Nigeria - Business creation project

Décrivez votre projet en quelques mots

HOMA Pay is a project from a startup company - HOMA Technologies that proposes a cashless payment system that will cause the total evolution of a cashless economy.

01.01 Décrivez votre projet en détail

HOMA Pay is a cutting-edge cashless payment system designed to advance a cashless economy. It replaces traditional ATM cards, machines, and POS devices, enabling seamless payments with a HOMA debit card. This system includes a personal HOMA debit card and a HOMA machine for processing transactions. The card features a fingerprint scanner, rubber buttons for inputting figures, a mini screen, and various scanner options. The HOMA machine, available as personal or public devices, boasts a display screen, laser scanner technology, and solar power capability. It scans the card almost contactless and completes transactions in seconds. HOMA Pay eliminates the need for cash, allowing users to carry digital funds and make payments globally with ease and security. The goal is to establish a truly cashless economy where payments can be made effortlessly, anywhere and anytime, with the accessible HOMA card and device.

01.02 Quel est le problème principal que vous essayez de résoudre ?

HOMA Pay addresses key issues: - Minimizes theft, counterfeiting, and fraud associated with cash. - Eliminates the need to carry and manage physical money. - Streamlines payment processes to save time and reduce transaction delays. - Provides a universally accessible payment method available anytime, anywhere. - Lowers costs related to cash handling, ATM maintenance, and transaction fees. - Offers broader access to banking services for unbanked and underbanked populations. - Reduces the environmental impact by decreasing the need for physical money production and distribution. - Utilizes modern technology for secure, fast, and contactless transactions. HOMA Pay promotes a secure, efficient, and convenient cashless economy. It enhances financial inclusion and facilitates global transactions with ease and security. This innovation supports the transition to a fully cashless society, solving the problems inherent in traditional payment systems.

01.03 Dites-nous quels sont les principaux avantages et/ou bénéfices de l'utilisation du produit/service que vous souhaitez fournir par votre projet (au moins 3).

The major benefits of HOMA Pay include: 1. Enhanced Security: Minimizes theft and fraud with secure, contactless transactions and advanced authentication features like fingerprint scanning. 2. Convenience: Eliminates the need for physical cash, offering seamless payments anytime, anywhere, with a universal HOMA debit card. 3. Cost Efficiency: Reduces expenses associated with cash handling, ATM maintenance, and transaction fees, making financial transactions more economical for users.

01.04 Veuillez décrire précisément à qui s'adressera le produit/service de votre projet. Quels sont les bénéficiaires visés ?

HOMA Pay targets a broad spectrum of users, including individuals, small and large scale businesses, transportation services, religious institutions, and financial institutions. It aims to serve anyone seeking secure, convenient, and efficient payment solutions, from everyday consumers to merchants and banks. The project particularly benefits those looking to transition to a cashless economy, including urban populations, travelers, and those without access to traditional banking services.

01.05 Quand avez-vous commencé à travailler sur votre projet ?

01/01/2023

01.06 Combien y a-t-il de propriétaires sur votre projet en plus de vous ?

6

01.07 Parmi les autres propriétaires, combien sont des femmes ?

2

01.08 Veuillez décrire le profil des autres propriétaires de votre projet (compétences, expérience, etc.).

Golden Azubuike - Software Engineer Monday Etop - Hardware Engineer Emmanuel Edet - Electrical Engineer Ubongabasi Akpabio - Data Analyst Precious Akpabio - Marketing Director Mkpoikanke Edet (CEO PowerLabs) - Production partner

01.09 Si vous avez un site web, une page sur les médias sociaux (Facebook, Instagram, Linkedin...) ou une application, veuillez fournir le(s) lien(s) ici :

https://www.linkedin.com/company/homa-group-ltd

01.10 Quel est le secteur d'activité qui décrit le mieux votre projet ?

h) Technologies de l'information (services numériques, équipements et logiciels)

02.01.01 Mon projet contribue à l'objectif 'Pas de pauvreté'

6

02.01.02 Justification de la contribution de mon projet

HOMA Pay contributes to the United Nations Sustainable Development Goal of No Poverty by promoting financial inclusion and reducing economic disparities. By providing universal access to secure and efficient payment solutions, especially for unbanked and underbanked populations, HOMA Pay empowers individuals and communities to participate more fully in the formal economy. This access to digital financial services enables people to save, invest, and transact without the barriers posed by traditional banking systems, ultimately helping to lift them out of poverty and build a more inclusive society.

