Swifin Transact has been completely revamped from inside out and will be launched on Feb. 1st 2024.

With the large number of people who are impacted by Financial exclusion, vast number of people are not able to make online payments. This means businesses in these market are faced with the challenge of growing their market share cost effectively beyond traditional outlets where people can only pay for goods and services in Cash.

Within Continental Africa for example the population affected is as much as 91% in some Countries. Another problem is general lack of liquidity and liquid currencies causes friction. Creating a platform which combine fiat and the African Kingdoms Lumi (AKL) improves the overall liquidity conditions and this could bring the much needed boost for participating merchants.

Participants in Transact have to acquire a Swifin Dynamic Coupon or SDC which is deposited in Transact. Once deposited the Coupon's face value is digitised and becomes convertible, divisible and transferable to Merchants in exchange for goods and services on the basis of 50% Fiat and 50% in AKL.