Photo - ZuumPay
play_arrow
View
50176

ZuumPay

Cross border peer-to-peer mobile and online payment

Cameroon
Market: Financial services
Stage of the project: Prototype or product is ready

Date of last change: 08.11.2020
Rating
equalizer from 2000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:

Idea

We want to give people instant unlimited access to their finances from various sources (mobile money, PayPal, bank, cards, crypto etc) and be able to instantly spend it with anyone, anywhere at anytime. Imagine never being out of money ever again and with a single touch pay for anything.

Current Status

Working prototype with producing getting ready to roll out to the market.

Market

ZuumPay Is mostly targeting the millennial and gen Z market who concentrate mostly on mobile devices with online merchants and business going for cashless payments.
With a single app ZuumPay we can instantly connect peer-to-peer and business-to-customer transactions all across the world processing bith local and international payments methods.

Problem or Opportunity

Africans lack the financial tools to access and manage local and international payments with more than 140 different mobile money Africans suffer from the most fragmented and limited financial system in the global market and ZuumPay offers a single mobike and online payment aggregator allowing our customers to instantly access money from anywhere and spend it without any stress.

Solution (product or service)

We can now make Africans to instantly access and spend their money at anytime and anywhere without any stress all from a single wallet,.. ZuumPay.

Competitors

Our major competitors locally are gsma mobile money, PayPal and major credit card brands are the main competition in cross border payments.
In Africa mobile money is mostly the only form of payments tho limited.

Advantages or differentiators

Unlike most systems ZuumPay is the first mobile payment aggregator and can process multiple local payment options.
Our users can spend all their money from multiple sources via a single app
Users can spend fiat, digital and crypto currencies with a single app
Etc.

Finance

ZuumPay has 7 revenue streams mostly commission based and subscription based models

Business model

With a mobike first business model, we intend to partner with different agents and brands and maximise advance marketinf techniques to reach and convert our target markets to paying customers.

Money will be spent on

Technology and development
Financial licenses and compliance
Marketing and sales
Human resources and labor

Offer for investor

An equity stake of 21%

Team or Management

Risks

Our main risk is lack of resources to execute our ventures and risk our competitors to copy and race us to market.
The need for the appropriate licenses to operate across selected regions.

Photos

Photo 1 - Cross border peer-to-peer mobile and online payment

Product Video

5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility40
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video