Skip to main content

Home/ Spring 21 Capstone 640pm/ Group items tagged Company Size

Rss Feed Group items tagged

Filter: All | Bookmarks | Topics Simple Middle
mehdibella

Covid-19 - Morocco.pdf - 0 views

Fintech finance Morocco Dabadoc

shared by mehdibella on 11 Feb 21 - No Cached
  • #SolidariTECH The CGEM continues to invest in startup development. In collaboration with the Moroccan Start-up Ecosystem Catalysts (MSEC), it has launched a social initiative called #SolidariTECH. It orientates the startups to develop agile solutions to the COVID19 and quarantine issues for the benefit of civil society, companies and the Government. They provide new solutions in the fields of health, education and even DabaDoc medical consultation online. Now this initiative is welcoming a new stakeholder, the International Finance Corporation. It also aims to deploy the solutions proposed by these startups in neighboring countries such as Algeria and Tunisia and identify new synergies between #SolidariTECH and similar initiatives carried out in the Maghreb region.
    • samiatazi
      samiatazi on 11 Feb 21
       
      I am amazed to hear that a Moroccan start up ended up being one of the biggest companies operating not only in Morocco but also in Algeria and Tunisia, and doing their best to spread this positive impact through collaborating with some initiatives like SolidariTECH.
  • The CGEM continues to invest in startup development. In collaboration with the Moroccan Start-up Ecosystem Catalysts (MSEC), it has launched a social initiative called #SolidariTECH.
  • For instance, the platform “DabaDoc “offers citizens the option to have a medical consultation online. Now this initiative0.959
mbellakbail69

Digital Payments Firm Strikes Gold in Egypt, Where Cash Is King - Bloomberg - 0 views

www.bloomberg.com/...ld-in-egypt-where-cash-is-king

shared by mbellakbail69 on 12 Feb 21 - No Cached
  • An Egyptian digital payments firm has quadrupled in value during the pandemic, helped by a government push to reduce citizens’ heavy reliance on cash. Investors and analysts are split on whether the stock rally has further legs.
  • A 300% rally from a mid-March low has boosted its market value to 20 billion Egyptian pounds ($1.3 billion). That puts Fawry among the country’s 10 most valuable companies alongside firms such as Telecom Egypt Co. and Elswedy Electric Co., which generate many times more revenue and profit.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      In addition to the opportunity the Covid-19 crisis has created to Fintech companies such as Fawry, The North African nation's central bank asking lenders to find a way to make sure all citizens have access to financial services, focusing on digital payments and mobile wallets, is also one of the main reasons behind the rise in the company's valuation as it resulted in its services being needed more than ever before.
  • Egypt, where it’s common for government employees to ring doorbells to collect cash payments for gas and electricity bills, is trying to shift more transactions digital. The North African nation’s central bank has asked lenders to set a strategy to ensure all citizens have access to financial services, focusing on digital payments and mobile wallets. The regulator is also pushing consumers to use payment platforms such as Fawry in an attempt to curb the spread of the new coronavirus.#lazy-img-364482620:before{padding-top:56.25%;}
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects how the Egyptian government and central bank contributed to the prosperity of Fawry during the covid-19 pandemic.
  • ...1 more annotation...
  • The National Bank of Egypt is looking to buy stakes in Aman, Raya Holding for Financial Investments’ e-payment subsidiary, which was planned to IPO in three years, the local business newspaper Al Mal reported in 2019. MM Group for Industry & International Trade SAE is also planning to begin procedures to list non-banking investments firm Ebtikar next year, according to Daily News Egypt.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      All the same, Fawry's surging stock price may encourage further investment in Egypt's e-payment sector.
  • hichamachir on 12 Feb 21
     
    I believe that digitalization helped many companies to boost their profits during the pandemic. Fawry's is the leading Fintech company in Egypt and the pandemic served this company very well.
  • nouhaila_zaki on 13 Feb 21
     
    "Egypt, where it's common for government employees to ring doorbells to collect cash payments for gas and electricity bills, is trying to shift more transactions digital. The North African nation's central bank has asked lenders to set a strategy to ensure all citizens have access to financial services, focusing on digital payments and mobile wallets. The regulator is also pushing consumers to use payment platforms such as Fawry in an attempt to curb the spread of the new coronavirus."
nouhaila_zaki

Paga - an Unreasonable company - 0 views

unreasonablegroup.com/...paga

Paga Nigeria Overview Company Size

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Leading application to send and receive payments in Nigeria, with more than 8.4 million users. Founded in 2009 with the simple belief that technology can transform lives by delivering universal access to financial services, Paga is now the top mobile payment service in Nigeria, used by more than 12 million individual users, while employing nearly 22,000 Paga agents. Anyone with a mobile phone can send money to the recipient's mobile phone number which can then be collected either through a Paga agent or an ATM without the use of a card. Paga can also be used for airtime credits, bill payments, and retail. The company is constantly evolving to bridge the gap between commerce, financial services, and economic development within Nigeria's emerging economy.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Paga is now Nigeria's top mobile payment service, and it is used by more than 12 million individuals, while approximately 22,000 Paga agents are working. everyone can use it if they have a mobile phone. users can transfer money to the mobile phone number of the recipient, which can then be collected without using a card, either through a Paga agent or an ATM. Paga can also be used for airtime credits, retail, and bill payments.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is a great introduction to what Paga does, how many users it has, and what it can be used for. A great overview of the company.
  • COMPANY SIZE 101–200
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      Knowing the company size allows us to assess the capabilities and resources available to Paga, which can prove to be very useful when analyzing corporate strategies and developing new ones for Paga.
mehdibella

