In 2014, Uganda’s Lawrence Zikusoka and Nigeria’s Ademola Adebolu founded Global ICT Solutions (GLICTS), East Africa. A fintech company that specialises in creating inclusive ICT and mobile financial services for growth and impact in emerging markets while delivering scalable and sustainable solutions. Including the international top up gateway solution (technology) that has the capability to combine both airtime and mobile money transfers across borders at low cost.
Inspired to change people’s lives and touch families, Uganda’s Lawrence Zikusoka and Nigeria’s Ademola Adebolu designed an efficient and cost-effective airtime transfer product - International Airtime Top Up™. This was to enable small value transfers to any mobile phone globally at low cost.
Lawrence Zikusoka, a technology social entrepreneur is a Co-Founder and Chief Executive Officer (CEO) while Ademola Adebolu is the Chief Technology Officer (CTO) responsible for solution design, user experience and customer support.
"According to a report by World bank 1 in 7 Africans (112 million people) receives remittance from friends and family from abroad and this represents USD 60 billion, yet Africans pay the highest transaction fees in the world.”
GLICTS East Africa is focused on the challenges and growth opportunities for impact in promising emerging markets that connect to people involved in; studying abroad, tourism, business travel, migration, trade and remittance corridors.
The company’s flagship product is International Airtime Top Up™ which is East Africa’s largest international top up service offering for traders, tourists, a student studying abroad, migrant workers and refugees.
International Airtime Top Up™ enables instant airtime transfer services across East Africa to over 100 countries with 80 destination currencies supported.
This unique offering currently connects customers to 250+ mobile networks and reaches more than 3 billion prepaid mobile subscribers worldwide. So far, more than 500 regional airtime top-up transactions have been successfully processed through this international top-up gateway.
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According to a report by World Bank, 1 in 7 Africans (112 million people) receives remittance from friends and family from abroad. This represents USD 60 billion yet Africans pay the highest transaction fees in the world.
GLICTS East Africa was therefore founded to address the need of enabling people and SME customers in East Africa to instantly transfer small values to any mobile phones across borders at reduced transaction costs.
Lawrence Zikusoka’s 15 years global experience in leading program and project management in innovative ICT, Telecom and Financial services across Asia, Africa and Middle East markets played a key role in conceptualizing the instant airtime transfers across East Africa and worldwide service.
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Klaus, who lives in Uganda is one of the people benefiting from the international airtime top up service which he uses to send money back home in Burundi[/caption]
To raise funds, GLICTS East Africa has since its inception relied on bootstrapping; receiving financial contributions from family and friends which amounts to USD 25,000.
The founders used part of the funds to develop an international top-up gateway that is registered and protected by copyright and neighbouring rights with the Uganda Registration Services Bureau.
GLICTS East Africa is also receiving in-kind technical assistance from the GrowthAfrica Accelerator Programme in Uganda. Lawrence’s advice to entrepreneurs is;
“Start with as little money as possible and prove to yourself that your concept works then look at what scale would look like. Once you have the proof of concept there is a possibility to expand your services.”
Customers can access the International Airtime Top Up™ service on the company’s website www.intlairtimetopup.com and with any mobile phone in the world using the unique International Top Up Card developed by GLICTS East Africa.
Through the innovative top up card products, they are able to reach the under-served and unbanked segments thus reducing transaction costs on airtime transfer and remittance.
GLICTS East Africa has also partnered with MTN Uganda and Airtel Uganda which makes it easier for Ugandan mobile money customers to make cross-border airtime top-ups.
In addition, they have recently partnered with Interswitch East Africa and selected banks in Uganda – GT Bank, FINCA, NC Bank, Opportunity Bank, to enable banked customers to select the International Airtime Top Up™ option on the ATM menu to access this service and pay using their ATM bank card.
They attribute word of mouth as the most effective go to market strategy so far. Though also leverage their distribution channels by working with their customers who become their agent network and play an invaluable role in sharing inputs on how they can improve their structures.
Their unique impact story is of one Klaus who works at a great pizzeria in Lubowa, Uganda. He is able to send mobile top-ups to his sister back home in Bujumbura, Burundi from Uganda using International Top Up Card.
GLICTS East Africa faces three main challenges. One is the lack of funds to hire the right staff. Two, pre-funding their merchant accounts and three, lack of capital investment for marketing the product. Though they also face the challenge of creating awareness for their product. To overcome this, they partnered recently with Jumia Travel to get access to some low-cost trip ads or targeted PR which is leveraged on Social Media.
This article first appeared on the GrowthAfrica blog.