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PayLid sponsors African Movie Night

At a sold out movie screening in the heart of Atlanta’s premier arts arena, the High Museum, a wildly appreciative crowd clapped and laughed and gasped at the scenes of the “Figurine”, the new acclaimed African movie produced and directed by Kunle Afolayan. Featuring Ramsey Nouah and a talented cast of African actors and actresses, the film weaves an unpredictable plot of friendship and love, superstition and culture and presents the question of whether or not man makes his own luck.

The director, Kunle, who graced the occasion talked at length about the movie, its production, his travails in creating a unique and different “movie product” and brand and efforts to elevate the African movie industry to new creative heights. He also answered questions from an enthusiastic audience who saw an African movie they were proud of. Kunle through his dogged and relentless efforts at raising the quality bar of African movies and his innovative approaches to monetizing his content, has demonstrated qualities that well meaning Africans can support and emulate and we are proud to be associated with him.

Cross-section of the audience at the movie premier


At the movie premier..

Figurine producer, Kunle Afolayan, at PayLd stand

Like Kunle, at PayLid we believe in the immense power of creativity, innovation and entrepreneurship in creating opportunities and transforming the continent of Africa and in projecting African ingenuity and capabilities. We aim to set the bar high for payment, ecommerce and remittance services to, from and within Africa. Try us today for your remittance, e-commerce and money transfer needs.

Support African Enterprises: Send Money Home

At PayLid we support home grown African efforts to empower Africans both home and abroad. We identify with Africans who strive to contribute positively towards the upliftment of their communities and the society at large.

Apinke Magazine is one of such efforts that aims to showcase Africa’s rich and diverse cultures and highlight the positive contributions of African people with a view to encouraging other Africans to pursue excellence. The magazine presents balanced and informative content including lifestyle, culture, business, events features and money making articles. The theme of the premier issue is ‘African & Proud’! and it (the premier issue)  presents a detailed country study of  Ghana, including an interview with the Ghananian Vice President while also providing useful tips on how to stay ahead financially in 2010 via an article by Robert Kiyosaki, the author the acclaimed “Rich Dad, Poor Dad” book. The magazine highlights issues of African interest to Africans in the diaspora.
Paylid-Apinke

One of such issues is how to send money home safely, conveniently and cost effectively. Take John for example. He arrived in the US only recently and is just beginning to find his feet; yet expectations are high at home for him to send money to help his mother support his other siblings for school. PayLid offers John a way to put small amounts in his PayLid balance every week until he has enough to send to his mom. He can then send money directly to his mother’s bank account when he has enough accumulated in his PayLid account.

In the same vein, individuals can contribute little amounts into their PayLid balance to send home for specific causes or projects back home to “teach others to fish” and enlarge the revenue base and empower/support entrepreneurs who will employ others.

At PayLid, we will not rest until we enable seamless, convenient, fast and safe online payment that  allows our members to send money to, from and across Africa without sharing personal financial information, with the flexibility to send money and pay using their account balances, bank accounts and debit/credit cards. This, we believe, will in turn drive global ecommerce to and from Africa creating a wave of innovation that will potentially drive employment, poverty reduction and economic growth across the continent. Try PayLid.com today: send money to Africa using our easy to use portal.

ePayment for Africa

There is a huge demand for ePayment systems in Africa connecting countries within the continent and connecting the continent to the rest of the world.

Have you resided in Africa and felt cut out from the rest of the world unable to transact business online, sometimes in spite of all your knowledge and money? You are not alone. Today, if I reside in almost any country in Africa, I cannot pay or receive money for a legitimate transaction made on most websites, using Paypal and other globally accepted payment instruments. Even for South Africa which has a somewhat more developed financial system, Paypal does not allow residents of the country to receive payments.

“If I had a choice, I would not in any way be using PayPal at all, because as an African I’m only allowed to send funds through their service and not receive funds.
There are countless affiliate marketing programs, that I wish I could join and sell these products on my website, however because these publishers offer payment through PayPal, I’m not able to join.
It’s unfortunate that PayPal, haven’t seen the bigger picture”

Above is a typical statement about the problem faced by people living in Africa in transacting legitimate business online because of a lack of online payment options for African residents. There is no doubt that the current arrangement is holding Africa and her residents back in many significant ways.

Many reasons are adduced to the lack of a viable and globally accepted payment infrastructure that allows people living in Africa from being full participants in global e-commerce market; chief among these reasons is the perception that Africa is “high risk” due to:

1. Credit card fraud
2. Lack of legal enforcement
3. Lack of integration of financial institutions to global networks.

These are legitimate concerns and it requires Africans to come up with homegrown solutions that address the concerns while at the same time operating best practice processes in risk management.

