Deejay Linx Resources intends to replicate the success of prepaid airtime and electricity distribution in Kaduna, Jos and Kano Electricity Distribution Zone (KDEDC) that has already been adopted by Eko, Ikeja, Ibadan and Abuja DISCOs in Nigeria. The DLR proposal to KDEDC involves deploying the Nomanini Online/Web, Mobile POS and Scratch card pin Vending solution that will service the circa 400k prepaid electricity and millions of mobile GSM lines in the Zone.
DLR has made a Demo presentation of the Nomanini solution to KDEDC management. Our strategy is to use a network of agent locations like retail shops, kiosks, street vendors through a dealership network. Across the African continent, over $60 billion in airtime-a-year is already being traded by someone; mostly informal vendors. Our goal is to organize these informal vendors into cooperatives and formal agency network. One example is Bamba Kenya, Nomanini partners in Kenya. They are now using Nomanini system to distribute prepaid mobile airtime instead of using scratch cards. We acquire the prepaid pins that are loaded into the system and administer a cash collection using a network of agents locations, whether mobile money credits, energy units or airtime. This increases the agents earning potentials while at the same time providing convenience to people leaving in these communities.
The typical amount an agent can make a month, Let’s say, at 5 percent commission is about N10,000 a month, which is about $55 a month. Something to bear in mind is that there are two reasons for an informal trader to sell prepaid mobile or energy units. The first is, of course, that it earns a profit. The second is a draw-card that attracts footfall to the point of sales and enables a merchant to increase sales of other, usually higher margin goods too. Some informal retailer's overall sales dropped 40 percent when they had stopped trading airtime. I think it’s important to understand that $50 sounds like very little, but the median income for an entrepreneur in the informal trade in Nigeria is about $160 per month overall, so it’s a sizeable jump on a very low base.
This is aside from the regular training and business support we will be offering these informal traders.
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Nomanini POS Terminal
