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nouhaila_zaki

EthioPay | Welcome - 0 views

  • Ethiopay operates a flexible, tightly regulated, global payout platform. This enables you to automate your user payments flow, pay less for your transactions, access flexible online reports, guarantee the integrity of all your payment traffic, ensure your payments go through as planned….the list goes on.
    • sawsanenn
       
      Ethiopay is a centralized global payout platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between anywhere around the world and Ethiopia. Ethiopay is an emerging FinTech solution to address the social and economic gaps left by established payment solutions.
  • Ethiopay operates a flexible, tightly regulated, global payout platform. This enables you to automate your user payments flow, pay less for your transactions, access flexible online reports, guarantee the integrity of all your payment traffic, ensure your payments go through as planned….the list goes on.
  • Paying utility and school fees is an important way of empowering your loved ones back home. Whether you are in North America or Europe, Ethiopay offers an easy and reliable way to do this. In addition, you can opt to set up scheduled payments so the payments are made at the beginning of each school term or any other time frame your choose.
    • sawsanenn
       
      Ethiopay encourages students to believe and start work with e-payments platforms, and we can see that they are making it so easy for everybody which encourage all Ethiopians to switch to digital platforms and trust them.
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  • While other platforms are a one-size-fits-all, Ethiopay isn’t. We support the unique payment needs of Ethiopians including payments for school fees, telecom, utility bills and other needs that are close to your heart. Our vision is a future where Ethiopians in the the diaspora touch the lives of those back home through easy, secure and seamless payments. To achieve this, we are on a mission to build the most reliable payments platform serving Ethiopians in the world. We want to make it so easy for you to send money home that your loved ones will feel as though you were right there with them.
    • nouhaila_zaki
       
      This excerpt is important because it introduces the mission statement and vision of Ethiopia. The mission of the company is to ensure the most reliable payments platform for Ethiopians around the world. The vision, on the other hand, is a future where Ethiopian diaspora can help their families back home through easy, secure and seemless payments ensured by Ethiopay.
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    "We support the unique payment needs of Ethiopians including payments for school fees, telecom, utility bills and other needs that are close to your heart. O"
omarlahmidi

What SnapScan can do for South African retail businesses - 1 views

  • The overall benefits for businesses and customers include: Safety and security: Customers can pay via their mobile phone and retailers can rest assured knowing that extensive security measures are in place. Speed: It’s fast, as customers simply need to scan the display code at a till point. Convenience: There is no need to carry cash around and paying via SnapScan offers a frictionless experience. Cashless: As customers won’t be using cash, it is easier for businesses to authenticate and formalise transactions. SnapScan is a mobile payments solution with a variety of payment options available for retailers.
  • The overall benefits for businesses and customers include: Safety and security: Customers can pay via their mobile phone and retailers can rest assured knowing that extensive security measures are in place. Speed: It’s fast, as customers simply need to scan the display code at a till point. Convenience: There is no need to carry cash around and paying via SnapScan offers a frictionless experience. Cashless: As customers won’t be using cash, it is easier for businesses to authenticate and formalise transactions. SnapScan is a mobile payments solution with a variety of payment options available for retailers.
    • samielbaqqali
       
      I like the concept of defining SnapScan as a solution for companies looking for a service that is quick and good.
  • SnapScan offers quick, easy, and secure mobile payment solutions to retailers so their customers can enjoy the convenience of paying on the fly. Mobile payments can also mean that staff spend less time processing payments, as SnapScan can be integrated with a variety of leading point-of-sale systems. Businesses that offer delivery services can give their drivers a lanyard with a SnapCode (unique QR code) so customers can pay for goods or services during delivery. Retailers that have an online store can use SnapScan to offer a streamlined and consistent experience to their customers across multiple platforms.
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  • Evolving checkout processes are one of the fastest growing trends in the retail space, as users are demanding better and more flexible shopping experiences and payment processes. Because of this, cashless payments and omnichannel options are becoming the norm, putting forward the business case for mobile payments, as they provide customers with a consistent experience. In fact, retailers that are reconfiguring their systems to accommodate increasing mobile customers – who expect multichannel options which support quick and secure digital payments – are more likely to see a boost in sales and growth.
    • mbellakbail69
       
      SnapScan provides retailers with fast, simple, and safe mobile payment solutions so that their customers can easily enjoy floating payments. Mobile purchases can also result in less workload for workers, as SnapScan can be incorporated into a number of leading points of sale systems.
    • omarlahmidi
       
      With the development of the world, digital solutions must be implemented in order to improve shopping experiences for customers
  • SnapScan offers quick, easy, and secure mobile payment solutions to retailers so their customers can enjoy the convenience of paying on the fly.
  • Evolving checkout processes are one of the fastest growing trends in the retail space, as users are demanding better and more flexible shopping experiences and payment processes.
  • Today every industry, but especially the retail industry, is experiencing pressure to implement digital solutions in order to remain competitive.
  • Evolving checkout processes are one of the fastest growing trends in the retail space, as users are demanding better and more flexible shopping experiences and payment processes.
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    I like the idea of identifying SnapScan as a solution for businesses that are looking for a fast and good service. The business delivers a safe, good and fast service which make it a very useful service. SnapScan is another example that shows Fintech improves our life.
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    I love how Snapscan is constantly creating and innovating to furnish its clients with security and speed while making their mobile payments.
hindelquarrouti

The launch of MasterCard Bill Pay services in cooperation with Fawry | Al Bawaba - 0 views

