Revolutionising Financial Inclusion with Money729
Money729 is breaking barriers for the unbanked and underbanked businesses worldwide through innovative fintech. Our solution enables any mobile phone user—regardless of device type—to securely accept credit card payments through a simple voice-channel system, instantly delivering funds to a virtual Mastercard usable at over 150 million merchant locations globally.
We're launching our proof-of-concept in Ghana through strategic partnership with MTN Ghana, creating a powerful bridge between local commerce and global markets. This initiative will empower SMEs and informal vendors, driving meaningful financial inclusion and unlocking economic opportunities previously beyond reach.
The Challenge: Financial Exclusion in a Digital World
Limited Global Access
Local payment systems like MTN MoMo restrict merchants to just 240,000 acceptance points, effectively barring SMEs from tapping into the $13.4 billion global e-commerce opportunity.
Connectivity Barriers
Rural internet penetration in Africa remains at a mere 15%, while data costs consume 6.5% of average income for just 2GB, placing digital financial services beyond reach for millions.
Fraud Vulnerability
Widespread mobile money fraud schemes and insecure verbal card detail sharing significantly undermine trust in digital payments, hampering both adoption rates and transaction volumes.
Device Limitations
For the poorest 20%, smartphones represent a staggering 95% of annual income, excluding vast populations from conventional app-based financial solutions and services.
Our Solution: Money729
Money729 harnesses Paytia's battle-tested Keyphone platform—a PCI-DSS Level 1 certified technology with a proven six-year track record serving global enterprise clients. Our revolutionary solution empowers any mobile phone user to securely process credit card payments through an intuitive voice-channel system using simple keypad tones.
Unlike conventional financial apps that demand smartphones and data connectivity, Money729 functions seamlessly on even the most basic phones with minimal 2G coverage. Payments are instantly credited to a prepaid virtual Mastercard, unlocking immediate access to over 150 million merchants worldwide and 1.9 million ATMs—bridging the gap between local economies and global commerce.
1
Merchant receives call
On secure payment number
2
Payment initiated
Merchant dials "7-2-9"
3
Customer enters card
Via keypad (DTMF inputs)
4
Instant authorization
Funds available immediately
Why Not Just Use an App?
Apps require smartphones
Unaffordable at 95% of annual income for poorest 20%
Apps need data connectivity
59% face usage gap, with 2GB costing 6.5% of income
Apps demand digital literacy
Only 32% financial literacy rate in Ghana
Money729's voice-channel solution ensures universal accessibility, requiring only a basic phone with minimal 2G signal. This approach builds on Paytia's proven six-year track record serving global clients, including enterprises like BAT and UCC, demonstrating reliability at scale.
By eliminating barriers of smartphone ownership, expensive data plans, and complex interfaces, we can reach and empower the 428 million unbanked adults across Africa—representing 45% of the adult population—with seamless access to global financial capabilities previously beyond their reach.
AI-Enhanced Security and Compliance
AI-Powered Fraud Detection Engine
Advanced real-time analysis of voice sentiment, payment behaviors, geographic discrepancies, and transaction patterns to identify and prevent suspicious activity before authorization.
  • Sophisticated voice stress and behavioral anomaly detection during calls
  • Proprietary machine learning models trained on extensive payment fraud datasets
  • Precision transaction risk scoring with continuous improvement
AI Compliance Copilot
Intelligent agent that monitors calls, evaluates regulatory compliance in real-time, and automatically enforces policy through Paytia's secure transaction capture system.
  • Immediate alerts for potential script deviations and compliance risks
  • Seamless activation of Secure Capture mode for sensitive information
  • Comprehensive dual-layer compliance verification with both AI and human oversight
Voice DNA Authentication
Leverages unique customer voiceprint as a sophisticated biometric signature to verify identity and authorize payments without requiring traditional security credentials.
  • Securely establishes distinctive voice signature during initial setup
  • Performs frictionless speaker verification on subsequent interactions
  • Integrates with tokenized payment methods for enterprise-grade security
Global Spending Freedom
150M+ Global Merchants
Connect with international customers and access major online marketplaces including Amazon and Alibaba without restrictions.
1.9M ATMs Worldwide
Withdraw cash anywhere globally, eliminating dependence on local mobile money agents or limited bank branches.
E-Commerce Access
Fully participate in Africa's rapidly expanding e-commerce ecosystem, projected to reach $13.4 billion with 500 million users by 2025.
Digital Services
Seamlessly purchase global digital services including online advertising, subscription platforms, and essential business software.
While MTN MoMo limits users to approximately 240,000 local merchant points, Money729's virtual Mastercard empowers SMEs to engage confidently in global commerce, directly supporting Mastercard's strategic initiative to digitize 50 million small businesses by 2025.
Data-Free Accessibility
Works on Any Phone
Functions seamlessly on basic feature phones with minimal 2G coverage, eliminating the need for expensive smartphones.
Zero Data Consumption
Operates completely offline, saving users from data costs that typically consume up to 6.5% of household income in developing regions.
Rural Accessibility
Bridges the digital divide in regions with just 15% internet penetration, addressing the critical 59% usage gap across Africa's underserved communities.
Intuitive Interface
Features straightforward numeric commands perfectly tailored for markets with limited financial literacy, where only 32% of Ghana's population has formal financial education.
