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Selfiemoneytranfer can help by providing Financial inclusion and economic development for 2.5 billion under bank and working poor.

Selfiemoneytransfer can help by providing Financial inclusion and economic development for the 2.5 billion under bank and working poor.

Photo of SelfiemoneyTransfer Services
8 1

Written by

selfieMoneyTransfer app 

we have 2nd generation working prototype. And trademark.

Patent pending.

Along with a website and selfiemoneytransfer web, our website is currently

undergoing redevelopment.


With selfieMoneyTransfer app anyone can send money to anyone anywhere in

the World.

Why This Is Needed In The Marketplace

This company should exist because solves a problem for the 2.5 billion working poor, provide jobs , health care and other micro services for the under bank

With this app it enables people transfer money locally within a country as well as

internationally, using , cash, bitcoin, debit cards or credit cards.

This app also can be use to pay salaries , bill payment in remote communities,

enables people to become money transfer agent easily and these money transfer

agents are mobile. so selfiemoneytranfer creates financial inclusion and

economic gain by providing jobs ,the movement of commerce and economic growth.

This Selfiemoneytranfer also enables people to become money transfer agent a lot easily and
these money transfer agents are mobile so what this does it creates financial
inclusion and economic gain by providing jobs and the movement of commerce.
our technology ( our technology of security confirmation can apply to other
businesses)is very secure it's a selfie picture security where the agent get
yourself a client as well as the receiver there is a GPS tracking to track the agent
and also a chat communication agent will come to you the client or the receiver
anywhere you are.
what makes this company unique we are transforming , revolutionize the
business of money transfer, as well as bringing people into the financial inclusion
basically eliminating poverty.

What makes us also unique we have develop Selfiemoneytranfer app to fix these problems facing agents activation ( here are the problems in more details.

Now these factors affects clients also in the negative ways which are differs from buissness to buissness and business to clients

Nine Drivers to the Agent
Business Case.
Role-related
1. Upfront capital
2. Liquidity management
3. Rigid staff and space costs
Exogenous
4. Security risks
5. System interruptions
6. Effect on agent’s other line of
business
Time-specific
7. Adequate revenue at start-up
8. Major costs related to growth
9. Fragmenting demand across too
many agents  )so they can become more productive thus leads to economic development.


What also makes this company extra special we give 5% to charity.
our charities, epilepsy ,diabetes ,HIV , breast cancer and prostate cancer so
each each disease get 1% of each transaction or sale FOR LIFE even if we sell
this company

Explain your idea

My idea is to solve a problem of under bank and working poor on the planet. Well my idea gives under bank and working poor the means to get in the financial inclusion and economic development by providing jobs and financial services.

Who Benefits?

The beneficiaries are the 2.5 billion under bank and working poor families on the planet. With my app it will provide jobs , education health and other services to the worlds working poor, which will lead to economic development and inclusion which will make the world better place.

How is your idea unique?

1.We solve the problems of existing money transfer services. While providing financial inclusion and economic development what are some the problems agents and clients have? (Agent costs and risks are driven by nine factors that can be put in three groups: 1.Role-related—upfront capital, liquidity management, and staff and space 2.Exogenous—security risk, system reliability, and effect on other business 3.Time-specific—adequate revenue at start-up, major costs with growth, and fragmented demand across too many agents.) 2. Our unique advantage because of our approach, its really keep it simple. Let me explain. We combined , example so if you have a phone with internet coverage you are in the Selfiemoneytranfer game its that simple. 3. new ways of qualifying people to be money agent or branch less mobile banking. 4. We at this time present time branchless banking industry is in a state of creative chaos. The impressive growth bank have yet to develop a business model .

Idea Proposal Stage

  • Research & Early Testing: I am exploring my idea, gathering the inspiration and information I need to test it with real users.
  • Prototyping: I have done some small tests or experiments with prospective users to continue developing my idea.
  • Piloting: I have started to implement my solution as a whole with a first set of real users.

Tell us more about you

My name is martin Clarke I am looking for collaboration with anyone interested no collaborator will be refused. I am based in Jamaica but I do travel and visit USA and other countries. I am currently working with 2 developers , I have a team of 4 including me. My team functions are mainly advisors excluding developers. I have commitment from all my team that they will see this project to the finish. I have no partners , but I am looking for partnership from people who can help us scale this project to reality.

Expertise in sector

  • 7+ years

Organization Filing Status

  • No, but we plan to register in the future.
  • Other

Attachments (1)

8 comments

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Photo of Elena Ford
Team

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Photo of Kate Rushton
Team

Hi Martin!

Thank you for submitting Selfie Money Transfer. What is the next step for Selfie Money transfer? What expertise and skills do you need to scale up? Would you tell us more about your pilot project?

Photo of SelfiemoneyTransfer Services
Team

Current Stage and Progress Thus Far
We are currently in our second prototype stage and usability testing stage

Target Market and Users this stats as changed to around a trillion dollars.

In 2014, $436 billion went to developing countries, setting a new record. Overall
global remittances also totaled $583 billion .Some countries, such as India and
China, receive tens of billions of US dollars in remittances each year from their
expatriates. In 2014, India received an estimated $70 billion and China an
estimated $64 billion.

Our target market is every country on the planet.
Our target users are the 2.5 billion under bank bank and working poor on the
planet.
Our secondary users are the bankable and account holders.

