DreamOval promotes a digital payment service product in Ghana known as SlydePay. The platform allows millions of Ghanaian consumers, merchants and businesses to pay and receive money for goods and services, while also allowing consumers to transfer money to other Slydepay users at no charge. Consumers are able to top up their accounts using VISA cards, Airtel Money, First Capital Plus Speedbanking vouchers, MTN Mobile money and TiGo Cash.
RGF funds the company’s new product called SlydeRemit. SlydeRemit is an experiential upgrade to the "SEND MONEY" service of the SlydePay app (a FinTech and bank partnership between Stanbic Bank and DreamOval Limited that allows individuals and businesses to pay and receive money via web and the app).
The grant support is USD 144,000 while DreamOval provides matching funds of USD 604,030 towards the implementation of the project.
The project seeks to contribute towards meeting the following RGF objectives:
1.Faster remittances through improved last mile access and
2.Lowering the cost of remittances