DubeAle Merchant vs eQUB

The DubeAle mobile application is designed for DubeAle customers allowing access to their account with the credentials provided by the bank upon account creation. The platform allows users to review their accounts through simple login to the Dubeale app. Users can access their credit balance, minimum monthly payment, payment due date, payment summary, credit increment request, payment options along with other functionalities once logged in. Further, It enables users to link with DubeAle merchants which makes it easier and more reliable for both parties since payments can be operated through the app.

Equb is an alternative means to achieve saving and improve access to credit by rotation of savings. Individuals agree to pool their savings for a defined period of time to jointly save by creating an eQub. Members, who participate in an eQub, are called eQubers. They make payments every round which will be collected and given to a randomly chosen lottery winner who will claim the collected money. An administrator, who collects money from all members, is called Head eQuber/Seb-sabi. The lottery is drawn on each round and every member will win the lottery exactly once in a given cycle. Members will eventually win all the amount they have paid in all the rounds. The winning amount is the sum total of all the contributions from the members of the eQub. All transactions are made in ETB (Ethiopian Birr). Payments are collected from eQubers into a pooling account managed by Equb Financial Technologies PLC. When a winner is picked by the random lottery, the money can be claimed by the user into an account of their choosing that is set up when they join an eQub. eQub app is the first app that helps you dip into your future savings. It allows you to conveniently setup & manage your personal & eQub groups in a few taps. Stay on top of your savings. See how your money revolves. Terms of Service: https://shorturl.at/AKMR4