ChezolaPay Alternative E-Payment.
The Chezola Systems online payment application solution is designed to target Canada?s market for immigrants and foreign students who desire to do online transactions but are unable to because they do no have credit card due to their legal statues or lack of credit history. In addition, Chezola Systems online payment solution is also designed to provide alternative online shopping, online purchase assistance, payment gateway and secure online payment method to the underserved global market like Africa where consumers are in need of goods and services from abroad but are unable to get them.
Main Functionalities include:
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Virtual Accounts in USD and local currency.
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Online Purchase Assistant Service Systems
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Chezola Systems E-Cash Card reseller application
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Merchant solution with online point of sale secure payment gateway.
Chezola Systems E-payment application acts as a means of payment for 1/3 (250 million) Internet users in over 260 countries who don't have access to traditional credit cards. The market is projected to be one third of the world's 750 million Internet users.
Chezola Systems E-payment application enables Internet users to spend cash online. At least a third of Internet users around the world do not have access to the traditional credit cards to pay with. Also those who have credit cards but prefer to pay by cash can do so securely online.
How ChezolaPay Works:
ChezolaPay has been designed to meet the needs of shoppers who want
immediate access to goods and services without having to use a traditional credit card and without having to divulge personal information with every
purchase. With ChezolaPay consumers remain totally anonymous to the merchant!
Once a consumer opens a ChezolaPay account, they can shop at any website where they see the ChezolaPay icon. All ChezolaPay members have to do is click and enter the required information as requested by the merchant and the transaction will be completed in a matter of seconds!
Industry Facts.
A greater part of the world market is underserved specially Africa in online payment industry. Internet User and Population Statistic for Africa shows 183.2% grow of Internet user between 2000 and 2004 and research has indicated a substantial increase is yet to come. According to CIA, Internet host went from 5 in 1999 to 1,412 in 2004 in Nigeria and Algeria Internet hosts are now 897 with Morocco taking the lead with 3,627. As the continent open more and more to the internet world, the need of online payment solution is greater because currently, the traditional credit card or bank debit card system is not used in most African countries therefore people cannot do online purchase from most part of Africa.
ChezolaPay primary targets in Africa are university students, professionals and small businesses. North and West Africa place a lot of emphasis on education and the population is raised to take education very seriously and students, professors and professionals usually will seek for ways to better advance their education and skills or in most cases take several international exams to prepare themselves for advance studies abroad. Students are tuned to the international world and they are aware of newly published books or edition in various academic fields, latest technologies, latest fashions, etc. Professionals such as professors, accountants, managers, doctors etc also rely heavily on foreign books, exams, and materials to better their knowledge or advance their skills.
Currently it is very difficult for students, professionals including small businesses to purchase goods and services online due to the lack of credit card or debit card system. As a result, they rely on relatives or friends that leave abroad to use their credit cards to purchase goods or services they desire on their behalf and they in turn reimburse with cash whenever they can. However, most relatives or friends overseas are reluctant to do transaction for them because they will be cut in the middle should any problem arise from the transaction. Another option for African consumers to buy goods and services from oversea is giving money to people, strangers for the most part, that travel overseas to buy goods & services for them, which they can only collect whenever those people return from their trips.
In most cases these techniques end up costing them 4 to 5 times the real amount and the ironic thing is that they do not mind paying a lot of money to get what they want. Most of the consumers however, have difficulties finding reliable sources to do purchase on their behalf and if they do, it is not guaranteed they will buy exactly what they want or deliver on time.
With ChezolaPay they will no longer have to worry about how to get products or services from abroad because all they have to do is buy ChezolaPay prepaid cards in their local internet caf?s or banks and purchase exactly what they want online for the real price and on timely fashion.
With ChezolaPay consumers will no longer worry about conversion rate because prepaid cards will be available in both local and USD currency. With ChezolaPay, they can register for LSA, SAT, GMAT, e-learning, MCSE, CICA, etc. Small businesses can buy goods and services online without worry about bank wire transfer and the additional cost for doing international bank wire transfer to purchase goods and services abroad.
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