Goldman Sachs cash confirms Jumo as fintech heavyweight - 1 views

www.theafricareport.com/...ms-jumo-as-fintech-heavyweight

Jumo Fintech finance SouthAfrica

shared by mehdibella on 11 Feb 21 - No Cached
  • Created in 2015 in Cape Town by Andrew Watkins-Ball, the company, which specializes in savings, loans and insurance for people and small businesses far from the traditional banking system, has raised $55 million (50 million euro) in debt and venture capital from the American bank.
    • samielbaqqali
      samielbaqqali on 11 Feb 21
       
      The company asked for a big amount from an American bank in order to perfect their investment.
  • Created in 2015 in Cape Town by Andrew Watkins-Ball, the company, which specializes in savings, loans and insurance for people and small businesses far from the traditional banking system, has raised $55 million (50 million euro) in debt and venture capital from the American bank.
  • The company has raised nearly $146 million since its creation from renowned players such as Google, which integrated Jumo into its accelerator in May 2017, the Mastercard foundation, development institutions such as Finnfund and Proparco (the private branch of the French Development Agency).
  • ...9 more annotations...
  • Goldman Sachs cash confirms Jumo as fintech heavyweight
  • By entering Jumo's final $55 million round of financing, the US bank Goldman Sachs is raising the South African fintech's profile
    • mehdibella
      mehdibella on 13 Feb 21
       
      the company has taken millions of dollars to secure the continuation of this project
  • Jumo is connected to continental telecom operators such as Tigo, Airtel, and MTN as well as traditional banks such as Letshego in Ghana and Barclays in Zambia, to integrate its offers with those of its partners.
    • mehdibella
      mehdibella on 13 Feb 21
       
      it made a lot of partnerships arround many companies that would make transactions easier
  • Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.By 2019, the start-up, claimed to have provided more than $bn in loans to 15 million customers, and to employ 300 people across 11 countries.
  • Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.
    • ghtazi
      ghtazi on 13 Feb 21
       
      this is once again a smart move from jumo, they diversify their activity, which can be more than benefic for them.
  • Jumo is already active in Ghana, Kenya, Pakistan, Tanzania, Uganda, and Zambia and has representation in Cape Town, New Delhi, London, Mumbai, Nairobi, Porto, and Singapore, where its founder is now based.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt introduces us to the geographical scope of Jumo, which appears to be pretty large (in Africa and Asia).
  • By 2019, the start-up, claimed to have provided more than $bn in loans to 15 million customers, and to employ 300 people across 11 countries.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it gives us a measurement of how active Jumo is in providing customers with loans (one of their products). It also gives us an idea about the size of the company (300 employees accross 11 countries).
  • Jumo is connected to continental telecom operators such as Tigo, Airtel, and MTN as well as traditional banks such as Letshego in Ghana and Barclays in Zambia, to integrate its offers with those of its partners. Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.
  • With this new round of financing — its fourth since April 2018 — the company, which targets emerging markets and is part of the very select club of African start-ups active beyond the continent’s borders, now intends to conquer Côte d’Ivoire, Nigeria, as well as Bangladesh and India
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this countries can bring new options to jumo, not only new customers but also new services. These new entrances can bring to Jumo high revenues as well
  • hichamachir on 12 Feb 21
     
    JUMO is opting for a good strategy which is doing a partnership with Google. Partnerships with giant companies like google are always beneficial because they offer you great technology and a big capital to improve your business.
  • mohammed_ab on 13 Feb 21
     
    I like the way JUMO chose its partners in the telecommunication industry. Partnering with MTN that is the first telecom operator in Africa and also a big fintech advocate is a good decision for JUMO to grow.
sawsanenn

Frontiers | FinTech: A New Hedge for a Financial Re-intermediation. Strategy and Risk P... - 0 views

www.frontiersin.org/...full

FinTech Financial inclusion Strategies

shared by sawsanenn on 13 Feb 21 - No Cached
  • FinTechs and the Value Chains in the Financial IndustryIt is beneficial to remember how things worked before and after FinTechs and TechFins or big techs in the financial industry.Banking models are shifting significantly from a pipeline, vertical, paradigm, to modular solutions that pave the way to new banking paradigms that entail higher levels of openness toward third parties and a growing number of modular services bundled together.Value is created in platforms through economies of scope in production and innovation (Gawer, 2014). In order for platforms to work, adoption and network effects are essential. Models can go to mere compliance with the prescriptions of openness of PSD2, to the inclusion of new services, the opening of the banking core and data, and the aggregation of those within a platform experience. In particular, we assist both to the evolution of a Bank-as-a-Platform model and a tech-platform-driven model supporting banking and financial intermediation, which both constitute a new interesting field of analysis.Since the wave of digital transformation started entering the financial industr
  • , banking-as-a-business has started moving from a product/service perspective to more contextual solutions where providers are customer needs-driven. This is because customer-driven companies outperform the shareholder-driven ones, and this requires an outside-in approach.Having said that, it is beneficial to remember that digital transformation implies four main categories of innovation (product, process, organizational and business model) (Omarini, 2019, p. 340); all of them require rediscovering that a new strategy paradigm exists. This regards the concept of co-creation, and because of this no single firm can unilaterally carry out a process of continuous experimentation, risk reduction, time compression, and minimizing investment while maximizing market impact. Co-creation requires access to resources from extended networks (suppliers, partners, and consumer communities).Under these new market conditions, FinTechs have become an important piece of a bigger puzzle, each one in its own area of business (payment, lending, etc.), while at the beg
  • inning most of them started as mono-business companies. Only a few of them may become leaders in the market. On the one hand, there are those that make their strategy become international, and on the other, there are FinTechs which enlarge their services-scopes. However, the majority of them will become part of ecosystems where the direction could swing from banks to tech companies or to FinTechs as well, able to manage the network by developing kinds of conglomerate-as-a-service.Another interesting point to outline regards this recent period where all of us have experienced lockdowns around the world, and some effects have also impacted FinTechs as well. The valuations of most unicorns have crashed overnight, while on the FinTechs side there are different situations. Some of them have experienced a dramatic reduction in their
  • ...6 more annotations...
  • strategy development process, especially when the various units and individuals in the network must collectively execute that strategy. The key issue is this: balancing act between collaborating and competing is delicate and crucial” (Prahalad and Ramaswamy, 2004, p. 197).If co-creation is fundamental to the industry, this needs to leverage on a wider customer perspective that requires introducing the idea of developing ecosystems where the customer is truly free to move and choose the best deal in more competitive markets able to let consumers' ability to make informed decisions against any possible market concentrations among market providers.A business ecosystem (Moore, 1996) reflects the new paradigm of competition in a better way. Traditional management models aimed at gaining competitive advantage, such as vertical or horizontal integration, economies of scale and scope, are not effective anymore. The value of today's companies is determined by the size of its ecosystem (Tewari, 2014). Business ecosystems consist in crossovers of a variety of industries, of which companies cooperate and embrace open innovation to satisfy new customers' needs an
    • samiatazi
      samiatazi on 13 Feb 21
       