  • For the first time in Egypt, MasterCard Worldwide has teamed up with Fawry, the nationwide Electronic Bill Payment and Presentment (EBPP) network, to launch MasterCard Bill Pay services to enable MasterCard cardholders to use their cards for bill payments and mobile top-up via Fawry’s retail network. MasterCard cardholders can now settle their Internet, mobile and fixed line bills and also utilize the top-up payment services through Fawry-MasterCard enabled retail locations across Egypt.
  • For the first time in Egypt, MasterCard Worldwide has teamed up with Fawry, the nationwide Electronic Bill Payment and Presentment (EBPP) network, to launch MasterCard Bill Pay services to enable MasterCard cardholders to use their cards for bill payments and mobile top-up via Fawry’s retail network. MasterCard cardholders can now settle their Internet, mobile and fixed line bills and also utilize the top-up payment services through Fawry-MasterCard enabled retail locations across Egypt.
  • For the first time in Egypt, MasterCard Worldwide has teamed up with Fawry, the nationwide Electronic Bill Payment and Presentment (EBPP) network, to launch MasterCard Bill Pay services to enable MasterCard cardholders to use their cards for bill payments and mobile top-up via Fawry’s retail network. MasterCard cardholders can now settle their Internet, mobile and fixed line bills and also utilize the top-up payment services through Fawry-MasterCard enabled retail locations across Egypt.
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  • This is the first time the service has been introduced in Egypt and MasterCard cardholders will be the first to enjoy this fast, easy, secure and convenient bill payment channel. MasterCard and Fawry opted to launch this service in Egypt as a key market in the Middle East and Africa regions.
    • samielbaqqali
       
      MasterCard is committed to offering creative transaction solutions for the Egyptian industry, which is continuously evolving electronic installments. MasterCard replied to the needs of Egyptian consumers, who are continually progressing and need to make their regular payments with more adaptable and safe payment options.
  • Recognizing the need to continue providing our customers with innovative payment options, we worked closely with MasterCard to offer cardholders a new and convenient method for bill payments,” said Ashraf Sabry, CEO, Fawry
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    MasterCard is devoted to delivering innovative transaction solutions for the Egyptian market where electronic installments are continually developing. MasterCard tended to the necessities of Egyptian customers, who are consistently progressing and require more adaptable and secure payment choices to make their everyday installments.
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    It is remarkable how a company like Fawry, that started in a market with a considerable number of unbanked people, and sceptical people regarding online financial payments, made it to a partnership with MasterCard.
omarlahmidi

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

  • “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
       
      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.
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  • 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
       
      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
       
      SnapScan is a mobile payment that changed South Africa
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    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.
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    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.
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    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.
mehdibella

News - SU first university in SA to go cashless... - 0 views

  • ​​Stellenbosch University (SU) is the first university in South Africa to make use of the SnapScan in-app payment solutions for payments on its campuses, so that students no longer have to carry cash with them for certain payments.
  • SnapScap is a mobile application that enables cashless payments. Initially two of SnapScan's in-app payment mechanisms will be available for students to do bill payments for their student fees, as well as for pre-paid internet and printer credits. These payments previously had to be made (in cash or with card) at the University's cashiers in the central administration building
    • samiatazi
       
      I think, it is an outstanding idea to integrate this mobile payment app to SU financial system. likewise, this implementation will be beneficial for other institutions such as AUI because we as students struggles sometimes to pay when we forget carrying our cash-wallet, especially that it is the only payment instrument. I addition, we will have more control over our money in terms of choosing to spend it inside or outside the University.
  • Apart from SnapScan in-app payments, students also have an online option on the SU's website where they have the options of pre-paids (for internet, meals, washing, printing credits and rides) and bill payments (for student fees).
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  • SU is one of more than 50 000 merchants and vendors in South Africa to embrace the SnapScan technology. SnapScan integrates with the University's financial systems to ensure that less cash is in circulation on its campuses. 
  • ​​Stellenbosch University (SU) is the first university in South Africa to make use of the SnapScan in-app payment solutions for payments on its campuses, so that students no longer have to carry cash with them for certain payments.
  • “The University is constantly renewing itself by adopting smart technology to create a better, simpler and safer environment for students and the broader campus community,"
  • SU is one of more than 50 000 merchants and vendors in South Africa to embrace the SnapScan technology. SnapScan integrates with the University's financial systems to ensure that less cash is in circulation on its campuses.
  • Using the SnapScan app is quick and effortless. It is free to use, and just requires data or wifi. Students need to download the SnapScan app to their smart phones from their app store and complete a quick registration process to add their card details. Thereafter
    • mehdibella
       
      I think, it is an outstanding idea to integrate this mobile payment app to SU financial system. likewise, this implementation will be beneficial for other institutions such as AUI because we as students struggles sometimes to pay when we forget carrying our cash-wallet, especially that it is the only payment instrument. I addition, we will have more control over our money in terms of choosing to spend it inside or outside the University.
sawsanenn

Fintech Collaboration: SystemSpecs, Paga Partner to Boost Digital Payments - SystemSpec... - 0 views

  • According to Ezinne Obikile, SystemSpecs Executive Director, Infrastructure and Payments Gateway; “SystemSpecs is committed to driving financial inclusion and providing payment convenience to all, which underscores this strategic partnership with Paga to extend a wide range of financial solutions and services to customers everywhere, even at a time as this.”
    • ghtazi
       
      Paga and SystemSpecs want to have a partnership so both companies can extend a wide range of financial solutions and services to customers everywhere.
  • Also commenting, Jay Alabraba, Co-founder and Director of Business Development, Paga said: “In our commitment to make payments easier for all Nigerians and businesses, we are pleased to collaborate with SystemSpecs. Our goal is to always provide an improved experience to our customers everywhere, by leveraging digital technology. This collaboration would further help us meet the needs of individuals who seek to make various bill payments, including those in emerging markets.”
    • ghtazi
       
      Paga wants to make payments easier for all Nigerians and businesses. and with Paga's collaboration with SystemSpecs, they will facilitate it even more.
  • SystemSpecs, Nigeria’s leading fintech company and providers of Remita, and Paga, the foremost mobile money service providers in the country have partnered to extend the frontiers of electronic payments in Nigeria. This comes as Nigerians social distance, stay at home and remain safe in the face the Covid-19 pandemic.
    • nouhaila_zaki
       
      This excerpt introduces the partnership that occurred between SystemSpecs and Paga during the covid-19 pandemic in order to advance with electronic payments in Nigeria.
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  • The immediate impact of the collaboration on the public is the easy generation of Remita Retrieval Reference (RRR) and payments into the Federal Government’s Treasury Single Account. It would also enable payments to other Remita billers such as state governments, tertiary institutions and other organisations by Paga customers and agents directly through Paga platforms.
    • nouhaila_zaki
       
