Stage of Innovation: Proof of Concept (You have created something to show the innovation can work)

Problem: Lack of empirical insights into economic behaviour and spending habits of students on campus.

Unique Selling Point: Closed loop payment systems exists in the form of gift cards and other retail specific payment systems. These systems generate big data for retailers and businesses, giving them control over their own financial ecosystem and enabling them to deploy strategies for increasing purchase and customer lifetime value. But in Nigerian universities, there is no closed loop payment system that enables university adminstrators to track spending habits of their Students, hence making it difficult to implement informed decisions on economic policies that can favour the student and vendor population on campus.