PHUTHALICHABA, A FINANCIAL COOPERATIVE UNDER THE NUL INNOVATION HUB, IS TESTING A NEW SMART PAYMENT SYSTEM

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Weeks after we reported a new cellphone based smart payment system that you can use to pay for goods and services “even in a spaza shop” in a speed of lightning, Phuthalichaba is already testing this system. “Dummy money” (not real money) is being used to make mock payments (not real payments) in very intensive tests.

Lots of data is being collected during the tests, to perfect it’s performance.

PhuthaLichaba is a financial cooperative under incubation at the NUL Innovation Hub. Already offering cashless and paperless services, it’s aim is to revolutionise Lesotho’s financial industry through technology and constant innovation.

It will put a laser focus on investing in NUL’s innovative start-ups, the opportunity which conventional investors are all too happy to miss. (Whatsapp these numbers if you want to join PhuthaLichaba: 56322869. You better join now before it’s too late).

The app PhuthaLichaba is testing now has a name: “Lebelo.” That is because it is superfast as it uses a very advanced technology in making financial transactions.

Once in the market, it will revolutionize how we buy and sell in Lesotho even at a mini-shop level.

Keep posted.

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