This post is published with permission from Alphaxard Ng’ang’a (firstname.lastname@example.org) – who has just invented this APP. Alphaxard is looking for government or private sponsorship to actualize his dream – see details at the end of the article
This is the ‘digital’ MPESA/MONEYGRAM/PAYPAL all in one. This is the NEXT BIG thing in Kenya as the government is encouraging digital transactions across all sectors
This is a phone application for smart phones running on various operating systems. It is intended to offer mobile money transfer, mobile banking and loan services. It solely relies on internet services to effect the transactions. The application offers instant services across the world. It uses US dollar as the standard currency while transacting across the borders.
One may use the local currency while transacting within borders. There will be agents worldwide to offer deposit, withdrawal and registration & upload of profile pictures services to customers.
The company will also have cyber agents to serve the population without smartphones. At a cyber agent one will be able to send & withdraw money, pay bill, buy airtime and access other account services.
To use the PESAPASS services you only need:
(i) The application itself (downloadable from a
(ii) Smart phone
(iii) Internet connection
(iv) Registered SIM Card from any network
INTEGRATION OF PESAPASS APP
A user friendly client download for smart phones will be available on a given website to
download. The user interface of this application once installed will be number sensitive, in that only a specific registered SIM Card can access the account. Once the SIM Card is changed the access into that account is blocked. If the new SIM Card is registered for the service, it will automatically change the account. So it is possible for an individual to have several accounts registered under different phone numbers operating on one application.
The main identification is the registered phone number. The application will be partially integrated with government database. Once you feed your mobile number during the installation process it is able to retrieve your name and you will have a chance to authenticate your identity with your national ID/passport number. (Note: The pilot is not integrated with National Data Base)
INSTALLATION OF PESAPASS APP
Download the android app (the pilot is running on android phones ONLY but the real app
should run on all mobile OS) before installation make sure you change your phone settings to allow installation of apps from unknown sources.
Use your real phone number i.e the one used to download the app. You can only register once. Once you register use your phone number and chosen pin to login.
MONEY TRANSFER USING PESAPASS APP
You can only send money to a registered user i.e the one with an installed app. To send money includes the country code of the recipient before his/her phone number. The transaction charge is 1% of the amount being transferred. To withdraw money from an Agent, use 10001 as the agent number. The transaction charge is 1% of the amount being withdrawn.
PAYBILL : EASILY PAY YOUR BILLS USING PESAPASS APP
This feature can be used to pay for: KPLC, DSTV, Shipping, Government Services, e.t.c Once you enter a business number a special menu of that business will be displayed.
The account can be linked with your real bank account where you can deposit/withdraw from your account. Overdraft -one can take unsecured loan (mshwari) Loan -one can also apply for a secured loan, the security being the guarantors
BUY AIRTIME USING THE APP
One can buy airtime for his number or sambaza to another number.
Offers such services as:
ministatement (the last 5 transactions)
full statement (select date from-to)
SPECIAL FEATURES OF PESAPASS APP
The app has its own inbox.
The settings icon >select how you login (Open, PIN, Username & PIN, Thumb print or Facial Recognition)
If the your account is open you may opt to secure your inbox with a pin. You can view your profile picture which must be uploaded by an agent to make sure it meets the required standards.
Anytime you make a transaction you will receive a notification which appears on top bar
of your screen (just like whatsapp)
This Dream Is Possible With Your Support
Alphaxard, a 5th year student at the University of Nairobi, is looking for ways to fund the actualization of this APP. Government and private sponsorship is the first option to fund the development of this APP. However, Alphaxard is open to partnership, if you organization is interested in mobile money transfer, this is the best opportunity.
And please, don’t thing in anyway of stealing this awesome idea – your comments are welcome
University of Nairobi
email@example.com (Contact him through this email – in case of difficulties – leave a comment below)
Published with permission