RapidMoney

R.M. Support Services

The RM platform consists of 7 support services each of which supports every platform service. They include;

1. Accounting & Analysis
2. Configuration services
3. EOD/EOM Services
4. Monitoring & Alerts
5. Performance & Evaluation
6. Reports Services
7. Security Services

R.M. Revenue Sharing

For every billing aspect, VAT is deducted prior to any revenue to be shared. The balance is distributed based on a configurable percentage model between the platform provider, the clearinghouse and the branches.

Modular Framework

Rapid Money comes in four modules. Namely, the Clearinghouse module, the Regionalization Module, the Institution Module and the Branch Module.
Each module’s specific function is as follows;

1. Clearinghouse
sets up the stage and provides Overall Oversight Over the platform.

2. The Regional module
provides the platform with a Supervisory Oversight Over the institutions and their branches within their administrative jurisdiction.

3. The Institution module
gives the institutions a complete Insight in to the activities of their branches irrespective of their geographic location.

4. The Branch module
concentrates on the actual interaction with the platform customers.

RapidMoney Solutions

RapidMoney comes with two solutions; the Counter and Mobile solutions that both sit on a customer account framework.

1. Counter Solutions
These are services that require the customer to go to a counter location, which could either be at a branch or a kiosk.
2. Mobile Solutions
These are services that the customer can perform remotely from their mobile device without the need to be at a branch or kiosk location.

RapidMoney Services

Each Rapid Money solution consists of its own services. There are two counter service types and three mobile service types. At the counter level the platform allows you to execute the following transactions;

1. At the counter level,
the platform allows you to execute the following transactions;
• Money Transfer between persons (P2P)
• Account Deposits (Top-up)
• Money Transfer between accounts (A2A)
• Money Transfer between account & person
2. At the mobile level,
the platform allows you to do the following types of transactions;
• Home Services:
From the comfort of your home, send money to a person or an account or request a top-up for your account.
• Wallet Services:
From the comfort of your mobile device, purchase any goods and services from a merchant location, pay your monthly recurring bills, purchase your road travel or events tickets.
• Daily Collection Services:
Provide daily savings customers with an instant view to their daily savings and manage and control the activities of your daily collection agents.