July 28, 2023
Employee Spotlight - Anurag Jain
Prepay Nation and Elemt’s Founder, Anurag Jain, had a vision long before launching these two companies. This vision involved connecting family and friends from anywhere on the globe.
Anurag moved to the US from India in the early 2000s and right away he realized that communication and contact in general with loved ones back home was difficult and expensive. Anurag then started working with a company called giftstoindia.com to help bridge that gap, since the service allowed the Indian diaspora living in the US and Europe to send gifts to their family.
In 2005, Anurag started a company called MagicPins which was primarily a reseller of mobile airtime in the form of pin vouchers. Most of the prepaid airtime sold in the US was in the form of physical cards. So he thought to himself, at the end of the day it’s just a pin number, why not make it digital? This is how MagicPins came about. He began to make connections with mobile operators who would send in digital versions of pins on the scratch off cards, they would store it in their databases, and sign up dealers that would sell those pin vouchers via their online portals. This company was very successful and eventually, in 2010, Anurag decided to move onto his next and greatest endeavor yet… Prepay Nation (PPN).
If you look at Prepay Nation, it’s nothing but a combination of both of these previous businesses that he was involved in. Sending airtime, as a gift, to friends and family back home. Over the last 12 years, Prepay Nation has developed various partnerships with mobile operators around the globe. During this period a specific need developed from the perspective of these operators, which was the need for state-of-the-art back bones to run their businesses, distribute their airtime, data bundles, and services. That’s where Anurag’s background, experience, and technology came in handy and eventually how Elemt was founded through PPN as an extension of the technology and SaaS side of their business.
Anurag’s vision, once carried out in the form of these businesses, became a lifeline for the diaspora, nurturing a sense of belonging, love, and togetherness. Anurag's initiatives not only connected hearts but also provided a space for cultural exchange, preserving traditions, and strengthening the bonds that make us who we are. It was a testament to the power of technology and the immense value of staying connected with our loved ones, no matter where life takes us. He quoted a book called “Give and Take” by Adam Grant and a study that was run on 3 different types of people and which of those are more successful business individuals. The three individuals are: 1. Aggressive Person (meaning a shark that is aggressive with every business approach and forces the issue) 2. Transactional Person (meaning someone who works under strict transactional conditions in every aspect of their businesses.) 3. Giver (The person who is constantly willing to give themselves, their support, and knowledge in business regardless of conditions, transactions, or aggression. The study shows that the latter of the 3 is statistically the most successful. Those individuals tend to attract other individuals with the same mindset and traits, and form a connected community that propels itself forward exponentially. This results in groups of highly successful people who are always going the extra mile for one another.
This mindset and lifestyle is one that Anurag has shown evidently since the beginning of his journey, and the success has undoubtedly followed him.
January 24, 2024
As we bid farewell to last year, we're excited to share with you the findings from our comprehensive Cobalt Platform End-of-Year Survey, offering valuable insights into the preferences and behaviors of our esteemed Cobalt clients and the clients they in turn host on the platform.
Cobalt Platform:
The Cobalt Platform is a state-of-the-art whitelabel website solution designed to empower mobile operators globally. This innovative platform enables mobile operators to effortlessly sell prepaid airtime and a variety of other products through a fully developed whitelabel site.
Top-up Frequency Insights:
Understanding the top-up habits of your customers is crucial. Cobalt users have seen a pattern of 46% of their user bases topping up once a month. Exploring these distinctions helps both our clients to identify patterns and create plans of actions based on those patterns, as well as helps us be able to tailor our services to meet each client’s diverse needs.
Preferred Platforms:
The battle of platforms reveals that mobile web reigns supreme, claiming 60% preference from Cobalt users as a whole. Additionally, we observe nuanced inclinations towards website usage on computers and native apps, providing valuable insights for platform optimization.
Customer Demographics:
Age brackets also provide an abundance of insight as to how to market to your respective audiences in the most optimal manner. Cobalt users show a strong presence in the 30-39 and 40-49 age groups, comprising around 60% of their traffic. Understanding each user base helps our clients to customize their offerings to diverse demographics.
