We want via our platform to help, young people living in urban areas with a smartphone, who are excluded from the expensive traditional financial system to get easy and affordable access to Banking Tools.
The Internet penetration rate in Africa has increased from 4.5 million people in 2010 to 345.7 million in 2017, 7 582% increase in 7 years. This predominantly young population wants to participate in online commerce, but can not because it is excluded from the financial system. They don’t access financial services such as insurance & loans.
We offer a platform that offers young people the opportunity to open digital accounts in local currencies, make online or in-store Mobile voucher payments, get microfinance services and transfers balance from person to person. It’s a cash-to-goods payment solution, not remittance.
‘This is a huge opportunity for an unaddressed market’’
Rodney Saint-Louis, the founder of École Crypto
AVANTAGES
We target mainly students in the diaspora from Canada, Caribbean, Latin America and West Africa with more than 1.2 billion inhabitants, mostly young with a low banking rate (5% and 15% in sub-Saharan Africa) with Internet penetration up (27.7% in 2017). Mobile financing has doubling since 2013. Transactions expected to grow further in 2020 to more than $ 1 trillion*.
*Patrick Gutmann, Head of Transaction Banking, Ecobank. Nkosinathi
Ref: https://www.swift.com/node/14411
Visa, Orange Money, Nafa-Express, M-PESA in Southern Africa circumscribed to networks of mobile operators. Payme in Nigeria, remains focused on person-to-person transfers.
Our plan is to build a worldwide network connected to another networks :
