GEM Payment Services
Stage: prerev
Industry: ICT / Telcom: Other Telecommunications
GEM offers a mobile payment platform to reward social action. Following which it will offer financial services to the unbanked RSA pop.
Most low-income individuals don't qualify for bank accounts in RSA. Some of them are black-listed. Some, plainly put, don't trust banks.
Create mobile wallet whereby cash is stored on phone but can only be earned by doing good deeds in the community, answering USSD trivia etc.