Imagine being able to access your money in any currency from anywhere in the world across multiple sources (bank, credit cards, PayPal, bitcoin, etc) and you will be able to spend it anywhere with any local system and currency at no extra charge?.
No cards, no bank accounts, no code failing a single financial tool that gives you full control of your finances anytime you want.
Developed prototype with final product in development
We are targeting clients of age demovraphi between 16 - 25 and 26 - 50 operating mostly in open areas and regions with both internet accessibility and high consumption.
From peer-2-peer payments to B2C and B2B payment processing we are trying an active market demographic across Africa, UAE, UK, USA, and Canada
Problem or Opportunity
Lack of digital mobile payment solution.
More than 140 mobile money service with limited digital transactions/ cross border services
Less than 1/5th Africans own a major credit card
Inability to access and process payments from international markets
A single financial tool that allows our customers to access money from multiple sources and spend in with anyone in real time.
The major competitor is the gsma mobile money in Africa which is presently the go-to financial tool, paystack and flutawave for card online payments.
Advantages or differentiators
ZuumPay is the world's first mobile payment aggregator. Our clients can manage multiple options in our system without worry from mobile money, all their cards, PayPal etc without any limitation
A cross border peer-to-peer mobile payment tool breaks through the present local options
Global access and spending option surpasses any other options in the market today
Allows spending in all fait, digital and tokenized currencies in real time to the recipients desired option
Our revenue streams come from subscription and commsion models expecting $2.7 million in the first year to over half a billion by our third year.
Sales and rentals of our hardware POS systems and payment tools.
Interest rate, %
We are working on securing key partnerships with banking and mobile money providers, marketing agencies and top security enterprises.
Building a mobile first service, we will use social media marketing, SEO and Google ads to reach targeted market audiences
Solution (product or service)
With a single app ZuumPay, you can access all your money from multiple sources in a single point and spend it with anyone anywhere in the world with their local solutions and currencies.
Lack of resources
Our competitors have the resources to learn and even adapt to our product offers in the new future
Lack of financial licenses and permits might hinder the VP of the product
Incubation/Acceleration programs accomplishment
We haven't participated in any yet
Won the competition and other awards
Normitnated for 2 award result pending, won 3rd place in unicorn battle startup for Africa region