Transact is a Community Tool for using dynamic hybrid coupons called Swifin Dynamic Coupon or SDC. The face value of each SDC is based on 50% in Fiat and 50% in the African Kingdoms Lumi (AKL). You will therefore need to buy and deposit your SDC which can be settled in Transact for you to use in exchanging goods and services from other members of the community.

There are 5 SDCs available. These include 10SDC, 100SDC, 1000SDC, 10000SDC and 100000SDC

There are currently only 5 SDCs with different face values. These are listed below; 10SDC = USD5 + AKL0.313283 100SDC = USD50 + AKL3.132832 1000SDC = USD500 + AKL31.328321 10000SDC = USD5000 + AKL313.283208 100000SDC = USD50000 + AKL3132.832080

SDCs which have a fixed face value areavailable from Swifin Connect Marketplace. You can use the link below to find and buy them. https://connect.swifin.com/?s=sdc&post_type=product

All SDCs are settled in Swifin Transact. So you will receive the USD equivalent of the face value of the SDC into your Transact Account. This is similar to paying in a check or redeeming a voucher. Make sure you select USD as the currency to deposit your SDC.

No. You can keep SDCs for as long as you want or deposit them to your Transact Account at any time.

After purchasing your SDC or receiving one from another Community member you will need to create a Deposit transaction in Transact and provide your SDC order number. The face value of the SDC will be credited to your Transact Account.

Transact is the the only Tool that provides integrated environment for exchanging goods and services using Swifin Dynamic Coupons (SDC). The value of each SDC is 50% fiat and 50% AKL. When you use Swifin Transact, you will not need to make two separate transactions for each component value. Transact enable the unbanked to take advantage of the SDC to pay for goods and services with 50% fiat and 50% AKL without using a Bank Card.

Yes. 50% in Fiat and 50% in AKL. Transact works on the basis of [50/50] in and [50/50] out. Even though you can trade with the full face value in any currency of your choice.

Once SDC is delivered in Transact on a 50/50 basis, they become instantly divisible, transferable and convertible into any local currency equivalent value in order to facilitate trade and exchange of goods and services across the community in any familiar currency. This is always on a 50/50 basis. Therefore similarly, all withdrawals follow the same 50/50 rule. This means that 50% will be paid in fiat and 50% in AKL

Yes. There is a standard fee of USD0.6O + 2.5% on all transactions. The fee is charged on the principal value being transferred.

USD5 + AKL0.313283

USD50 + AKL3.132832

USD500 + AKL31.328321

USD5000 + AKL313.283208

USD50000 + AKL3132.832080