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mohammed_ab

How Mobile Money Continues To Boom In Africa - 0 views

www.forbes.com/...ey-continues-to-boom-in-africa

M-Pesa MTN Fintech partnership Paypal Western Union

shared by mohammed_ab on 12 Feb 21 - No Cached
  • The tie-up of Kenya's mobile sensation M-Pesa with PayPal and Western Union, coupled with the joint venture between two of the largest cellular operators – MTN and Orange – for a mobile wallet that operates across networks have capped a year that has seen significant developments in Africa's already blooming mobile payments market.
  • mohammed_ab on 12 Feb 21
     
    This partnership between M-Pesa, Paypal, and Western Union will have a significant impact on the growth of M-Pesa outside Africa.
ayachehbouni

Egypt's fintech innovators pick up speed - 0 views

www.theafricareport.com/...ntech-innovators-pick-up-speed

shared by ayachehbouni on 12 Feb 21 - No Cached
  • “Egypt needs fintech, specifically after the success story of Fawry, since our financial markets are not properly regulated at the level of payments and e-commerce – all of it is more informal, so any solutions would boom,” Sharara says.
  • MoneyFellows, an Egyptian startup incubated in London, marries technology with traditional money circles to help people save and borrow through their social networks. Like many other startups, MoneyFellows has to work with commercial banks because the Egyptian government has strict regulations about institutions that can look after customers’ deposits.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      The unbanked population in Egypt has now no problem accessing financial services thanks to the many Fintech companies that emerged there. The future of the Egyptian economy looks bright.
  • hichamachir on 12 Feb 21
     
    The success of Fawry in Egypt is going to inspire many other startups to opt for similar businesses. However, regulations in Egypt are still a risk. I think that the whole world is heading towards digitalization and the government regulations are going to be flexible concerning this domaine.
kenzabenessalah

BelCash Archives - How We Made It In Africa - 2 views

www.howwemadeitinafrica.com/...belcash

Ethiopia Booming economy Mobile banking

shared by kenzabenessalah on 12 Feb 21 - No Cached
  • With the booming economy and a population of 80 million this country could be the next gold mine for mobile banking companies.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      Having certain high expectations could motivate the company to improve itself. Since there are already expectations about Ethiopia being the next gold mine, BelCash could make a lot of profit.
mehdi-ezzaoui

Kenya's Pula insurtech startup expanding to Asia with $6m funding - Quartz Africa - 1 views

qz.com/...anding-to-asia-with-6m-funding

PULA agri-insurtech Fintech

shared by mehdi-ezzaoui on 10 Feb 21 - No Cached
  • Pula, a five-year old insurtech startup, provides small scale farmers with agricultural insurance to help manage the risk of enduring extreme conditions. Insurtech is one of the fast-growing sub-sectors of the fintech, which has booming with investors in African startups.
    • nourserghini
      nourserghini on 10 Feb 21
       
      The article explains that Pula is an insurtech whose customers are small scale farmers. Its services are agricultural insurance to manage their risk.
  • Pula will also be expanding to Asia, targeting smallholder farmers as it has in Africa, with a focus on Philippines, Thailand, Turkey, and Pakistan. “What we’ve realized is that African solutions are in no way inferior to Asian, European solutions
  • Since it was founded in 2015, Pula has impacted 4.3 million farmers across 13 African markets. Goslinga says key to Pula’s business model is helps insurance companies better understand the risks of small scale farming.With an average premium subscription of $4 for small-scale farmers in Africa, Pula actually markets the insurance product to banking partners rather than directly to farmers. The banks make the insurance mandatory before they approve loans to the farmers.
  • mohammed_ab on 13 Feb 21
     
    This article explains how Pula is serving millions of African farmers and helping them in increasing their annual yield. The company is planning to expand to the Asian market to diversify its customer base.
  • mehdi-ezzaoui on 13 Feb 21
     
    Pula will also be expanding to Asia, targeting smallholder farmers as it has in Africa, with a focus on Philippines, Thailand, Turkey, and Pakistan. "What we've realized is that African solutions are in no way inferior to Asian, European solutions
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