Critical financial services for the unbanked in emerging markets

AirToken is an Ethereum-based ERC-20 token that facilitates the transfer of mobile airtime, data and currency, as well as payments for goods and services, with minimal friction and fees. A peer-to-peer network connects lenders around the world to borrowers in developing countries using AirTokens (AIR).

Over two billion people do not have bank accounts making it almost impossible to get access to financial services.

Source: World Bank Group

Access to financial services can be attributed to poverty—but it’s not the only reason.

Source: World Bank Group

Most of the world’s unbanked are in emerging markets in Asia, Africa, and Latin America. 

Source: World Bank Group

There is an opportunity to provide lower-income individuals with mobile services, as smartphone prices have decreased since 2012.

Source: GSMA

Providing the unbanked with financial services has a $90 billion annual market potential, with more than 85% of the opportunity in Brazil, India, and Mexico alone. 

Source: Accenture

How it works

AirTokens enable the transfer of capital from peer-to-peer lending to users of the Android app

Maria needs R$ 250 to buy a used sewing machine to start a tailoring business in her home, but she doesn’t have a bank account or credit rating

Maria builds her trustworthiness score by using the Airfox app daily. Now she can borrow R$ 250.


Lenders loan capital anonymously using AirTokens to cohorts of users in the app based on their risk. 

Maria pays the AirToken loan back in installments with income from her new business. 


Android app launch in Brazil

  • Multiple payment and deposit options integrated
  • AirTokens gained from sponsored advertising
  • Microloans available for qualified users without needing traditional credit scores
  • Peer-to-peer money transfers

Lending dApp launch

  • Know-your-customer and AML screening
  • Dashboard to track performance
  • Bundled loan products
  • Peer-to-peer loan matching

Additional app features

  • More integrations for purchases and deposits
  • Loyalty program
  • Financial education and advising

International expansion

  • Latin America, Asia, and Africa
  • Remittances
  • Underbanked in US and Europe

Expanded financial services

  • Savings accounts
  • Debit and/or credit cards
  • Improved credit scoring algorithms
  • Collateralized loans
  • Retirement accounts and lines-of-credit

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