A while ago I read an article about a company called Wizzit, which offers secure and efficient payment mechanism to the unbanked and under-banked people in South Africa.  Wizzit uses a “pay-as-you-go” model in which it does not charge any monthly fees.  

I contacted the company on my behalf saying that I was interested in implementing Wizzit’s mechanism in Guatemala. Unfortunately, they try to avoid third parties since costs need to be as low as possible (which is completely understandable).  

Wizzit it a great example on how such an innovated method can help the poor. I truly admire the company values and philosophies. I will pitch this idea to several banks in Guatemala. Hopefully we can implement such a method to empower the poor financially.   Click here to go to their webpage.

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