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The 1st Secure Online Neighborhood Cash Exchange Transfer Platform

Published by

Global-Innovation

Global-Innovation Exchange

Project start date: 3/19/2022

The 1st Secure Online Neighborhood Cash Exchange Transfer Platform

Nigeria

An innovative platform allowing users to access cash from local merchants instead of ATMs, providing financial inclusion and additional income opportunities for small merchants.

Scaling

1 - 6 months

$9,500.00

Last update: October 05, 2023

OverviewContributors

Challenge

Our solution addresses the problems of long queues at ATMs, lack of cash at ATMs and incessant hardware problems of ATMs.

Description

Cashurban allows access to cash from shops registered on our web application, providing financial inclusion and creating income for people in less ATM-deployed, semi-rural, and rural areas. Users can request cash within specific neighborhoods and merchants provide the cash upon request.

SDGs

Reduced InequalitiesIndustry, Innovation and InfrastructureDecent Work and Economic GrowthNo Poverty

Outcomes

Immediate access to cash without relying on ATMs Increased income for small merchants