CEO of World Remit recently announced that close to 50% of
all remittances into Africa are in the form of airtime (or credit) to mobile
phones. Airtime is a popular form of remittance especially because as a storage of e-value it is generally
several factors cheaper to transmit AND spend than cash (over mobile network).
Airtime remittances must be contextualized. They are one of
many channels that family members separated internationally are using to help
each other. Cash remittances over formal remittance providers (World Remit,
Western Union, Banks) amount to approximately half a trillion dollars per year.
Cash and in kind donations that are cannot be tracked are yet another channel.
At M-Changa we provide a platform for contextual mobile
phone based fundraising. M-Changa’s ultimate goal is to give individuals and
organizations the most efficient and affordable fundraising experience.
Naturally, having multiple channels to allow participation is a key feature for
M-Changa’s contextual fundraisers. Removing barriers to participation allows
for context to be maintained and the true interactive nature of fundraising to
be achieved.
Therefore, recent Interesting developments in the crypto
currency space such as Bitrefill and
allowing for airtime purchases to be made through Bitcoin, are of great
interest to us. M-Changa plans to announce cryptocurrency integration with
BitPesa in May 2015!
Kyai Mullei
CEO
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