Hollaport, a new payment and messaging app, is the latest Fintech creation to launch in the Nigerian mobile applications market.
Founded by Bua Group as a means of financial inclusion, Hollaport serves as a multi-layered app that allows users send and receive money to anyone on their contact list.
With its much-touted easy and simple interface, Hollaport plans to speed up and ease the stress of financial transaction.
Speaking during the launch, Group Executive Director of Bua Group Kabir Rabiu expressed that application was inspired by the growing need to solve the problem of financial inclusion in the northern part of the country. He noted that many local governments in the region could not boast of a bank.
Over 85% of Nigerian adults own a mobile device, 103 million have active internet subscription, and a large percentage of the data spent is exhausted on social media. This, Kabir notes was the rationale behind the app. ‘Hollaport’ was made to help many who do not currently have access to a bank but own a data-enabled phone. The app is equipped with social and financial functions that promise to solve the myriad problems plaguing Nigeria’s financial market.
With over 4000 devices have already registered on the platform. Our focus is to boost financial inclusion of the unbanked and to also increase the possibilities and convenience of chatting, sending and receiving money without leaving the chat platform.”
Kabir Rabiu, Group Executive Director of Bua Group.
The media functionalities that Hollaport integrated into their app sets them apart from other popular payment platforms like Paystack whose functions are strictly limited to payments. Users of Hollaport can send money within the chat area for a seamless experience and can also pay bills, utilities, send photos, videos, documents and make subscriptions.
An app that allows social interaction, business process and financial payments may not readily seem revolutionary, but then, most app users aren’t necessarily complex creatures. They just want comfort, reliability and efficiency. And because of this, Hollaport’s offering of an all-in-one platform may just be the next best thing in the fintech market.
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