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TIPS AND TRICKS FOR SAVING MONEY WHILE SHOPPING ONLINE

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TIPS AND TRICKS FOR SAVING MONEY WHILE SHOPPING ONLINE

TIPS AND TRICKS FOR SAVING MONEY WHILE SHOPPING ONLINE 

 

The concept of shopping online 

 

If you’ve met Jenny before, you’ll know she’s the definition of no stress. Once anything seems stressful, she will take herself out of such a situation. Her goal is to ensure that she enjoys ease and comfort in all she does. 

 

To this end, Jenny can’t remember the last time she went shopping. As long as the product she needs is on her favorite online store – Peppa, she orders it. 

TIPS AND TRICKS FOR SAVING MONEY WHILE SHOPPING ONLINE

Life has never been easier and more enjoyable for Jenny. Before she was introduced to shopping online, she used to spend long hours on the road getting to the market, shopping, and getting back now. But now, she can easily buy things from the comfort of her living room or bedroom. 

 

What does she enjoy about shopping online? Jenny enjoys comfort and convenience. She loves that she can wake up in the middle of the night and decide to shop. According to Jenny, all you need to do is to find that online shopping platform that meets your needs, and you’re good to go. She has found that place in Peppa.  

 

Common mistakes people make when shopping online that can lead to overspending

 

Jenny’s friends are always in awe of her shopping experience as she has never complained negatively. She is always happy and joyous when discussing her online shopping experience, especially when shopping with Peppa. 

 

One day, her friend complained that shopping online could lead to overspending and wondered how Jenny had never had such an experience. Jenny quite understood what her friend was saying and let her friend know that certain mistakes people make when shopping online lead to overspending. 

 

So, she ensures to avoid those mistakes. She shared the common mistakes with her friend, and we’d also be sharing them with you to ensure that you do not have such an overspending experience. 

 

Some common mistakes people make when shopping online that can lead to overspending are: 

 

  • Impulse buying: One thing about shopping online is that you will always see varieties. And since you are shopping at your comfort, nothing limits you from checking out the various options. Thus, you are at the risk of impulse buying as you’d see things that get your attention and decide to buy them even when you do not need them. 

It is best not to fall prey to impulse buying. If you see something you like but don’t need, think of a friend who might need it. Then, share the product link with that friend. This way, you are helping the seller and platform by recommending, helping your friend with the product link, and saving yourself from the clutches of impulse buying. 

 

  • Not checking seller reviews: Do some of you shop from vendors without checking reviews? If you do so, you’re wrong. One thing about Jenny is that she would always take her time to check reviews. It is why she has ensured such a seamless shopping experience. Before buying from any platform, she thoroughly checks out the reviews. She is a huge fan of Peppa as she saw nothing but positive reviews about the platform, and they have also met her expectations so far. 

You’re at the risk of overspending when you do not check out reviews before buying, as you may purchase from someone who isn’t trustworthy and eventually not get your items. 

 

  • Waiting until the last minute: Jenny advised her friend to ensure she doesn’t always wait until the last minute before shopping. Understandably, it’s easy to lose track of time as someone who doesn’t have to step out before getting things. Thus, you only remember to buy stuff at the dying minute and quickly get out your gadget to shop online. However, that last-minute adrenaline rush can put you on edge and make you get things you do not need or even get the wrong item and reorder the correct product later. 

 

  • Using a public Wi-Fi connection: Using public Wi-Fi to engage in online shopping is also detrimental as you expose your details. When you use this public connection, you’re putting yourself at risk of people getting access to your personal information. 

Unfortunately, someone can access your details, save them, and use them to shop at a later time. You’ll then be in shock, wondering how your money has disappeared. Only use a secure and private connection when shopping online.  

 

How to save money while shopping online 

 

Now, let’s get into it and share some tips and tricks for saving money while shopping online. These tips and tricks will be helpful if you want to be an active online shopper like Jenny. 

They are:

 

  1. Take advantage of discount codes and coupons: Do you sometimes sit and receive random discount codes and coupons from your favorite brands? What do you do when you get these codes? 

More often than not, consumers tend to ignore these codes and procrastinate until the coupons expire. If you’re looking to save money while shopping online, you should always be on the lookout for discount codes and coupons. 

