Use case
Collect group contributions and pay out a round
Yes. A savings group collects a contribution from every member each round, then pays the whole pot to whoever is due. Done on trust and a notebook it is the record, not the money, that causes the argument, so every contribution lands against a shared record and the payout is one traceable action.
What this is built on
Charge a mobile money wallet, card, bank account or PayPal.
A shareable link or QR that takes a payment with no integration at all.
Send money to a payer's mobile money account.
Live in Tanzania today; the other markets are being brought up one verified rail at a time. Not to be confused with settlement, which works everywhere.
Signed events when anything moves, so your system stays in step.
Markets you can pay out in today (1)
This needs a payout rail, which is switched on market by market. Settling to a bank account by wire works everywhere in the meantime.
Common questions
- How does a savings or rotating-credit group collect and pay out?
- Yes. A savings group collects a contribution from every member each round, then pays the whole pot to whoever is due. Done on trust and a notebook it is the record, not the money, that causes the argument, so every contribution lands against a shared record and the payout is one traceable action.
- What does this use?
- Accept payments, Payment links, Payouts to a wallet and Webhooks. One integration covers all of them; there is no separate product to buy for each.
- Which markets can I do this in?
- Paying out to a mobile wallet is live in Tanzania today, and the other markets are being brought up one verified rail at a time. Settling to a bank account by wire works in every country in the world, so the money is never stuck waiting for a payout rail.
- Anything to know about payouts to a wallet?
- Live in Tanzania today; the other markets are being brought up one verified rail at a time. Not to be confused with settlement, which works everywhere.