      This excerpt is important because it discusses the impact of this collaboration on the public, but also on other institutions i.e. state governments etc.
  • In a recent announcement by the organisations, the first phase of the collaboration would enable Paga customers to easily initiate and complete payment to all Remita billers and merchants right from Paga’s web channel – paga.com. Paga’s agents nationwide would also be able to process end-to-end payments to all Remita customers from their platforms. The initiative is applauded by industry enthusiasts and is expected to chart the path for deeper collaboration within the fintech ecosystem, making electronic payments more attractive and less stressful for customers irrespective of their needs and location.
    • sawsanenn
       
      this partnership can not only develop new services but also attract more customers.
aminej

EthioPay | Contact Us - 0 views

    • aminej
       
      In this article we can note that the different services that EthioPay offers are electricity bills, health Insurance, pay telecom, school fees and utility fees. We can also deduct from its name that it is located in Ethiopia and it was founded by Minas Yohannes and Daniel Hadgu in 2018.Also, their customer target are any Ethiopian who have a smartphone and wants to use it to pay their bills in a convenient way mostly households and students.
  • Send payments back home in an easy and secure way. Taking care of your loved ones back home does not need to be complicated. EthioPay makes it easy to send money without having to worry whether the money will reach your loved ones. Our secure platform uses bank-grade encryption meaning when you send money, your loved ones are guaranteed to receive it. You also never have to worry about your payment methods being compromised. Use our one-time payment system or set an ongoing schedule. We know that sending money home depends on multiple factors. Sometimes you will want to send a one-time amount, other times you will want recurrent payments. Ethiopay caters for both instances by offering you flexible payment options that you can adjust to your needs. This helps you ensure that you never miss a payment when it's needed. Avoid the headaches of keeping track of payments. You want to keep track of payments you make for your personal records. This can be a challenge when using other platforms. The Ethiopay User Account Dashboard offers a unified and detailed view of all the transactions you have made on the platform. Each entry shows the date and time stamp, amount, recipient and transaction status of every payment made. Pay education & utility bills back home with Ethiopay Paying utility and school fees is an important way of empowering your loved ones back home. Whether you are in North America or Europe, Ethiopay offers an easy and reliable way to do this. In addition, you can opt to set up scheduled payments so the payments are made at the beginning of each school term or any other time frame your choose.
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    This can help in : Improving security in payments. Encouraging more people to use digital money since it is safer mostly in countries where there is high level of crime. People now use their phone more than anything so it would facilitate many task for people (innovative)
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    During the Covid lockdown, we became aware of the need for such a platform. Having the possibility to send money back to your country to help your family in a secure way just by using your phone is amazing. The different security features that EthioPay offers to its customers are crucial in our time where cybercrimes keep on growing.
mbellakbail69

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

  • 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
       
      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
       
      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.
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  • 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
       
      All the same, Fawry's surging stock price may encourage further investment in Egypt's e-payment sector.
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    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.
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    "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."
mehdibella

mobile money made easy by new South African startup | Time - 4 views

  • A free app available for any smartphone, SnapScan works almost like a pocket ATM linked to the user’s debit or credit card account. Instead of handing over a card, customers scan a unique SnapScan logo posted at the cash register with their camera-enabled phone. They enter the amount, type in a pin code (or use touch ID) and a few seconds later the vendor’s phone chimes with a confirmation sent by SMS. It’s quick, painless, and entirely safe, says Ehlers. SnapScan is backed by Standard Bank, one of South Africa’s biggest banks, and uses cutting-edge fraud protection technology. More to the point, he notes, it means that vendors never have access to actual credit card details. “That means no one is noting down your number so he can go shopping later,” says Ehlers.
  • It’s been so long since 30-year-old Cape Town entrepreneur Kobus Ehlers last used his wallet that he’s not even sure where it is. “My car maybe?” he says as he reflexively scans the cheerfully decorated offices of his startup, SnapScan. When it’s pointed out that leaving a wallet in a car in a city infamous for break-ins and carjackings may not be a good idea, he shrugs. He probably doesn’t even have the equivalent of five dollars in it, he says. “I never use cash. Credit cards are over. There are much better ways to pay for things.”As the co-founder of one of South Africa’s most successful electronic payments apps, Ehlers is of course expected to use his own product. But the real reason he isn’t worried about his wallet is because Cape Town is a city seduced by the idea of cashless and cardless transactions, in no small part because of his company’s success. “You can literally wake up in the morning, buy a cup of coffee, go to your dentist, have lunch, pay your bills, take a taxi, go out for dinner, and donate to your favorite cause without using cash or a card,” says Ehlers. “And in none of that is there any risk of your card details getting stolen, or you getting mugged for your cash.”
    • samielbaqqali
       
      SnapScan is an example of Fintech's performance. I assume, however, that these kinds of creative companies need to be sponsored by strong organizations. SnapScan is backed by Standard bank and this bank is powerful financial institution in South Africa. So I think that in order to develop their offerings, Fintechs should use the financial power of banks.
  • It’s been so long since 30-year-old Cape Town entrepreneur Kobus Ehlers last used his wallet that he’s not even sure where it is. “My car maybe?” he says as he reflexively scans the cheerfully decorated offices of his startup, SnapScan. When it’s pointed out that leaving a wallet in a car in a city infamous for break-ins and carjackings may not be a good idea, he shrugs. He probably doesn’t even have the equivalent of five dollars in it, he says. “I never use cash. Credit cards are over. There are much better ways to pay for things.”As the co-founder of one of South Africa’s most successful electronic payments apps, Ehlers is of course expected to use his own product. But the real reason he isn’t worried about his wallet is because Cape Town is a city seduced by the idea of cashless and cardless transactions, in no small part because of his company’s success. “You can literally wake up in the morning, buy a cup of coffee, go to your dentist, have lunch, pay your bills, take a taxi, go out for dinner, and donate to your favorite cause without using cash or a card,” says Ehlers. “And in none of that is there any risk of your card details getting stolen, or you getting mugged for your cash.”
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  • SnapScan may make mobile payments easy for users, says Ehlers, but the reason why the company has been so successful in South Africa is that it makes processing the payments easy—and cheap—for sellers. With traditional credit card systems, and even Apple Pay, vendors have to buy expensive equipment to process the payments—something small businesses can rarely afford. But SnapScan only requires an upfront investment of the less than five cents it costs to print out their Quick Response [QR] Code, a square, camera-readable version of a traditional bar code that resembles a mosaic tile, and tape it to the cash register. “If someone wants to buy from you and you don’t have a credit card machine, and the person doesn’t have cash, our payment system is the difference between closing the sale and not closing the sale,” says Ehlers. Registration is free, and the company charges retailers an average fee of three percent, on par with most credit card companies.
    • samiatazi
       
