Afri-Solutions Limited, intends to bring a disruptive fintech solution in Mobile money/bank industry, solution known as v-Money(virtual money) shall enable topping up/depositing of e-money(electronic money) in “Mobile Money Agents eFloat Accounts” through scratch off cards(v-Money vouchers/cards),Agents Such as Airtel Money,Mpesa etc Optional; Top up can be done by clients.
(i)Demand of eMoney deposit is very high compare the supply,Currently Mobile Money Agents top up eMoney in their eFloat Account to increase balance by going to banks, there are no other reliable Alternative where they can deposit/top up eMoney to increase their balances and do business.
(ii)Most Banks branches are Scattered and most close at 4pm,Once bank closes Agents also close the business.
(iii)Agents waste time going to banks,stay in ques and wait for top-up process done manually by bank teller, this lead to insufficient of e-float more often,therefore agents fail to transfer e-money when requested by mobile money clients .
v-Money vouchers shall be other eMoney depositing/topping up technique which will easy reach majority Agents due to the use existining distribution channels within Agents working areas such as airtime physical voucher dealers,same dealers shall distribute v-Money vouchers.
v- Money will become the way to go for easy access,secure & fast eMoney depositing technique for mobile money agents.v-Money will widen Mobile Money Agent Network therefore increase usage of financial services.