Next steps,
1. Finish development
2.we need expertise and skill coders to add to our team. I would also like expertise of people with the skills of launching a global business I am not a business major I just see creativity and like solving big problems.
3. We need capital to finish testing and launch.

More about my project.
My project came to me from a discussion with a friend about mobile money , branchess banking and the need to access , money of under bank and working poor, because banks don't work with them. Thus lead me to research this.
I was surpass at the state of mobile transfer ,branch less bank , and the people who benefit from these services. There was and is a state of chaos in the !mobile branchless banking for the working poor and under bank.
So I was driven to get this idea out of my head so with my expert knowledge I set out to trade mark and develop a working prototype. Which I have a 2nd generation working prototype and trademark.
But I was driven even more by realizing that I can provide more than just money transfer with this app. With Selfiemoneytranfer we could combined with other organization like banks etc, to provide micro economic development , Marco health micro loans and list goes on. People need jobs we cannot eat policies and administrative Mumbo-Jumbo.

I have was also driven to work around banks so that we can get directly to the folks in need. I feel banks are too technical too much red tape. You see when dealing with the poor I realized we have loose technical stuffs and they want results here and now.
I see the banks as a stumbling blocks in our way so as I said I came up with a series of things to work around banks and harness the under bank and working capital which will provide economic inclusion and economic development health care plus other services .
Last but not least 5 % of every transfer services etc will go to fighting serious dease like HIV, breast cancer etc and the % will increase to as company grows.
So my main goal is connect every one on this planet to use Selfiemoneytranfer because we are a big problem solving company and I am driven socially to make a positive impacts on the world working poor and under bank.

So my app is western Union on the go but with a big big difference, it will benefit community , provide jobs ,health and many more and most of all cut down on fraud.

Photo of SelfiemoneyTransfer Services
Team

Well thanks for your interest.
I will answer last question first.
1:Yes it works with internet and GPS access.
2: how can we bring service to rural populations.? Agents are mobile so they will pick up and deliver money to folks.
2b . we will also set up
paid “master merchant's” a small monthly fee to hold a constant amount of US $ in
and make it available on demand to a group of “subagents” (who were required ). Under this arrangement, liquidity balances doubled and more.
2bc. uses a somewhat similar approach in some rural areas. It pays “super customers”—
usually well-off villagers—to be prepared to make a deposit with the agent or client if the
agent needs immediate access to cash to satisfy other customers.
3: yes I would love partnership with non government as well government. But the state of branch less mobile money transfer and banking is chaos. Some financial institutions may feel threaten by this mobile money transfer.
4. Billionaire mark Cuban say today that jobs are eroding at a fast state because of automation meaning AI , machines TAKING OUR JOBS. HE ALSO SAY IF ANYONE CAN FIGURE THE BRIDGE WITH AI OR TECHNOLOGY AND HUMAN JOBS WILL BE A TRILLIONARE.
But this to help solve a big problems and now mark Cuban saying same thing, because JOBS ARE GOING FAST.
SO WITH Selfiemoneytranfer ITS A GOOD BRIDGE FOR FUTURE THE MAGIC WORD IS JOBS THAT PROVIDE FINANCIAL INCLUSION AND ECONOMIC DEVELOPMENT AND MANY OTHER SERVICES WORLD WORKING POOR NEEDS.

Photo of Stephanie Gómez Pérez
Team

Hello Martin!
I'm very interested in your idea.
I live in Colombia, a country where %40,3 of the rural population is in condition of poverty and have no access to electricity, nor internet connection, due to forced displacement and lack of interest of the government.
How are you thinking is this going to work in theses areas? Is it possible to partnership with governmental or non-governmental organizations in order for them to make this exploration?
Does it only works with a mobile phone with internet and GPS access?

Photo of SelfiemoneyTransfer Services
Team

Well thanks for your interest.
I will answer last question first.
1:Yes it works with internet and GPS access.
2: how can we bring service to rural populations.? Agents are mobile so they will pick up and deliver money to folks.
2b . we will also set up
paid “master merchant's” a small monthly fee to hold a constant amount of US $ in
and make it available on demand to a group of “subagents” (who were required ). Under this arrangement, liquidity balances doubled and more.
2bc. uses a somewhat similar approach in some rural areas. It pays “super customers”—
usually well-off villagers—to be prepared to make a deposit with the agent or client if the
agent needs immediate access to cash to satisfy other customers.
3: yes I would love partnership with non government as well government. But the state of branch less mobile money transfer and banking is chaos. Some financial institutions may feel threaten by this mobile money transfer.
4. Billionaire mark Cuban say today that jobs are eroding at a fast state because of automation meaning AI , machines TAKING OUR JOBS. HE ALSO SAY IF ANYONE CAN FIGURE THE BRIDGE WITH AI OR TECHNOLOGY AND HUMAN JOBS WILL BE A TRILLIONARE.
But this to help solve a big problems and now mark Cuban saying same thing, because JOBS ARE GOING FAST.
SO WITH Selfiemoneytranfer ITS A GOOD BRIDGE FOR FUTURE THE MAGIC WORD IS JOBS THAT PROVIDE FINANCIAL INCLUSION AND ECONOMIC DEVELOPMENT AND MANY OTHER SERVICES WORLD WORKING POOR NEEDS.