Access to financial services in Africa remains uneven—especially in rural areas and informal markets where traditional and even digital banking struggle to reach. Despite growing smartphone adoption, millions still rely on basic mobile phones running on 2G networks. In a continent full of innovation and economic potential, the gap between financial inclusion and infrastructure remains wide.

TextCash was born to bridge this gap.

The Reality: A System That Fails the Majority

African nations like Nigeria have seen increasing mobile banking adoption, yet over 60 million Nigerians remain unbanked. Existing payment systems—bank apps, PoS terminals, and mobile wallets—depend on stable internet connectivity, app literacy, and costly smartphones. In rural or underserved areas, these conditions often don’t exist.

Add to this the recurring problems:

• System downtimes and app failures.

• High transaction fees on small payments.

• Delays in resolving failed transactions.

• Low adoption of digital currencies like the e-Naira.

The result? People can’t send or receive money when it matters most. Trust in digital finance erodes. Cash remains king.

The Solution: Simple, Inclusive, and Instant

TextCash introduces a new kind of payment experience: one that works over SMS, runs on 2G networks, and doesn't require a smartphone or an app. It's powered by the Stellar blockchain to ensure fast, peer-to-peer settlements without third-party delays.

Here’s how TextCash is changing the game:

1. Offline Access with 2G and SMS

TextCash allows users to:

• Create an account via SMS using just their BVN.

• Send and receive payments using a single-line SMS.

• Check balances and view history without ever opening an app.

Whether you're in a rural village or urban market, if you can send a text, you can use TextCash.

2. Zero Fees for Small Transactions

Unlike traditional PoS or mobile apps that charge for every transaction, TextCash:

• Offers free transactions up to ₦10,000.

• Charges a flat N10 or N20 for higher amounts—transparent and affordable for everyone.

This makes everyday microtransactions—buying food, paying for transport, or splitting bills—frictionless.

3. Designed for the Unbanked and Underserved

TextCash doesn’t ask you to change your phone, download an app, or learn a new system. It’s designed to:

• Work with any GSM phone, from the most basic feature phones to the latest smartphones.

• Reach people in rural, low-income, or digitally-excluded areas.

• Enable cross-border remittance without expensive intermediaries.

This is inclusion by design.

4. Safe, Secure Transactions

Built with a security layer called Approve-to-Kill (AtK), TextCash ensures:

• Only users can approve their transactions via a password prompt.

• No transaction is processed unless explicitly authorized.

• No reversal chaos—transactions are peer-to-peer and final.

5. Ready for a Digital Future, Rooted in Reality

TextCash integrates with the Stellar blockchain and supports linking with QR codes and digital wallets, making it future-ready. It also lays the groundwork for e-Naira and other e-currency adoption by offering a more approachable interface through USSD and SMS.

This isn’t about leapfrogging into complex fintech—it’s about grounding digital finance in everyday life.

Final Thoughts: Real Innovation Solves Real Problems

Africa doesn’t need another flashy finance app built for Silicon Valley. It needs simple, robust solutions that respect the realities of infrastructure, literacy, and trust.

TextCash is solving Africa’s financial problems by going back to the basics—SMS, 2G, affordability, and access.

The future of finance doesn’t start with a download. It starts with a text.