      Snapscan is very useful for Startups and vendors willing to switch and rely on the digital transformation due to both its low cost and effectiveness. additionally, the platform is practical for cashless consumers.
  • It was that question, of how to bring small businesses that couldn’t afford traditional credit processing facilities into an increasingly cashless environment that inspired Ehlers and his co-founders to develop SnapScan. Like many Cape Townians, Ehlers was a fan of the Big Issue, a South African spinoff of a British charity that prints high quality magazines for homeless men and women to sell at a profit in order to work their way off the streets. Most of the vendors ply traffic backed up at intersections for sales. But because of the risk of carjackings, which have nearly doubled in the greater Cape Town area over the past two years, to 1530 reported incidents, few motorists keep cash on hand. “People stopped buying the magazines,” says Ehlers. “A Big Issue vendor comes up and says ‘do you want to buy a magazine,’ and you say ‘I do, but I don’t have cash with me.’ That was a problem we realized we could solve very easily.”
    • samiatazi
       
      I, personally, think that the best business ideas are the ones solving current issues faced by customers because it would be easier to promote and sell a product to an already existing market. This article points out that the business idea of Snapscan arrised from a simple discussion between a magazine seller and a cashless buyer, now it is one of the biggest Fintechs in Africa. indeed, We should believe in our potential to change others' life.
  • SnapScan customers don’t have to worry about sending their credit card details to online vendors that may not have the latest fraud protection. They just scan the QR code at the virtual checkout like they would in the real world.
  • As a result, SnapScan has been adopted by about 12,000 small and medium businesses in more than 17,000 outlets across South Africa.
  • SnapScan has 150,000 registered users, and processes hundreds of thousands of dollars in payments every day for everything from airline tickets to handcrafted wicker baskets at roadside curio stalls.
    • mehdibella
       
      I am very proud to hear that the African continent is not only following the mobile payments trend and development, but it is also joining as a leader in the space !
  • A free app available for any smartphone, SnapScan works almost like a pocket ATM linked to the user’s debit or credit card account. Instead of handing over a card, customers scan a unique SnapScan logo posted at the cash register with their camera-enabled phone.
  • SnapScan may make mobile payments easy for users, says Ehlers, but the reason why the company has been so successful in South Africa is that it makes processing the payments easy—and cheap—for sellers.
  • For all the talk of a new cashless society ushered in by the likes of Apple Pay in the United States, it’s going to be a while before a swipe of a phone will buy a meal in most cities. But in Cape Town, it’s already happening. I’ve used my phone to pay for parking, cover a medical bill, order take out, buy groceries at my local farmers market and give money to the homeless woman selling the South African version of Street News at the traffic light. Churchgoers use their phones for donations. My facialist just informed me that I could pay for Botox treatments with SnapScan. I’ll take that as her endorsement of an increasingly popular payment service, and not a hint.
    • ayoubb
       
      Snapscan
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    SnapScan is an example of the efficiency of fintechs. However, I believe that these kind of innovative businesses need to be backed by strong institutions. SnapScan is backed by Standard bank and this bank is strong financial institution in South Africa. So I think that fintechs can use the financial power of banks in order to improve their services.
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    I believe that by being easy to use and fast, Snapscan found success. However, what encourages customers to use it even more is its cheap cost.
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    The fact that the company provides an easy-to-use and fast service inspires people to use it.
mohammed_ab

Egypt calls for financial inclusions - Wamda - 1 views

  • 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
       
      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
       
      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.
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  • 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.
  •  
    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.
tahaemsd

SnapScan is a ZA based company founded in 2013 - 2 views

  • SnapScan is a mobile payments app, providing South Africans with the most convenient way to pay with their phones. The app was named MTN App of the Year in 2013, and now boasts a network of over 50 000 merchants nationwide, with one million app downloads to date. SnapScan is an easy, affordable and convenient way for merchants to accept payments; as well as a safe, secure and seamless payment option for users. SnapScan combines the agility and speed of a small local startup with the industry knowledge and experience of Standard Bank, Africas biggest bank. As a team, we love solving difficult problems, especially when it comes to making fast, easy mobile payments possible!SnapScan is a product of FireID Payments, part of the FireID group, a set of local startups building elegant solutions to a wide range of difficult and interesting problems.
  • SnapScan combines the agility and speed of a small local startup with the industry knowledge and experience of Standard Bank, Africas biggest bank. As a team, we love solving difficult problems, especially when it comes to making fast, easy mobile payments possible!SnapScan is a product of FireID Payments, part of the FireID group, a set of local startups building elegant solutions to a wide range of difficult and interesting problems.
  • The app was named MTN App of the Year in 2013, and now boasts a network of over 50 000 merchants nationwide, with one million app downloads to date.
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  • SnapScan is a mobile payments app, providing South Africans with the most convenient way to pay with their phones.
  • MEDICI Analysis Snap Scan was acquired by Standard bank in Dec 2016. It is a product of Firepay which provides a mobile wallet that allows customers to link their cards or load money in their mobile app and pay at the merchants' site by scanning QR code. The app make it an easy, affordable and convenient way for merchants to accept payments and a safe, secure and convenient payment method for users.
    • tahaemsd
       
      mobile wallet that allows customers to link their cards or load money in their mobile app
  •  
    SnapScan solved a big problem in South Africa but can they solve other future problems? They need to find other problems, so their product doesn't get old.
  •  
    Other issues need to be detected by SnapScan, so their product doesn't get outdated.
  •  
    It is interesting the inclusion that Snapscan has created, and how it has combined speed and safety with the knowledge and experience of Standard Bank.
ayoubb

