Our mission is to make finance easy for people in Africa and support them with smartphone apps for payments, lending and savings.
PalmPay is your modern financial partner that helps you transfer money to friends and family, pay for goods and services and earn rewards as you spend (PalmPoints). In the future we will add the ability for our customers to save with their friends and borrow money (these use cases will be launched as separate apps to start with). Cash in and cash out is done in-app via bank or mobile money transfer and a network of offline agents.
We want to incorporate social features into the app as well: send money to each other, save with a group, guarantee your friends for a loan, find out who else is using the app, provide cash in and cash out services .
PalmPay is available to anybody with a smartphone. We will launch this app in several African countries. I expect our initial customer segments to be entrepreneurs and young professionals, although this is by design a mass market product.
- Support (we support our customers as they build their financial lives, businesses, future);
- Modern (we are the financial partner for today's way of doing things - pioneering functionality such as loyalty points, great UI design and frictionless user experience in Africa)
- social (our vision is for our products to fit in with African cultures - here's a good blog post about what we're aiming towards: http://fsdkenya.org/blog/what-do-ke…roviders/)