      Digital transformation implies four main categories of innovation: product, process, organizational and business model. FinTechs have become a significant piece of a greater riddle, every one in its own zone of business. The victors are those that have sufficient liquidity and money to purchase great innovation. This is particularly valid for installments that will be progressively contactless. Individuals costs and per-client commitment edge are key elements, and important markers. The more wellsprings of incomes an organization holds, the better it is for it to be a FinTech.
  • sons can be learnt from difficult times especially due to external factors such as the following:- People costs and per-customer contribution margin are key factors, and valuable indicators. They are valuable for incumbents too. When staff costs rise, then this becomes a burden if growth is not going to move on. Then, if we move on the per-customer contribution margin (revenue, minus variable costs including credit losses), then this makes a FinTech earn more money per bank account than the cost of running those bank accounts.- One more point has to do with the way a FinTech makes its revenues per customer, and net income is the figure to look out for here. This means that the more sources of revenues a company holds, the better it is for it. If we think of some of the best-known FinTechs, they gather their net income from interchange fees, ATM withdrawals, which can diminish during the pandemic, but gathering revenues from other sources such as lending, investing, or again from referring customers to third-party services, and earning commissions from these referrals.Under this oncoming market structure configuration, a focus on control and ownership of resources is giving way to the importance of accessing and leveraging resources through unique ways of collaboration. “The co-creation process also challenges the assumption that only the firm's aspirations matter. (…) Every participant in the experience network collaborates in value creation and competes in value extraction. This result in constant tension in the
  • evaluation, others were quite lucky and suffered less.There are many and different feelings on the way FinTechs will exit this situation, which as far as we understand has overall accelerated some strategic choices.First of all, there are many and different FinTechs in the market. What is critical is to look at the fundamentals of the business. All of them are about answering what society is going to look like in the future (attitudes, behaviors, habits, etc.), so that if we no longer need to go to retail stores anymore, why do we need some services based on this situation? This, again, underlines that banking is a people business (Omarini, 2015) and this requires a business to be resilient to become adaptive to consumer changes or moves into a different market where you can still apply the service because the society is not yet ready to shift somewhere else, which means the same business in different markets. Just think of the ongoing situation where the recent wave of people is rethinking and restructuring their finances, so that they have decided to switch rates to digital banks. In this scenario, the winners are those that have enough liquidity—or better still cash-rich—to buy good technology and invest in new directions, also taking the opportunity to use the pandemic to its advantage. This is especially true for payments that are going to be increasingly contactless. However, some more les
  • One more point has to do with the way a FinTech makes its revenues per customer, and net income is the figure to look out for here. This means that the more sources of revenues a company holds, the better it is for it. If we think of some of the best-known FinTechs, they gather their net income from interchange fees, ATM withdrawals, which can diminish during the pandemic, but gathering revenues from other sources such as lending, investing, or again from referring customers to third-party services, and earning commissions from these referrals.
    • hichamachir
      hichamachir on 13 Feb 21
       
      Pula can benefit so much from expanding its revenues streams. It lets the customers use the product or service in different ways which can't make them feel lazy to use a specific way.
  • The emergence of new technologies and players, along with a favorable regulatory framework (PSD2 Directive), is changing the banking industry. FinTechs and TechFins have allowed the introduction of new services and changed the way customers interact to satisfy their financial needs. The FinTech landscape is constantly evolving in the market. Different business value propositions are entering the financial services industry, moving from increasing the user's experience to developing a time to market framework for banks to innovate products, processes, and channels, increasing the cost efficiency and looking for a “partnering on order” to lighten the regulatory burdens for banks. The many businesses of banks are changing their value chains, and banks' business models should do the same accordingly. Strategists could no longer take their value chains as a given; choices have to be made on what needs to be protected and maintained, what abandoned and the new on coming to make banks evolve and become more resilient in doing their job. Banking is shifting significantly from a pipeline, vertical paradigm, to open banking business models where open innovation, modularity, and ecosystem-based bank's business model may become the ongoing mainstream and paradigm to follow and develop. Opportunities and threats for banks are many and new ones to re-gaining their role in the market throughout a re-intermediation process.
    • ghtazi
      ghtazi on 13 Feb 21
       
