Cash Chat

The Cash Chat mobile application has Boldcachers wallet in the chat that enables users to transfer money to their Airtel and MTN mobile money accounts. Then from their wallet to other user’s wallet anywhere in the world. Carrying out airtime top-up, withdraw money, pay bills make savings, share sponsored ads to all users and chat with friends in groups of up to 1,000 members instantly.

How does it work

What normally happens is, if let’s say you have a Facebook account right, and you always post to people. The followers who come to view you, and what you’re doing or what is the new content you have posted, so it is the same in Cash Chat. We have of course our status and the timeline where you can post your memes every day but normally we have advertisers who target that content.

Those who have used social media, you already see a sponsored ad. It passes through your timeline but you never earn from it. Someone some where is targeting your content, and is taking advantage of the followers that you have. So it’s the same thing that we want to do and we have done it. When you post let’s say your meme, we get what kind of meme it is. Whether it is about social or about finance. So we target it according to the advertiser need, and then we pass an advert in it.

So when people in your contact want to view it, as when they go to view it. They will find an ad or it will pop-up, so once it comes, it would have made an impression to these people. So basically it’s like a hot spot for you to earn money. So the more the followers you have or the more the viewership you have, the more you’re likely to earn from the poster you make.

Current Reach

Every day already over 20,000 users in Uganda and over 500,000 global users are accessing and using the financial technology to do business and interact with the compisers. Cash which is for financial technology, and analyse chat which is for social media.