At PayLid we are committed to changing the landscape. We have built our platform with the end goal of safe, secure and seamless multi-channel, person to person transfer of money within, to and from Africa in mind.

Today you can fund your Paylid account via multiple options from cards to ACH. Today you can use your funded account to buy various items on our portal or to send money to your loved ones in Africa. Tomorrow, you will be able to send money from your balance to another PayLid account and the account holder will be able to withdraw the funds via their bank accounts. This will allow people to transact business seamlessly across the countries in which we operate.

Shortly we will provide remittance services to 21 countries in Africa; tomorrow we aim to cover all of Africa. Our goal is to facilitate ecommerce in Africa and have it drive productivity, jumpstart economic growth and create employment across Africa. Efficient payment systems are a critical component that will make this happen and we are committed to providing that.

It looks like a tall order but it’s possible. Sign up for a PayLid account today and send money home to your loved ones.

A giant from Africa

Africa has a few giants. Some are giants in small frames who have taken on big dreams and left indelible trails; others are giants in size and in their commitment to making a difference. Dikembe Mutombo, a 7-2ft ex-NBA player, is in the latter category. Raising money to build a first class hospital (that employs 400 people and heals countless others) in his home country, the Democratic republic of Congo, Dikembe through his foundation has carried the banner of philanthropy and commitment to service to lofty heights.

At PayLid we identify with efforts to elevate Africa. Our platform, in addition to providing convenient money transfer services to our customers, also enables donations to community organizations, NGOs, schools, State Governments and other well meaning organizations at the forefront of development in Africa.

PayLid Donation Platform enables Africans in the Diaspora contribute little or big amounts to community organizations/associations, hospitals, NGOs, Old-Students Associations in their home countries to address specific developmental challenges. Contact us today if you have a need for this service or keep us in mind for when you do.

PayLid: Choice, Control, Convenience!

Sending Money Home to Africa

For years, the African remittance market has exhibited a low level of competition with only two major money transfer companies controlling 65 per cent of all remittance payout locations. This scenario creates an irony where the people who need help the most (the hardworking immigrants in foreign lands and the families & loved ones back home to whom they send money) benefit the least because of the lack of innovation, anti-competititive practices and high fees offered by the incumbents, who have little stake in seeing the status-quo change or helping the recipients countries develop.

To change the current landscape, Africa and Africans must play a leading role in developing innovative and development-driven remittance transfer methods and products that will reshape the ability of financial services to reach rural areas and provide features that help development of the continent. The role of technology in deepening the marketplace and stimulating competition, in closing the gap between rural remittance recipients and financial services must be embraced. Such technologies include:

• Card, internet or mobile-based transfers
• Expanding payment networks to small-scale merchants

The challenges that lie ahead as technology takes the place of brick-and-mortar establishments must be seen as an opportunity for Africa to usher new services, tieing remittances more tightly to commerce and economic development of the recipients. Remittances can be a tool to grow the economic base of African countries.

At PayLid, we offer our customers, not only the ability to send money to Africa but also the choice to buy variety of items from local merchants who partner with us to deliver products to the recipients. Arrangements like this allow the merchants to grow their addresable market, from a small street corner in Makola market in Accra, to a global, worldwide market that the Internet offers. As the merchants’ market grows so does his need to hire a few more hands; and one merchant at a time, an ecommerce ecosystem is built that has the potential to fuel Africa’s economic growth. We also offer direct to account remittances that makes it unnecessary for recipients to risk their lives to queue up at a bank location everytime they have a remittance to pick up. In addition, Africans abroad can send money to their own personal accounts at local banks for use for persoanl projects or when they visit home, without any third party literarily getting involved in their business.

Join us as we innovate and make it easy for you, our customers, to trade without barrier to, from and within Africa. In the mean time, send money home to help pay those school fees. You would have done your own part; and it does have its reward. Use www.paylid.com.

Show love; Send money home via PayLid

A young man was having some money problems having recently lost his job at a bank; he had run out of people to borrow from, to set up a small airtime resell business to feed his young family while he hussled for a proper job. He decided to call his Aunty in the US through a phone operator. After exchanging greetings, he says to his Aunty, “Aunty, I need to borrow two hundred dollars.”

At the other end, his Aunty in a tight spot tried her back-against-the-wall line, “Sorry, I can’t hear you, son, I think there may be a bad line.”

The boy shouts, “Two hundred. I need two hundred dollars!”

“Sorry, I still can’t hear you clearly,” says the Aunt.

The operator cuts in, “Sorry to butt in, but I can hear him perfectly.”

The Aunty retorts, “Oh, good. You send him the money then!”.

