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biometric identification solutions


nymo, a crossborder remittance platform

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Background Remittance.

Money sent home by workers now largest source of external financing in low- and middle-income countries.

It is estimated that every year, Africans, men and women who live overseas in the Diaspora transfert to their respectives countries of origin, about $50 billions US dollars.

The money sent by Africans who live in the Diaspora to their home countries is meant to help their relatives back home with their essential needs such as hospital bills, school fees, utility bills, food, housing, etc.
Unfortunately, half of that money goes wasted due to the presence of intermediaries and other social and administrative factors.

nymo eliminates middlemen, reduces the cost of transaction, creates an Identity for the unbanked and secures the transaction and identity.





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