Enhanced Security Against Fraud
DTMF-Masked Card Entry
Secures transactions by preventing verbal exposure of sensitive information
PCI-DSS Level 1 Compliance
Meets highest industry security standards, handling 96% of compliance requirements
Voice DNA Authentication
Advanced biometric verification eliminating the need for vulnerable PINs
AI Fraud Detection
Sophisticated algorithms identifying suspicious patterns in real-time
Money729's comprehensive multi-layered security approach directly addresses Ghana's pressing fraud concerns, including the widespread OTP scams frequently reported across social media platforms. By implementing these robust security measures, we've observed up to 17% increase in transaction volumes, demonstrating how enhanced security builds consumer trust and drives adoption of secure payment systems in the market.
The Ghana Opportunity
GHS 649.2B
Mobile Money Volume
Jan-Feb 2025 transactions (64.68% growth)
97%
Financial Access
Adults with access to financial services
70%
SME Contribution
Percentage of Ghana's GDP from SMEs
5-10%
Unbanked Population
1.1-2.2 million adults without accounts
Ghana's thriving mobile money ecosystem processed GHS 3.0192 trillion (USD 192.24 billion) in 2024, with forecasts indicating a surge to USD 933.96 billion by 2033 at an impressive 18.24% CAGR. With 74.1 million registered accounts representing 59.7% of adults, Ghana presents a strategic opportunity for innovative financial solutions that bridge local needs with global capabilities, particularly for the underserved small business sector driving the nation's economy.
Proof-of-Concept in Ghana
MTN Partnership & Regulatory Compliance
Secure strategic partnership with MTN Ghana (controlling 75% market share) and obtain essential regulatory approvals from the Bank of Ghana for compliant operations.
Strategic User Acquisition & Education
Deploy to 5,000 targeted businesses across urban Accra and rural Ashanti Region, utilizing MTN's extensive network of 411,000 active agents to provide comprehensive training and ongoing support.
Data-Driven Refinement
Implement structured feedback collection mechanisms, optimize performance for Ghana's unique market dynamics, and enhance AI capabilities based on authentic user interaction patterns.
Enterprise-Ready MVP Development
Develop a robust, scalable minimum viable product by May 2026, incorporating critical insights from the POC phase and finalizing the AI infrastructure for seamless regional expansion.
Global Market Potential
Our market opportunity is substantial, with 1.4 billion adults worldwide lacking banking services—representing 24% of the global adult population. Africa alone accounts for 428 million unbanked adults, or 45% of its 950 million adult population. As digital financial services expand, the global mobile payments market is projected to reach USD 587.81 billion by 2030. Particularly promising is Africa's mobile money sector, which is forecasted to grow from USD 804.9 million in 2024 to USD 3.93 billion by 2032, demonstrating a robust 18.31% compound annual growth rate and signaling tremendous potential for innovative financial solutions.
Competitive Landscape
Money729 delivers a significant competitive advantage through its unparalleled accessibility and reach. While MTN MoMo operates primarily within local markets and app-based fintechs exclude non-smartphone users, Money729's technology functions on any basic phone with minimal connectivity. Our PCI-DSS compliant platform enhanced with AI-driven security protocols protects transactions across 150M+ global merchants—dramatically outpacing competitors' limited networks. This unique combination of universal access, superior security, and extensive reach positions Money729 as the only solution truly capable of delivering financial inclusion across all demographic segments, regardless of technological or infrastructure constraints.
Societal Impact
Financial Inclusion
Empowers Ghana's 1.1-2.2 million unbanked adults (5-10% of population) and addresses Africa's 428 million unbanked citizens, with particular focus on rural communities, non-smartphone users, and those with limited literacy.
Women's Empowerment
Strategically aligns with MTN's 40% female user target, providing women in informal sectors with secure, accessible financial tools that enhance business autonomy and economic independence.
SME Growth
Strengthens small businesses that drive 70% of Ghana's GDP, connecting them to global markets through simplified digital payments, thereby boosting revenues and catalyzing job creation.
Digital Economy
Accelerates Ghana's transition toward a cashless economy, reducing reliance on physical currency while building a robust, inclusive, and sustainable digital financial ecosystem.
Three-Year Implementation Plan
Money729's comprehensive financial inclusion initiative will address critical barriers to banking access across Africa while creating sustainable economic impact through a methodical three-phase approach.
Phase 1: Ghana Proof-of-Concept
We will establish our initial infrastructure with 5,000 Ghanaian businesses, secure MTN integration partnerships, and develop our AI-enhanced MVP with full functionality by May 2026. This foundational phase will validate our approach and refine our implementation strategy.
Phase 2: Expansion Implementation
We will scale to 50,000 users across Ghana, facilitate strategic expansion into Nigeria's underserved market where 52% remain unbanked, and establish sustainable revenue streams through our transaction infrastructure by 2027.
Phase 3: Pan-African Scale-Up
In the final phase, we will reach 500,000 users across multiple African markets, develop integration with global payment networks like Visa to enhance cross-border capabilities, and create a sustainable model for long-term financial inclusion by 2028.
Our methodical implementation approach ensures each phase builds upon validated learnings, maximizing program effectiveness while creating immediate impact for Africa's unbanked communities, with measurable social impact metrics including financial inclusion rates, economic participation among marginalized populations, and SME growth indicators.