Digital ‘pawdna’ savings plan coming

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pardna plan

As a boy, Mohan Beckford’s mother would send him to collect payments from members of her “pardner” savings group, and to deliver payments to the member whose turn it was to receive the “pardner draw”. Digital Pawdna coming

It seems the long distances he had to travel back then still irks him today.

“When I was growing up, my mom was in a lot of “pardners”, and I would have to be the one to walk go ‘Whoywhoy’ (a far location) to deliver that pardner”, Beckford quipped.

Inspired by the traditional “pardner “plan, Beckford, founder of Next Step Digital Solutions (NSDS), has spearheaded the development of MyPaadna, a digital “pardner” in which all the activities are done online.

Digital Pawdna

Mohan Beckford, founder and chief vision officer of Next Step Digital Solutions (centre), in conversation with Jermaine Reid, attorney-at-law (left) and Raymond Pryce, politician and environmental activist.

Speaking at NSDS sixth anniversary celebrations at the Jamaica Pegasus Hotel in Kingston last Thursday, the new “pardner” system, which is to be launched soon, includes features such as registration; the approval of the “banker” and members; the number of members; and dates, frequency and amount of draws.

In a traditional pardner, a popular informal savings system in Jamaica and other countries, the “banker” is responsible for collecting the “hands” or payments from each member and paying over the draw to a particular member for that month or for the agreed interval.

MyPaadna enables members to accumulate a lump sum of cash without having to apply for a loan from a bank or credit union, for example.

Of interest is that the order of the draws in the online “pardner” is chosen at random.

“The system does a lottery and decides who gets first, second and third draw and so forth”, Beckford noted.

The serial digital entrepreneur with over 12 years of experience says his “pardner” will eliminate the inefficiencies of the old system.

“No one on the back-end of the system has access to the banking details of members in the pardner…No one has to call you to tell you to pay your “pardner” because the system already knows the frequency of your payment and just takes it out when it’s due … it sends you a notification, and you get a receipt”, Beckdord said.

Digital Pawdna

Clients and well-wishers at the sixth-anniversary function for Next Step Digital Solutions.

There is also a chat feature for pardner members to communicate with each other. The “pardner” is in US currency, allowing members to be in Jamaica or overseas.

“So you don’t have to call Patsy to remind her to pay her “pardner”. You don’t have to drag your son out of the house to send him down the road. We have eliminated all of that”, Beckford said.

He said two rounds of tests were successfully done in diaspora communities in North America.

“Now we want to bring our generation into the fold of everything. All you have to do is put your debit card number into the system. It is very secure”, he added.

Source: https://jamaica.loopnews.com/content/digital-pardner-savings-plan-coming

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Mohan Beckford

Mohan Beckford is a serial digital entrepreneur with over 12 years of experience in helping businesses in Jamaica, the Caribbean, and North America to maximize their growth within the digital environment. With a deep understanding of the digital marketing landscape, Mohan provides expert consulting services to help businesses make the most of their online presence. Whether it's developing a social media strategy, improving website conversion rates, or growing an email list, Mohan can help you achieve your business goals.

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Annakay Lowe-Stultz
Annakay Lowe-Stultz
Total Care Wellness And Rehab Solutions Ltd.
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I would love to say that Mohan and his team were exceptional in providing me with my website. Working with the team throughout the process was awesome. They were extremely professional, quite patient, and tolerable of me going back and forth 🤦🏾‍♀️. Mohan also helped me to see things differently by encouraging me to get other add-ons (at a reduced cost) that can enhance my business growth. This company genuinely wants to help small businesses like mine, and that is enough for me. I'll be forever grateful for their help and definitely keeping them as my go to person.
Karen Diop
Karen Diop
The Network for the Advancement of Black Communities
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NSDS has been a valuable partner that allowed us to deliver our digital conference in a timely and professional manner. The team has been extremely flexible and client oriented at all time. I would highly recommend NSDS digital services and will probably collaborate again with them in the future.
Ophellia McKnight
Ophellia McKnight
The Destination Collective
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Five years ago when I met Mohan, I didn't realize that Next Step Digital Solutions would become and integral part of my business expansion and development. I was just looking for a tech guy who could fix the things I did not understand or want to learn! Next Step Digital Solutions is everything to my business and I would not be this successful building my brands and that of my clients' without their input. Thank you Mohan, you are my most powerful chess piece!
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