There have been numerous changes taken place in the present decade with rapid changes in technology. The wave of changes has a major impact on our daily life from home to work in our financial world. We have been experiencing a lag growth in the financial sector due to the centralized system and rules and regulations that make it hard to reach out to all consumers and business enterprises easily regardless of the place. There is also risk associated with the lending of the fund to the consumers and businesses. In fact, the financial institutions rarely reach out to the beginner in the business and the customers who are at the bottom of the pyramid in receiving such services. Thus the economy is losing out potential businesses to help them expand and the customers in bringing change to their quality of life. The Pngme is a mobile app that is going to reach the customers who are devoid of financial services and the budding entrepreneurs to get them started by making capital access easier. This is going to be a leading lending platform for the capital of alternative assets as well as microfinance institutions through a banking app. The Pngme aims to reach out to the user at large, making a giant community user with proficient access to capital as per need.
Shaping the Financial Sector-Pngme:
The Pngme is a global app for mobile payment and lending platform for the investor and customers. The app is going to be hybrid in nature, both comprising of the centralized financial features that are to be able to use liquid assets and decentralized in nature that is using blockchain technology at its core and making the availability of financial services for everyone regardless of the border.
Pngme is going to be the pioneer mobile app in making peer to peer payments through cryptocurrency, and interest-bearing savings accounts for Pngcoins. This global app will also launch regulated, area-based, stable coins which will be backed by assets. By using the mobile application or Defi app, the Pngcoin will be used to make payments, savings, and loans that are backed by the assets.
The community user of the Pngme will able to get interest rates by holding the Pngcoin’s in a savings account and also can get discounts on lending rates and fees. Pngcoin will be repurchased by Pngme with ten percent of the profit from the users.
Other than being a lending platform, the users of the Pngme will be able to make mobile payments, earn an interest rate on savings, and build a digital foot print credit score.
The Pngme is going to be a lending platform that is secured in nature and user-friendly with the use of blockchain technology at its heart; it is also going to make access to capital regardless of the border, making the platform universal. The app is targeted to make financial inclusion at all levels using the smart device, and such innovation will be welcomed by the businesses as well.
As there are many blockchain technology-based projects, they have different aims and purposes of serving. The Pngme has the purpose of making credit payment, mobile payment a saving, and lending faster and easier. By changing the traditional way of making credit scoring and lending to the businesses, the Pngme app aims to reach the untouched part of the consumers in the financial sector, making an all-inclusive financial service provider. To do this, they will be using some key functionalities such as decentralization, digital credit scoring, and algorithm of rate setting.
The app also will be able to make sure of providing the borrower a competitive interest rate as well as to the Pngcoin holder to have a good return to their savings upon holding the currencies.
Conclusion:
The mission of the Pngme is to reduce the five trillion dollar gap in the financial sector that is directly having an impact of two hundred millions of micro, small, and medium enterprises in the economy globally. By reducing this gap gradually, there will be a positive impact on the quality of life as well as on the expansion of businesses. This global lending platform app will have an immense change in the multiplier effect, which can be seen with the launch of the app.
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