Obioma Michael :
I QA’d the app, and to be honest, the user experience is nothing to write home about. But truth be told, vending apps are a game of numbers. Let's do the math: if someone buys Airtel, the third party you are using—be it Buypower or VTpass—gives you points based on a reward system. Those points are convertible, or you can buy in bulk and resell on your app. However, the best approach is having a direct handshake (API integration). When a user buys Airtel or data, they get a reward that is convertible, which drives customer retention. It’s all a game of numbers. It is highly possible, but does he have the volume of recurring users?
Let's talk about cost distribution or the absorption of gateway charges. They are using a Microfinance Bank (MFB). The gateway charge can either be pushed to the customer (cost distribution), or the company can choose to absorb it—but if they absorb it, they cannot offer rewards.
Let’s look at another angle using electricity tokens via a direct handshake as an example: he could buy 1M worth of tokens for 1M Naira and sell them at a margin. Do the math when 1 million users buy from you; it’s a numbers game. Also, I noticed something when Billme came out. I tested the app, and Billpoint sent me an OTP. I figured it might be a white-label pattern app utilizing an actual MFB where virtual accounts sit directly on the infrastructure. Unlike companies using Paystack, this direct MFB infrastructure is cheaper to run, though building it right and scaling it is tough. He just needs to highly improve the app's QA and make it work seamlessly. He has the fame, and he can get the numbers if he hasn’t already.
2026-10-24 03:12:45