This AI Chatbot Enables Mobile Payments Without Internet Access
Alyson Wyers — February 25, 2017 — Tech
References: kudi.ai & springwise
This platform for messenger payments makes it easier to pay bills and manage personal finances for Nigerians. Based in Lagos, Kudi AI is an artificial intelligence-powered chatbot that utilizes Facebook Messenger to offer payment transfer services. It can also be used without Internet access -- something only 39% of Nigeria's population has.
Providing "seamless bill payment through messaging," Kudi AI helps Nigerian users send funds, buy airtime, pay bills and receive friendly bill reminders. Simple and secure to use, the reliable messenger payments will also work with Skype soon.
Co-founded by Pelumi Aboluwarin, the Y Combinator-backed startup addresses the issue of people struggling to adapt to new mobile apps by leveraging a familiar and compelling interface.
Providing "seamless bill payment through messaging," Kudi AI helps Nigerian users send funds, buy airtime, pay bills and receive friendly bill reminders. Simple and secure to use, the reliable messenger payments will also work with Skype soon.
Co-founded by Pelumi Aboluwarin, the Y Combinator-backed startup addresses the issue of people struggling to adapt to new mobile apps by leveraging a familiar and compelling interface.
Trend Themes
1. Messenger Payments Platforms - Messenger payment platforms offer an easy and convenient way to manage personal finances and pay bills via chatbot services.
2. Artificial Intelligence in Finance - AI-powered chatbots like Kudi AI present disruptive innovation opportunities for the finance sector by providing personalized and automated financial management services.
3. Offline Payment Services - Offering offline payment options via chatbots can be a potential game-changer for fintech companies, particularly in emerging economies with limited internet access.
Industry Implications
1. Fintech - The finance industry can leverage AI-powered chatbots to create innovative payment transfer and personal finance management services that cater to tech-savvy consumers.
2. Telecom - Telecom companies can collaborate with fintech startups to develop and promote user-friendly payment transfer services through popular messaging apps like Facebook Messenger and Skype.
3. Emerging Economies - Fintech startups can target emerging markets with low internet access by offering offline payment and chatbot services through existing channels like SMS and USSD codes.
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