Senegal Startup Develops KoriPass to Help Ease the Process of making Transactions across Africa
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Founded in 2022 by CEO Nazib Ba and CTO Hamidou Ba, Kori Tech aims to solve a significant gap in the market concerning the “inefficiencies and challenges associated with cash transactions”, particularly in sectors like small retail and transportation. An electronic wallet associated with physical payment devices, KoriPass allows users to make micro-payments at their favourite merchants, quickly and without contact, thanks to physical devices, such as bracelets, stickers, or keychains, equipped with NFC and QR code technology. Users without smartphones can visit a KoriPass merchant, open an account, link their preferred accessory, and fund it with cash, or else fund their wallet via the app. Merchants, on the other hand, do not require multiple accounts – one KoriPass merchant account allows acceptance of all mobile money providers in Senegal.