NFC mPOS Device
The concept is an innovative solution to address the problem of financial exclusion in Nigeria and sub-Saharan Africa. The concept is a hand-held NFC-enabled device that can send and receive money online and offline, allowing unbanked individuals to access financial services, make digital payments, and save their earnings. The slim design of the device allows it to be attached to the back of smartphones, making it convenient to carry around.
Design: Ola Oluwaseun
Year: 2023
Problem
The lack of access to financial services in Nigeria and sub-Saharan Africa has been a long-standing issue. Many people are unable to participate in economic activities, make digital payments, or even save their earnings due to a lack of financial infrastructure. This situation has led to financial exclusion, limiting people's opportunities and leaving them vulnerable to economic shocks.
Concept
To address the problem of financial exclusion, this concept was developed, a handled NFC-enabled device that can send and receive money online and offline. The device aims to bank the unbanked in Nigeria and sub-Saharan Africa. The slim design of the device allows it to be attached to the back of smartphones with wireless charging capabilities, making it convenient to carry around. It can also transact with NFC-enabled smartphones, making it accessible to a wide range of people. By using this device, unbanked individuals can access financial services, make digital payments, and save their earnings.
The devices can send and receive money via NFC technology
The device can also accept card payments
The device connects to the back of smartphones via magnets
Thank you.