SmartelMoney | About Us - 2 views

shared by ayoubb on 07 Feb 21 - No Cached
  • Smartel Money Ltd is company that is rooted in the Kingdom of Lesotho. The aim and focus of Smartel money is to provide mobile payment services, savings & credit and monetary transfers and serve thus as an alternative to traditional banking systems. We aim to provide to individuals, institutions, organizations, multi-industry sectors and governments with the cutting edge, fresh and innovative financial management system in this ever changing world. We also aim to improve the quality of cloud computing (payment as a service) and interaction between computers and people to achieve their payment processes.
    • kenza_abdelhaq
       
      Smartel Money Ltd provides a range of financial services (mobile payments,savings, lending, transfers) for different customer segments including banked and unbanked individuals and societies. It mainly uses cloud computing and the use of computers for payment processes.
  • Smartel Money Ltd is company that is rooted in the Kingdom of Lesotho. The aim and focus of Smartel money is to provide mobile payment services, savings & credit and monetary transfers and serve thus as an alternative to traditional banking systems.
    • aminej
       
      Smartel Money is a very competitive application in the market when it comes to E-payments services and many other products thanks to the very low costs and convenience in using the platform. They will also connect people in rural areas to different part of the continent and even the world in order to get access to funding and credit
  • Smartel Money Ltd is company that is rooted in the Kingdom of Lesotho. The aim and focus of Smartel money is to provide mobile payment services, savings & credit and monetary transfers and serve thus as an alternative to traditional banking systems. We aim to provide to individuals, institutions, organizations, multi-industry sectors and governments with the cutting edge, fresh and innovative financial management system in this ever changing world. We also aim to improve the quality of cloud computing (payment as a service) and interaction between computers and people to achieve their payment processes. Smartel Money customer base comprises banked and unbanked people and societies, insurance, retail grocery, retail clothing, retail cell phone services, utility services etc.
    • tahaemsd
       
      The core element of Smartel Money is to provide a simple and reliable payment system and provide credit to the customer base whilst in that regard providing competitive prices around the clock.
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  • SmartelMoney | About Us
    • ayoubb
       
      Smartel Money LTD
  • SmartelMoney | About Us
    • ayoubb
       
      Smartel Money LTD
  •  
    There are 5 reasons why this company is being used: Low cost lowest rates in the country, cheaper than internet banking and even cheaper than mobile money. they have kept fees as low as possible - they are the most affordable option on the market. Easy To use you get to use the platform that you are most comfortable with, app, USSD codes, or internet, no need to cram codes that run forever if it doesn't work for you. It's Convinient YOU CAN DO IT ANYTIME ANYWHERE Use My Wallet anytime anywhere for anything, money transfers, bills, airtime, groceries, fuel. See, easy! It's safe When you use my Wallet Services, you are not bound to any carrier, you can even use it without any carrier, bring your ID or passport. Secure Uses accredited national banking security and standards to protect your money whether you are transacting or not.
mehdibella

WooCommerce SnapScan Gateway - WooCommerce - 0 views

  • Key Features Fast and easy signup Simple integration Customers need not re-enter card details Customers scan on a desktop or click to pay on a mobile device Responsive and mobile friendly Payment happens onsite with a trusted mobile payment provider! Why choose SnapScan?SnapScan is the preferred way for South Africans to pay with their phones.You may know the app from your favorite weekend market or local coffee shop, but SnapScan also provides payment solutions for larger merchants. From payments and invoicing for Pathcare laboratories to online checkout for big brands like Superbalist, Spree and Wellness Warehouse, we have expanded rapidly, and our flat rate of 3% (incl. VAT) per transaction is highly competitive.How do I start using SnapScan?To get started with SnapScan, you need a merchant account. No mountains of paperwork! Just mail help@snapscan.co.za and we set you up in no time. The sign-up process takes 10 minutes maximum, then we send you all the information you need.Once a customer has paid, their order is automatically completed and the website updates. As a merchant, your order list displays confirmation of the SnapScan payment, and you can begin the delivery process.
    • samiatazi
       
      I find that SnapScan is very useful as it provides its customers with an easy navigation platform, security, and a 10 min max sign-up process, in addition to many key features. Furthermore, This mobile payment app serves not only small startups and vendors but also larger merchants.
  • SnapScan allows South African customers to check out quicker and more securely with a scan or tap via card details stored on their phone. Customers spend less time in checkout, and more time shopping!
    • kenzabenessalah
       
      SnapScan create efficiency, security, and effectiveness with its QR code method. Since South Africa has a large population, these applications are essential to minimize physical contact.
  • SnapScan Online Checkout
  • ...3 more annotations...
  • SnapScan is the preferred way for South Africans to pay with their phones.
  • Key Features Fast and easy signup Simple integration Customers need not re-enter card details Customers scan on a desktop or click to pay on a mobile device Responsive and mobile friendly Payment happens onsite with a trusted mobile payment provider!
    • mehdibella
       
      Thanks to SnapScan carrying a mobile phone is equivalent to carrying a digital wallet for e-payments and transactions. Most importantly, customers like this app for being free, safe, easy and convenient simultaneously.
  • From payments and invoicing for Pathcare laboratories to online checkout for big brands like Superbalist, Spree and Wellness Warehouse, we have expanded rapidly, and our flat rate of 3% (incl. VAT) per transaction is highly competitive.
    • kenza_abdelhaq
       
      SnapScan has a competitive flat rate on each transaction of 3% including VAT.
hindelquarrouti

SnapScan: Mobile payment solutions provider in South Africa - 1 views

  • SnapScan is more than just a smartphone app. It’s a contactless mobile payment solution that makes it easy and safe to pay and receive payments in a store, online, at home, and on the go. No need for cards, cash, or time-consuming EFTs – just simple payments in a snap!
    • sawsanenn
       
      snapscan allows its users easily get access to its services, even illiterate customers. plus, they gain customers trust.
  • SnapScan is more than just a smartphone app. It’s a contactless mobile payment solution that makes it easy and safe to pay and receive payments in a store, online, at home, and on the go. No need for cards, cash, or time-consuming EFTs – just simple payments in a snap!
    • aminej
       
