pawaPass partners with Mchezo for $2 million share distribution to betPawa customers
Kigali, Rwanda. pawaPass, a regtech platform providing user verification and compliance solutions for African businesses, has forged a landmark partnership with sports and technology brand Mchezo. This collaboration will launch an economic inclusion initiative, facilitating the deployment of $2 million worth of shares to over 200,000 betPawa’s committed customer base. This news follows pawaPass’s recent acquisition of a Trust & Corporate Service Provider [TCSP] licence from the Rwandan Central Bank [BNR], which will ensure a secure and compliant execution of the mass share distribution.
Started in 2022 by Sylvia Brune, pawaPass is revolutionising online fraud and abuse prevention in Africa with a unique combination of low-touch data points, non-ID-based user verification, and highly accurate anti-duplication technology. With its cutting-edge face and document verification tool that meets the highest security and encryption standards, pawaPass is well-positioned to manage the secure custody of shares. This initiative will empower end-consumers across 11 African markets, for the Mchezo-owned sports betting brand bet Pawa. Since early 2022, pawaPass and Mchezo have engaged in developing a state-of-the-art solution to redefine economic inclusion within the African market and will start to roll out this month.
The TCSP licence, introduced by the Rwandan Central Bank in September 2022, affirms pawaPass’ adherence to rigorous security, governance and compliance standards within the local and international regulatory landscape. Each application undergoes a rigorous review process, typically concluded within a month, ensuring companies that meet the criteria are granted this credential. With this licence, pawaPass gains reinforced authority to safeguard and manage assets on behalf of third parties, an essential function in administering the share distribution for bet Pawa customers.
Speaking on the partnership, Sylvia Brune, CEO of pawaPass, said, “Conventionally, the process of onboarding investors and safeguarding assets in line with Know Your Customer (KYC) and
Anti-Money Laundering (AML) standards is a costly and manual process that makes it impossible for micro-shareholders to own digital assets like shares. In our quest to make this process more efficient and scalable, we ended up embarking on the TCSP licensing journey to create a bespoke solution for Mchezo that both verifies those selected to become micro-shareholders and safeguards their shares.
“By making the process more inclusive and scalable, we have opened up the door for more inclusive investment opportunities, enabling hundreds of thousands to participate in the economic landscape with confidence and ease.”
Kresten Buch, a Director at Mchezo, shared, “ For years, we have wanted to make our loyal customers co-owners of the bet Pawa brand because they are the reason we exist. But doing this in a compliant, secure, and cost-effective way has been very difficult so we are excited that pawaPass has provided us with a way to finally make this possible.”
With nearly half of sub-Saharan Africa’s population lacking basic identity documents, individuals face significant challenges when trying to access and participate in the formal economy and the opportunities that it provides. pawaPass’ approach bridges this gap, enabling a demographic traditionally excluded from digital financial systems, to gain shareholder status. This is an important step towards dismantling systemic barriers to economic inclusion, fostering a landscape where access to identification is no longer an essential requirement for financial empowerment.
Rwandan entrepreneur Malik Shaffy, who recently joined pawaPass as Board Director, commented, “Allocating 10 of shares to over 200,000 people across multiple African markets demands solutions that are fraud and abuse-proof, but also scalable and inclusive. In response to rising online fraud and the growth of new internet users, we needed to create a simple yet fraud-proof biometric user verification system accompanied by a digital ‘safe’ designed to oversee the safeguarding of shares.
As a result, individuals with the most basic smartphones and lacking access to official identification can confidently own and access their assets without compromising security.
As an entrepreneur, the drive to build innovative solutions that protect and include all is what excited me to join the PawaPass board.”
Aw, this was a really good post. Taking the time and actual effort to make a very good article… but what can I say… I put things off a whole lot and never seem to get nearly anything done.
May I simply just say what a comfort to uncover an individual who actually knows what they’re talking about on the web. You definitely understand how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I was surprised you aren’t more popular given that you definitely have the gift.
Aw, this was a really good post. Spending some time and actual effort to generate a good article… but what can I say… I procrastinate a lot and don’t seem to get nearly anything done.
Aw, this was a very nice post. Finding the time and actual effort to make a top notch article… but what can I say… I hesitate a lot and never manage to get nearly anything done.
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Currently it appears like Movable Type is the preferred blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
This design is spectacular! You obviously know how to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Great job. I really loved what you had to say, and more than that, how you presented it. Too cool!
Wonderful post! We are linking to this great post on our website. Keep up the good writing.
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Thanks for any other informative site. Where else may just I am getting that type of info written in such a perfect way? I have a challenge that I’m just now running on, and I have been at the glance out for such information.
Wow that was unusual. I just wrote an really long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say fantastic blog!
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Excellent post. Keep posting such kind of information on your page. Im really impressed by it.
Right now it seems like WordPress is the best blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
Hello there, You have done an excellent job. I’ll definitely digg it and personally recommend to my friends. I’m confident they’ll be benefited from this web site.
Can I simply just say what a comfort to find somebody who actually understands what they’re discussing online. You actually understand how to bring an issue to light and make it important. A lot more people ought to check this out and understand this side of your story. It’s surprising you aren’t more popular given that you most certainly possess the gift.
