Uulala has solved a few critical issues plaguing the cash-based consumer. First, how does the consumer load cash into the formal economy? Secondly, once the funds are loaded, how can they be leveraged for the consumer to establish or build credit? The Uulala platform solves these issues through the implementation of its banking core technology, blockchain, and mobile app.
Uulala has created a decentralized peer-to-peer network to load cash into the digital economy. Once users have loaded in funds, they instantly have access to a virtual MasterCard to participate in ecommerce or other purchase means. Users can send payments cross borders, pay their bills or top up their cell phone minutes all within the mobile app. The Uulala platform is a unique system that tracks all financial activities and combines that with blockchain technology to show an immutable ledger with the level of creditworthiness a user possesses.