Namibia - Business creation project

Describe your project or startup in a few words

THANK-YOU Wallet empowers communities by enabling direct, seamless payments to specific stores and service stations. Say goodbye to ATMs and cumbersome e-wallets—send funds instantly and shop or refuel effortlessly, all with a touch of personalized LOVE

01.01 Describe your project in more detail

THANK-YOU Wallet is a revolutionary financial app designed to streamline local transactions and empower communities by eliminating the need for ATMs and intermediary e-wallets. Users can send funds directly to specific retail stores and service stations, allowing beneficiaries to instantly access goods and services. THANK-YOU is the next step in mobile payments, combining the best of both worlds: Like Paypulse: Forget bulky wallets and credit cards! THANK-YOU lives on your phone, letting you pay conveniently at stores on the go by THANK-YOU wallet themselves. It has a two-way functionality. Like Digital Wallets: Send money instantly to loved ones. But THANK-YOU goes a step further - you choose the store where they can use it, ensuring they get exactly what they need. This disrupts the current system: pay directly at stores or send money for specific purchases. THANK-YOU wallet offers the flexibility of both, making it the ultimate mobile payment app for everyday heroes.

01.02 What is the main problem you are trying to solve?

The main problem THANK-YOU Wallet aims to solve is the inconvenience and inefficiency associated with traditional banking methods and intermediary e-wallets for local transactions. People are tired of relying on ATMs to withdraw cash for everyday purchases and services, which often leads to long lines, limited access, and extra fees. Additionally, existing digital wallets, while popular, still require multiple steps and may not provide direct access to specific stores for beneficiaries. THANK-YOU Wallet addresses this by enabling users to send funds directly to retail stores and service stations, allowing recipients to instantly access goods and services. This eliminates the need for cash withdrawals and intermediary steps, making transactions faster, more convenient, and more secure. By streamlining the payment process and promoting direct store payments, THANK-YOU Wallet empowers communities, supports local businesses, and enhances overall financial accessibility and convenience.

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

Targeted Support & Convenience: Skip the back-and-forth of cash handoffs or generic money transfers. Send money directly to specific stores, ensuring your recipient gets exactly what they need (groceries, gas, etc.) without needing to withdraw cash or transfer funds again. It's a thoughtful and convenient way to show you care. Ditch the Cash & Embrace Mobility: THANK-YOU eliminates the need for bulky wallets and frequent ATM visits. It lives conveniently on your phone, allowing you to pay directly at stores or send support on the go. Enjoy the ease and security of mobile payments for all your needs. Financial Inclusion for Everyone: THANK-YOU empowers those without traditional bank accounts or credit cards. They can participate in the digital payment ecosystem, make purchases directly at stores, and receive targeted support from loved ones without relying solely on cash.

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

Individuals: You can finally manage all your payments – in-store purchases for yourself (coffee, groceries) and sending support to loved ones (gas for a friend, groceries for parents) – through a single, user-friendly app. No more juggling cash or generic money transfers. Express gratitude with a practical gift that ensures they get what they need. Retail Stores: Attract new customers and streamline micro-transactions! THANK-YOU is perfect for small and medium businesses (SMBs) like gas stations, convenience stores, and coffee shops. Large retail chains can also benefit by offering THANK-YOU as a payment option to enhance customer loyalty and encourage frequent, targeted purchases. THANK-YOU's magic lies in its versatility: Seamlessly switch: Effortlessly transition between making your own in-store purchases and sending support to others – al

01.05 When did you start working on your project?

2021-10-01

01.06 How many other partners are associated with your business venture?

2

01.07 Among the other partners, how many are female?

1

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

Jacob Mudago Project Manager, 10 years of expierience

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

https//.thankyouwallet

01.10 Which industry best describes your project?

h) IT (digital services, equipment and software)

02.01.01 My project contributes to the No poverty goal

6

02.01.02 No poverty - Justification

THANK-YOU Wallet promotes financial inclusion for the unbanked/underbanked, potentially increasing access to essential goods and reducing cash fees. It can also create job opportunities in the development and maintenance of the app. Additionally, by attracting new customers to local stores (who receive a small % of each purchase), THANK-YOU can boost local economies and livelihoods. However, large-scale adoption remains crucial for significant impact.

