DéMars Introducing the DMC money transfer App.
DéMars is focussed on enabling instant cross border micropayments within and to Africa. Primarily for inter-African migrants and the diaspora.
We make it possible to send less than $10 back home, at a cost of no more than 1%, in real time.
So fees start at less than $1 for an instant internal transfer.
Cross border payments between, to and from, countries on the African continent are the most expensive in the world.
More people migrate within the African continent than from it. Often they don’t have enough money to send home as they can’t meet the minimum payment thresholds and fees set by money transfer operators.
DéMars are solving this problem by:
– Building a payments network which bypasses the old swift system
– Delivering wallet apps, like the DMC android wallet, to transact and exchange assets
– Issuing digital assets, which can distantly be exchanged and redeemed for government cash or goods and services
We have significant traction on our wallet and have connected South Africa and Nigeria to date, with Kenya and Zimbabwe coming on board soon.