Cheers is a global “Wallet-as-a-Service” platform. Worldwide compliant, no bank account needed. We offer a suite of APIs for developers to seamlessly embed in-app wallets and to build game-changing features using mobile money without jeopardising cross-border scalability.
PRODUCTS & SERVICES:
API-based wallets with global transaction capabilities. Cheer Wallets come white-labelled or branded and do not require a user to have a bank account or payment card. Able to transact in multiple currencies, instantly, and down to micro price-points (e.g. $0.01).
Viewable by subscribers only
Online retail consumers
PRIMARY PROBLEM SOLVED:
There are 3 billion smartphone users connected through global platforms (WhatsApp, Facebook, and many others). These platforms struggle to integrate mobile money because their user base is highly fragmented with 1000s of wallets, countless regulatory regimes, various levels of financial inclusion.
We have been immersed in the world of global payments and financial regulations for several decades and are evangelists for borderless mobile money. Living and breathing emerging markets and regularly participating in the world's toughest off-shore yacht races shaped us in many ways, especially in being focused and resilient.
NUMBER OF TRANSACTIONS:
6 K in 2016
$1 in 2016
Prototype consisted of social use-cases with contextual micro transactions.
3000 Million in 2016
ACTIVE USERS COMMENT:
Public prototype in restricted environment (single country, emerging market, social use cases).