      SnapScan offers an innovative services that is used by more than 60.000 merchants worldwide. It was created in South Africa where level of crimes are very high. People avoid using cash or cards since they are confronted to theft situation very often.
  • SnapScan is more than just a smartphone app. It’s a contactless mobile payment solution that makes it easy and safe to pay and receive payments in a store, online, at home, and on the go. No need for cards, cash, or time-consuming EFTs
  •  
    Snapsscan focuses in being an innovative fast and easy to use platform in order to attract customers. It targets its customer by showing them that a simple app would do the work that normally is time consuming and requires cards. It is a very good aspect to focus on in the fintech industry
nouhaila_zaki

M-Pesa - 2 views

  • One of the drives for Fintech innovations, like M-Pesa, is financial inclusion, which is mostly geared toward an underbanked or unbanked group of people.
    • nouhaila_zaki
       
      Financial inclusion is a main priority of M-Pesa.
  • M-Pesa is a virtual banking system that provides transaction services through a SIM card. Once the SIM has been inserted into the card slot of the mobile device, users can make payments and transfer money to vendors and family members with SMS messages. Users with no bank accounts can access the numerous M-Pesa outlets distributed across the country. The money that needs to be stored is given to the kiosk attendant, who transfers the amount in digital form to the user’s M-Pesa’s account. Cash collected from M-Pesa is deposited in bank accounts held by Safaricom. The bank accounts serve as regular checking accounts and are insured up to a maximum of 100,000 shillings (or $1000) by the Deposit Protection Fund. M-Pesa provides receipts as proof of transaction. For a transaction to take place, both parties have to exchange each other’s phone numbers because the phone numbers act as account numbers. After settlement, both parties receive an SMS notification with the full name of the counterparty and the amount of funds deposited or withdrawn from the user’s account. The mobile receipt, which is received within seconds, helps to promote transparency for all individuals involved in a transaction.
    • nouhaila_zaki
       
      This excerpt is important because it explains how this mobile banking service operates. 1. Payments are made through SMS messages. 2. Cash collected by M-Pesa is deposited in bank accounts held by Safaricom. 3. Phone numbers act as account numbers. 4. M-Pesa provides receipts as proof of transaction.
  • M-Pesa is a virtual banking system that provides transaction services through a SIM card. Once the SIM has been inserted into the card slot of the mobile device, users can make payments and transfer money to vendors and family members with SMS messages. Users with no bank accounts can access the numerous M-Pesa outlets distributed across the country. The money that needs to be stored is given to the kiosk attendant, who transfers the amount in digital form to the user’s M-Pesa’s account. Cash collected from M-Pesa is deposited in bank accounts held by Safaricom. The bank accounts serve as regular checking accounts and are insured up to a maximum of 100,000 shillings (or $1000) by the Deposit Protection Fund. M-Pesa provides receipts as proof of transaction. For a transaction to take place, both parties have to exchange each other’s phone numbers because the phone numbers act as account numbers. After settlement, both parties receive an SMS notification with the full name of the counterparty and the amount of funds deposited or withdrawn from the user’s account. The mobile receipt, which is received within seconds, helps to promote transparency for all individuals involved in a transaction.
    • ghtazi
       
      this article shows us how M-Pesa is a virtual system that provides transaction services through a SIM card. M-Pesa allows users to deposit, withdraw, transfer money, pay for goods and services (Lipa na M-Pesa), access credit and savings, all with a mobile device.
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  • A farmer has no bank account and wants to deposit his commodity sale proceeds of 1,000 shillings goes to an M-Pesa outlet and deposits the money with the kiosk agent or attendant. The agent, in turn, uses her phone to access the client’s account with the client’s registered phone number and credit the account for 1,000 shillings.
    • ghtazi
       
      M-Pesa target customers are anybody who has a phone.
  • M-Pesa is a mobile banking service that allows users to store and transfer money through their mobile phones. M-Pesa was introduced in Kenya as an alternative way for the population of the country to have access to financial services. Safaricom, the largest mobile phone operator in Kenya, launched M-Pesa in 2007. The service is a blend of two entities where M means mobile and Pesa means money or payment in the Swahili language.
  • Financial inclusion is an initiative that seeks to include residents who have no access to banks or who can’t afford the required minimum deposits in the digital banking era. In order for this initiative to succeed, different sectors must collaborate in sharing data with each other and build a meaningful digital platform.
    • kenzabenessalah
       
      I like how M-PESA gave opportunities for those who cannot afford to have bank accounts , an alternative to still have access to those services.
  • Through mobile payment services like M-Pesa, the standard of living in Kenya has improved greatly. Market traders, debt collectors, farmers, and cab drivers don’t need to carry around or transact in a large amount of cash. This means that the occurrence of theft, robbery, and fraud is reduced. Also, individuals and business owners don’t have to wait in long lines for hours to make their electricity and water bill payments because these can be made using M-Pesa.
    • samielbaqqali
       