02.02.01 My project contributes to the Zero hunger goal

5

02.02.02 Zero hunger - Justification

THANK-YOU Wallet contributes to addressing hunger by facilitating direct payments for essential goods like groceries and food. Users can send funds directly to retail stores, ensuring that beneficiaries have immediate access to nutritious food without delays or financial barriers. By streamlining the process of purchasing food, THANK-YOU Wallet promotes food security and helps alleviate hunger in communities, particularly for vulnerable populations who may struggle to access sufficient food resources.

02.03.01 My project contributes to the Good health and well-being goal

1 - Strongly Disagree

02.03.02 Good health and well-being - Justification

02.04.01 My project contributes to the Quality education goal

5

02.04.02 Quality education - Justification

THANK-YOU Wallet can facilitate payments for educational expenses, such as school fees, books, and supplies, directly to educational institutions or stores. This ensures that funds intended for education are used appropriately and helps support students' access to necessary resources for their studies.

02.05.01 My project contributes to the Gender equality goal

5

02.05.02 Gender equality - Justification

Financial Independence: THANK-YOU Wallet can empower women by providing them with a secure and accessible way to manage their finances. This can be especially helpful for women in underbanked communities or those facing economic hardship. Reduced Reliance on Others: The ability to send and receive targeted support through THANK-YOU Wallet can lessen a woman's dependence on others for basic necessities. This can be particularly empowering for women in situations of domestic violence or economic control. Supporting Female-Owned Businesses: By encouraging users to direct their support to specific stores, THANK-YOU Wallet can potentially drive customers towards female-owned businesses, contributing to their economic success.

02.06.01 My project contributes to the Clean water and sanitation goal

2

02.06.02 Clean water and sanitation - Justification

N/A

02.07.01 My project contributes to the Affordable and clean energy goal

2

02.07.02 Affordable and clean energy - Justification

02.08.01 My project contributes to the Decent work and economic growth

5

02.08.02 Decent work and economic growth - Justification

Job Creation: The development and maintenance of THANK-YOU Wallet can create job opportunities in the tech sector, contributing to decent work. Increased Sales for Stores: By attracting new customers to local stores, THANK-YOU Wallet can boost their sales and potentially lead to the creation of new jobs within those businesses. Financial Inclusion for the Unbanked: THANK-YOU Wallet can empower the unbanked/underbanked to participate in the digital economy, potentially leading to new business opportunities and income generation for some individuals. Limitations: Indirect Impact: The connection between THANK-YOU Wallet and job creation or economic growth is indirect and depends on several factors like user base and integration with local businesses. Scalability Required: To have a significant impact, THANK-YOU Wallet would need widespread adoption by both users and stores, potentially requiring partnerships and integration with existing infrastructure.

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

Financial Innovation: THANK-YOU Wallet offers a new approach to mobile payments by combining targeted support with in-store purchases. This innovation can improve efficiency and convenience for users and stores alike. Financial Inclusion Infrastructure: THANK-YOU Wallet addresses the gap for the unbanked/underbanked by providing a mobile payment option that doesn't require traditional bank accounts. This fosters financial inclusion and expands access to the digital financial ecosystem. Improved Payment Infrastructure: By potentially streamlining micro-transactions and integrating with existing store systems, THANK-YOU Wallet can contribute to the development of a more efficient and inclusive payment infrastructure.

02.10.01 My project contributes to the Reduced inequalities goal

7 - Strongly Agree

02.10.02 Reduced inequalities - Justification

THANK-YOU Wallet plays a crucial role in reducing inequality by promoting financial inclusion and empowering underserved communities. By providing a user-friendly platform for direct payments to retail stores and service stations, the app ensures that all individuals, regardless of their access to traditional banking services, can participate in the economy. Additionally, THANK-YOU Wallet's profit-sharing model with local stores helps redistribute wealth more equitably by incentivizing support for small businesses and sharing profits with the community. This fosters a more inclusive economic environment where everyone has the opportunity to benefit from and contribute to economic growth. Overall, THANK-YOU Wallet contributes significantly to reducing inequality by democratizing access to financial services and promoting equitable economic participation.