Excellent post. Keep posting such kind of information on your site. Im really impressed by it.
Can I just say what a comfort to discover somebody who truly understands what they’re discussing online. You actually understand how to bring an issue to light and make it important. A lot more people should check this out and understand this side of your story. I was surprised that you are not more popular because you surely possess the gift.
Hey there! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyhow, I’m definitely happy I found it and I’ll be bookmarking and checking back frequently!
May I simply say what a comfort to find someone who genuinely understands what they are discussing over the internet. You certainly know how to bring an issue to light and make it important. More and more people ought to look at this and understand this side of the story. It’s surprising you aren’t more popular because you certainly possess the gift.
I’m gone to inform my little brother, that he should also pay a quick visit this webpage on regular basis to take updated from hottest news.
Thanks for the good writeup. It if truth be told was once a leisure account it. Look complex to far delivered agreeable from you! However, how could we keep up a correspondence?
Since the admin of this website is working, no question very shortly it will be well-known, due to its quality contents.
Aw, this was an extremely good post. Taking the time and actual effort to make a good article… but what can I say… I put things off a whole lot and don’t seem to get nearly anything done.
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Aw, this was an extremely good post. Taking the time and actual effort to make a superb article… but what can I say… I procrastinate a whole lot and don’t seem to get anything done.
Nice post. I learn something new and challenging on websites I stumbleupon every day. It will always be exciting to read content from other writers and use a little something from their web sites.
Excellent pieces. Keep writing such kind of info on your page. Im really impressed by your site.
Touche. Solid arguments. Keep up the amazing effort.
Aw, this was an extremely good post. Spending some time and actual effort to create a good article… but what can I say… I procrastinate a lot and don’t manage to get anything done.
Can I simply just say what a relief to uncover an individual who really understands what they are talking about on the net. You certainly realize how to bring an issue to light and make it important. More and more people really need to check this out and understand this side of your story. I was surprised you’re not more popular because you definitely have the gift.
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Greate post. Keep writing such kind of info on your site. Im really impressed by your site.
Greate pieces. Keep writing such kind of info on your blog. Im really impressed by your site.
Hey there, You’ve performed a great job. I will certainly digg it and for my part recommend to my friends. I’m sure they will be benefited from this site.
Currently it looks like Expression Engine is the best blogging platform available right now. (from what I’ve read) Is that what you’re using on your blog?
My family members all the time say that I am killing my time here at net, but I know I am getting know-how every day by reading thes good content.
Hi, this weekend is good in support of me, since this time i am reading this enormous educational article here at my home.
Wow that was odd. I just wrote an really long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say great blog!
For hottest information you have to visit web and on world-wide-web I found this website as a most excellent web site for latest updates.
Excellent post. Keep posting such kind of info on your page. Im really impressed by your site.
Greate pieces. Keep writing such kind of information on your blog. Im really impressed by your site.
There’s certainly a lot to find out about this topic. I like all of the points you’ve made.
Aw, this was a really nice post. Finding the time and actual effort to produce a very good article… but what can I say… I hesitate a whole lot and don’t seem to get nearly anything done.
Hi there, I found your site by way of Google at the same time as looking for a similar subject, your site came up, it seems to be good. I’ve bookmarked it in my google bookmarks
Informative article, just what I needed.
Hi there, You have done a great job. I will definitely digg it and in my opinion recommend to my friends. I’m sure they will be benefited from this site.
At this time it sounds like Expression Engine is the preferred blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
May I simply just say what a comfort to discover an individual who genuinely understands what they’re talking about on the internet. You actually understand how to bring an issue to light and make it important. More and more people need to look at this and understand this side of the story. It’s surprising you aren’t more popular given that you definitely possess the gift.
Excellent article. Keep posting such kind of info on your page. Im really impressed by your blog.
Hey there, You have performed a great job. I’ll definitely digg it and in my view recommend to my friends. I am confident they will be benefited from this web site.
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Currently it looks like Drupal is the preferred blogging platform available right now. (from what I’ve read) Is that what you’re using on your blog?
Right now it looks like Movable Type is the best blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Can I simply just say what a relief to discover an individual who actually understands what they are discussing on the net. You definitely realize how to bring an issue to light and make it important. More people really need to read this and understand this side of your story. I was surprised that you are not more popular because you definitely have the gift.
Greate pieces. Keep writing such kind of information on your blog. Im really impressed by it.
Greate post. Keep posting such kind of information on your page. Im really impressed by your blog.
Wow that was strange. I just wrote an really long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyways, just wanted to say superb blog!
Wow that was odd. I just wrote an extremely long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say superb blog!
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Excellent pieces. Keep posting such kind of information on your blog. Im really impressed by your site.
At this time it appears like BlogEngine is the top blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
Wow, that’s what I was searching for, what a material! present here at this blog, thanks admin of this website.
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Right now it appears like Movable Type is the best blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
Wow that was strange. I just wrote an very long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say excellent blog!
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Hi to every one, it’s actually a nice for me to go to see this website, it contains important Information.
Incredible! This blog looks just like my old one! It’s on a completely different subject but it has pretty much the same layout and design. Superb choice of colors!
Currently it seems like Drupal is the best blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?