      The mobile payment industry was revolutionized by M-Pesa. The value of this business in the financial industry is demonstrated by the fact that the term M-Pesa has a financial significance. I believe that by using digitalisation in a way that can benefit people and solve their problems, M-Pesa has gained its impact.
  • To combat fraud, Safaricom mandates that users of a Safaricom SIM card who want to register for M-Pesa have to do so with a valid government ID such as the Kenyan national identification card or a passport. This way, each transaction is marked with the identification of the party transferring, paying, depositing, or withdrawing money from an account.
    • ghtazi
       
      to combat fraud they use either a sim card, ID card, or passport. in this way every transaction made will be marked with identifications of the parties transferring money, paying or whatever action it was made.
  • To combat fraud, Safaricom mandates that users of a Safaricom SIM card who want to register for M-Pesa have to do so with a valid government ID such as the Kenyan national identification card or a passport. This way, each transaction is marked with the identification of the party transferring, paying, depositing, or withdrawing money from an account.
  • M-Pesa is one of the innovative tools that have been birthed from the collaboration of telecommunication and banking sectors in East Africa.M-Pesa began in Kenya and is being utilized in 10 countries, including India and Romania. Emergent technology in the financial sector, or Fintech, has made it possible for financial services and products, like M-Pesa, to be more accessible at small costs.M-Pesa makes it possible for unbanked people to pay for and receive goods and services using a mobile phone instead of utilizing a brick-and-mortar bank.
    • nourserghini
       
      this article explains that M-pesa is a virtual banking platform that gives the opportunity for unbanked or underbanked individuals to conduct transactions through a SIM card.
  • This cross-communication tactic used by M-Pesa is developing rapidly in sub-Saharan Africa, where the telecommunication and banking sectors are working together to create mobile banking services for those with limited access to traditional banking.
    • sawsanenn
       
      Mobile payment is progressively being used in emerging regions in which a large percentage of the population has little or no access to traditional banking such as Africa
  • Mobile money is increasingly being adopted in developing nations where a high percentage of the population has little or no access to traditional banking. Revolutionary services like Paga, MTN Mobile Money, Airtel Money, and Orange Money are disrupting the traditional payment systems used frequently by residents of emerging nations, by changing the economy from a cash society to a digital one.
    • nouhaila_zaki
       
      This excerpt is important because it reflects the increasing importance of mobile money i.e. as proposed by M-Pesa in developing countries.
  •  
    M-Pesa revolutionized the mobile payment industry. The fact that the word M-Pesa got a financial meaning shows the importance of this company in the financial industry. I think that M-Pesa gained its influence by using digitalization in way that can help people and solve their problems.
hindelquarrouti

Fawry changing the culture of payment in Egypt: Top management - Daily News Egypt - 1 views

  • our solution is based on high technology and based on Service Oriented Architecture (SOA) standard. We are highly available and our system is scalable as it can carry huge numbers of transactions. We are now certifying for the Payment Application Data Security Standard (PA-DSS) for security development and we’re following the standards of the Interactive Financial Exchange (IFX), ISO27001 and other different standards related to technology and security. Our solution is based on applying the latest technology, following the latest standards and being reliable. Moreover we allow easy access through more channels than competition to satisfy our customers’ needs. Also we’re covering more sectors and providing more services than our rivals.
  • Fawry is an Egyptian company that started in 2009 with the purpose of offering electronic payment services through several payment channels. The service started at banks and a big network of outlets all over the republic as well as Egypt post.
    • samielbaqqali
       
      The business aims to be creative as much as possible and to make all its offerings very realistic in order to make it simpler for its customers. Fawry cares a lot about the happiness of its customers. I believe Fawry recognizes the value of customer loyalty and how it allows an organization to retain profitability.
  • Fawry is an Egyptian company that started in 2009 with the purpose of offering electronic payment services through several payment channels. The service started at banks and a big network of outlets all over the republic as well as Egypt post.1 Now we are covering about 60 types of bills, where we cover the telecommunications sector and lately we covered all electrical companies in the country and some water companies. We also offer our services at universities and syndicates. Adding to that, users can now buy their airline tickets through us.
  • ...1 more annotation...
  • Fawry is an Egyptian company that started in 2009 with the purpose of offering electronic payment services through several payment channels. The service started at banks and a big network of outlets all over the republic as well as Egypt post. Now we are covering about 60 types of bills, where we cover the telecommunications sector and lately we covered all electrical companies in the country and some water companies. We also offer our services at universities and syndicates. Adding to that, users can now buy their airline tickets through us.
  •  
    Fawry cares a lot about the satisfaction of its customers, the company tries to be innovative as much as possible and to make all its services very practical in order to make life easier for its customers. I think Fawry knows the importance of customer satisfaction and how it helps a business maintain sustainability.
  •  
    Fawry is gaining more and more popularity in Egypt. Also, it has developped two methods of payments: 1) anonymous: in which customers can pay their bills without actually revealing their identity. 2)Account creation: in this case the customers need to create an account with Fawry; this last one makes the process much easier for the customer
omarlahmidi

Mastercard, SnapScan partnership adds 30,000 South African merchants - 0 views

  • “With Masterpass, we’re enabling consumers to make secure and simple everyday payments wherever they are and from any connected device, without needing to physically carry their bank cards with them,” says Mark Elliott, Division President, Mastercard, South Africa. “Thanks to our collaboration with SnapScan, we are pleased to offer consumers even more places to pay using Masterpass, which is now the most widely accepted digital wallet in South Africa.”Since its launch in 2013, SnapScan has grown its acceptance exponentially, especially among small businesses that traditionally did not have access to traditional Point of Sale devices and relied on cash payments. It makes accepting digital card payments cheap and easy, with merchants simply needing to display a QR code at the till, online or on a bill.“Given SnapScan’s extensive acceptance footprint, the ability to offer merchants a single QR code, which will accept payment from multiple mobile wallet solutions such as Masterpass, is the driving force behind creating interoperability,” says Lincoln Mali, head of group card and payments at Standard Bank. “We believe that interoperability between digital payments platforms is one of the keys to driving digital payments usage and acceptance in South Africa.”
    • mbellakbail69
       
      Master Pass gives consumers the opportunity to buy digital wallets on their smartphones online and in-store without having to carry bankcards.  People can check a single SnapScan QR code anywhere they want to make payments.
    • aymanelmamoun
       
      The collaboration does not stop with international banks, yet innovative online payment companies are involved. Mastercard collaborates with SnapScan offering the customer easy use.
  • Each Masterpass transaction is classified as an Authenticated Mobile Transaction by South African banks, ensuring that consumers enjoy the highest protection from fraudsters.
    • omarlahmidi
       
      MasterCard operates with SnapScan to make customer's life much easier.
mehdibella

Standard Bank SnapScan - Simplifying payments in a Snap - 0 views

  • The app has since evolved and, today, SnapScan allows users to make quick and easy payments using their smartphones, thus eliminating the need to carry cash or cards.
    • kenzabenessalah
       
