Aplauz offers prepaid digital credit purchased at physical retail locations for online spending. This allows users without traditional banking or credit cards to participate in e-commerce. By bridging the gap between offline cash and online transactions, Aplauz expands access to digital services and goods.
Funding
Funding not disclosed
Founders
Product
Problem
Many consumers lack access to traditional banking services or prefer not to share their financial details online due to security and privacy concerns. This limits their ability to participate in e-commerce and access digital goods and services. Existing prepaid solutions often lack flexibility in voucher amounts and convenient management tools.
Solution
Aplauz provides prepaid digital credit vouchers that can be purchased online or at physical retail locations, enabling users to make online payments without a bank account or credit card. Users can buy vouchers with specific amounts and spend them at participating online merchants. The Aplauz App allows users to store and manage their vouchers digitally, offering features like transaction history, biometric payment verification, and the ability to combine multiple vouchers. Aplauz also offers a "Kid's Voucher" feature, allowing parents to allocate funds for their children's online spending and monitor their transactions.
Target Audience
Aplauz targets consumers without credit cards or bank accounts, individuals concerned about online security and privacy, and parents seeking to manage their children's online spending.
Features
- Prepaid digital credit vouchers available for purchase online and in retail stores
- Aplauz App for iOS and Android to manage vouchers digitally
- Digital wallet functionality to store multiple vouchers and track transaction history
- Biometric payment verification for secure transactions within the app
- "Kid's Voucher" feature for parental control over children's online spending
- Direct Load feature to top up the digital wallet by showing a barcode to cashiers at supported retail locations
- Two user statuses ("Aplauz Plus" and "Aplauz Pro") with different spending limits and wallet balance limits
- Option to combine multiple vouchers for online payments
- Code lock feature to freeze lost vouchers