Idea
The Idea of our project comes out of the necessity of having a decentralized, reliable, secure, socialized, and easy to use by every Smartphone User around the world as a pocket Banking, international money transfer, and international payment system, that is compatible with some of the UN SDGs to achieve the equality and financial prosperity to humankind around the world.
Challenge
In this project, we're tackling the following:
- Geographical location limitation.
- Conflict Countries have the worst banking system which deprives a vast majority of prospective customers of having bank accounts nor they having access to their money.
- Travelers have no access to their accounts due to many reasons, applications being blocked within certain countries, or no internet access. High charging fees.
- Sophisticated registration procedures.
- Most of the international transfers are delayed or need to go to certain agents to withdraw cash.
- The e-banking applications don’t involve investment options and it’s prone to cyber attack and hacking.
- Blind disability and the vast majority of youths have no access.
Solution
Introducing a Banking solution which supports the following functions, services, and products:
- Issuing of debit and credit cards.
- Ability to make instant cross-border payments.
- A digital wallet that enables travelers to use the app and pay anywhere around the world
- Our Commitment to Socializing Money Transfers worldwide with flexibility and transparency.
Online 24/7 support customers. The solution would allow cardholders to change the design of payment cards displayed in Wallet-like applications.
Story
Skytech Horizon started as a money vendor kiosk for a deprived location in Africa that solved online money transactions for the less-fortunate people who are unable to obtain a bank account or a steady job, then grew to a multi-location business throughout West African countries such as Burkina Faso, Mali, Ivory Coast, Niger, and Egypt. Then, due to the experience that was accumulated by Skytech Horizon to solve people's financial problems within the African region, the business became an idea a solution... to utilize the same concept in other countries and regions.
