# PAMP Wallet PAMP Wallet is the digital stored-value platform within the Fintech Division, providing every PAMP user with a multi-currency digital wallet for instant payments, peer-to-peer (P2P) transfers, and cash management. The wallet serves as both a payment instrument (integrated with PAMP Pay) and a standalone financial product, enabling users to store funds, earn rewards, and transact across all PAMP subsidiaries without requiring a traditional bank account. As a **Phase 1 MVE subsidiary**, PAMP Wallet is critical to driving financial inclusion across markets where bank account penetration is low but mobile phone ownership is high. ## Business Model PAMP Wallet operates a **float income + transaction fee model**: - **Float Income**: Interest earned on aggregate wallet balances held in pooled trust accounts at partner banks (primary revenue driver) - **Cash-Out Fees**: 1.0–2.0% fee when users withdraw wallet balance to bank accounts or mobile money - **Cross-Border Transfer Fees**: 1.5–3.0% for wallet-to-wallet transfers across currencies - **Merchant Settlement Discount**: 0.5% discount on PAMP Pay fees when merchants accept wallet payments (incentivizes adoption) - **Premium Wallet Tiers**: Monthly subscription for enhanced limits, priority support, and cashback rewards (EFT)"] CARD["Card Top-Up
(Visa/MC)"] MM["Mobile Money
(M-Pesa, MoMo)"] AGENT["Cash Agent
Network"] EARN["Ecosystem Earnings
(Merchant Payouts)"] end subgraph "PAMP Wallet" BAL["Wallet Balance
(Multi-Currency)"] P2P["P2P Transfers"] PAY_INT["Pay at Checkout
(All Subsidiaries)"] REWARDS["Rewards &
Cashback"] end subgraph "Cash-Out Channels" BANK_OUT["Bank Withdrawal"] MM_OUT["Mobile Money
Withdrawal"] AGENT_OUT["Agent Cash-Out"] ATM["ATM Withdrawal
(Future)"] end BANK --> BAL CARD --> BAL MM --> BAL AGENT --> BAL EARN --> BAL BAL --> P2P BAL --> PAY_INT BAL --> REWARDS BAL --> BANK_OUT BAL --> MM_OUT BAL --> AGENT_OUT BAL --> ATM style BAL fill:#8b5cf6,stroke:#7c3aed,color:#fff style P2P fill:#3b82f6,stroke:#2563eb,color:#fff style PAY_INT fill:#10b981,stroke:#059669,color:#fff `} /> ## Total Addressable Market (TAM) ## Pricing Structure ## Operating Model - **Trust Accounts**: All wallet balances held in segregated pooled trust accounts at licensed banks (Nedbank in SA, partner banks per country) - **Float Income Model**: Aggregate float invested in overnight money market instruments; interest income is primary revenue driver at scale - **P2P Transfers**: Instant wallet-to-wallet transfers within the PAMP ecosystem using phone number or QR code lookup - **Cash-In/Cash-Out Network**: Bank transfers, card top-ups, mobile money, and physical agent network for cash-based economies - **KYC Tiering**: Basic (phone + OTP) → Standard (ID verification via Face Recognition AI) → Enhanced (full KYC for high limits) - **Multi-Currency Support**: Users can hold balances in ZAR, NGN, KES, MAD, CDF, XOF, GHS with real-time FX via PAMP Treasury Phone + OTP
$200/day limit"] STANDARD["Standard Tier
ID Verified
$2,000/day limit"] PREMIUM["Premium Tier
Full KYC
$10,000/day limit"] end subgraph "Core Services" STORE["Store Value"] SEND["Send Money (P2P)"] PAYECO["Pay in Ecosystem"] CASHOUT["Cash-Out"] end subgraph "Revenue Streams" FLOAT["Float Income
(Primary)"] FEES["Transaction Fees"] SUBS["Subscriptions"] end BASIC --> STORE STANDARD --> STORE STANDARD --> SEND STANDARD --> PAYECO PREMIUM --> STORE PREMIUM --> SEND PREMIUM --> PAYECO PREMIUM --> CASHOUT STORE --> FLOAT SEND --> FEES PAYECO --> FEES CASHOUT --> FEES PREMIUM --> SUBS style FLOAT fill:#10b981,stroke:#059669,color:#fff style FEES fill:#3b82f6,stroke:#2563eb,color:#fff style SUBS fill:#f59e0b,stroke:#d97706,color:#fff `} /> ## Regulatory Notes | Market | Regulatory Body | Key Requirements | |--------|----------------|------------------| | South Africa | SARB, FSCA | E-money license (Banks Act exemption or SARB approval), POPIA compliance, trust account requirements | | Nigeria | CBN | Mobile Money Operator (MMO) license or partnership with licensed MMO, CBN e-money guidelines | | Kenya | CBK | E-money issuer license, National Payment System Act compliance, Data Protection Act | | Morocco | BAM | Payment institution license (Law 103-12), e-money issuance authorization | | DRC | BCC | E-money issuer authorization, partnership with licensed bank required | | Senegal | BCEAO | WAEMU e-money regulations, BCEAO authorization for electronic money issuance | | Ghana | BoG | Electronic Money Issuer (EMI) license, Payment Systems and Services Act compliance | **Anti-Money Laundering**: All wallet transactions subject to AML monitoring with automated suspicious activity reporting. Transaction limits enforced per KYC tier to comply with local regulations. ## SWOT Analysis ## Competitive Positioning ## KPI Dashboard