Malik Asamu
CEO/Co-founder
C
CashAfrica
CashAfrica provides a contactless payment infrastructure that enables users to make transactions in one second using existing POS devices through its CashTap technology. The platform addresses the challenges of payment accessibility and speed in Africa by offering instant transactions, mobile banking, and self-activated debit cards.
- Applications
- Financial Technology
- Software Only
Updated 6 months ago
Funding
Funding rounds are not available yet.
Founders
Product
Problem
In Africa, existing payment solutions often suffer from limited accessibility, slow transaction speeds, and a lack of convenient options for both consumers and businesses. This creates barriers to financial inclusion and hinders economic activity, particularly for those who rely on cash or lack traditional banking services.
Solution
CashAfrica provides a contactless payment infrastructure designed to enable fast and reliable transactions using existing POS devices. Through its CashTap technology and CashMobile application, CashAfrica offers users instant transactions, mobile banking capabilities, and self-activated debit cards. The platform aims to improve payment accessibility and convenience, offering features such as virtual cards, current accounts, and "CashPockets" for budgeting. For businesses, CashTap enables 3-second checkouts and easy onboarding, facilitating secure and encrypted payments.
Target Audience
CashAfrica targets consumers in Africa seeking accessible and convenient payment solutions, as well as businesses looking to provide faster and more reliable payment experiences for their customers.
Features
- CashTap technology enabling contactless payments on existing POS devices
- CashMobile app for managing accounts, making payments, and transferring funds
- Instant virtual cards for online and offline purchases
- CashPockets feature for organizing and budgeting funds
- Real-time notifications and in-app chat for support
- Self-activated debit cards for immediate use
- Mobile banking features, including current accounts and priority banking services
- Secure and encrypted payments with 3DS secure transactions