ABOUT DIMPAY

DIMPAY is a global payment system that is fast, cost-effective and fully secure. DIMPAY aims to provide an alternative payment system to the traditional peer-to-peer (P2P), business-to-business (B2B), business-to-consumer (B2C) and consumer-to-business (C2B) payment systems by offering low fees, transparency, instantaneous and a decentralized platform.

The use of DIMPAY will eliminate payment errors and inefficiencies that occur in traditional payment systems.

Steps for using DIMPAY

• Download the android app into a compatible device
• Create an account or import a wallet file or scan a QR code (wallet)
• You are now able to Log into DIMPAY
• Create an invoice
• Select a mosaic (DIM Currencies) that you want to receive
• Enter the amount due
• Generate payment
• Now the customer is able to scan the QR code and transfer the amount due.

How does it work

• By scanning a Quick Response (QR) code from your mobile devices instead of using cashiers.
• The QR code will be the interface for P2P, B2B and B2C experience using DIMPAY.
• The use of the QR code will eliminate the need for numerous participants in the payment process thus saving time and costs.

The functions of DIMPAY will include some of the following features:

• Facilitate point of sale payments
• View and manage the funds
• Make everyday transactions like sending remittances
• Standing orders of recurring payments such as rent, insurance etc*
• Direct debit procedures (creditors deduct the amount directly from the DEPOTWALLET account)*
• Check balance of the funds in the account
• Create an invoice
• Receive invoice status updates
• Salary payments*
• Expense payments*

* Pipeline features will be added in the future.