02.11.01 My project contributes to the Sustainable cities and communities goal

5

02.11.02 Sustainable cities and communities - Justification

THANK-YOU Wallet promotes sustainable cities and communities by fostering local economic development and supporting small businesses. By incentivizing customers to patronize local stores through profit-sharing arrangements, the app encourages the growth of small businesses, which are integral to the fabric of sustainable communities.

02.12.01 My project contributes to the Responsible consumption and production goal

2

02.12.02 Responsible consumption and production - Justification

N/A

02.13.01 My project contributes to the Climate action goal

1 - Strongly Disagree

02.13.02 Climate action - Justification

N/A

02.14.01 My project contributes to the Life below water goal

1 - Strongly Disagree

02.14.02 Life below water - Justification

N/A

02.15.01 My project contributes to the Life on land goal

1 - Strongly Disagree

02.15.02 Life on land - Justification

N/A

02.16.01 My project contributes to the Peace justice and strong institutions goal

3

02.16.02 Peace justice and strong institutions - Justification

N/A

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

THANK-YOU Wallet actively promotes partnerships for the SDGs by fostering collaborations between users, local businesses, financial institutions, and community organizations. The app's profit-sharing model incentivizes partnerships between users and local stores, driving economic growth and community development. Additionally, THANK-YOU Wallet can partner with financial institutions to enhance access to banking services and promote financial literacy among underserved populations. Moreover, the app can collaborate with community organizations to address specific challenges and leverage resources for the collective achievement of sustainable development goals. By facilitating these partnerships and collaborations, THANK-YOU Wallet contributes to the broader agenda of sustainable development and partnerships for the goals.

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

6

05.02 The product/service we envision creating represents an entirely new type of product/service.

3

05.03 The product/service we envision creating could be described as a new technology.

4

05.04 The product/service we envision creating is an improvement on an existing product or service.

7 - Strongly Agree

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

7 - Strongly Agree

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

05.07 The product/service we envision creating is a new version of an old product/service.

4

05.08 Justification

THANK-YOU Wallet builds on established mobile wallet technology but injects a key innovation: targeted support. This feature elevates it from a simple payment system to a tool with social impact potential. Targeted Support: The Differentiator Existing mobile wallets focus on transactions. THANK-YOU Wallet allows users to designate funds for specific purchases within stores (groceries, medication). This is helpful for: Supporting Loved Ones: Users can directly assist friends or family facing financial difficulties. Practical Gifting: THANK-YOU Wallet offers a convenient way to send practical gifts that address specific needs. Beyond Transactions: Reduced Stress & Well-being: Knowing they can directly support basic needs can alleviate stress for both giver and receiver. Financial Inclusion: THANK-YOU Wallet empowers the unbanked/underbanked to participate in a digital support system. Local Business support

05.09 Who are your main potential competitors and what makes you stand out from them?

THANK-YOU Wallet enters a dynamic Namibian mobile payment landscape with established players like local mobile wallets (e.g., Nedbank MobiMoney, Bank Windhoek EasyWallet).THANK-YOU Wallet stands out in the fintech landscape by offering a unique combination of features tailored to the needs of users and local businesses. Its direct payment feature enables seamless transactions, bypassing the need for intermediary e-wallets or physical cash. The app's profit-sharing model incentivizes users to support local businesses, fostering community engagement and economic growth. THANK-YOU Wallet also leverages digital innovation to provide a user-friendly platform for managing finances, promoting financial literacy and empowerment. By aligning with regional values and customs, THANK-YOU Wallet establishes itself as a trusted partner in the local ecosystem, setting it apart from traditional banking services and generic fintech apps.

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

No