Basically Cash Chat is about finance and social media. About us
For social media it’s for communication, of course in the app we have where you
can chat with your friends you can make a group of at least 1,000 users. For
those who always want to make wedding meetings, so they can create a
group which which makes up to 1,000 participant. You can also do video conferencing as well it also have has a feature of voice calls. You can make use of our internet and call your friend. If you could be maybe somewhere, and you’re stuck you can still call so it’s it’s more of interaction with family and friends, send money to friends in different countries.
Namanya explains that with a vision and mission to connect the world through
financial technology. The focus now is that mobile phone and social users must do more than chatting but also have access to different financial services like saving and earning through targeted advertisement.
The unemployed people who can be able to inform it as well and that’s why
we came up with CashChat. When an ad coming from an advertiser appears on the spot line where a user post their meme on ther time line, then it will make an impression. Cash Chat counts how many times an ad makes impressions. How many times did this ad run on a users timeline. So we pay the user per view, we pay per click and pay per number of impressions. Normally it’s like a thousand impressions from advertising. On status we are doing advertising for our members and users to have a benefit at least for usage of the service.
We still have a lot of challenges especially in the Ugandan market although
these other countries are working especially Kenya and Rwanda. There is still a little bit of challenge for people to accept our product Uganda. They haven’t known so much fintec and have not been so much like in media, so they don’t know much about it.
You know the space of software engineering is quite expensive you need infrastructure, you need even investors. By then we didn’t have any investor, and the idea when it started people could not buy it.
Financial technology companies or fintechs are redefining the customer
experience for the better by pushing for more choice convenience and speed. When it comes to daily money transactions, they are here to simplify your life by
saving you time that can be used for other urgent things that need to be done.
For now it’s the way to go. We are also focusing actual on a cashless economy for not only Uganda but also in Africa as well. To do that we have also put in wallet so that you can transfer money within a wallet within the same app.
You don’t need to move with your cash, it would be very easy for you to make payments wherever you go. You just go with your app and your money on the wallet then you can withdrew from any country that you want. So that’s the way to go and there’s no any other way right now.
Social media seems to be growing by leaps and bounds every single day.
With that comes viable opportunities for individuals and businesses as well. Just
as the sheer number of active users on social media can make your jaw drop.
Whatapp made 2 billion last week, instagram has 800 million and twitter has about 313 million monthly active users.
Cash Chat has also joined the club what makes Cash Chat unique is that you
earn money when someone views your status how cool is that.