Peppa randomly sends discount codes and coupons to our customers, especially active buyers. So, you need to shop more on our platform like Jenny. We love to reward consistent shoppers, and you may be one of the lucky ones. 

Subscribing to our email and newsletters would also help you get these codes, as the coupons and discount codes could be hidden in one of the messages. With the discount codes and coupons, you can shop and not worry about paying the total amount, as you’ll get a subsidy. We know that it would make you eager to shop even more! 

  • Sign up for email newsletters: We had randomly mentioned and touched on it earlier. However, one of the best ways to enjoy an online shopping experience is to subscribe to the email newsletter of the platform. 

This way, you get first-hand information about what’s happening with the brand. It could be knowing when there’s downtime, so you do not try shopping during that period and lose money. Or, it could be being among the first to get discount codes and coupons. 

You can also learn about rewards programs and more if you are subscribed to the email newsletter. Unfortunately, most people only stick to buying from the platform and do not bother about subscribing to newsletters. 

As someone who likes to be in the loop of things, one of the first things Jenny did was subscribe to our email newsletter. Also, she ensures to read it when it comes in. 

  • Know the details of what you want beforehand: So, you love shopping online and want to be a part of those that enjoy this ease and comfort. We are excited for you and cannot wait to have you onboard. However, we also care about our customers and would not want you to lose money while shopping with us. 

Before ordering anything, ensure you know what you want beforehand. This way, you’re confirming that you are getting the correct item. 

For example, you want a TV for your parents, and they’d prefer you get a 48-inch television. However, as you’re shopping, you forget this detail or feel it doesn’t matter, or for any other reason, you go for a 42-inch TV. Of course, your parents will not be happy and still want you to get the 48-inch TV. Thus, you have lost money in the process. You should know the details of what you want to purchase beforehand. 

  • Compare prices before purchasing: There is a common complaint that online stores increase the costs of their products compared to regular prices. Thankfully, we have not had people say that about Peppa. Even during our conversation with Jenny, she mentioned that she loves our platform because we do not inflate our prices. Therefore, she has no fear of losing money while shopping with us. 

However, since we love to help customers, we advise you to compare prices before making a final purchase decision. Check out how much others are selling the item you want to buy. This way, you can decide if the price is fair or if it will be a ripoff. 

It is essential to consider, as you do not want to fall prey to dishonest sellers who are out to rip customers. It would be best if you started shopping with Peppa as we only want your happiness and satisfaction, and we deliver this at the best prices.

  • Lookout for sales and holiday promotions: Should we even be telling you this? Our customers are dear to us, and we have your best interest at heart. 

One thing about online shopping platforms is that we always run sales. We can run sales numerous times in a year. The goal is usually to align with certain holidays and make people happy during that period. So, to save money, you can look out for sales and holiday promos. 

If you have been consistently shopping from the beginning of the year, you can be sure to enjoy discounts during holidays like Christmas or celebrations like Mother’s day. It is our way of giving you a chance to recoup, and we appreciate you for sticking with us on this e-commerce journey. 

Remember this trick when looking for how to save money while shopping online. However, ensure that you are shopping with a trusted platform like Peppa. 

  • Have a shopping list: We earlier mentioned that one of the commonest mistakes people make when shopping online is falling prey to the clutches of impulse buying. They see something, decide they like it, next thing their cart is full of items that they do not need at the moment. Of course, we as the platform would be on the winning side. 

But, this is the right time for us to reinstate that we have the interest of our customers at heart. Therefore, we do not want you to waste money buying things that you do not need. 

How can I overcome impulse buying?

One way of overcoming impulse buying is to have a shopping list while shopping, and ensure that you stick to the list. It is where self-control comes to play as you must ensure that you do not buy things not on the list. This way, you get to save money while shopping online. 

 

Stick with us for more online shopping tips and tricks! We are here to serve people like you and Jenny by standing strong on our commitment to be your safest way to buy on social media platforms. 