      FinTechs and TechFins have enabled new services to be launched and changed the way clients communicate to meet their financial needs. In the industry, the FinTech landscape is continuously changing.
  • They have brought to the traditional banking industry a wave of competition and broken pipeline value chains, unbundling them into different modules of products or services, which may be combined among themselves. These companies on the one hand and the BigTechs (Google, Facebook, Apple, Samsung, Alibaba, etc.) on the other have been forcing the industry to change, transform, and evolve in a set of new financial intermediation directions. Use of data and customer experience are both FinTechs' major assets and threats as well. On the one hand, they please the customers as individuals and introduce the paradigm of contextual banking. On the other, the two selling points are threatening both the incumbent players and regulators in different ways. For banks, it is even more urgent to react actively because their “no fee zone” is expanding, due to new regulations from the Consumer Financial Protection Bureaus (CFPB) and similar entities in different countries.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Since the digitalization wave entered the banking industry, financial institutions has begun to move from a product/service standpoint to more semantic alternatives where suppliers are pushed by customer needs. This is because the customer-driven firms outclass the investor ones, and this necessitates an outside strategy.
samielbaqqali

South Africa's $29+ Billion Mobile Wallet & Payment Market, 2016-2025 - Featuring Flick... - 0 views

www.globenewswire.com/...etPOS-SnapScan-and-Zapper.html

Fintech Payments Snapscan

shared by samielbaqqali on 11 Feb 21 - No Cached
  • The mobile payment industry in South Africa is expected to record a CAGR of 12.9% to reach US$ 29,424.3 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 12.6% during 2018-2025.This report provides a comprehensive view on mobile payment / mobile wallet market size and growth dynamics, industry dynamics, retail spending, consumer attitude and behaviour, and competitive landscape in South Africa. The report focuses on data-centric analysis of mobile payment market dynamics to help companies understand business and investment opportunities along with risks.
  • The mobile payment industry in South Africa is expected to record a CAGR of 12.9% to reach US$ 29,424.3 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 12.6% during 2018-2025.This report provides a comprehensive view on mobile payment / mobile wallet market size and growth dynamics, industry dynamics, retail spending, consumer attitude and behaviour, and competitive landscape in South Africa. The report focuses on data-centric analysis of mobile payment market dynamics to help companies understand business and investment opportunities along with risks. It details growth dynamics in 45+ market segments (600+ KPIs) across mobile commerce, mobile P2P transfer (domestic and international remittance), mobile lending, and a range of other payment avenues in South Africa.
  • hichamachir on 11 Feb 21
     
    In my point of view, the growth of the market size of mobile payment technology is kind of obvious because the world is heading towards a new generation of digitalization and companies are creating new technologies in order to dominate a certain market. SnapScan does offer a new technology which is QR codes and this technology does contribute to the development of the mobile payment technology.
  • samielbaqqali on 12 Feb 21
     
    The increase in mobile payment technology's market size is somewhat evident because the world is moving into a new age of digitalization and businesses are developing new technologies to dominate a certain market.
omarlahmidi

Ethiopia Mobile Wallet and Payment Market Opportunities Databook 2019 Featuring M-Birr,... - 0 views

www.prnewswire.com/...thiopay-yenepay-300963746.html

Belcash Africa Mobile_Payments

shared by omarlahmidi on 11 Feb 21 - No Cached
  • The mobile payment industry in Ethiopia is expected to record a CAGR of 18.7% to reach US$ 7,818.2 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 18.3% during 2018-2025.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      It is fascinating to see such African companies grow tremendously over a short period of time. EthioPay is among one of the companies that helped the mobile payment industry in Ethiopia increase at a CAGR of 18.3% and is still expecting to grow.
  • The mobile payment industry in Ethiopia is expected to record a CAGR of 18.7% to reach US$ 7,818.2 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 18.3% during 2018-2025.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      A significant number of smartphone subscribers are feature phone users, and smartphone users are increasing recently due to the rising availability of more affordable smartphones on the local market.
  • This report provides a comprehensive view on mobile payment / mobile wallet market size and growth dynamics, industry dynamics, retail spending, consumer attitude and behaviour, and competitive landscape in Ethiopia. The report focuses on data-centric analysis of mobile payment market dynamics to help companies understand business and investment opportunities along with risks. It details growth dynamics in 45+ market segments (600+ KPIs) across mobile commerce, mobile P2P transfer (domestic and international remittance), mobile lending, and a range of other payment avenues in Ethiopia.
  • ...5 more annotations...
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This article is very interesting because it briefly introduces the findings of a report that provides a comprehensive view about the Ethiopian mobile payment/mobile wallet industry in which Ethiopay operates.
  • Companies Mentioned M-Birr BelCash Amole EthioPay YenePay
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it enumerates Ethiopay's main competitors.
  • Ethiopia Market Share by Mobile Payment Technology: Provides market share by key mobile payment technologies -
    • ghtazi
      ghtazi on 13 Feb 21
       
      you can pay by : SMS/USSD NFC Code-Based Web-Based
  • Ethiopia Mobile Wallet and Payment Market Opportunities Databook 2019 Featuring M-Birr, BelCash, Amole, EthioPay, YenePay
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article discusses the mobile wallet market in Ethiopia and mentions providers like Belcash such as M-birr, Amole, Ethiopay and YenePay which are potential competitors.
  • Report ScopeThis report provides in-depth market opportunity analysis and growth dynamics of mobile payment industry in Ethiopia. Below is a summary of key market segments:Market Size and ForecastMobile payment and mobile wallet market size and forecast across 45+ markets segments on three essential KPIs - mobile payment transaction value, volume and average transaction value.
    • omarlahmidi
      omarlahmidi on 14 Feb 21
       