02.02.01 Mon projet contribue à l'objectif 'Faim Zéro'

5

02.02.02 Justification de la contribution de mon projet

HOMA Pay directly contributes to financial inclusion and economic empowerment, key elements in addressing poverty. By providing accessible and efficient payment solutions, especially to marginalized communities, it empowers individuals economically, potentially lifting them out of poverty. However, while impactful, its focus is primarily on financial services rather than broader poverty alleviation measures, justifying a rating of 5.

02.03.01 Mon projet contribue à l'objectif 'Bonne Santé et Bien Être'

3

02.03.02 Justification de la contribution de mon projet

02.04.01 Mon projet contribue à l'objectif 'Éducaiton de Qualité'

4

02.04.02 Justification de la contribution de mon projet

02.05.01 Mon projet contribue à l'objectif 'Égalité entre les Sexes'

5

02.05.02 Justification de la contribution de mon projet

While HOMA Pay's primary focus is on financial inclusion and cashless transactions, it indirectly contributes to the United Nations Sustainable Development Goal of Gender Equality. By providing equal access to financial services, including banking and payment solutions, regardless of gender, it helps empower women economically. This can lead to greater financial independence, decision-making power, and opportunities for women, contributing to gender equality. Although this is an indirect contribution.

02.06.01 Mon projet contribue à l'objectif 'Eau Propre et Assainissement'

3

02.06.02 Justification de la contribution de mon projet

02.07.01 Mon projet contribue à l'objectif 'Énergie Propre et Abordable'

5

02.07.02 Justification de la contribution de mon projet

HOMA Pay's primary focus is on financial inclusion and cashless transactions, which do not directly contribute to the United Nations Sustainable Development Goal of Affordable and Clean Energy. However, by utilizing solar power technology in some aspects of its operations, such as the HOMA machine, it indirectly promotes the use of clean energy. This can contribute to the broader goal of transitioning to sustainable energy sources.

02.08.01 Mon projet contribue à l'objectif 'Travail Décent et Croissance Économique'

7 - Tout à fait d'accord

02.08.02 Justification de la contribution de mon projet

Yes, HOMA Pay contributes to the United Nations Sustainable Development Goal of Decent Work and Economic Growth. By promoting financial inclusion and providing access to secure and efficient payment solutions, especially for marginalized populations, HOMA Pay supports economic empowerment. This empowerment can lead to job creation, entrepreneurship opportunities, and overall economic growth. Additionally, by streamlining payment processes and reducing transaction costs, HOMA Pay facilitates business growth and supports the formalization of the economy.

02.09.01 Mon projet contribue à l'objectif 'Industrie, Innovaiton et Infrastructure'

7 - Tout à fait d'accord

02.09.02 Justification de la contribution de mon projet

HOMA Pay contributes to the United Nations Sustainable Development Goal of Industry, Innovation, and Infrastructure. By introducing a novel cashless payment system and leveraging modern technology such as solar power and advanced authentication features, HOMA Pay fosters innovation in the financial services industry. Furthermore, its infrastructure, including the HOMA machine and digital payment network, enhances the efficiency and accessibility of financial transactions, thereby contributing to the development of robust and inclusive infrastructure.

02.10.01 Mon projet contribue à l'objectif 'Réduction des Inégalités'

6

02.10.02 Justification de la contribution de mon projet

Yes, HOMA Pay significantly contributes to the United Nations Sustainable Development Goal of Reduced Inequalities. By providing access to secure and efficient financial services for unbanked and underbanked populations, HOMA Pay promotes financial inclusion. This inclusion helps bridge the gap between different socio-economic groups, providing equal opportunities for economic participation and growth. By reducing barriers to financial access, HOMA Pay supports efforts to reduce income and opportunity inequalities.

02.11.01 Mon projet contribue à l'objectif 'Villes et Communautés Durables'

5

02.11.02 Justification de la contribution de mon projet

HOMA Pay indirectly contributes to the United Nations Sustainable Development Goal of Sustainable Cities and Communities. By promoting financial inclusion and reducing the need for cash transactions, it supports the development of more efficient and secure economic activities within cities and communities. The use of modern, solar-powered technology in its devices also aligns with sustainable practices. However, its primary focus is not directly on urban development or community sustainability, but its contributions to economic stability and resource optimization can aid in these goals.

