HammerPay Rolls Out No Fees for Customer Cash-In on UBA Remit Wallet Powered by HammerPay
HammerPay, a subsidiary of Hammer Fiber Optics Holdings Corp. (OTC Pink: HMMR), has introduced a zero-fee cash-in feature for its UBA Remit Wallet in Liberia. This move is designed to boost platform adoption by removing the financial burden on customers, thereby increasing transactions and user engagement. The initiative aims to bridge the gap between banked and unbanked populations, providing greater financial inclusion. CEO Gerald Sherman highlighted the strategic significance of this change in promoting wider adoption and offering merchants enhanced business opportunities through the wallet.
- Introduction of zero-fee cash-in feature.
- Expected increase in customer acquisition and transactions.
- Enhanced platform accessibility for unbanked customers.
- Potential for improved financial inclusion in Liberia.
- Growth opportunities for merchants using the platform.
- None.
Liberia, West Africa--(Newsfile Corp. - June 20, 2024) - HammerPay, a wholly-owned subsidiary of Hammer Fiber Optics Holdings Corp. (OTC Pink: HMMR), has revamped its cash-in process for the UBA Remit Wallet - powered by HammerPay in Liberia. Customers can now deposit funds without any fees, a move aimed at driving platform adoption and usage. This change eliminates the burden of fees for customers, making it easier for them to embrace the wallet.
The zero percent cash-in feature is expected to increase customer acquisition and transactions, benefiting both customers and merchants. Adoption of the wallet offers more security and financial management tools than using cash for transactions. Removing cash-in fees eliminates barriers to usage. Additionally, the move aims to make the platform more accessible to customers in Liberia and beyond. It is a strategic undertaking by HammerPay to bridge the gap between banked and unbanked customers; and to provide unbanked customers with a facility that reduces the barrier to digital banking and financial services.
Gerald Sherman, CEO and President of HammerPay, highlighted the significance of this change, stating, "By removing the customer cash-in fee, we aim to set ourselves apart from competitors and promote wider adoption of our wallet. This decision bridges the gap between banked and unbanked populations and signifies a major step towards our goal of financial inclusion for everyone across the continent."
He emphasized HammerPay's dedication to driving platform adoption through user-friendly features like bank-to-wallet transfers, cash agent top-ups, and merchant transactions, all without additional fees. The no-fee transaction also extends to peer-to-peer transfers and merchant top-ups, ensuring a seamless experience for all users. This customer-centric approach is designed to attract a larger customer base and offer merchants a compelling value proposition to enhance their business opportunities as offered by the UBA Remit Wallet - powered by HammerPay.
About HammerPay
HammerPay (USA) Ltd, a wholly owned subsidiary and brand operated by Hammer Fiber Optics Holdings Corp., is a mobile-first digital technology product, powering stored-value digital services for businesses and consumers, including those previously left outside the digital revolution. HammerPay was developed to scale a highly attractive digital cash/cashless solution to be deployed along with partners around the world, delivering expertise for both developed and developing economies. HammerPay connects mobile consumers to cashless purchasing and bill payments, instantly enabling consumer broad adoption. For more information, contact Investor Relations at info@hammerpay.com.
About Hammer Fiber Optics Holdings Corp.
Hammer Fiber Optics Holdings Corp. (OTC Pink: HMMR) is a company investing in the future of technology. Hammer has broadened its strategy to focus on the rapidly evolving world of innovative technology and in an effort to keep pace, has restructured the group to allow for the creation of several related verticals. Hammer has entered the Fintech industry which is rapidly becoming the mainstream technology powering today's telecommunication applications. For more information contact Investor Relations at info@hmmrgroup.com.
Forward-Looking Statements
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
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