Hey, don’t be like the Aunty. Things may be rough here but they are even rougher back home. So if you are in a position to show love, just do it; send money to family in Africa today. Use PayLid.com for your money transfer to Africa! It’s easy, convenient and affordable. And most of all, its secure. With PayLid, you can track all your past remittances and see how your sent money has helped others get back on their feet.

Send money to home: Daddy got the joke

A US based immigrant who has his family back home received a not-so-subtle letter from his son, a college student back in Africa, hinting at his need for money.
Correspondence from son away at college to his father:

Dear Father,

$chool i$ really great. I am making lot$ of friend$ and $tudying very hard. With all my $tuff, I $imply ¢an’t think of anything I need, $o if you like, you can ju$t $end me a card and $ome change, a$ I would love to hear from you.

Love,
Your $on.

After receiving his son’s letter, the father who had been burdened by Western Union’s exhorbitant fees for sending money home and having to travel tens of miles to find a send money location, penned his own not-so-subtle “No” reply.

Dear Son,

I kNOw that astroNOmy, ecoNOmics, and oceaNOgraphy are eNOugh to keep even an hoNOr student busy. Do NOt forget that the pursuit of kNOwledge is a NOble task, and you can never study eNOugh.

Love,
Dad

Will somebody please tell the Dad about PayLid.com: the new convenient online way to send money to Africa? PayLid money transfers are self managed (Dad can schedule a monthly transfer to his son’s bank college account) and offers unparalleled convenience in sending money home, affordably, to loved ones. Try PayLid today.

Payment alternatives to Africa

Gloabal migration trends have continued even as world economic growth slowed down in 2008 and stabilized in 2009. People continue to move outside their countries of origin in search of better economic opportunities and self actualization. Some choose the new place where they find themselves to be their home and banish any thoughts of maintaining links with, talk less of returning to, the home countries where they came from. Some, either because of a sense that their contributions are more valued there, return home and stay back there for good. Most however stay in their foreign adopted countries while maintaing fairly strong links with the home country: this category of migrants feel obligated or even burdened to financially support the families or communities they left behind at home.

Many take on this support cheerfully and dutifully, sending back home, the hard earned money they sweat to get in foreign lands. They give to Aunty Felicia to send the kids to school, so the kids get a better shot at decent education and the opportunities that brings in the future. They donate to the community trust fund to buid a new well in the village. They give when sibling John who has graduated from college and is almost reaching retirement age without a decent job, is finally getting married; when Uncle Sam is sick in the hospital and needs money to pay the bills or when money is needed for burial rites the dear Aunty Jemima. And when they start to get the twinge that they may one day resettle home, they start a “project” to build a house in the city. They send money for “foundation”, the type they hope will not be swept away by the winds and seas of the city. They send money to raise the house from ground level. And then they send some more money and then some more money, with no assurance a house is being built. Some start to think of legacy: they send money to help out the cousin who wants to start a fish farm and to buy power “generator” for the family house. Some simply want to bless the pastor who prayed for them to get a visa: they donate money to his fledgling church.

So several trends are going on today. The economy in the western world where most immigrants who send money back home are based, has tanked and it may take a while to get back on track. So these immigrants have a higher need for alternative options to send money home and conduct financial transactions across the globe: one that offers affordable cost, more choice on how they direct the money they send home to specific uses, more convenience in being able to effect and track spendings in a few clicks and more value added services. The other trend is that these immigrants are now increasingly comfortable with doing things online and on their mobile phones: from using their online banking portals to pay bills, to networking with friends and family on facebook and using their mobile phones to get on the internet.

PayLid is one such alternatives. Our goal is to give our customers options and to provide quality, easy to use service to them. Join us in the ride as we take payment processing to, from and within Africa to a new level.

Welcome to PayLid

Have you sent money home to build a house and had your uncle use your hard earned dollars to marry yet another wife? Would you love to send money directly into your bank account or that of your loved ones at home from the comfort of your house anywhere in the world?, Or pay for grandma’s cell phone airtime at a few clicks of a mouse? Or you want to buy gifts, food or medicine and have them delivered to your folks at home? Or Pay some of Dad’s monthly bills at home?

Paylid is a comprehensive payment platform that allows you to do all of these things and more. PayLid is designed to give you more choice, more control and more convenience. Choice of what your money is targeted towards, whether sending money or buying gift vouchers or airtime or a bag of rice or paying bills. CONTROL of what your money is used for and unprecedented ability to track your remittance spending; Convenience of doing your business securely from the comfort and safety of your house, 24/7. PayLid allows users to securely target money to specific products and services when necessary and send money directly to loved ones quickly and securely on demand.

At PayLid we are committed to Africa and to creating a robust, secure and efficient payment platform that will facilitate and accelerate cross border trade to, from and within the continent.