02.12.01 Mon projet contribue à l'objectif 'Consommation et Production Responsable'

5

02.12.02 Justification de la contribution de mon projet

HOMA Pay does not directly address the United Nations Sustainable Development Goal of Responsible Consumption and Production. However, by promoting cashless transactions and reducing the need for physical cash production, it can contribute to more efficient resource use and waste reduction. Additionally, the incorporation of solar-powered technology in HOMA devices supports sustainable practices.

02.13.01 Mon projet contribue à l'objectif 'Luttle contre les Changements Climatiques'

4

02.13.02 Justification de la contribution de mon projet

02.14.01 Mon projet contribue à l'objectif 'Vie Sous-Marine'

1 - Pas du tout d'accord

02.14.02 Justification de la contribution de mon projet

02.15.01 Mon projetp contribue à l'objectif 'Vie Terrestre'

1 - Pas du tout d'accord

02.15.02 Justification de la contribution de mon projet

02.16.01 Mon projet contribue à l'objectif 'Paix, Justice et Institutions Efficaces'

6

02.16.02 Justification de la contribution de mon projet

HOMA Pay contributes indirectly to the United Nations Sustainable Development Goal of Peace, Justice, and Strong Institutions. By promoting financial inclusion and reducing the reliance on cash, it helps decrease the informal economy, which can be associated with crime and corruption. Secure, transparent, and efficient financial transactions can support stronger and more accountable institutions. Additionally, by providing access to financial services for marginalized communities, it can promote social stability and reduce inequalities, contributing to a more just society.

02.17.01 Mon projet contribue à l'objectif 'Parteneriats pour la Réalisation des Objectifs'

7 - Tout à fait d'accord

02.17.02 Justification de la contribution de mon projet

HOMA Pay contributes to the United Nations Sustainable Development Goal of Partnerships for the Goals by fostering collaborations between financial institutions, technology providers, businesses, and governments to promote financial inclusion and economic empowerment. Its success relies on creating a network of partnerships to develop and implement the cashless payment system effectively. These collaborations can drive innovation, share knowledge, and pool resources to achieve common development objectives.

05.01 Il existe un grand nombre de clients qui utilisent déjà un produit/service très similaire à celui que nous envisageons de créer.

7 - Tout à fait d'accord

05.02 Le produit/service que nous voulons créer représente un type de produit/service entièrement nouveau

2

05.03 Le produit/service que nous voulons créer pourrait être décrit comme une nouvelle technologie

2

05.04 Le produit/service que nous voulons créer est une amélioration d'un produit ou d'un service existant

7 - Tout à fait d'accord

05.05 Le produit/service que nous voulons créer pourrait être décrit comme une extension d'une gamme de produits ou de services

6

05.06 Le produit/service que nous voulons créer répond à une demande ou à un besoin qui n'a pas été satisfait par d'autres produits/services.

7 - Tout à fait d'accord

05.07 Le produit/service que nous voulons créer est une nouvelle version d'un ancien produit/service

6

05.08 Justification de mon projet

HOMA Pay represents a new version of traditional payment methods. By introducing a cashless payment system that utilizes modern technology such as fingerprint scanning and contactless transactions, we are innovating upon the conventional concept of banking and payment systems. This innovative approach enhances security, efficiency, and accessibility, distinguishing HOMA Pay from traditional methods.

05.09 Qui sont vos principaux potentiels concurrents et qu'est-ce qui vous différencie d'eux ?

HOMA Pay competes with established players like PayPal, Apple Pay, and fintech companies. However, our comprehensive approach to financial inclusion, advanced security features like fingerprint scanning, and seamless digital transactions through the HOMA app set us apart. We prioritize universal access to financial services, offering convenience and versatility in a single platform, distinguishing us from competitors solely focused on digital payments.

10.06 Menez-vous des actions au sein de votre communauté pour promouvoir le rôle des femmes entrepreneurs ?

I participated in the Model United Nations Conference in 2021 where I represented my country in the sector of UN Women whereby I gained skills and relevant information about gender equality and social sustainability. This is the beginning of my journey towards female entrepreneurship promotion.