The Bettr app offers a transactional and a savings account with a competitive interest rate. Its digital-first card, powered by Visa, is enabled for scan-to-pay and contactless mobile payments. There are no monthly fees and all transactions within their ecosystem are free. March launch
While essential services will launch in March 2022, the fintech’s product roadmap will be co-created with its creator community and software developers with its open-banking application programming interface (API). All participants are empowered to innovate and build the services they want and need on the Bettr marketplace.
“We are living in exponential times: it's a digital-first world, and changing faster than most industries can transform. The pandemic has propelled the creator economy into the mainstream, powered by everyday people monetising their passions to earn a living. This will have massive implications for the job market of the future and for South Africa’s 34% youth unemployment rate. Our aim is to power this growing economy of young creators with the platform, tools and resources they need to thrive,” explains Bettr CEO, Tobie van Zyl.How Bettr works
Creators become Bettr brand ambassadors when they sign up and invite their communities to back their growth. When signing up, followers can tip, donate, buy from, or subscribe to their creators via their Bettr @handle. Bettr’s social-network payment features allow creators to bypass expensive gateways like PayPal, giving creators direct access to their followers to collect fee-free revenue instantly.
The Bettr business model is designed to create mutual wealth within its network by sharing revenue with all participants. To kick off, Bettr has partnered with creator and influencer marketplaces to launch to over 250,000 creators with a 20-million strong Gen-Z follower base in South Africa.Online banking is the future of Africa
Access Bank’s alliance banking strategy strives to partner with open-minded, future-focused businesses in the development of innovative offerings and the co-creation of unconventional banking products and value-added services. Agile, adaptive and flexible, Alliance Banking is firmly committed to partnering with fintechs in various industries and to thinking outside the box.
“Access Bank has a firm foothold and is well entrenched in the digital age, enabling us to make banking solutions affordable, versatile, efficient and more secure,” says Natasha Archary, senior manager of Product and Business at Alliance Banking.
“The world of banking continues to change rapidly, and the African continent is experiencing a proliferation of banking and financial services. Access Bank’s partnership with Bettr gives us a global advantage to reach Africa’s upwardly mobile youth in 12 countries and three continents, targeting key regions including Nigeria, Ghana, Kenya and Rwanda,” Archary adds.
“The Bettr partnership further demonstrates Access Bank’s commitment to becoming the ‘World’s Most Respected African Bank’,” she concludes.
All rights reserved. © 2021. Bizcommunity.com Provided by SyndiGate Media Inc. (Syndigate.info).