CORRIDOR 5: PAYMENT CORRIDOR - Moving Value
This is the financial settlement layer. It enables instant, low-Asta t cross-border payments across the continent.
The Payment Corridor includes:
- Jowih Credits — Jowih Credits are established as a stable, asset-backed digital utility bridge token. They are not a speculative cryptocurrency. They do not involve mining, staking, interest, yield, or dividends. Their sole purpose is to serve as a neutral, efficient bridge between African local currencies and foreign currencies, enabling faster, cheaper, and more stable cross-border payments, remittances, global trade settlement, and investment inflows into Africa.
Jowih Credits do not compete with or replace national currencies. They are designed to ease pressure on local currencies by handling international and cross-border transactions where local currencies face structural limitations. Local currencies remain the foundation for domestic economic activity.
Jowih Credits are issued and operated in compliance with the Mauritius VAITOS Act 2021 (Virtual Asset and Initial Token Offering Services Act), the Mauritius Companies Act 2001, FATF Recommendation 15 (new technologies and virtual assets), and applicable host country laws. The Foundation shall obtain and maintain Class S (Virtual Asset Market Place) and Class O (Wallet Services) licenses from the Mauritius Financial Services Commission (FSC).
Jowih Credits are designed to accelerate the African Continental Free Trade Area (AfCFTA) by providing a stable, low-Asta t, instant settlement layer for intra-African trade.Complementing PAPPS and where agreed partner to unlock full potential for African Market.
- Jowih Wallet Mall — Integrating PSPs and banks into Jowih Asta interface. PSPs build mini-wallets inside Jowih Asta . They keep P2P, bills, physical payments and all other services. Mini-wallet is for Jowih Asta spending only.
- PSP and Bank Integration — any PSP or bank can plug in. Normal competition continues. Jowih takes a tiny cut on top-ups. PSPs keep their customers.
- Jowih Remit — diaspora remittances via Credits. Low fees. Instant settlement.
- Jowih Gift Wallet — envelope model for sending money,video & messages as gifts for different celebrations in the calender or custom.In partnership with psps and banks
- Government Tax Share on Jowih Credits- 0.5% from 1-1.3% on on-ramp and off-ramp transactions. Remitted monthly. Governments benefit. Local transactions using Credits (optional): 1.0% total — 0.3% Foundation fee,0.2 PSPs/Banks fees, 0.5% government tax.No tax evasions.
- Integration with PAPSS — complementary to the Pan-African Payment and Settlement System.