top of page
IMG-20240824-WA0026
IMG-20240824-WA0024
IMG-20240824-WA0023
pexels-ketut-subiyanto-4353618

Meet vimbisoPay

A digital transcation system supporting the informal sector and rural communities in Zimbabwe with a simple payment solution delivered over WhatsApp.

The Challenges

01

Small change and transactions in the informal sector

All Zimbabweans, especially those who operate informal businesses, grapple with the challenge of paying small amounts and providing small change.

 

Kombis and passengers face this challenge daily, as do street vendors and their customers. Vendors are limited to charging amounts that match the face value of the currency notes in circulation.

Logo - light blue - symbol_2x.png

02

Money scarcity in rural communities

For most families in rural Zimbabwe, coming up with the money to cover costs such as school fees is an ongoing challenge.

 

These families are often able to provide value to others in the form of products and services, but providing value in the form of currency is out of reach for many.

The Credex Solution

VimbisoPay uses the credex accounting platform to help Zimbabweans overcome these and other challenges. A credex is a promise to provide value, and the credex ecosystem finds loops of value exchange. If I owe you and you owe me, we can cancel our debts to each other without money changing hands. If I owe you, and you owe Alice, and Alice owes Bob, and Bob owes me, we could cancel those debts in the same manner.

 

In accounting terms, a credex is an accounts payable invoice for one party, and an accounts receivable invoice for the other. The credex ecosystem simply finds loops of payables and receivables, and clears them against each other wherever possible, for the benefit of all involved.​​

 

Small Payments
 

Credex solves the problem of small change for kombi rides and other small vendors in the informal sector. When you provide USD or ZIG to a VimbisoPay agent, VimbisoPay sends you a secured credex. Now you have a receivable, which will be cleared against secured credexes that you issue in exchange for rides or other services.

Supporting rural communities

Rural families are able to provide value in many ways. Some can provide vegetables or meat, some can do manual labour, some can make farm bricks, and others can provide other values. But the village school often does not need the values that families are able to provide, so it is impossible to trade these values for school fees.

 

But the teachers and other employees of the school, or others in the community, often do need the goods and services that parents can provide. With loops of value creation tracked with credexes, rural families can cover some or even all of their school fees by providing value to others in their community. If the family owes the school, and the school owes the teacher, and the teacher owes the family, the credex loop will close these payables against these receivables without money ever being required.

How It Works

Issue a credex:

Send "hi" to the credex chatbot at +263.12.345.6789 to open a credex account.

0.75=>KombiHandle will send a secured credex to your kombi driver for $0.75.

30->SchoolHandle will send an unsecuredcredex to your school for $30.00.

It's free to:

  • Open a credex account.

  • Receive a secured credex from VimbisoPay.

  • Issue a secured or unsecured credex.

  • Accept a credex.

Fees

A fee of 2% will be charged when cashing out a secured credex with VimbisoPay for USD or ZIG.

The Team Behind The Magic

What We Do

Hustler

Startup save

 

​Only a

 

$1

 

  • Open account freely

  • Verification for free

  • Login requirements ( whatsApp number&password)

  • Identity security (whatsApp number&facial recognition)

  • Issue secured credex

  • Issue unsecured credex

  • Create additional account

  • Be added to an account

Entreprenuer

Startup save

 

Only 

 

$5

 

  • Open account freely

  • Verification for free

  • Login requirements (whatsApp number&password)

  • Identity security (whatsApp number&facial recognition)

  • Issue secured credex

  • Issue unsecured credex

  • Create additional account

  • Be added to an account

  • Add others to an account

  • Request recurring payments

Investor

Startup save

 

Only

 

$20

 

  • Open account freely

  • Verification for free

  • Login requirements (whatsApp number&password)

  • Identity security (whatsApp number&facial recognition)

  • Issue secured credex

  • Issue unsecured credex

  • Create additional account

  • Be added to an account

  • Add others to an account

  • Request recurring payments

Contact Us

WhatsApp: +263.78.737.9972

Email: hello@vimbisopay.co.zw

bottom of page