Pipit Global offers a digital and cash transaction platform that connects payment institutions to facilitate domestic and international payments in emerging markets. Their B2B solution enables users to pay bills, shop online, and make deposits without needing a bank account, streamlining cash collection through a secure API integration.
Funding
Funding not disclosed
Founders
Product
Problem
Migrants often face high fees and limited access to traditional banking services when sending money home to pay bills for their families. This can result in a significant portion of their earnings being lost to transaction costs, creating a financial burden and hindering their ability to support their families effectively. Additionally, many recipients in emerging markets lack bank accounts, making it difficult to receive funds digitally.
Solution
Pipit Global offers a B2B platform that connects payment institutions to facilitate secure and efficient domestic and international payments in emerging markets, bridging the gap between cash and digital transactions. The platform enables users to pay bills, shop online, and make deposits without needing a bank account, streamlining cash collection through a secure API integration. By partnering with payment platforms and collection agents, Pipit Global allows migrants to pay bills directly for their families in their home countries using cash, reducing remittance costs and ensuring secure transactions. The platform generates barcodes for transactions, which can be paid at physical collection points. Once payment is confirmed, the biller is updated, ensuring transparency and reliability.
Target Audience
Pipit Global primarily targets payment platforms, eWallet providers, and billers operating in emerging markets, as well as migrants who need a cost-effective and secure way to pay bills for their families back home.
Features
- API integration for seamless connectivity with payment platforms and collection networks
- Barcode-based payment system for secure cash transactions at collection agents
- Real-time notification system for payment confirmation and bill status updates
- Support for various payment types, including bill payments, online shopping, and deposits
- Integration with multiple payment platforms active in Africa, India and the Philippines
- Cash loading capabilities for eWallets
- Offline payment processing to minimize online security risks