Electronic Currency Management System

A computer implemented method for managing electronic currency of a consumer, comprising:

• providing a mobile wallet application executable by at least one processor on a consumer device of said consumer;
• providing a transaction management server, in communication with said mobile wallet application via a network, said transaction management server comprising at least one processor configured to manage said electronic currency of said consumer;
• receiving and storing incentives obtained by said consumer for engaging in one or more commercial activities, by said mobile wallet application;
• converting said incentives to said electronic currency and storing said electronic currency in said mobile wallet application;
• acquiring transaction information from a first said consumer by said mobile wallet application of said first said consumer via a graphical user interface of said mobile wallet application, wherein said transaction information comprises identification information of a second said consumer and an amount of said electronic currency to be transferred to said second said consumer;
• transmitting said acquired transaction information to said transaction management server by said mobile wallet application of said first said consumer via said network;
• decrementing said amount of said electronic currency from said mobile wallet application of said first said consumer and transmitting said amount of said electronic currency to said mobile wallet application of said second said consumer by said transaction management server via said network;
• and
• receiving said transmitted amount of said electronic currency by said mobile wallet application of said second said consumer and redeeming said received amount of said electronic currency for conducting one or more transactions.

A computer implemented method for managing electronic currency of a consumer, comprising:

• providing a mobile wallet application executable by at least one processor on a consumer device of said consumer;
• providing a transaction management server, in communication with said mobile wallet application via a network, said transaction management server comprising at least one processor configured to manage said electronic currency of said consumer;
• receiving and storing incentives obtained by said consumer for engaging in one or more commercial activities, by said mobile wallet application;
• converting said incentives to said electronic currency and storing said electronic currency in said mobile wallet application;
• generating airtime credit using said electronic currency by said mobile wallet application, in communication with said transaction management server via said network;
• acquiring transaction information from a first said consumer by said mobile wallet application of said first said consumer via a graphical user interface of said mobile wallet application, wherein said transaction information comprises identification information of a second said consumer and an amount of said airtime credit to be transferred to said second said consumer;
• transmitting said acquired transaction information to said transaction management server by said mobile wallet application of said first said consumer via said network;
• decrementing said amount of said airtime credit from said mobile wallet application of said first said consumer and transmitting said amount of said airtime credit to said mobile wallet application of said second said consumer by said transaction management server via said network;
• and
• receiving said transmitted amount of said airtime credit by said mobile wallet application of said second said consumer and redeeming said received amount of said airtime credit for mobile communication services.

A computer implemented method for managing electronic currency of a consumer, comprising:

• providing a mobile wallet application executable by at least one processor on a consumer device of said consumer;
• providing a transaction management server, in communication with said mobile wallet application via a network, said transaction management server comprising at least one processor configured to manage said electronic currency of said consumer;
• receiving and storing incentives obtained by said consumer for engaging in one or more commercial activities, by said mobile wallet application;
• converting said incentives to said electronic currency and storing said electronic currency in said mobile wallet application;
• generating micro-loans using said electronic currency by said mobile wallet application, in communication with said transaction management server via said network;
• receiving a request for one or more of said generated micro-loans from a second said consumer by said mobile wallet application of said first said consumer via said transaction management server over said network;
• transmitting said one or more of said generated micro-loans to said mobile wallet application of said second said consumer via said transaction management server over said network, after said first said consumer approves said request;
• and
• decrementing said one or more of said generated micro-loans from said mobile wallet application of said first said consumer by said transaction management server via said network.

A computer implemented method for managing electronic currency of a consumer, comprising:

• providing a mobile wallet application executable by at least one processor on a consumer device of said consumer;
• providing a transaction management server, in communication with said mobile wallet application via said network, said transaction management server comprising at least one processor configured to manage said electronic currency of said consumer;
• transmitting a request for a micro-loan by said mobile wallet application of a first said consumer to a predetermined number of second consumers via said transaction management server over said network;
• receiving said micro-loan from said predetermined number of said second consumers by said mobile wallet application of said first said consumer via said transaction management server over said network, on approval of said request by said second consumers;
• and
• storing said micro-loan as said electronic currency in said mobile wallet application of said first said consumer for conducting one or more transactions.

A computer implemented system for managing electronic currency of a consumer, comprising:

• a transaction management server in communication with a mobile wallet application via a network, said transaction management server comprising at least one processor configured to manage said electronic currency of said consumer;
• and
• said mobile wallet application executable by at least one processor configured to execute modules of said mobile wallet application on a consumer device of said consumer, said modules of said mobile wallet application comprising:
• a storage module that receives and stores incentives obtained by said consumer for engaging in one or more commercial activities;
• a conversion module that converts said incentives to said electronic currency and stores said electronic currency in said storage module;
• a monetary object generation module that generates one or more electronic monetary objects using said electronic currency, in communication with said transaction management server via said network;
• and
• a transaction module that conducts one or more transactions using one of said electronic currency and said generated one or more electronic monetary objects, in communication with said transaction management server via said network.

A computer program product comprising a non-transitory computer readable storage medium, said non-transitory computer readable storage medium storing computer program codes that comprise instructions executable by at least one processor, said computer program codes comprising:

• a first computer program code for providing a mobile wallet application on a consumer device of a consumer, wherein said mobile wallet application is in communication with a transaction management server via a network;
• a second computer program code for receiving and storing incentives obtained by said consumer for engaging in one or more commercial activities, by said mobile wallet application;
• a third computer program code for converting said incentives to said electronic currency and storing said electronic currency in said mobile wallet application;
• a fourth computer program code for generating one or more electronic monetary objects using said electronic currency by said mobile wallet application, in communication with said transaction management server via said network;
• and
• a fifth computer program code for conducting one or more transactions using one of said electronic currency and said generated one or more electronic monetary objects by mobile wallet application, in communication with said transaction management server via said network.