Facilitate payment services in Portuguese-speaking African countries; Customers will be able to make invoices available in real time and receive the same, traceability and guarantee of funds.
Propose to introduce a new means of payment - payment made through smartphone.
Smartphones represent about 40% of total mobile phones; its sale grows annually about 40%; Payments by this route will be a reality very soon, and the penetration rate of mobile phones in PALOP countries will be around Cape Verde (74.97), Sao Tome and Principe (61.97), Timor-Leste (53.42), Angola (46.69), Guinea-Bissau (39.21) and Mozambique, with 30.86 handsets per 100 inhabitants, that in 2010, already in 2016 the penetration rate has already exceeded 100 handsets per inhabitant in Cape Verde and trend in other countries Palop also the same.
In the case of this project, a solution has been developed, unique in the world, that will allow to make the payments by any smartphone, and in the near future, by all the mobile phones.
In addition, our solution also significantly reduces the cost of the terminal, which means that merchants do not have to pay any monthly fees and the cost of membership is very low.
Transaction rates will be lower compared to bank rates
On the other hand payments, there are several means of payment: money, checks, debit and credit cards among others. Each of these means has its strengths and weaknesses. For example, money is a very universal medium for making payments, but in some cases it is very limited: large sums, virtual space - online purchases. Cards also have many advantages, but they are not always acceptable.
The advantages are one of the central points of this project. Both worlds of consumer and merchant projects - would have the clear advantages in using this platform.
Our mission is to "Promote solutions that bring companies and consumers together and facilitate and add value to this relationship".
Provide payment integration services, application interfaces and access channels for companies and individuals to carry out all types of Digital Financial Services, integrated technology solutions and payment services in the PALOP's (African Portuguese Speaking Countries).
About the author
Young team of Africans building alternatives and solutions for Africans and third parties with regard to Africa, knowing the realities of the Portuguese speaking countries in Africa, with a view to developing the project to and from African countries of Portuguese expression, from customer to supplier , without intervening and guaranteeing greater profit between the parties and speed in the payment and collection services, as well as services transacted among the clients of the other countries.
Using a single API, ObaPay allows you to accept cash and mobile money, in addition to card payments and e-wallet payments;
Instant on-demand acceleration;
The promoters intend to start in Cape Verde to test the model and already, in 2019, launch it to the international markets.
By offering clear advantages, people's behavioral habits will be altered.
Budget and due dates
The idea is to launch the platform in the summer time that there are several events in African countries and with this to massify the use.
The main risks of the project are related to market acceptance - trust and people's habits. For customers to gain trust, communication will emphasize the security of this payment medium, which has high levels of data protection.
All donors who support the project receive the donated value plus 10% to 20% who can transact within the platform, to purchase goods or services, and can help the institution they find in Africa directly without intermediaries such as some sponsorship programs countries that you want to help in case.
The project is scheduled to be launched in May with the promotion and publicity of the brand in the African diaspora (Palop).
In June the same be launched in Cape Verde with the local population bringing the local services on the mobile platform.
Still in June markting of way to reach the merchants and bring services that can use and gain more customers as well as having a reduced cost;
For customers to have something fast easy to use without cost of use for payment for services or products on the platform plus product cost available in which you can earn points that can convert into cash and use on the platform;
In July prospecting to reach the market of São tome and Principe and Guine Bissau.
In October arrive in Mozambique and in December arrive in Angola.