 

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BANKING

The Impact of Supply Chain Disruption on Business Operations and Financial Performance 

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The Impact of Supply Chain Disruption on Business Operations and Financial Performance

Supply chain disruptions are very commonplace in today’s interconnected global economy, affecting organizations in a variety of industries. These interruptions may have far-reaching effects on a company’s financial performance in addition to its commercial operations. In addition to offering techniques to reduce the risks involved, this article seeks to give readers a thorough grasp of how supply chain interruptions affect corporate operations and financial performance.

MEANING OF SUPPLY CHAIN DISRUPTIONS 

Any incident or event that prevents information, services, or items from smoothly flowing through the supply chain network is referred to as a supply chain disruption.

It describes any situation or incident that stops the movement of products, services, or data inside a network of supply chains. These interruptions may happen at any time during the supply chain, from suppliers of raw materials to final consumers, and can lead to disruptions, shortages, higher expenses, and eventually affect the chain’s overall effectiveness and performance.

Disruptions to the supply chain can be divided into two categories: internal disruptions that occur within the company and external interruptions that occur outside the company.

TYPES OF SUPPLY CHAIN DISRUPTION

Disruptions to the supply chain can come from a variety of sources and take many different shapes. Typical forms of supply chain disruptions include the following:

  1. Natural Disasters: Incidents like hurricanes, floods, tsunamis, and wildfires can cause damage to transportation networks, destroy infrastructure, and force the closure of manufacturing and distribution facilities.
  2. Geopolitical Events: The movement may be impacted by trade disputes, tariffs, sanctions, war, terrorism, political instability, and changes in governmental policy. moving commodities across international borders, sour commercial ties, and cause bottlenecks in the supply chain.
  3. Supplier Issues: Delays in the delivery of components or raw materials might result from issues with suppliers, such as bankruptcy or sudden changes in production capacity.
  4. Transportation Disruptions: The supply chain as a whole may be impacted by delays in the delivery of goods caused by strikes, fuel shortages, accidents, port congestion, and other transportation-related problems.
  5. Demand Surges or Drops: Unexpected fluctuations in customer demand, such as sudden increases in orders or decreases in sales, can result in mismatches between supply and demand, which can cause delays in manufacturing and delivery.
  6. Cybersecurity Breach: Information technology system malfunctions, cyberattacks, or data breaches can impair critical data, interrupt the flow of products and services, and offerings.
  7. Quality Control Issues: Recalls, manufacturing halts, and supply chain interruptions may result from issues with product quality, safety, or compliance.
  8. Pandemics and Health Crises: Situations like the COVID-19 pandemic can result in worker shortages, manufacturing closures, travel restrictions, and interruptions to international supply chains.

IMPACT ON BUSINESS OPERATIONS

Disruptions to the supply chain can have a big effect on how businesses operate, impacting many different parts of what they do. Among these effects are the following:

  1. Production Delays: Supply chain disruptions may cause delays in the delivery of components, finished goods, or raw materials, which may cause production to halt or slow down. This may affect a business’s capacity to reach production goals and promptly complete orders from customers.
  2. Increased Costs: Expenses associated with carrying excess inventory, accelerating shipments, finding alternate suppliers, and putting emergency plans in place can all rise as a result of supply chain interruptions. These extra costs have the potential to weaken profit margins and lower overall financial performance.
  1. Customer Dissatisfaction: Customers may become dissatisfied and lose faith in the business as a result of delays in the delivery of goods or services. Customer loyalty and the company’s reputation may suffer as a result.
  2. Inventory Management Problems: Disruptions in the supply chain may result in inventory levels that are out of balance, with an abundance of certain commodities and a deficiency of others. This may result in ineffective inventory management, a lockup in working capital, and higher carrying costs.
  3. Operational Disruptions: When important vendors or partners in logistics are unable to deliver merchandise services as anticipated, it may cause daily operations of a business to be disrupted, affecting departmental productivity and efficiency.
  4. Risk of Loss of Market Share: Prolonged supply chain interruptions increase the likelihood that a company may miss out on sales opportunities, lose market share, and experience other negative effects. Those with more dependable supply chains could have an advantage over rivals.
  5. Legal and Regulatory Issues: When a supply chain is disrupted, there may be legal repercussions, including breaking contracts, missing deadlines, and breaking rules. Legal issues, fines, and reputational harm to a business may arise from this.
  6. Long-term Business Impact: A company’s financial performance, competitive position, and general viability may all be negatively impacted by protracted or severe supply chain disruptions. It might impair the business’s capacity to sustain connections with clients, vendors, and other business associates.
  7. Communication and Collaboration Challenges: Interruptions can make it difficult for supply chain participants to coordinate, make decisions, and solve problems. Both efficient crisis management and general operational efficacy may be hampered by this.

