When filling the compliance form on your ivorypay dashboard, it is important that you select the appropriate industry for your business. In the ivorypay context, an industry is a specific economic sector in which your business operates.
Below is the list of industries we support at Ivorypay. If you don’t know the industry your business falls under, please reach out to us at support@ivorypay.io and we’d be happy to help.
Agriculture
Businesses in this category include those that sell agri products or offer agri consultancy. Businesses in poultry, fishery, piggery, logging, and other agri-related industries all belong to this category. Specifically, we look at businesses under these two broad umbrellas;
- Agric-focused credit societies: This include farmers associations and farm management services. Agri- credit associations that help with farm management, farmers credit and supply, as well as farm product marketing all belong to this category.
- Agri-services: Agricultural business consultancy firms generally fall into this category. Awareness agencies, horticultural services, weed and pest control, agri-machineries, are some of the businesses that belong here.
Blockchain
Businesses in this category are focused on providing services to their customers through blockchain technology. Some of the businesses in this sector are classified below:
- Crypto exchanges: This category of businesses offer the means for users to trade their cryptocurrencies. Businesses in this category include centralised exchanges, P2P platforms, and decentralised exchanges.
- NFT projects: This category generally includes NFT projects and individual NFT artists who sell digital artworks in exchange for cryptocurrency.
- Crypto wallet providers: Businesses in this category offer wallet as a service to their users and to other businesses.
Commerce
Businesses in this category generally render services or sell tangible products to users in-person or via the internet. This broad category can include any of the businesses below;
- Automobile: Businesses in this sector are registered to sell cars and automobiles
- Digital goods: These types of businesses sell digital products to their users. This could include NFTs, ebooks, music files, or videos.
- eCommerce: eCommerce businesses are online platforms where customers can place orders for physical products.
- Physical goods: businesses in this category are known for their large stores or chain outlets.
- Real estate: Businesses in this category are known to engage in the sale of physical and landed properties, as well as rentals.
- Digital services: businesses in this category render services over the internet. This could be marketing and ads agencies, online education platforms, fitness agencies, or skilled individuals who render professional services on the web.
- Professional services: These are businesses that offer professional advice and consultancy services.
Education
ivorypay also caters to businesses in the education sector. The businesses and institutions that fall into this category are listed below;
- School: This includes, nursery, primary, and secondary schools
- Tertiary institutions: This includes universities, polytechnics, and colleges of education
- Vocational training institutions: This covers businesses that teach students artisanal crafts. They are sometimes referred to as technical schools.
- Virtual learning platforms: Businesses in this category offer education as a service via online platforms.
- Other educational institutions: This includes training institutes and religious education centres
Financial Services
There are a number of businesses that fall into the financial services sector. Below are some of the businesses that generally fall into this category.
- Cooperative societies: These are financial houses that provide loans and credits for their members
- Payment services: We cater to PoS terminals
- Insurance companies: Businesses in this category enable their customers to insure their assets and provide them with funds in the case of unforeseen events
- Lending service providers: These are businesses that offer loan services to their users
- Bills payments: These businesses accept payments on behalf of their customers. They accept funds, disburse funds, and settle bills on behalf of their customers.
- Remittance: These businesses help their users to remit funds across borders
- Savings platforms: These businesses offer savings plans and investment options to their customers.
Gaming
These businesses offer customers an avenue to place wagers and predictions on games or other spotting events. They generally include;
- Betting companies: These businesses provide odds and allow users to place a bet on the outcome of sports events.
- Lottery houses: Lottery houses are businesses that allow their customers to purchase tickets in the hope of winning huge cash prizes.
Health
Health service providers include businesses that offer treatment services or sell health products that are considered beneficial to the overall wellbeing of their customers. They include the following;
- Fitness centers: These are centers that help their customers stay physically fit and maintain good body shapes
- Hospitals: These centers treat clients of illnesses and assist them in getting adequate medical attention tailored to their specific ailments.
- Pharmacies: Pharmacies are both online and physical stores that are certified to sell scientifically certified products and medications to users
- Herbal medicines: These include businesses that offer alternative traditional medical services and products to their clients.
