avivpay is a geo-location enabled fintech platform that allows users to access cash instantly through their smartphones by connecting them with nearby Instant Money Providers. This service eliminates the limitations of traditional POS and ATM systems, providing a more accessible and efficient cash withdrawal solution.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional cash access relies on ATMs and POS systems, which can be geographically limited and require specific infrastructure. This creates inconvenience for users in areas with sparse ATM coverage or when POS systems are unavailable.
Solution
Avivpay is a geolocation-based fintech platform that connects users needing cash with nearby "Instant Money Providers" (IMPs) via a smartphone application. Users can request cash through the app, and the platform matches them with the closest available IMP. Once an IMP accepts the request, the user meets the provider to collect the cash. This system aims to provide a more accessible and readily available cash withdrawal solution compared to traditional methods.
Target Audience
Avivpay targets individuals who need immediate access to cash and Instant Money Providers (IMPs) looking to earn income by providing cash withdrawal services.
Features
- Geolocation-based matching of users and Instant Money Providers (IMPs)
- Mobile application for requesting and providing cash
- User wallet funding for initiating cash requests
- IMP network for fulfilling cash withdrawal requests