independent money transaction paying system

In most countries Malawi inclusive most things have been made to be bought and served digitally which are essential to human being living. Things like electricity, water, phone even television services as well as paying for national examination fee for the student etc.. However not most people mainly in rural areas have got the means to be able to buy and be served by them services. The reason being that it is hard for them to be able to purchase them service since most of them still tends to use cash as means of finance transaction, that is the main problem which the business is trying to solve. It is trying to make it easy as possible for people to be able to acquire them services easy as possible in them areas which the resides without the need of going to a major town centre

The business will like to introduce and independent money transaction payment system which is going to be back up by a very good hardware which are going to be used for the purchasing of the services. The business will like to introduce a very good business independent money card which is going to be backup with a network of essential gadgets. Central to this is going to be a selling kiosk which is going to be deployed to agents in so many location on which the population is going to be able to purchase all the services in the country which are meant to be purchased digitally. The selling kiosk is the one which is going to make it easy for people even in rural areas mainly to be able to travel a very short distance, just to their local shop and be able to access all the service which they will require easily. That is the solution which the business is offering to the country to hep them people who are unbanked or do not have any access to any form of banking to be able to access them services

The solutions is trying to serve the way the people in the locations which they resides at the moment some even in rural areas who are unbanked or don’t have access to any digital finance services can be able to access the services which are digitally easily. This is something which the business feels that it is missing link to make the digital services which have been highly promoted by so many companies but it is becoming hard for so many local people in the areas which the resides to be able  to access them. For instance for the person who does not have the phone he is unable to purchase electricity units for the house and he will have to travel very long distances sometimes to find and agent who is able to sell the unit and those agent in the country are very far apart and when it happens sometimes during odd hours the person is able to stay up to the following day. This can be solved with the business project because with the selling kiosk in the nearby trading center he is going to be able to purchase them services. If the selling kiosk are going to be available in other locations like most petrol filling station it means them service are going to be able to be available 24 hrs. to the population

So far the team is some well placed to solve the problem because it has experienced first-hand what the problem is and how it will like to be solved. They might a need of some sort of professional skills like IT and hardware manufactures to be able to work with the team on which as the business is has already had some leads which are able to make what the business us mainly looking for at the moment

The business is at the moment in the process of putting up together the software which is going to be serving the system as well as it is in the process of acquiring the necessary hardware to be able to back up the venture properly. 

none it is in the prototype stage

The business is mainly applying to solve in order to get exposure to potential partners who can be able to partner with the business to help it mainly in implementing the project. the partners mainly who are potential investors who can be able to offer some funds in the business in exchange of a certain amount shares depending on the amount they are willing to offer the business. The business is mainly looking for investor who are already well acquainted with fintech because they can be able also to offer some technical expertise to the business

The solution to the problem is innovative becasuse it s helping in a way to deploy in the rural areas the necessay matertial to make the service which is wants in a very simple way. it is not letting the customers to be the one to be soucing the required matertial the way the other are doing. the business is the one which is going to be offering the ageant with the selling kiosk on which they are going to be able to seve the customers on it as well as it the one which is going to be selling to them the cards to be part of the networkd on which they are going to be able to access all the service which are going to be able to be supplied by the selling kiok.

not only that the other issue it that this project it innovatie becasue it is bale to bring all the necessary servces which people needs on one trading phsycial plantorm which is not the case at the moment. the selling kiosk which the business is going to offer is going to be able to sell the electrcity unit , water units phone, televsion services.

this selling kiosk is going to be able to be deployed anyway including in areas which are very remote becasue all it will need is the source of electircy on which it has been design that it just need to be recharged as well as it just need a pla where ther is a mobile phone network available

the impact goals for the next couple of years are

fistl the business will like t make it easy for people in rural areas to have the esscential seriveices which are served digitally nowdays readyl  avaible them even on very awkard hours.meaning thateven in very rural areas a personal can be able to travel to a near by shop or agent and be able to purchase the electricty or water unit if he happens to have run out of them

the othe is that people could be able to receive funds easy and be able to access them even use them to acquire what the y what i a very good easy manner.for example if someone ask a peson to by  elecrcity o water unit which are the ones which people tend to ask friends to offer them a favor they can just be able to send the funds to the card and the person acan just be able to puchace them on the kiosk. they reasoneing that most people in rural areas up to now to not have access to phone later on smart phone and they do not kow much about mobile money transfer.

the card which the  business is going to be offering to them can be this material which the people can be able to send money to them as well as they can be able to use it for the purchase of their digital serives.

the more the people in rural areras the can be able to have this card the money the impact is going to be felt evevn to the rural area liveshoold because the agen tconcern can act like a single point where all the esscical didigtial serive are being able to be offered

the project is in a way enabling people in rural areas who happen to be unbanked to be able to be somehow acquired services which are mainly accessed or required some to be someone in a way consired himsel banked. the serive which are mainly served digitally needs someone to be well banked and it has porven to be hard for people in rural areas to be able to have access to them. therefore this project is helping to make them people to have them sevices.

this solution is able to have a very good impact on the problem it is trying to solve becasue it is making easy as possible for the people who it is tragerting to be able to have the service which they are having diffcult to access at the moment and it other cases they arer even overchanged but they are just easyil oblige becasue they do not have  the alternative. for instance when people n rural areas what to by electrcity unit they only option which thay have it to use people who have a mobile phone and he will have to use his money in his phone. The owenr of the people tends to overchagr them but they do not have the choice becaue they needs it the unit. that is what the soloution is trying to solve it is mainly going to make everybody in the community to be able to have the abilityto acquire the service he want. all he needs is the card on which he can be able to acquire easily becuse it is not that expensive and be able to visit any of the agent which arer going to be well within the community on avery shop petro sataion an dbe able to acuidue them units and be able to access the service which are sold and are meant to be served didigitally

the core thing which powers the solution of the problem is mainly the software and the well made hardware which is meant to be hosuing it to make the side transcation to be easy as possible. the hardware is desing to make it easy that it can be able to be deployed to most rural areas and it will have not to be attracted to thieves. it is made unqiquely for the business software on whihc even other peopel if they happen to steal it they can not be able to put it to any other other use.

alos on top of that all the hardware are going to be connected to a sinngle network which is going to be making it easy for monoitoring the activity of the business.

the business is mainly going to be making its money from the serive fee which is mainly going to be charging the servive providers mainly. for them the serives which they are offering are menat ot be essceiantil to the popluaiton and it is by law that hey have to be able to offer very good ways on how best they can be able to have people access them. for instance the business is going to be charging the electricty commison or the wate board for the service which the are going to be able to have the client access their unit. the fee is going to be able to cover the business fee as well as the comossion which the agent will have to have

when it comes to other serives the business is going to becharging the coustmerr on his card depending on the serive which the coustmer access. for instance for someone to use the card for wothdrawing money is going to be chaged more that when he use the money in the card to pucahe things in the shop

the business tends to raise money at the begingi from grants and trying to rase capital from investors or angels. this is mainly going to be at the begingin bbut if it will be bale to acquire more people to be its coustmers as well as have the kiosks well spread in the country in various location the business is bout to make enough money to make it more sustainable

most other business which have embaked on the business like the one which the business is advocation has managed to be succeful.the more the people they can be able to put them on their book the more serive fee which is able to coverr ther expensive and even profit is made