Litepay
Litepay
PAYMENT FOR MODERN RETAIL
PAYMENT FOR MODERN RETAIL
OVERVIEW
OVERVIEW
Litepay is a payment infrasructure targeted at helping
businesses digitize their payment processes with focus
on encouraging loyalty through a reward system that would
improve retention.
Litepay was birthed out of the passion to help businesses
that are not tech savvy embrace technology in processing
their payment activities. Litepay came up with few products
that would assist these businesses in improving their
payment processes
Litepay is a payment infrasructure targeted
at helping businesses digitize their payment
processes with focus on encouraging loyalty
through a reward system that would
improve retention.
Litepay was birthed out of the passion to
help businesses that are not tech savvy
embrace technology in processing their
payment activities. Litepay came up with
few products that would assist these
businesses in improving their
payment processes
CHALLENGE
CHALLENGE
Over the years most fintech solutions have not been able to
solve instant payment transaction. There's always complaints
of bad or no network, failed or reversed transactions. Meanwhile
if we are going to implore businesses that are not tech savvy to
embrace digital payment processes, then we have to ensure we
are building a reliable payment infrastructure. These people already
have trust issues, we cannot afford to add to their problem.
Over the years most fintech solutions
have not been able to solve instant
payment transaction. There's always
complaints of bad or no network, failed
or reversed transactions. Meanwhile
if we are going to implore businesses that
are not tech savvy to embrace digital payment
processes, then we have to ensure we
are building a reliable payment infrastructure.
These people already have trust issues, we
cannot afford to add to their problem.
BRAINSTORMING
BRAINSTORMING
The client already have a direction on what they wanted to build,
so the first thing we did was to hold sessions of brainstorming on
the user flows and possible what-nots. During these calls we took
out time to understand the problem and iterated on possible solutions;
Litepay to litepay transaction for fast and instant payment
Loyalty cards for transaction
Mobile POS and app
TARGET AUDIENCE
At first we thought of coming up with a USSD solution for individuals
who are not tech savvy but then we resorted to using physical cards
that can be credited by merchants near them. Merchants are SMEs ,
stores, filling stations etc.
At first we thought of coming up with a USSD
solution for individuals who are not tech savvy
but then we resorted to using physical cards that
can be credited by merchants near them.
Merchants are SMEs, stores, filling stations etc.
The client alreadyhave a direction on what they
wanted to build, so the first thing we did was to
hold sesions of brainstorming on the user flows
and possible what-nots. During these calls we
took out time to understand the problem and
iterated on possible solutions;
Litepay to litepay transactions for fast and
instant payment
Loyalty cards for transaction
Mobile POS and app
THE SOLUTION
Mobile POS for businesses
With the POS, businesses can receive payment, help customers
activate and recharge their cards
THE SOLUTION
Mobile POS for businessess
With the POS, businesses can receive payment,
help customers activate and recharde
their cards.
Cards
Individuals can use their cards to make payments, they can as well
credit the cards through merchants near them.
Mobile app
The tech savvy can use their mobile apps to make payments, we are building an ecosystem of litepay -to-litepay
infrastucture, So SMEs that uses our POS (Point of sale) app can only receive payment from a litepay app.
Cards
Individuals can use their card to make
payments, they can as well credit the cards
through merchants near them.
Takeaways
This project literarily was an interesting one, i enjoyed every brainstorming session, we meet every 2weeks for
virtual calls to share feedback and progress. I'm hopeful that this solution would help reach out to the underbanked
and lead to inclusion, everyone should have access to instant and easy payment
Takeaways
This project literarily was an interesting one,
i enjoyed every brainstorming session, we
meet every 2weeks for virtual calls to
share feedback and progress. I'm
hopeful that this solution would help
reach out to the underbanked
and lead to inclusion, everyone
should have access to instant
and easy payment
Feedback
We shared the interactive prototype with few petrol stations (SMEs) and they found it interesting,
this sounds good as it helps us understand we are truly solving a problem. Presently faced with understanding
CBN laws and how it affects the process before we push forward for implementation.
Feedback
We shared the interactive prototype with few
petrol stations (SMEs) and they found it interesting,
this sounds good as it helps us understand we are
truly solving a problem. Presently faced with
understanding CBN laws and how it affects
the process before we push forward for
implementation.