SWAP uplifts and supports

In keeping with the social responsibility requirements of conducting business in the 21st century, the SWAP settlement system extends into a wide spectrum of individual and community benefits.

For example:

• It enables people to manage their financial affairs independently.
• It serves communities and allows for transfers, payments and the stimulation of businesses irrespective how remotely the community is located.
• It requires no electricity network or additional infrastructure – only cellphones and the associated background GSM network service.
• It creates a safe, cashless payment environment – an inestimably valuable safeguard against the theft of cash.
• It is an enabler for small, struggling businesses unable to pay the high transaction fees required to process payments through the current banking system.
• It puts electronic payments into the hands of people who do not have access to internet payments or bank cards.
• The mobile account has the ability to bank the massive un-banked communities in South Africa; no bank account is needed to operate a SWAP wallet, which acts like a bank account if it is topped up with cash. No expensive banking fees are involved, no hidden costs – only total transparency.
• SWAP saves people money and time – no travelling and cumbersome processes. Send money from cellphone to cellphone – all over the country within minutes.
• The SWAP and Earn program allows any person, irrespective of age, race, education or position to make money and flourish – counteracts poverty and creates job creation. Every stakeholder becomes a business unit for himself and his family.