The fee structure provides for a set-up fee of 0.10 euros per inhabitant, while the minimum monthly fee is 0.01 euros per inhabitant. This enables small communities to set up and operate their voucher systems at an attractive price. The scalability of the fee schedule according to the number of inhabitants offers a fair and affordable solution for municipalities of various sizes.

Patrick Schulte, Managing Director of Awiti, explains this using an example for a municipality with 20,000 inhabitants:

“For a municipality with 20,000 inhabitants, the set-up fee is just 2,000 euros, and the minimum monthly fee is 200 euros. This creates a financially viable solution and also gives smaller regions access to the benefits of digital voucher systems.”

Awiti's modularity is the key to every need

Awiti is not only characterized by its innovative fee structure, but also by its modularity. This allows every region to start at the desired scale, while ensuring that the same powerful platform is always available to small and large communities.

This modularity allows regions to design and gradually expand their voucher systems according to their needs. Whether it's a small community with limited resources or a larger city with extensive requirements — Awiti offers a tailor-made solution.

Escrow Accounts and Security with Awiti

The basis of the Awiti voucher system is the management of voucher balances in a local escrow account managed by the region. This underlines Awiti's commitment to regional solidarity and trust.

Awiti uses the concept of a 'closed escrow account, 'which only grants access to the trustee. This ensures the integrity and security of escrow funds and gives regional managers full control over the account and funds.

Access to the escrow account is provided entirely via online banking, although the degree of access varies depending on the chosen operator model. Awiti Underscores its commitment to the highest due diligence requirements, including audit and monitoring, transaction monitoring, segregation of funds, legal expertise, security measures, and insurance coverage.

Operator models for maximum flexibility

Awiti offers various operator models to meet the needs of different regions. In the 'operate itself' model, the region is the legal operator of the voucher system and authorized persons have access to the escrow account. In the 'let it operate' model, Awiti takes over the operation of the platform and has access to the escrow account, which ensures seamless processing of money transactions.

The operator models offer maximum flexibility so that regions can retain control of their voucher systems while being supported by Awiti.

Awiti's contribution to strengthening regional voucher systems

At a time when local communities and companies are looking for solutions to strengthen the regional economy, Awiti provides a sophisticated platform for city and regional voucher systems. The latest adjustments to the fee structure and the emphasis on modularity, security and various operator models underline Awiti's commitment to the needs of all communities, regardless of their size.

By creating a lively platform on which voucher acceptance points, voucher users, non-profit organizations, entrepreneurs and operators can work together, Awiti is helping to promote regional cohesion and boost local economic cycles. Together, Awiti is Paving the Way for a Thriving and Closely Connected Community Where Everyone Can Benefit from the Benefits of a Strong Regional Economic System.

‍