IMPACT ON FINANCE PERFORMANCE

A company’s financial performance can be significantly impacted by supply chain disruption in a number of ways, including:

  1. Increased Expenses: Supply chain interruptions frequently result in greater expenses for items like faster shipment, purchasing from more expensive alternative suppliers, keeping extra inventory on hand, or putting emergency preparations in place. The company’s profitability may be directly impacted by these added expenses.
  2. Revenue Loss: Supply chain disruptions may cause delays in completing client orders, which may result in a potential loss of revenue because lost chances to close deals. If there are delays or product shortages, customers can also look for other suppliers, which would mean fewer sales for the business.
  3. Inventory Write-offs: When there are disruptions in the supply chain, inventory levels might become unbalanced, with certain items having excess stock and others lacking. As unsold or outdated inventory builds up and negatively affects the company’s financial condition, this may lead to inventory write-offs.
  4. Contractual Penalties and Legal Expenses: If supply chain disruptions cause a party to miss contractual obligations, there may be penalties and legal expenses. Conflicts involving partners, suppliers, or customers may lead to legal action and more expenses.
  5. Long-Term Financial Impact: Extended or severe disruptions to the supply chain may have a long-term effect on the financial performance of the business, limiting its capacity to produce revenue and sustain long-term profitability. Stock performance and investor confidence may potentially be impacted by this.
  6. Working Capital Restraints: In order to minimize disruptions caused by supply chain disruptions, the business may need to store excess inventory or pay in advance for faster transportation. Money that may have been spent for other company endeavors is diverted by this.
  7. Business Continuity Costs: In order to avoid or lessen supply chain interruptions, businesses may need to make investments in business continuity and risk management techniques. These costs can have an adverse effect on their bottom line.
  8. Stock Market Reaction: When businesses see significant interruptions in their supply chains, investors may react negatively, which could lead to a drop in stock prices. The market capitalization of the company could be impacted if investors lose faith in its capacity to handle risks.
  9. Legal and Regulatory Repercussions: Disruptions to the supply chain may result in legal and regulatory repercussions, such as breaking contracts or neglecting to fulfill duties to customers. A company’s reputation and financial performance can be severely impacted by lawsuits, fines, penalties, and compliance expenses.

STRATEGIES FOR MITIGATION

Businesses can handle supply chain disruption and reduce its impact on operations and financial performance by implementing a number of mitigation techniques, such as:

  1. Diversify Your Supplier Base: Dependence on only one source might make disruptions more likely. Increasing the variety of suppliers helps lessen the effect of interruptions from a particular source.
  2. Supply Chain Insight: Put in place systems and technology that offer real-time insight into every aspect of the supply chain, including transportation, production status, and inventory levels. This visibility aids in identifying anticipate possible problems and make proactive mitigation strategies possible.
  3. Risk Assessment and Management: Perform thorough risk analyses of the supply chain to find possible weak points and put risk management plans in place to lessen their effects.
  4. Contingency Planning: To handle and minimize supply chain interruptions, create and update backup suppliers, logistics routes, and alternate sourcing choices.
  5. Cooperation and Communication: Create effective channels for cooperation and communication with consumers, logistical partners, and suppliers. Having solid connections and open channels of communication will make it easier to deal with interruptions in a cooperative and efficient manner.
  6. Inventory Management: Use agile inventory management techniques to balance supply and demand, keep ideal inventory levels, and lessen the effects of shortages and surpluses brought on by disruptions.
  7. Adoption of Technology: Invest in Supply chain resilience and agility can be improved by utilizing technology like blockchain, supply chain management systems, and predictive analytics.
  8. Financial Risk Management: To lessen any financial effects, assess your exposure to financial risk as it relates to supply chain interruptions and take into account risk transfer strategies such supply chain insurance.
  9. Technology Adoption: Supply chain visibility, traceability, and control can be improved by utilizing cutting-edge technologies like blockchain, data analytics, automation, artificial intelligence, and the Internet of Things (IoT). By facilitating real-time monitoring, predictive analytics, and prompt decision-making, these technologies improve resilience and lessen the effects of disruptions.
  10. Scenario Planning: Create and maintain scenario plans that take into account a range of possible interruptions and how they can affect financial performance and business operations.