      This article discusses the mobile payment industry. It also talks about providers such as Belcash.
mohammed_ab

Egypt calls for financial inclusions - Wamda - 1 views

www.wamda.com/...ypt-calls-financial-inclusions

Fawry Financial inclusion Regulations

shared by mohammed_ab on 13 Feb 21 - No Cached
  • For years, Egyptian companies have been paying salaries in cash, and people have been saving money outside banks.  Only 10 percent of Egyptians have bank accounts, according to Payfort’s State of Payments in the Arab World 2014 report. Over the previous decade, the electronic payment market has been penetrated by two firms: state-owned e-Finance, which handles electronic payments from and to the government through banking channels, and private-sector Fawry, which was launched in 2008 to provide payment solutions through ATM machines, mobile wallets, and retail points. Chief technology officer of Fawry, Mostafa Elnahhas, told Wamda that his company succeeded in spreading 65,000 collection points in 300 cities for banked customers in Egypt. However, the electronic payment is still small-sized due to the large amount of unbanked customers and the low credit card penetration.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Fawry's main concerns for the next years is the large number of customers not familiar with electronic payment making fintech entry more challenging. E-services awareness should be made in that regard.
  • Regulations are, however, crippling entrepreneurs. Mourad Alashry, CEO of PayMe, launched his startup in August 2016. It  allows companies and businesses to collect electronic payment without signing contracts with banks or paying extra fees.  The startup offers a simple payment tool for companies to allow them to set up an account and have customers send money through it. PayMe app was forced by Egypt’s fiscal regulator to stop operating for four months to abide by regulations. (Photo via PayMe) However, shortly after its launch, the Central Bank of Egypt, the state regulator, suspended Payme’s operations as a payment firm as it wasn’t cooperating with a bank. The firm had to abide by this regulation until it followed the requirements and collaborated with state-owned bank the National Bank of Egypt, then resumed its business in January 2017.  
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Egypt's regulations are quite strict. If a fintech doesn't cooperate with a bank for instance, the central bank will suspend its activities until further notice.
  • Regulations are, however, crippling entrepreneurs. Mourad Alashry, CEO of PayMe, launched his startup in August 2016. It  allows companies and businesses to collect electronic payment without signing contracts with banks or paying extra fees.  The startup offers a simple payment tool for companies to allow them to set up an account and have customers send money through it.
  • ...1 more annotation...
  • Bureaucracy, the absence of clear government regulations in the electronic payment sector, and the low percentage of debit and credit card users in Egypt are affecting the sector, said Al Salahy.
  • mohammed_ab on 13 Feb 21
     
    This article shows that regulatory agencies are still very strict with fintech firms in Egypt. It makes the work for fintech very difficult as they need to abide by these regulations even if it affects their operations and growth.
aymanelmamoun

Kenyan insure-tech company Bismart unveils e-commerce platform | AFRICA INC. MAGAZINE - 0 views

africaincmag.com/...rt-unveils-e-commerce-platform

Kenya E-Payment Africa FinTech InsureTech

shared by aymanelmamoun on 13 Feb 21 - No Cached
  • Bismart, a Kenyan insure-tech company has unveiled an online e-commerce platform that will enable insurance companies, brokers and agents to connect with their customer’s end- to- end. Known as Pamsmart, the cloud-based platform will allow different players to create products relevant to specific target group and businesses.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      The platform also easily integrates with existing insurance digital platforms and eliminates the need for cumbersome insurance paperwork.
aminej

Ghana - Market Overview - 0 views

www.trade.gov/...ghana-market-overview

External Analysis Demographics Social Factors Youth Digitalization

shared by aminej on 27 Feb 21 - No Cached
  • Ghana is a country of roughly 30 million people. It is a young and fast-growing country, with a relatively high population growth rate of 2.2 percent. More than half the population (57 percent) is under 25 years old. The country’s capital, Accra, is a bustling metropolitan area that is home to roughly 2 million people. Kumasi, the capital of the Ashanti Region north of Accra, is another large population center and an active commercial center with roughly the same population as Accra.
    • aminej
      aminej on 27 Feb 21
       
      The demograhics in Ghana are fascinating since half of the population is under 25 which is good for our company and digitalization in general throughout Ghana. The younger population will be more keen to use mobile apps than elder generations
mbellakbail69

Fawry: Making Payments Easier For 22 Million Egyptians | EgyptInnovate - 1 views

egyptinnovate.com/...ts-easier-22-million-egyptians

shared by mbellakbail69 on 13 Feb 21 - No Cached
  • echnology and its trends has made our lives easier especially in the fields of financial technology and payments. Now there are more advanced ways of payments and one of the most important players in Egypt in this field is Fawry. Fawry offers financial services to consumers and businesses through different channels and locations. Through Fawry you can pay your mobile, landline and utilities bills, donate money, renew your car license and more. Fawry was founded in 2008 and officially started in the market in 2010. They now have offered their service to reach 80,000 points of service in 300 cities all over Egypt. Their portfolio of businesses include: Orange, Vodafone, Etisalat, Go Bus, Lynks, Anghami, Ahl Misr Foundation, Resala and more
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Fawry made sure to regroup the strongest team from the beginning to work smoothly on the project. Also, they worked hard on changing the culture within the country, and push people to go for non traditional payment methods.
  • We started by hiring the best people we could find, for any startup to succeed it needs a really strong team especially at the beginning. We also got a good fund at the beginning from different entities such as Raya Holding, Technology Development Fund (Ideavelopers), Arab African International Bank, HSBC, Alexbank and other banks, this is what helped us build our brand.
  • Strong team management and good negotiation skills. The second thing is that it was a mutual investment fund, those investors already liked Fawry’s model and didn’t want to change anything but just help accelerate our growth with some cash. We are now a large corporate but with the spirit of a startup. Even until now, we appreciate everyone’s input at the company whether they have been working here for a month or 5 years. it doesn’t matter.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      Fawry was the only one investing in the business during that time.
  • mohammed_ab on 13 Feb 21
     
