PAYFAST Decentralized Fintech Service

PAYFAST Decentralized Fintech Service

Business model:SaaS

Customer:B2C / C2C

International Digital Post Network Limited is developing iPost mobile video app for news, entertainment and social networking that was  shortlisted for the Fund for Internet Research and Education – FIRE Africa Awards 

(https://fireafrica.org/about_fire)

 for tech innovation in 2014 and currently developing PAYFAST  fintech app for decentralization of financial transactions between all the users for borrowing and lending; buying and selling and funding their Small Medium Scale Enterprises (SMEs) for the retail industry in Nigeria with over 39 million MSMEs.

The MSMEs industry in Nigeria is estimated to be worth $100 billion.

The SMEs sector is the backbone of major developed economies, as well as important contributors to employment, economic and export growth. In Nigeria, SMEs contribute 48% of national GDP, account for 96% of businesses and 84% of employment.

Both iPost mobile video app and PAYFAST will need OneLiquidity apps integration for payments in crypto currency, eCommerce payments and crypto wallets

PAYFAST, is a totally decentralized loan app that will most likely kill all the loan sharks and may compel other fintech services and banks to reduce their interest rate on loans to single digit amount or lose all their applicants for loans to PAYFAST that allows users to borrow and lend to themselves with only 5% interest rate.

There will be PAYFAST Cooperatives in every community with the PAYFAST Business Fund to fund the enterprises of members of the Cooperatives with loans from N50, 000 minimum to N1 million maximum. 

PAYFAST ultimate goal is to reduce poverty by 80% by wealth creation and distribution with Nigeria as the launch pad before other countries.

PAYFAST is the solution to the poor funding of SMEs; exploitation of underprivileged low income earners by loan sharks and banks and slow integration of advanced digital apps.

The primary purpose of PAYFAST Cooperatives is financial inclusion for (i) universal access to financial services;

(ii) providing basic  financial services (iii) access to livelihood and skill development, (iv) financial literacy and education for the economic empowerment of the underprivileged. 

What is Financial Inclusion?

Financial inclusion refers to the delivery of financial services at affordable costs to disadvantaged and low-income segments of society. In this way, they are being included in the financial services industry.

1.7 billion

adults worldwide lack access to basic financial services

63 %

is the amount of financially included adults in developing economies

Why is Financial Inclusion Important?

Without access to basic financial services, people in poverty are unable to perform many common functions that could drastically improve their lives. When they are financially included, they can start to build assets and take other steps to improve their standard of living. They can save money, qualify for a loan to expand a business; build a house; have a safe way to make payments to schools, medical services and so much more.

Contact:

Ekenyerengozi Michael Chima.

Happy May Day!

Happy #MayDay to everyone doing the best in every workplace in the world.

You are the engine of the machine of every factory and every industry for the survival of humankind on planet Earth.

Thank you for every second of every minute of every hour of every day of every week of every month of every year.

May Almighty God continue to bless you and empower you to prosper in life.

Cheers!

More Than Half of Workers Admit to Checking Their Smart Phones While Driving

How many times do you do this while driving?

10 Mar 2010 13:00 Africa/Lagos


More Than Half of Workers Admit to Checking Their Smart Phones While Driving, Finds New CareerBuilder Survey

-- One-in-Five Workers Report They Check Their Device Every Time it Vibrates or Beeps --

CHICAGO, March 10 /PRNewswire/ -- While smart phones have made it easier for workers to stay connected to the office, they may not be a good idea for every commute. According to a new CareerBuilder survey, more than one-half (54 percent) of workers who have a smart phone or similar device said they check it when driving a vehicle. Comparing industries, sales workers (66 percent) used their smart phones while driving more than any other group surveyed, followed by 59 percent of professional and business services workers and 50 percent of health care workers. The survey was conducted among more than 5,200 workers between November 5 and November 23, 2009.


Some workers admit they may be risking safety on the road to check their phones because they feel pressured to do so. Twenty-one percent of workers say they check their mobile device every time it vibrates or beeps and 18 percent report they are required by their company to be accessible beyond office hours via mobile device. Also, 14 percent of workers said they feel obligated to constantly stay in touch with work because of the current tough economy.


In addition to driving, workers with smart phones said they are checking in with the office on their smart phones from virtually anywhere and everywhere, including:


-- During a meal - 62 percent
-- On vacation - 60 percent
-- While in the bathroom - 57 percent
-- Lying in bed at night - 50 percent
-- At a movie, play, musical, etc... - 25 percent
-- On a date - 18 percent
-- Working out at the gym - 17 percent
-- At a child's event of function - 17 percent
-- At church - 11 percent



"It is challenging for workers to maintain a good work/life balance when they are constantly connected to the office, so turning their devices off is important for their health and safety," said Rosemary Haefner, vice president of human resources for CareerBuilder. "The lines between work and life can be very blurry these days - 17 percent of workers said they feel like their work day never ends because of technology connecting them to the office. To reduce burnout and avoid potentially risky behavior, workers should allot technology-free time when away from work."


Haefner offers the following advice on how to disconnect from the e-leash:
-- Turn off your smart phone when driving: Not only is it illegal in many
states, but using your mobile device while driving is dangerous to you
and others on the road. If it's necessary to leave your smart phone on
and a conference call or other urgent matter comes up, pull over to
safely handle the situation.
-- Set priorities for outside of work: Twenty-three percent of workers
who are required to be accessible beyond office hours report that
being too connected to their jobs via technology has caused issues or
arguments with their friends and family. Discuss the e-leash with your
loved ones so that they are aware that sometimes you may need to be
connected to work.
-- Have a backup plan in place: If you anticipate being needed outside of
the office, plan to have an out-of-office message or voicemail up, or
leave contact information for others familiar with your area of the
business. That way, any emergency can be handled appropriately if you
can't get to it.


