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From Fun to Business: How Fintech is changing A...

From Fun to Business: How Fintech is changing Africa

Otemuyiwa Prosper

November 27, 2017
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  1. ❖ Software Developer ❖ Open Sourcerer ❖ Self-Acclaimed Developer Evangelist

    ❖ Community Builder ❖ Jollof Rice Ambassador ❖ Google Developer Expert ❖ Live in Lagos, Nigeria
  2. First: Some Statistics 4 ❖ Population without a bank account

    - 40% ❖ Bank ATM per 16,000 people - 1 ATM
  3. - Interaction between developer community members cultivate Ideas. - Ideas

    breed Products. - Products need to be accessible by a selected few or a billion users.
  4. - Hub8 needed to expand. - Africa is an emerging

    market. Massive population. - Hub8 chose Nigeria. - Hub8 needed to offer services to developers, technology enthusiasts and people needing an online presence.
  5. Why RavePay? - Hub8 19 ❖ Payment via cards -

    Visa, MasterCard, Verve ❖ Payment via bank accounts ❖ Payment via USSD ❖ No additional integrations for expansion into South Africa, Kenya, Ghana and other African countries.
  6. Case Study: MegaBet 23 ❖ Online Gaming Service ❖ Needed

    to expand to the African market. Got into the Nigerian scene. ❖ Needed a seamless way of accepting payments. URL: https://mobile.megabet.ng
  7. Case Study: MegaBet 24 ❖ Integrated RavePay ❖ Payment via

    cards - Visa, MasterCard, Verve ❖ Payment via bank accounts ❖ Payment via USSD
  8. Case Study: Thrivesend 25 ❖ Online Money Transfer Service offering

    very low transfer charge rates ❖ Send money from your card to any Nigerian bank account ❖ Local or International Visa, Mastercards URL: https://thrivesend.com
  9. Case Study - Wallet 29 Wallet.ng - Get Paid easily

    with just a link ❖ Payment via cards - Visa, MasterCard, Verve ❖ Payment via your Wallet
  10. Case Study: Jollof Festival 32 ❖ Several Food Vendors present

    at the event ❖ Customers can pay with cash or on the spot bank transfers But, who still carries cash around?
  11. Case Study: Jollof Festival 33 ❖ Integrated RavePOS ❖ Vendors

    received payments from customers via card, bank account and USSD. ❖ Payment via Phones made easy with USSD - *402*MerchantID*Amount# Solution
  12. Quick, Secure, Fast Solution: RavePay 35 ❖ No Setup Fees

    ❖ Multi-company support ❖ Multi-currency support ❖ Transaction fees ❖ Rave Point of Sale ❖ Python, JS, Ruby, Cordova, iOS, Android SDKs URL: https://ravepay.co