Include low income unbanked migrant workers in the new digital economy
Provide migrant workers who are outside the financial system with an easy, low-cost and innovative way to send remittances and obtain microcredit for their families at a reasonable cost, without financial knowledge, just with a mobile phone.
Unbanked Workers cannot open a bank account due to lack of credit history and sufficient funds
Credit access They do not have access to credit at reasonable costs
Send Money to their families in home country:
- Expensive It has high commission cost per transaction
- Not Practical Must go to physical money reception points, long lines (long waiting time)
- Availability Delay Money arrives at home country usually in not less than 48 working hours
- Bureaucratic Needs signed physical affidavit, lots of paper and inefficient KYC controls
Africa & Asia
Latinoamerica & Caribe
We can change this... We introduce HAWA
We want to offer migrant workers a simple and economical way to send and receive money and to obtain microcredits based on AI automated created profile, without bureaucracy and from their mobile phone. This service is aimed at serving unbanked migrant workers (generally low-income) and their families, by sending remittances previously deposited in ATMs or at a kiosk. Families will be able to use the received money and/or extra money from credit, in nearby stores or withdraw the money. No prior financial or technological knowledge is required.
Thanks to the security and reliability of blockchain, advancements in AI algorithms and the low operating cost, the solution will help democratize personal finances by including the low-income population in the financial circuit, allowing people to take small loans and families to maximize the money received. Families will have the opportunity to use the money received almost instantly.
All of this will establish the first step to enter the new digital economy based on the trend of digital currency adoption.
simple to use
Money sent in 2 clicks to whomever and whenever you want
Cheap transaction cost thanks to technology and the most competitive commission on the market.
Does not require your own bank account
The money to be sent is handled 100% from the application.
Ready to use
Money sent is available in minutes
Suggest micro loans based on users histroy and potencial life events thanks to AI (AI based financial behavioral profile).
Use of artificial intelligence to balance liquidity pools and optimize exchange rates.
To mange KYC, AML and all other country specific regulatory requirements.