A bold or obvious prediction about the future
Here is a bold (or obvious) prediction. In less than 5 years we will see close to a third of banking halls shutter and close to 50% of banking jobs cut. Of course we cannot predict the future, at least not with precise accuracy and so many things can go wrong to alter the trajectory of life — butterfly effect to some chaos theory to others.
But we can make some sense out of uncerntainty by looking at the signals. Our mobile phones are now our banking halls and our debit cards our cash. My name is ebun and I am one of the founders of Verifi.ng. We are the creators of Pay by Verifi — Salaries redefined and made simpler.
While salaries may seem a particularly unsexy start into a wider conversation, it matters because it is something that applies to most of us, we are either receiving or paying salaries or doing both, so heck why not make the process easier, faster, cheaper and more intuitive? At Verifi, the future excites us, a digital one, not analog. A seismic shift into a world that is horizontal and more interrelated.
Tunji and Onyeka — newlyweds in 2020 will approach their real estate agent to rent a house in Ajah. The agent will scroll through her tab to let them know which homes are available, they will put on their Virtual Reality (VR) headsets and quickly tour the houses right there without leaving the office, once done the newlyweds will decide which one they want. The agent will ask for their BVN’s and enter it into a database, that database will return their salary history, their loan history along with other financial records but more importantly it will tell the agent how attractive or unattractive candidates they are, because we like Tunji and Onyeka — they qualified and will be moving in together. Time to furnish their home. They will browse their favorite websites, pick out what they want, apply for credit using their BVN and biometrics to authenticate identity (remotely) and the pieces will start to arrive. We wish them a happy life together. Now allow yourself to engage all feelings of the imagination. Everything will change. Technology will redefine our humanity. Data will fuel it. It’s time to harness it.
At Verifi we are building that future…
Boldly, painfully and hopefully. Pay is our hello. So, hi :). Here is what it can do today and will do. A single deduction and multiple disbursements.
Charge once, and with that same action, pay your employees, pay PAYE directly to the government and get an instant receipt of payment directly from the state, pay pensions directly to your PFA and receive a breakdown of your pension performance. Of course all these features are optional, you can opt to just pay salaries, bonuses and deductions. We work for you not the government or the pension companies. We also have so many neat features on the employee side, but we serve entrepreneurs so we will not talk about those.
A funny thing about salaries as they exist today
Is that they are hard to make consistenly and on time, which hurts the morale of your team badly. We have partnered with a bank and we have a product called PayAssist. Need help paying salaries on time? Apply, it is super simple. Most businesses do not have debit cards, cashless-ness did not extend to the commercial side but we want you to apply for a debit card, the only way to use Pay by Verifi is through your debit card.
But not just our product
Are you a dentist and want to target young mothers in Lagos between the ages of 30 -35, you can you know? You can through the power of digital marketing, Facebook, Twitter, Linkedin and Google Adwords. Some of you are getting this email simply because we paid to target business owners. If you are not getting the word out digitally, we think you need to start now. Bet your business on a digital future, automate all, yes including salaries by using Pay by Verifi. Get a debit card!. Your company needs it to access the tools of tomorrow.
Sorry for the long email, our future is long as it is bright.
To a successful 2018
ebun