    I like how this excerpt underlines the different investors who believed in the value proposition of Fawry from the beginning. We see big names like HSBC that saw the potential of the idea and invested in the start-up.
hibaerrai

Fawry Makes Bill Payment Easier for Egyptians | Middle East/Africa Hub - 2 views

newsroom.mastercard.com/...l-payment-easier-for-egyptians

Fawry Egypt E-payments Online Fintech Security

shared by hibaerrai on 11 Feb 21 - No Cached
  • This innovation not only simplifies consumers’ lives, but allows more merchants to become a part of the electronic payments cycle, giving them the opportunity to safely conduct transactions and appeal to consumers who prefer not using cash. We have seen significant growth rates, and have managed to reach up to 1 million transactions per da
  • When we founded Fawry, an electronic bill payment and presentment company, we were very aware of the gap between card usage and the limited acceptance points in Egypt. Our aim was to extend acceptance channels beyond the traditional card acceptance points to make life easier for consumers in Egypt.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      People have considered Fawry's facilities to be very convenient. We can save precious time by using online payments and it also offers ease of use.
  • Fawry’s service is playing a key role in revolutionizing the payment industry in Egypt, a country where only 10% of the population of 85 million people has access to formal banking services.
  • ...2 more annotations...
  • Fawry’s service is playing a key role in revolutionizing the payment industry in Egypt, a country where only 10% of the population of 85 million people has access to formal banking services
  • We started our operations in early 2010 when Fawry enabled convenient and secure bill payments through a single, unified electronic network. Today, the Fawry network is comprised of 40,000 payment service points, including bank ATM machines, Egypt Post offices, pharmacies, supermarkets and convenience stores.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      As Fawry's main goal and purpose is to make financial transactions safer and easier for the customers, I believe that it is bound to gain a larger customer base overtime; new users are attracted by companies and services that put the clientele's best interest as a priority.
  • chaimaa-rachid on 11 Feb 21
     
    People have found Fawry's services to be very convenient. By using online payment we can save valuable time and it also provides ease of use.
  • hindelquarrouti on 13 Feb 21
     
    When Fawry was first established they were well aware of the gap between using card and using online payments, yet they manage to create acceptance for their service. They showed their customers in Egypt that it is much easier using online payments. And now they are revolutionizing the payment industry in Egypt.
mehdi-ezzaoui

12 Years After, Egypt's Fintech Startup Fawry Is Now Worth Over $1 Billion - 1 views

afrikanheroes.com/...ry-is-now-worth-over-1-billion

FAWRY Founder Egypt

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • The journey of a thousand miles begins with a single step! After twelve years of the startup journey, Cairo-headquartered fintech company Fawry has reached a unicorn status (that is, now worth over a billion dollar!), the first ever by any fintech startup in Egypt and the first ever by any African tech startup going through an IPO (Initial Public Offering) on African soil. Jumia, the Africa-focused ecommerce startup did this in 2019, but that was on the New York Stock Exchange. Interswitch, the Nigerian payment company, also did it last year, but it needed extra funding from VISA to make that happen. 
  • mehdi-ezzaoui on 13 Feb 21
     
    Fawry Has Proven That African Startups Don't Need To Look So Far Away For Their IPOs
mehdibella

JUMO: Banking services in the palm of your hand | AFD - Agence Française de D... - 1 views

www.afd.fr/...anking-services-palm-your-hand

Jumo Fintech finance SouthAfrica

shared by mehdibella on 07 Feb 21 - No Cached
  • “JUMO has started to solve the problem of access to good quality financial services for people in emerging economies”, says Andrew Watkins-Bell, CEO of JUMO. “It’s unacceptable for people to have difficulties making transactions, saving or finding capital to finance their company.”
  • JUMO was set up by Andrew Watkins-Ball in 2014 in South Africa. It has grown from a team of 7 people to some 300 people in 2018, selling its products in six countries. In 2017 alone, JUMO granted 12.2 million loans to its customers all over the world.
  • JUMO: Banking services in the palm of your hand
  • ...2 more annotations...
  • “PROPARCO’s investment in JUMO – which is also our first investment in a fintech company – is a natural extension of our work to promote financial inclusion via microfinance institutions, loans to small and medium-sized enterprises – and now mobile technology”, explains Grégory Clemente, Chief Executive Officer of PROPARCO. “This project uses mobile phone technology to reach a larger number of people in a much wider area.” 
    • mehdibella
      mehdibella on 13 Feb 21
       
      the CEO explains how his investment is going to help JUMO achieve more ground with its institution as by 2019 it has granted 12.2million loans to its customers all over the world.
  • “PROPARCO’s investment in JUMO – which is also our first investment in a fintech company – is a natural extension of our work to promote financial inclusion via microfinance institutions, loans to small and medium-sized enterprises – and now mobile technology”, explains Grégory Clemente, Chief Executive Officer of PROPARCO. “This project uses mobile phone technology to reach a larger number of people in a much wider area.” 
    • samiatazi
      samiatazi on 13 Feb 21
       
      the CEO explains how his investment is going to help JUMO achieve more ground with its institution as by 2019 it has granted 12.2million loans to its customers all over the world.
  • chaimaa-rachid on 07 Feb 21
     
    It's interesting that Jumo thought about an innovative solution to facilitate the lending transactions. Jumo gives a low-cost alternative to local non-regulated lenders.
  • hichamachir on 08 Feb 21
     
