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We Turn Mobile Sim Cards Into Bank Accounts for the Emerging World

5 May 2020 — By Christian Duffus

Fonbnk LLC (“Fonbnk” or the “Company”) is new distributed finance company, providing borderless banking infrastructure directly to unbanked people around the world using the mobile internet. Anyone with a prepaid mobile SIM card and a verified online identity can now have a global stored value (bank) account for FREE by recharging their existing mobile phones; the analog model would be a global version of Venmo that uses prepaid mobile airtime as its medium of exchange. This presentation specifically talks about COVID-19 (Crisis) in addition to ongoing case studies on how airtime can be used as a cash equivalent; medium of exchange, store of value and remittance utilising the Company’s platform.