Source: Daily News
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.
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.”
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.
Read full article: https://dailynews.co.tz/pawapass-partners-with-mchezo-for-2-million-share-distribution-to-betpawa-customers/