    Yes! It's interesting that JUMO uses its technology in order to help people in need finance their projects.
mehdi-ezzaoui

Fawry's founder launches fintech fund - Wamda - 1 views

www.wamda.com/...-founder-launches-fintech-fund

FAWRY Fintech Africa Egypt Payments Platform

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • Egypt-based financial technology (fintech) company Fawry has played a pivotal role in providing digital payment capabilities to businesses and consumers alike in the country. Last year, the company went public on the Egyptian Exchange, a feat realised by few startups in the Middle East. Now, Fawry’s co-founder Mohamed Okasha has stepped down as the company’s managing director to launch his own fintech fund, Disruptech, with a target size of $25 million.  We spoke with Okasha about the fund and why he decided to launch it. 
  • mehdi-ezzaoui on 13 Feb 21
     
    Egypt-based financial technology (fintech) company Fawry has played a pivotal role in providing digital payment capabilities to businesses and consumers alike in the country. Last year, the company went public on the Egyptian Exchange, a feat realised by few startups in the Middle East.
kenza_abdelhaq

Digital Innovation in Emerging Markets: A Case Study of Mobile Money | MIT CISR - 0 views

cisr.mit.edu/...tionVodafone_OrlikowskiBarrett

M-Pesa Kenya Payments Services

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • We describe the success of M-PESA in Kenya and the subsequent disappointment when M-PESA was replicated in Tanzania. We show how emerging markets are likely to be more different from than similar to one another. Thus, companies should consider a strategy of exploration as they attempt to expand within emerging markets. 
  • In 2008, a year after launching in Kenya, Vodafone attempted to replicate this success in neighboring Tanzania, a country that resembled Kenya in many important ways—size of population (40+ million) and main languages spoken (Swahili and English), as well as levels of literacy, unbanked, and mobile phone usage. But M-PESA in Tanzania did not grow on anything like the scale and scope of M-PESA in Kenya
  • M-PESA was initially developed by Vodafone as a mobile-based, microfinancing application funded partially by the UK Department for International Development to extend financial access to the unbanked populations in East Africa.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Developed by the mobile telecommunications company Vodafone, M-Pesa was first a microfinancing solution promoting financial inclusion in East Africa.
  • ...2 more annotations...
  • Managed by the corporate social responsibility (CSR) group within Vodafone, M-PESA was designed for a niche market: microfinancing institutions and their clients. The project was intended to be low-cost, low-key, small in scale, and modest in scope—focused on addressing issues of financial inclusion within the developing world. 
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      M-Pesa's niche market: microfinancing institutions and their clients.
  • The redesigned M-PESA system launched in Kenya in April 2007, growing rapidly through uptake and user innovation of new services. Now used by over 17 million Kenyans—which is more than two-thirds of the adult population—it is estimated that annually some 31% of the country’s GDP flows through it.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      - Important customer reach. - Facilitates the transfer of funds as 31% of the country's GDP flows through the platform.
  • mohammed_ab on 12 Feb 21
     
    I think that this article shows something very important that we should into consideration in our capstone research. It shows how the same service was launched in very similar African countries, yet the penetration and growth results were far from the same. It's important because it shows that if we want to use a fintech strategy followed by a foreign company to an African one, it could result in very bad consequences even if this same strategy works for the foreign company.
  • kenza_abdelhaq on 13 Feb 21
     
    "M-PESA was initially developed by Vodafone as a mobile-based, microfinancing application funded partially by the UK Department for International Development to extend financial access to the unbanked populations in East Africa. Managed by the corporate social responsibility (CSR) group within Vodafone, M-PESA was designed for a niche market: microfinancing institutions and their clients. The project was intended to be low-cost, low-key, small in scale, and modest in scope-focused on addressing issues of financial inclusion within the developing world. "
mbellakbail69

South Africa Mobile Wallet and Payment Market Opportunities (Databook Series) - Market ... - 0 views

www.researchandmarkets.com/...bile-wallet-and-payment-market

Mobile Payment Snapscan

shared by mbellakbail69 on 27 Feb 21 - No Cached
  • South Africa Market Share of Key Mobile Wallet CompaniesProvides market share by key players in value terms.South Africa Market Share by Mobile Payment Technology: Provides market share by key mobile payment technologies –SMS / USSD,NFC,Code Based, andWeb Based.South Africa Mobile Proximity Payment Market Size and ForecastMobile payment and mobile wallet market size and forecast by mobile proximity payment
hibaerrai

Egyptian fintech startup Thndr to open shop after securing brokerage license | AFRICA I... - 0 views

africaincmag.com/...ter-securing-brokerage-license

Thndr Egypt Fintech Investment Securities

shared by hibaerrai on 13 Feb 21 - No Cached
  • We are starting with Egyptian equities, but we intend to quickly introduce alternative investment options to suit different risk/reward and involvement preferences
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      Thndr is constantly looking for new ways to improve their services and further reach their goals which are creating a new generation of investors and modernizing the investing process in Egypt.
  • Thndr, an Egypt based startup, is now poised to formally launch operation after securing the first new brokerage license granted in the country in over a decade. The startup closed its pre-seed round last December, with investors including Y-Combinator, 4DX Ventures, Endure Capital, The Raba Partnership, and MSA Capital. The startup has just acquired the necessary licensing from the Financial Regulatory Authority (FRA), making it the first company to acquire a brokerage license in Egypt since 2008.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Thndr opened shop after getting the brokerage license, and the goal is to solve egypt's old and not efficient processes of investing in bonds and stocks.
mehdi-ezzaoui

