions. The Laudato Si’ Challenge seeks to sustainably improve the lives of 10 million people excluded from Our Common Home by 2020 —anticipating the SDG2030 objective of leaving no one behind—through businesses that are: sustainable, empowering and ethical.
Talent Land is an innovative and interactive 5-day event hosted by the Talent Network in Jalisco, Mexico. Designed to connect the best and brightest minds who have the common goal of using technology and innovation to find solutions to some of the worlds most challenging social, economic, & technological problems the event proudly attracts over 30,000 people from across Mexico and the globe. Uulala is proud to be part of such an innovative event which is why we have partnered with Talent Network the creators of Talent Land to power Blockchain Land, one of the 7 main Lands at the event, for the full 5-days.
Uulala is a blockchain powered fintech company that facilitates and accelerates the financial inclusion of the under-banked and unbanked populations. Uulala empowers the under-banked communities by providing financial tools to easily send and receive payments, pay bills, receive micro-financing and build an international blockchain based credit profile and digital identity.
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