      SnapScan reduces the risk of people losing their credit cards which can be a big hassle. Instead of carrying their credit cards, they can simply use their phones.
  • In its infancy, SnapScan flourished in coffee shops and at weekend markets. The founding team had extensive experience in banking and mobile money, and they knew that payments for these merchants could be vastly improved
  • SnapScan evolution
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  • SnapScan is currently one of the most popular mobile payment apps in South Africa with no sign of slowing down. It facilitates a variety of payments: in-store, online, bills, donations, or prepaid services from within the app.
  • Merchant offering
  • SnapScan offers a simple solution that can be used anywhere and at any time, suiting merchants who trade in small locations, indoors or outdoors. SnapScan is also a great solution in times of load-shedding, when electrical payment systems are unavailable.
    • mehdibella
       
      I totally agree with this statement because the lack of traditional infrastructure not only in this field but also in the others leads to brilliant ideas leading to perfect Businesses and Companies that can make fundamental changes like Snapscan. in fact, Fintechs came up with a huge innovative transformation that made the world even better.
  • With SnapScan you can use your smartphone to make payments, send money to friends, and earn UCount Rewards Points when making a purchase. SnapScan is compatible with most bank cards, as well as the Standard Bank Virtual Card.
    • kenza_abdelhaq
       
      SnapScan is compatible with most bank cards and allows users to make payments, send money, earn points and make purchases via their smartphone.
kenza_abdelhaq

Ethiopay Places in the Top 25 Undergraduate Teams for e-Fest - Entrepreneurship and Inn... - 3 views

  • Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethiopians. They hope to help Ethiopians in the diaspora reach individuals at home by providing seamless payments. Hadgu and Yohannes entered this year’s competition to share their innovative venture and gain exposure.
    • kenzabenessalah
       
      It is important to know that EthioPay is not a service that functions only in Ethiopia, but individuals from North America and Europe are also able to help Ethiopians with their finances.
  • Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethiopians. They hope to help Ethiopians in the diaspora reach individuals at home by providing seamless payments. Hadgu and Yohannes entered this year’s competition to share their innovative venture and gain exposure.
    • sawsanenn
       
      This excerpt is important because we can see that the goal of this fintech company is to increase growth and meet customers' needs especially Ethiopian customers from all over the world. Additionally, They found a fundamental solution to several financial services issues that the Ethiopians used to face.
  • They are a centralized global payment platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between the United States and Ethiopia. Ethiopay co-founders Daniel Hadgu (B.B.A. ‘20) and Minas Yohannes (B.B.A. ‘20) are Eritrean descent while Michael Gizachew is of Ethiopian descent and they all struggled to send funds between the U.S. and their family abroad. Together they created a way to affordably and efficiently transfer money overseas.
    • nouhaila_zaki
       
      This excerpt is important because it enumerates the different products and services covered by the Ethiopay platform, notably the transfer of cross-border bill money, money transfer, mobile data and mobile minutes between the US and Ethiopia.
  • ...1 more annotation...
  • Co-founder Daniel Hadgu states, “In my journey of understanding what it truly means to help others and become an effective leader, I have uncovered the power of innovation.”
    • ghtazi
       
      helping others is the major motto of the company. the platform allows individuals living in North America and in Europe to send payments for any bills to help their family in Ethiopia
  •  
    "Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethi"
  •  
    Ethiopia aims to resolve Ethiopian citizens' rising global challenges. Hadgu and Yohannes are excited to join the race next year to end in the hopes of taking home the Georgia State University and Ethiopay trophies.
aymanelmamoun

No cash needed using South Africa's SnapScan - 1 views

  • Customers, when purchasing, simply need to scan a QR (quick response) code in store using their phones. And the customer can use any MasterCard or Visa card to sign up. Ehlers added: “We tried to design a product which allowed absolutely everybody to be part of the formal side of the economy.”
  • In an interview with How we made it in Africa, Ehlers explained: “A sizable part of why we built the product the way we did really relates to how the economy of South Africa functions. So to give one example, we built SnapScan so the merchant selling the products doesn’t need any special hardware at all. No point of sales system is required.” Merchants who don’t have bank accounts can redeem payments at any Standard Bank ATM or selected supermarkets.
    • samielbaqqali
       
      SnapScan is a new app that aims to make it easier to make mobile payments, so I think this unique concept will drive potential entrepreneurs to develop and build new ideas that can enhance real digital services. It isn't always a major challenge to develop a new concept, but the problem may be how to view the idea or how to preserve it. SnapScan is a notion of a new concept that in South Africa revolutionized mobile payments so that this company could inspire us to build better ideas.
  • SnapScan’s partnership with Standard Bank has allowed the company to grow faster. But Ehlers and his team are still required to adapt to the differences between the corporate and start-up worlds. He explained: “A start-up can quickly make a decision and then two hours later start implementing, whereas in a large corporation there is a process, things move a lot slower. Politics are involved and different people – and that’s not necessarily a bad thing, just the reality.”
    • aymanelmamoun
       
      SnapScan is cooperating with international banks in the aim of growing faster. Standard Bank is a example of alike partnerships, both companies adapt to the differences between the corporate and start-up worlds.
  • ...2 more annotations...
  • Why is this app so popular, and what does it do? In short it aims to replace the use of cash for both customer and merchant. What makes this unique for the merchant, is that they don’t need a bank account or a card machine to receive payments.
    • omarlahmidi
       
      SnapScan makes customer-s life much easier by providing many facilities.
  • SnapScan’s partnership with Standard Bank has allowed the company to grow faster. But Ehlers and his team are still required to adapt to the differences between the corporate and start-up worlds.
    • aymanelmamoun
       
      Partnerships as important strength.
  •  
    SnapScan is a new product that aims to make mobile payments easier, so I believe that this unique idea might push future entrepreneurs to innovate and create new ideas that can improve the actual digital services. Creating a new idea is not always a big problem but the problem might be how to interpret the idea or how to protect it. SnapScan is a concept of a new idea that revolutionized mobile payments in South Africa so this business might inspire us to create better ideas.
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