NALA is making mobile money faster for Tanzanian smartphone users, with no internet required. 16,000+ Tanzanians have signed up to join the cashless movement.
NALA’s mobile application will facilitate native, in-app payments and purchases via Airtel Money, Halo Pesa, Tigo Pesa, TTCL Pesa, and Vodacom M-Pesa. Most importantly, NALA helps mobile money users evolve from a text-based USSD interface to a simplified graphical user interface.
NALA is also implementing blockchain technology to log and store transactional records (via ethereum) and to facilitate cross network and eventually cross border transfers (via Interledger). The verifiable, auditable, and non repudiable nature of these records gives the regulator and bank/MNO partners confidence in their transactional integrity.
THOUGHTS FROM DFS LAB
NALA meets our thesis that over-the-top solutions will be critical in how user experience and interface evolves in mobile money. Nala provides a single, unified experience on top of an otherwise disparate and dynamic mobile money ecosystem. We have a high degree of confidence that NALA’s model will be replicated across mobile money markets worldwide. To that end, we are excited to work closely with NALA to identify ways to monetize this interface- and data-driven approach.
Benjamin, co-founder of NALA, is an award-winning speaker and entrepreneur from Tanzania. Fernandes recently graduate from Stanford Graduate School of Business with his MBA. He formerly worked for the Bill and Melinda Gates Foundation. Fernandes and his team at NALA have a goal to build the first digital bank for East Africa.
Sam is the CTO and co-founder of NALA and is passionate about financial inclusion and user privacy. He currently lives in Seattle, USA, where he recently finished a Master's in Computer Science, focusing on computer security and privacy in mobile money applications in East Africa. Sam's background covers a medley of math, physics, and CS, consisting mostly of Android development, security, and also theoretical CS.
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