Mazzuma

In line with the growing mobile money sector, the digital payments landscape in Africa continues to grow. However, with over 50% of the continent's population being unbanked and having little to no access to formal financial services, they are excluded from digital payments. In 2013, CYST created Mazzuma, a web application which provided a secure, simple and fast payment gateway for mobile money to address the issue of digital payments in Ghana. After successfully partnering with the major telecommunication network providers in Ghana (MTN, Vodafone, Airtel and Tigo) and successful integrations with several online merchants, Mazzuma evolved into a mobile money app in 2017. It was the first of its kind to utilize the power of artificial intelligence to process payments on Facebook Messenger and Telegram. Our services enabled our users to purchase airtime, pay their bills, send and receive money across mobile networks for free! Today, Mazzuma is one of the leading payment systems in Ghana and has access to over 15 million mobile money subscribers.

The next phase of Mazzuma bridges the gap between the significant economic benefits of mobile money and the innovation of cryptocurrencies. After making efforts to achieve financial inclusion and interoperability in our market, Mazzuma is ready to share our services and innovation with the world by creating the Mazzuma Token. The Mazzuma token (MAZ) utilizes a distributed secure infrastructure and cryptocurrency to enable seamless payments.

Our team has dedicated their time to working on the tiniest details to ensure our users experience exciting and innovative features. Our new and improved bots allow users to send MAZ tokens to other users via Facebook and Telegram. Developers! We haven't forgotten about you; we have created an API which allows you to accept MAZ tokens in their applications. We have also created plugins which give e-commerce shops the option of accepting the MAZ token, giving users the option to purchase their goods and services in a secure and instant manner. The Mazzuma app has also experienced a 360 makeover. With a companion keyboard feature, users can now experience a more seamless and convenient experience as they can make transactions without leaving their favorite messaging apps like WhatsApp, Messenger, Telegram, Viber and WeChat.

Our expertise with mobile money in the Sub-Saharan African market allows us to merge our knowledge and experience to create a more holistic payment system. Here is your opportunity to become part of the future of payment.

Mazzuma is a mobile money payment system that utilizes distributed secure infrastructure and cryptocurrency to enable seamless payments. The Mazzuma token, which will be referred to as MAZ, will be the key payment medium in the Mazzuma ecosystem. Transactions made on the Mazzuma platform are instantaneous and free of transaction fees. This philosophy is the driving force behind the Mazzuma ecosystem, which is to develop a strong and robust payment ecosystem which is available to the masses and provides the freedom for users to use their funds in a convenient and stress-free manner.

This aims to ensure that cryptocurrencies gradually replace existing mobile money as the main method of payment on the African continent by merging both systems on existing platforms. McKinsey estimates there are 100 million active MFS customers in Africa dealing in transactions worth $2.1 billion. Merging these systems together will accelerate cryptocurrency growth and will also expose users to the advantages of blockchain-based payments which will help correct existing problems with mobile money payments.