How to grow your money app with recyclers and waste collectors
By SendPay Business · · 2 min read
In many countries, people collect plastic, metal and paper and sell it by the kilo to buying centres. They are usually paid in cash, with no record of what they earned, which makes it hard to save or borrow. Paying them by phone can make their money safer and give them a record that counts.
Talk to collectors and buying centres
Ask recyclers and the centres that buy from them:
- How are collectors paid today, and how often?
- How much cash does the centre keep on site each day?
- Do collectors have any record of what they have earned?
- What would make being paid by phone better than cash?
Make paying by the kilo simple
Let the buying centre weigh the load and pay straight to the collector's phone in a few taps, with a record for both sides.
Help collectors save
A record of steady earnings and an easy way to put a little aside can help collectors plan for school fees, rent and bad weeks.
Grow through the buying centres
Each buying centre pays many collectors. One centre that switches to your app can bring every collector who sells to it.
Build it
Create your own financial platform.
Pick a template, name it, brand it, preview every page before you pay. Your brand, your users, your fees.
Build my platform →Questions people ask
What about local agents?
The local agents guide covers people who help customers cash in and cash out.
Local agents →What about market traders?
The market traders guide covers taking payments at stalls.
Market traders →Can I call it a bank?
In most countries "bank" is a protected word you can only use with a banking licence. Call it an account, a wallet, an app or a platform. The accounts and payments behind a SendPay Business platform are powered by licensed partners.
Is there a step-by-step plan I can follow?
Yes. The free launch checklist takes you from picking your people and naming your app to setting fees, going live and winning your first ten customers.
Digital bank app launch checklist →How do I start?
Pick a template, name it and preview every page before you pay. Your platform can be live on your own domain within 24 hours of confirmation.
Build my platform →Read next
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. PayPal, Patreon and Substack are named as reference points only and are not affiliated with SendPay Business.