CONCLUSION

Disruptions in the supply chain significantly affect financial results and commercial operations. Companies need to proactively identify risks, improve teamwork, use technology, and create strong contingency plans in order to successfully traverse these issues. Businesses may reduce the effects of disruptions, enhance financial performance, and preserve a competitive edge in the complex and unpredictable business world of today by putting these mitigation techniques into practice.

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BANKING

Five Ecobank affiliates win Bank of the Year 2023 awards and Ecobank Zimbabwe wins Global Award for Financial Inclusion in The Banker’s Awards 2023

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Five Ecobank affiliates win Bank of the Year 2023 awards and Ecobank Zimbabwe wins Global Award for Financial Inclusion in The Banker's Awards 2023

Five Ecobank affiliates win Bank of the Year 2023 awards and Ecobank Zimbabwe wins Global Award for Financial Inclusion in The Banker’s Awards 2023

Ecobank Benin, Ecobank Guinea, Ecobank Liberia, Ecobank Mali and Ecobank Togo were all named ‘Bank of the Year 2023’ in their respective countries.

Ecobank (www.Ecobank.com), the leading pan-African Banking Group, is proud to announce that Ecobank Zimbabwe has won the ‘Global Award for Financial Inclusion’ in The Banker’s Awards 2023. In addition, Ecobank Benin, Ecobank Guinea, Ecobank Liberia, Ecobank Mali and Ecobank Togo were all named ‘Bank of the Year 2023’ in their respective countries.

Five Ecobank affiliates win Bank of the Year 2023 awards and Ecobank Zimbabwe wins Global Award for Financial Inclusion in The Banker's Awards 2023

Ecobank SADC Cluster Head, Mr. Moses Kurenjekwa (2nd right) and Zimbabwe’s Head of Customer Experience, Mr. Tichaona Gandanhamo (2nd left) with The Banker’s Bank of The Year Award trophies for Benin, Guinea, Liberia, Mali and Togo. The five affiliates defied stiff competition to emerge the best in their respective markets. They were flanked by officials from The Banker Awards team.

Jeremy Awori, Chief Executive Officer, Ecobank Group, said: “These awards reflect the hard work of all Ecobankers across our Group and could not have been won without the support of our customers and partners. Ecobank Zimbabwe’s Global Award for Financial Inclusion 2023 also reflects the runaway success of its partnership with CARE Zimbabwe and UN Women. It is delivering financial inclusion to over 50,000 rural Zimbabwean women by enabling them to create commercially viable formal enterprises that are boosting local economies. I am also immensely proud of our affiliates in Benin, Guinea, Liberia, Mali and Togo for winning Bank of the Year 2023 awards. I am confident that they, along with all our other affiliates, will continue to deliver excellent banking experiences to all our customers.”

Five Ecobank affiliates win Bank of the Year 2023 awards and Ecobank Zimbabwe wins Global Award for Financial Inclusion in The Banker's Awards 2023 .

Ecobank SADC Cluster Head, Mr. Moses Kurenjekwa (2nd right) displays the first ever ‘Global Award for Financial Inclusion 2023’ trophy won by Ecobank Zimbabwe. Mr. Kurenjekwa was accompanied by Zimbabwe’s Head of Customer Experience, Mr. Tichaona Gandanhamo

Ecobank Zimbabwe’s programme provides financial inclusion and revolving loans to Zimbabwean women’s village associations engaged in grower’s schemes, grocery shops, horticulture and more. The sustainability of the initiative is guaranteed as it revolves funds repaid through its programme of flexible lending/credit terms and low interest rates. The runaway success of the scheme enabled it to expand its women entrepreneur beneficiaries from 7,500 to 52,500 during the first six months of 2023. The bank has created a financial ecosystem, with producers, buyers and suppliers using Ecobank’s digital channels for their transactions. In addition, it has created single market trade hubs at local levels, which will eventually be transformed into a regional market trade hub once the businesses grow to export level.

