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Empowch: Elevating SMEs in the MENA region with Self-Custody Digital Wallets and vaults.

January 28, 2024

Curious about the transformative potential of self-custody digital wallets for your small and medium-sized enterprise (SME) in the MENA region? Join us as we explore the possibilities and showcase how Empowch is poised to transform the financial landscape for businesses in the Middle East and North Africa.

Imagine a secure digital vault accessible from your mobile device, safeguarding all your digital assets—whether it’s precious metals, stable coins like USDC and EURC, or future real estate tokens. This is the core concept of a self-custody digital wallet. Now, let’s meet Empowch—a peer-to-peer mobile payment platform, designed on the Stellar blockchain and powered by stable coins like USDC and EURC.

Empowch goes a step farther and stands out with its innovative Human ATM model, the Connector™, serving as a bridge between traditional cash and digital currencies and empowering the unbanked along the way.

Delve into the practical benefits of a mobile digital wallet. Effortlessly add funds through various methods, such as your existing bank account, credit and debit cards, ACH, and third-party wallets. Experience near instant, cost-effective cross-border transactions. Managing your funds becomes seamless with the user-friendly Empowch platform.

But the capabilities extend beyond the basics. Empowch enables you to swap stable coins like USDC to XLM or USD and back, transfer funds seamlessly from major exchanges like Coinbase or Binance, and even purchase gift cards and airtime top-up vouchers all from your mobile phone. Exciting features like bill and utility payments are on the horizon as Empowch continues to onboard more partners.

Let’s delve into real-world examples of how Empowch can empower SMEs in the MENA region:

  1. International Trade Companies:

   – Scenario: A MENA-based import-export business relies on timely cross-border transactions.

   – Empowch Advantage: Empowch’s fast and cost-effective cross-border transactions ensure seamless international trade, allowing the SME to optimize cash flow.

  1. Local Retailers and Merchants:

   – Scenario: A local retailer in the MENA region wants to diversify payment methods and cater to a broader customer base.

   – Empowch Advantage: Offering Empowch as a payment option opens up access to the cash economy, allowing the retailer to serve a wider range of customers and drive business growth.

  1. Freelancers and Gig Workers:

   – Scenario: Freelancers working with international clients in the MENA region need a secure and efficient payment solution especially if they do not have a bank account.

   – Empowch Advantage: Empowch provides Gig economy companies with the chance to access a vast pool of talent in the MENA region, where significant portions of the economy operate solely with cash. Freelancers, even without a traditional bank account, can securely and efficiently receive payments through Empowchs’ Connector (™) network, facilitating inclusive transactions within the cash-centric economy.

Discover the transformative potential of Empowch for your business in the MENA region. Reach out to us at contact@empowch.com or take the first step—download the app from the Google Play Store or Apple App Store and test it out.

Don’t miss the future of finance—embrace the empowerment Empowch brings to your MENA SME. Your journey to seamless, secure, and innovative financial transactions starts here! 🚀💸 

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