- Medical laboratories: These businesses specialise in diagnostic services.
Hospitality
Businesses in this industry generally offer relaxation and lodging services to their customers. Hospitality industry mostly goes hand-in-hand with travels. Businesses in this category include;
- Hotels and Guest houses: These businesses offer accommodation services to their customers. Most times, they cater to visitors and tourists.
- Restaurants: These businesses offer culinary services and meals to their customers.
Information Technology
Businesses that fall into this category offer software solutions and other tech-related services to their clients. Businesses in this category could include the following;
- Software service providers: These businesses sell softwares and or provide software-related services to their customers.
- Edtech: These businesses train people on the latest technological trends. This is usually with the aim of equipping users with skills to get jobs in the tech space.
Leisure & Entertainment
Businesses in this sector generally offer relaxation and entertainment services to their customers. The sector covers businesses operating in the niches listed below;
- Cinemas: These businesses operate as movie houses where users can frequently visit to see the latest movies. They largely allow customers to purchase tickets before entry.
- Clubs: These are relaxation centers where people can enjoy nightlife and have a good time till dawn.
- Recreational centers: These centers are known to cater to different age groups by offering different interesting activities and attractions.
- Streaming platforms: These could be video or music streaming services. They generally offer subscription-based services to users.
- Media outlets: Entertainment media outlets periodically update their audience in the latest trends in the entertainment space. They also offer ads services to specific clients.
Logistics Services
These businesses offer services relating to the packaging, shipping, and delivery of goods for their clients. Businesses in this category belong to one of the following;
- Courier services: Courier services handle the delivery of goods and packages between two individuals and locations.
- Freight services: These businesses move goods in bulk for businesses. They are known to be the link between manufacturers and wholesalers.
Media and communication
Businesses in this space use online platforms, Televisions and radio stations, and prints, to provide information to the masses. Businesses in this category are listed below;
- Televisions and radio stations: Businesses in this segment make use of traditional media outlets to provide information.
- Online Media: Businesses in this category are known to reach their target audience through social media, or dedicated websites.
- Prints media: Businesses in this category often provide information to the masses through prints. They include newspapers and magazines.
Non-profits
Non-profit entities generally exist to promote a cause. They are not profit seeking, and can range from political entities to professional associations. Some of the entities in this category are mentioned below;
- Professional bodies: These are groups that are created to serve as an umbrella for people practicing a certain profession. They mostly exist to enlighten members and protect their interests.
- Non-governmental organisations: NGOs are known to be created to promote specific causes that are considered beneficial to the society.
- Political parties: Political parties are legally recognized entities that promote political advocacy and contest political offices.
- Governmental institutions: Government agencies are bodies that tasked with handling specific duties on behalf of the government
- Religious institutions: These entities exist to cater to the religious needs of their members. They could be churches, mosques, sects, or other religious denominations.
Travels
Businesses in the travel industry generally serve customers by moving them from one location to the other. Businesses in this sector belong to one of the categories mentioned below;
- Airline: These are businesses that move passengers by flying them from one location to another.
- Train services: Trains are mostly owned by governments. They move passengers and goods from one location to the other within a country, usually over long distances.
- Ride hailing services: These businesses enable customers to order rides and get delivered to their destinations
- Travel agencies: These businesses help clients to arrange travels both locally and internationally. They assist in the purchase of tickets, among other things.
- Tour agencies: Tour agencies offer travel and hospitality services to their customers. They are known to arrange travels and places of visit for their clients.
Utilities
Utilities encompass all businesses that offer amenities tailored for customer consumption. The list of such businesses include;
- Subscription TV: These businesses offer subscription-based services to their users. Services are delivered via cable networks or from satellite.
- Electricity: These businesses charge consumers for the transmission and consumption of power.
- Waste disposal services: Businesses in this category manage waste and refuse for their customers. They collect wastes, transport them, and sometimes take them to treatment facilities
- Internet Service Providers: Businesses in this space offer internet broadband services to their users. This is done either over mobile data or home internet installations.
- Water: These businesses see to the installation of water services to clients. They handle installation of water accessories, water supply, and water treatments.