https://ajmjournal.com/HTML_Papers/Asian Journal of Management__PID__2019-10-3-16.html - 1 views

ajmjournal.com/...gement__PID__2019-10-3-16.html

mobile MTN banking

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • Anlesinya et al (2014)16 examined whether corporate social responsibility has significant positive effect on the financial performance of MTN Ghana Limited. The study administered questionnaire on 35 management staff of MTN Ghana Limited, employed standard multiple regression and hierarchical multiple regression for the analysis. The research results showed that CSR at the aggregate level did not have significant positive effect on financial performance but community CSR has a positive while environmental CSR has negative effect on financial performance of MTN Ghana Limited. The study however has left key performance indicators of MTN Ghana unexplored lending support for a more comprehensive study in that regard. Vadiraj and Narahari (2014)1 attempted to develop a model that could predict the future trends of average revenue per user (ARPU) so that telecom service providers could formulate a strategy to increase their ARPU. The study using a multiple linear regression has been able to explain that subscriber base; number of operators and percentage of new users added periodically are the main determinants of average revenue per user (ARPU). Rahul and Xue (2012)17 attempted to examine the relationship between some selected factors and their contribution to the revenue of the Telecom industries in China and India. Using time series data collected from secondary sources from 2000 to 2010 on number of subscribers, technology innovation, and government regulation and policies, their granger causality test found no causality running from number of subscribers to the revenue of the telecom Industry in both China and India. They however found a causality running from technological innovation to the revenue of the Telecom Industries in both countries. Shmelev (2013)18 developed a model for calculating Telecom Company’s revenue and margin indicators. The study crafted the model for calculating the revenue of Telecom companies based on the Business Metric Framework (BMF) developed by the TeleManagement Forum, a global non-profit association for service providers in the Telecommunication sector. Examining the relationship between the two categories of KPIs in the BMF, the study concluded that it is possible to  create a function depending on the target KPIs lower levels, to calculate the final financial indicator at given rates and obtain a performance management  tool based on key performance indicators.  
  • mehdi-ezzaoui on 13 Feb 21
     
    Effects of KPI's company on MTN Ghana Ltd's financial results. MTN database with a variety of data was equipped with time series data on commercial KPIs
omarlahmidi

The Snapscan effect: how mobile payments made QR codes relevant in South Africa - Memeburn - 3 views

memeburn.com/...codes-relevant-in-south-africa

shared by omarlahmidi on 11 Feb 21 - No Cached
  • “Mobile payment systems are quickly becoming mainstream, and it will be fascinating to see how the more mechanical systems like QR Codes compete,” says World Wide Worx managing director Arthur Goldstuck. “Ideally, there should be room for any system, with each one finding its ideal niche. But there are no certainties in a sector that is moving so fast.”
  • According to new research from technology research company World Wide Worx, the format first took off in the country thanks to BlackBerry Messenger, where it became the quickest way to add a friend. In the past year however gained new life as mobile apps like SnapScan roped it in for payments at small merchants, flea markets and the like. By the end of 2014, the research says, more than 2.1-million South Africans were using QR Codes. Of those 1.1-million were male, with female users only marginally behind, at 1.04-million.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      It is not always simple to develop a new concept. The article showed that applications for QR codes were struggling at first, but I believe that in order to offer a new efficient service, you have to work on your concept and develop it, and SnapScan did an excellent job with that.
  • ability to provide speedy payments without the need for the large-scale tech investments required by the payment technologies emerging in more developed areas of the world.
  • ...4 more annotations...
  • According to the research, QR Code usage is strongly age-related, with 673 000 users in the peak age group of 25-34. In contrast, the 15-24 segment amounts to only 471 000, while 494 000 are aged from 35 to 44. A similar number (425 000) makes up the 45-65 age group. Usage drops significantly with retirement age: the 65+ age group comprises 88 000 users. One possible reason for QR code mobile payment solutions such as Snapscan, Zappa, and FlickPay being so popular in South Africa is their ability to provide speedy payments without the need for the large-scale tech investments required by the payment technologies emerging in more developed areas of the world. This is especially the case with Snapscan, which supplies its merchants with a point of sale QR code and a basic mobile phone to track payments. This has allowed it, for instance, to be rolled out as parking payment method in Cape Town’s congested CBD.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      Mobile payment systems are becoming popular quickly and the more mechanical systems like QR codes are successful it will be interesting to see. Ideally, I believe that every system should be able to find its ideal niche. But in a market that is evolving so rapidly, there are no certainties.
  • Flash back a few years and things weren’t looking great for QR codes.
  • Over the last year however, that’s changed in South Africa, largely thanks to mobile payment apps like SnapScan.
  • According to new research from technology research company World Wide Worx, the format first took off in the country thanks to BlackBerry Messenger, where it became the quickest way to add a friend. In the past year however gained new life as mobile apps like SnapScan roped it in for payments at small merchants, flea markets and the like.
    • omarlahmidi
      omarlahmidi on 13 Feb 21
       
      SnapScan is a mobile payment that changed South Africa
  • hichamachir on 11 Feb 21
     
    Creating a new idea is not always easy. The article showed that QR codes apps were struggling at first but I do believe that you have to work on your idea and improve it in order to deliver a new efficient service and SnapScan did an amazing job with that.
  • hindelquarrouti on 13 Feb 21
     
    SnapScan made a good move in introducing Fintech to developing countries through using QR codes as they don't necessarily require large-scale tech investments that are used in developed area.
  • chaimaa-rachid on 13 Feb 21
     
    In the article, we notice that QR codes struggled at first, but in the end, they did a good job in developing and making their platform better and attractive.
1 - 20 of 34 Next ›
Showing 20▼ items per page