Payment Preferences:
Payment methods vary across platforms and age groups. Credit cards dominate among Whitelabel users (60%), while Cobalt users exhibit a more even distribution between debit and credit cards. The alignment of payment preferences with age demographics aids in refining our payment solutions.
Crypto Adoption:
The crypto landscape is evolving slowly, with 23% of Cobalt users owning crypto compared to 7% last year. This data informs our approach to emerging payment methods, recognizing the diverse preferences within each respective customer base.
Net Promoter Score (NPS):
Cobalt's NPS witnessed a remarkable increase from 6 to 43 over the past six months, underlining the positive perception of our services.
Promotions and Discounts:
Differing preferences emerge in how Cobalt users perceive promotions. While our internal Cobalt users favor discount codes, Our other Cobalt clients have seen more success coming from bundles and giveaways. Recognizing these preferences aids in crafting targeted promotional strategies for your clients.
Product Preferences:
Cobalt customers exhibit diverse interests beyond prepaid airtime, including postpaid phones, home internet, streaming services, and eSIMs. Recognizing these preferences informs our clients’ product expansion strategies.
eSIM Adoption:
Approximately half of our customers are familiar with eSIMs, with 52% having purchased at least one in the last 12 months. Insights into customer choices for eSIM providers guide our partnerships and offerings for future ventures into Crypto payment methods.
In conclusion, our End-of-Year Survey has unveiled a wealth of insights that empower us to enhance our services, cater to diverse preferences, and continue being your preferred partner in the ever-evolving technology landscape.
Thank you for being part of the Elemt journey. Here's to a promising year ahead!
Best Regards,
Elemt Technologies
November 13, 2023
Dear Valued Clients and Partners,
At Elemt Technologies, we are always on the lookout for innovative solutions to revolutionize the mobile prepaid industry. Today, we're excited to share insights into the future of mobile technology with a focus on e-SIMs (Embedded Subscriber Identity Modules) and how we are steering in this direction to elevate your mobile experiences.
What are e-SIMs, and How Do They Benefit You?
E-SIMs are an evolution of traditional SIM cards, built directly into your mobile device. Here are some key features and benefits:
Simplified Connectivity: Say goodbye to physical SIM cards and the hassle of swapping cards when changing networks. E-SIMs enable effortless network switching, making international travel and network hopping a breeze.
Enhanced Security: E-SIMs provide robust security features, making it more challenging for unauthorized access to your mobile network, safeguarding your information and ensuring privacy.
Remote Management: Activate or change your mobile plan remotely. No need to visit a store or swap SIM cards. Enjoy the flexibility to choose your preferred carrier and plan directly from your device.
More Space: Without a physical SIM card slot, mobile devices can utilize that space for other advanced features, such as larger batteries or additional functionalities.
Elemt's Vision for e-SIMs
Elemt Technologies is committed to pioneering innovations that shape the future of the prepaid mobile industry. In the near future, we are actively working to integrate e-SIM technology into our solutions to provide you with:
Seamless Connectivity: We aim to offer e-SIM solutions that make switching between mobile networks simpler, providing you with a more convenient and global mobile experience.
Enhanced Security: Your security and privacy are paramount. Our e-SIM solutions will incorporate robust security measures to keep your data safe.
Remote Management: We envision a future where you can manage your mobile plans effortlessly, even in the palm of your hand.
Streamlined Experience: Our goal is to provide you with a hassle-free and feature-rich experience, allowing your mobile device to focus on what matters most to you.
As we set our sights on embracing e-SIM technology, we look forward to the positive impact it will have on you and your clients. We'll keep you updated on our progress, and we're excited to embark on this journey with you.
Stay tuned for more exciting updates from Elemt Technologies. As always, your feedback and ideas are valuable to us. Please feel free to reach out with any questions or suggestions.
Matt Oliveira
Marketing Manager
moliveira@elemt.co
.svg)
.svg)
