New Innovative/Disruptive Products

Created A.F.R.O. Platform      Traditional- Bank Industry

Borrowers Foreclosure Insurance-BFI -vs- Bank Insurance-PMI

No Credit Score-mortgages     - vs- Credit Score-FICO

Wealth Building Classes              -vs- Financial Literacy

Un-banked-Checking/Saving       -vs- None-Currency-Exchange

Smart card-Banking on chip         -vs- None-

Home Ownership Savings Club   -vs- None, Saving Account

Church- Housing Ministry          -vs-   None

Church-Building Trade Ministry  -vs- None

Business Loan Funding-5-20 days -vs- Bank:  45-180 days

Person to Person Lending-P2P     -vs-  None

Pre-Qual Mortgage Lending -vs- Same

Home Finance Management -vs- None

Community Analysis/Job Tracking -vs- None

Corporate Giving Community Tracking vs- None

 A.F.R.O. Financial Platforms

AFRO DOLLAR  = Transactions Platform: Tracks large purchases, money transfers, for B2B, C2B, B2C, C2G, P2P transactions.

AFRO MONEY  = Investment Platform: AFRO Treasury-Bill/Notes, Bonds rates are complementary to the US Treasury, Bills/Notes/Bonds.

AFRO CASH    = Small Cash Platform: Non-tracking real-time small purchases person to person P2P, consumer to business C2B   

AFRO PAY            = Payment Platform: Personal, Business, Local Government: B2B, C2B, B2C, P2P, C2G

AFRO SCORE = No Credit Score Platform: Propriety no credit-score model for loans (personal, mortgages, auto, business).

AFRO LOAN = Lending Platform: (Business, Auto, Personal)

AFRO MORTGAGE = Mortgage Platform: (Business, Home)

A.F.R.O. COMMUNITY PLATFORMS  

AFRO Works = Local workforce skills development, job tracking, training.

AFRO Community Development = Investments in low-income housing, community development projects, light manufacturing, community tech

AFRO Donations, Volunteerism  = Donations and volunteers to local non-profit projects and missions.

AFRO Marketplace & Shopping =  Online Shopping Market-Place  products and services from merchant partners and business members to compliment local business.

Payments: AFRO Digital CASH Wallet

AFRO-PAY is a payments platform ecosystem where we expect mobile payments to reach a 75% adoption rate in the urban markets in the U.S.

PAYMENTS: Person-to-Person (P2P)

P2P and mobile payments offers real time person-to-person payments funded by, and settled to any funding source, including AFRO Wallets, accounts, cards, prepaid and lines of credit.

Sender and recipient identifiers can be mobile phone numbers, bank account numbers, card numbers or any other unique identifier, including social media identities.

The P2P service is also bundled with multimedia chat and invite friends capabilities, making payments social and contextual, enabling viral spread.

PAYMENTS:                Consumer to Business (C2B), (B2C)                                 Consumer to Government, (C2G)

AFRO PAY  provides payments to local merchants at their brick and mortar store, their website or online in the AFRO Dollar Marketplace. This enables consumers to pay merchants using their mobile phone, funded by any funding source, including accounts, cards, prepaid and lines of credit of the AFRO Digital Wallet. AFRO Pay allows payment to local government,  eg. parking tickets, water, fees, utility bills etc.

With Digital Cash Payments, consumers can make payments to merchants or government by sending any amount to a merchant or government identifier (usually name or number), allowing for simple payments with the same flow as P2P without any hardware.

PAYMENTS: Business to Business (B2B)

Business payments are associates

PAYMENTS: Loyalty, Rewards (B2B) (C2B)(B2G)

Each time a member spend AFRO Dollars with any merchant, all loyalty and rewards are loaded on their AFRO Wallet. AFRO PAY- Linked Loyalty provides Merchant's rewards and loyalty cards on the platform. Rewards and Loyalty points/ dollar cards and history are linked on the member's AFRO  Wallet to the merchants loyalty schemes.The AFRO Wallet payment card becomes their loyalty card, eliminating the time, complexity and hassle of retrieving and showing plastic loyalty cards, key fobs, paper coupons or loyalty apps at checkout.

Coupon- loyalty solutions

SME merchants can offer coupon payments for their products and services, driving loyalty and simplifying the purchase process for consumers. Customers can buy at anytime from anywhere and collect their product or service by redeeming a digital coupon

All  AFRO Dollars Bonus dollars, loyalty and rewards can be redeemed at any Merchant or Business on the AFRO platform.

 AFRO Digital Marketplace

Users can find merchants by search, location, popularity, or campaigns, to access their digital menu directly on the AFRO Platform.

Digital receipts All payments done with the consumer app include electronic receipts made readily available in the consumer app and are thus compliant with regulations.

Invoice payments Consumers can pay their invoices directly in the consumer app. Paper-based invoices can be paid for by sending money to the merchant identifier, or by scanning a QR code printed on the invoice. Once enrolled, the user may receive invoices directly in the consumer app, where it can be paid digitally.

Digital receipts All payments performed with the consumer app, automatically generates an electronic receipt. Depending on the merchant and integration type, the actual purchase receipt with line item details can be made readily available in the consumer app.

Loyalty Integration Thanks to the data sharing capabilities of the system, merchants can identify users and combine mobile payments with any existing loyalty scheme. Loyalty can be extended to include dialogue back to the customer via the consumer app as offers, coupons or simple text.

Data sharing & permissions management The system collects and manages a wide variety of user data, ranging from customer identity to transaction history. Configurable by the scheme owner, the system can enable merchants to collect and use customer data, with or without the customer’s consent (configurable by the scheme owner and subject to local legislation). Before, during or after a transaction, data points such as loyalty ID, name, address, balance and purchase history can be shared. This data can be used by the merchant to create personalized shopping experiences and automate future interactions. Users are, however, free to turn on/off sharing permissions for individual merchants (and for specific data points) inside the consumer app.