The judges of The Banker’s awards took account of numerous factors in their decision-making.

  • For the Financial Inclusion Award, they assessed banks globally – across both industrialised and developing economies – on how they address the challenge of including the poorest members of society in the financial system. They also took account of how the banks serving this segment perform a social function and their ability to potentially transform these customers into the high-margin customers of the future.
  • The Bank of the Year Awards focused on rewarding and promoting excellence in the banking community and the criteria assessed also included banks’ abilities to deliver returns, gain strategic advantage and serve their markets.

Ecobank’s awards were presented at The Banker’s 2023 Awards Ceremony, which was held on 30 November 2023 at the Sheraton Grand Hotel, London, UK.

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BANKING

How Kora Payment Link Helps Online Businesses To Grow

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How Kora Payment Link Helps Online Businesses To Grow

The advent of technology with the COVID-19 pandemic has increased the adoption and popularity of online businesses. This is owed to the ability to operate small and medium-sized businesses from anywhere across the globe – which alludes to the fact that the world is now a global village: How Kora Payment Link Helps Online Businesses To Grow.”

Therefore, there has been a meteoric increase in the number of online shoppers seeking products or services from the available businesses in the digital space.

This is evident in the emergence of e-commerce platforms that operate as an online marketplace for both buyers and sellers. It is also playing out in social commerce through the use of platforms like Facebook, Instagram, or X (Twitter) that people continuously use for their shopping experience.

By and large, online business is today a thriving venture that continues to generate a staggering income for businesses and the local economy.

One of the major perks of online businesses is the flexibility of their payments, such that merchants can offer a range of payment methods. The most common options are bank transfers or card payments, in which businesses provide their customers with bank account details to pay.

But as innovation continues to meet the evolution of online businesses, Kora is making payment strategy seamless for both merchants and their customers. This is through the Kora Payment Link.

What Is Kora Payment Link?

A Kora Payment Link is a clickable link that enables business customers to complete a purchase. This is offered as a digital link, which can be used across various social media platforms, websites, or other messaging tools.

How this works is that a customer is directed to a merchant’s online checkout page to complete their transaction anytime they use the Kora Payment Link. This link can be used for both a single transaction, as in a customer invoice and for multiple transactions, as a buy button on social media platforms.

It should be noted that the Kora Payment Link facilitates simple online payments as it does not require a website or code to create and use the link. Therefore, online businesses can easily create a payment link that takes customers directly to the online checkout page of the merchant.

Furthermore, the Kora Payment Link can be used for fundraising, donation, and subscription purposes.

Benefits Of Kora Payment Link To Online Businesses

  • Accept Payments Anywhere

You can receive payments from your customers across the globe through the payment link that you can easily share on social platforms or websites. This is also a “call to action” strategy to compel your customers to complete their purchase with you without delay.

  •  Keep Payments Simple

Customers do not have to log into a mobile app or website before paying. This is because they can easily click the link anytime and from anywhere to take them to the checkout page to complete their purchase.

  • Flexible Payment Options

Kora Payment Link provides online businesses various payment options tailored to their preferences. This can be bank transfers, payment cards, or other digital payment methods like Apple Pay or Google Pay.

Therefore, it is the volition of online businesses to design their payment links towards their preferred payment options. Hence attracting customers to complete their purchase with the knowledge that they can use certain payment gateway.

How Online Businesses Can Use Kora Payment Link

Here is a quick step for using the Kora Payment Link:

  • Create a Kora account and log in.
  • Navigate to “Payment Link.”
  • Enter your details and customize your link with certain preferences.
  • Preview your link and activate it.
  • Share your Kora Payment Link on social media platforms and other messaging tools.
  • Start receiving payments.

Conclusion

We can not overemphasize the importance of having a sustainable payment strategy for online businesses to attract more customers who would complete purchases with them. That is why Kora introduced a payment link which merchants can easily share with their customers for transactions.

Kora Payment Link is easy and free to use, and you can get started by creating a Kora account now. [site]

 

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