Contactless Payment Solution for Streamlining Transactions for Unbanked
Africans
Current Status
Acquired organically 900+ users & 15 merchants.
Processed 1000+ transactions.
Generated $25 in revenue
Partnered with Flutterwave (the largest fintech infrastructure company in Africa)
Problem or Opportunity
Millions of Africans are Unbanked
This limits access to basic financial services for millions of Africans.
No digital financial services lead to frequent cash theft/loss and financial loss for over 350
Million Africans
Digital financial exclusion hurts business growth for over 100 Million SMEs in Africa.
Solution (product or service)
Contactless Payment System for unbanked Africans
Enables secure and instant offline transactions using blockchain technology
Eliminates the need for cash, reducing the risk of theft and loss for millions of Africans
Provides access to basic financial services for millions of unbanked Africans
Business model
Transaction Fee: 0.5% - 2.5% depending on the service.
ARPU = 2.5% charge of 250 USD = $ 6.25
6.25 x 12 = 75 LTV ; 75 x 3 = $225