Survey Methodology

This survey was conducted online within the U.S. by Harris Interactive© on behalf of CareerBuilder.com among 5,231 U.S. employees (employed full-time; not self-employed; non-government) ages 18 and over between November 5 and November 23, 2009 (percentages for some questions are based on a subset of U.S. employees, based on their responses to certain questions). With a pure probability sample of 5,231 one could say with a 95 percent probability that the overall results have a sampling error of +/- 1.35 percentage points, respectively. Sampling error for data from sub-samples is higher and varies.


About CareerBuilder®


CareerBuilder is the global leader in human capital solutions, helping companies target and attract their most important asset - their people. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 23 million unique visitors, 1 million jobs and 32 million resumes. CareerBuilder works with the world's top employers, providing resources for everything from employment branding and data analysis. More than 9,000 websites, including 140 newspapers and broadband portals such as MSN and AOL, feature CareerBuilder's proprietary job search technology on their career sites. Owned by Gannett Co., Inc. (NYSE:GCI) , Tribune Company, The McClatchy Company (NYSE:MNI) and Microsoft Corp. (NASDAQ:MSFT) , CareerBuilder and its subsidiaries operate in the United States, Europe, Canada and Asia. For more information, visit www.careerbuilder.com.


Media Contact:
CareerBuilder
Allison Nawoj
773-527-2437
allison.nawoj@careerbuilder.com
http://www.twitter.com/CareerBuilderPR


Source: CareerBuilder

CONTACT: Allison Nawoj of CareerBuilder, +1-773-527-2437,
allison.nawoj@careerbuilder.com


Web Site: CareerBuilder

More Than Four-in-Ten Workers Over the Age of 35 Currently Work for a Younger Boss, Finds New CareerBuilder Survey

17 Feb 2010 13:00 Africa/Lagos


More Than Four-in-Ten Workers Over the Age of 35 Currently Work for a Younger Boss, Finds New CareerBuilder Survey

CHICAGO, Feb. 17 /PRNewswire/ -- As generations continue to mix in the workplace, many older workers are reporting to younger bosses. A new CareerBuilder survey finds that 43 percent of workers ages 35 and older said they currently work for someone younger than them. Breaking down age groups, more than half (53 percent) of workers ages 45 and up said they have a boss younger than them, followed by 69 percent of workers ages 55 and up. This survey was conducted from November 5 and November 23, 2009, among more than 5,200 workers.


Occasionally, the younger boss, older worker situation can create challenges. Sixteen percent of workers ages 25-34 said they find it difficult to take direction from a boss younger than them, while 13 percent of workers ages 35-44 said the same. Only 7 percent of workers ages 45-54 and 5 percent of workers ages 55 and up indicated they had difficulty taking direction from a younger boss.


Workers reported that there are a variety of reasons why working for someone younger than them can be a challenge, including:


-- They act like they know more than me when they don't
-- They act like they're entitled and didn't earn their position
-- They micromanage
-- They play favorites with younger workers
-- They don't give me enough direction



"As companies emerge from this recession, it is important for employees to work together and move the business forward, regardless of their age," said Rosemary Haefner, vice president of human resources at CareerBuilder. "With so many different age groups present, challenges can arise. Younger and older workers both need to recognize the value that each group brings to the table. By looking past their differences and focusing on their strengths, workers of any age can mutually benefit from those around them, creating a more cohesive workplace."


PrimeCB.com, CareerBuilder's job site for mature workers, offers the following tips for bridging generational differences at work:


-- Understand others' point of view: Different generations tend to have
differing opinions on a variety of topics, from management style to
pop culture. Put yourself in others' shoes to better understand where
they're coming from.
-- Adapt your communication: Younger workers tend to favor communicating
frequently using technology, such as e-mail and instant messenger.
Older workers may prefer more face-to-face contact. Both parties
should take this and other communication differences into
consideration when interacting.
-- Keep an open mind: Try not to make assumptions about those who are of
a different age group than you. All workers have different skill sets
and strengths, so see what you can learn from others rather than
making judgments based on their age.


Survey Methodology

This survey was conducted online within the U.S. by Harris Interactive© on behalf of CareerBuilder.com among 5,231 employees (employed full-time; not self-employed; non-government) ages 18 and over between November 5 and November 23, 2009 (percentages for some questions are based on a subset of U.S. employees, based on their responses to certain questions). With a pure probability sample of 5,231 one could say with a 95 percent probability that the overall results have a sampling error of +/- 1.35 percentage points, respectively. Sampling error for data from sub-samples is higher and varies.


About CareerBuilder®


CareerBuilder is the global leader in human capital solutions, helping companies target and attract their most important asset - their people. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 23 million unique visitors, 1 million jobs and 32 million resumes. CareerBuilder works with the world's top employers, providing resources for everything from employment branding and data analysis. More than 9,000 websites, including 140 newspapers and broadband portals such as MSN and AOL, feature CareerBuilder's proprietary job search technology on their career sites. Owned by Gannett Co., Inc. (NYSE:GCI) , Tribune Company, The McClatchy Company (NYSE:MNI) and Microsoft Corp. (NASDAQ:MSFT) , CareerBuilder and its subsidiaries operate in the United States, Europe, Canada and Asia. For more information, visit www.careerbuilder.com.


Media Contact:
CareerBuilder
Allison Nawoj
773-527-2437
allison.nawoj@careerbuilder.com
http://www.twitter.com/CareerBuilderPR


Source: CareerBuilder

CONTACT: Allison Nawoj of CareerBuilder, +1-773-527-2437,
allison.nawoj@careerbuilder.com


Web Site: CareerBuilder