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mehdibella

Cape Town goes cashless as mobile payment apps take off - BBC News - 0 views

  • Fast paymentsViews like these account for the arrival of a number of different mobile payments options. SnapScan has garnered the most attention, but the sector also includes the likes of FlickPay, Zapper and GustPay.
    • nourserghini
       
      This is useful because it states that other fast payment companies in the region's sector are FlickPay, Zapper and Gustpay, which makes them potential competitors for Snapscan.
  • SnapScan merchants receive a static QR [quick response] code - or SnapCode - identifier to display next to their tills.
  • "SnapScan does not charge shoppers any fees. Merchants pay a small transaction fee that is comparable or cheaper than using normal credit card facilities."
  • ...4 more annotations...
  • "SnapScan instead tries to give access to electronic payments to a large group of merchants who do not qualify for formal card payment facilities, or where card machines do not make sense," he says.
    • mehdibella
       
      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.
  • "We've seen a lot of interest from churches in the last few weeks, for instance, as the app allows for immediate, relatively large donations, while also eliminating the hassle of managing and administrating cash collections," he says.
  • "At its core, SnapScan is about giving everyone access to fast, convenient and safe electronic purchases," says co-founder Kobus Ehlers. "We designed the product to suit a wide variety of shops, from the largest retailer to a small street vendor selling fruit next to the side of the road."
    • kenza_abdelhaq
       
      SnapScan is offering fast, convenient, and safe electronic purchases.
  • Instead, she's one of a growing number of people in South Africa's Mother City who are leaving their wallets at home in favour of digital money apps."I use SnapScan," she says. "I love it. If I find someone using SnapScan I will buy something even if I wasn't intending to. "I find myself telling small coffee shops and vendors at markets that they should get it. I love not needing cash on me. I love not handing over my credit card."
    • ayoubb
       
      Snapscan
tahaemsd

Hello Paisa steps into Conversational Commerce [Customer Story] - 0 views

  • Hello Paisa is upping the ante on conversational commerce by enabling consumers to use WhatsApp as a simple means to send money abroad as conveniently as texting a friend. 
    • tahaemsd
       
      one creative way to meet customers needs quickly and conveniently
ghtazi

SimbaPay | LinkedIn - 0 views

  • SimbaPay is an award winning mobile app transforming the international remittance space. With a focus on extreme speed, convenience and constant innovation.
    • ghtazi
       
      simbapay is a winning award mobile App, its headquarter is located in London. The company is licensed and regulated by the financial conduct authority. The company focus on extreme speed, convenience, and constant innovation.
nouhaila_zaki

My PAGA - transact mobile payments; send cash via mobile; pay bills via mobile. - 0 views

  • We are a team of passionate Africans determined to tackle what we consider a critical issue paramount to Africas development - the availability of financial services to all Africans. Paga was founded early 2009 on the simple belief that the ubiquity of mobile phones can be leveraged to bring financial services to all Africans. We aim to accomplish our mission by working in partnership with select Banks, Microfinance institutions, and all Mobile Network Operators. Innovation is at the core of our company - we strive to develop "appropriate technology" suited for the local markets where we operate. We also work hard to ensure our services are low cost and accessible via our agent network - in doing so we can strive towards universal access. Paga works on the most basic SMS enabled phone and on all mobile networks so customers have the liberty to have their Paga account available at their finger tips regardless of what phone or network they are using. For consumers, our core offering is a money transfer service - with Paga you can send money to anyone with a mobile phone. You can either use Paga by yourself (if you own a Paga account) or by going to any Paga Agent. We also offer several other products such as: buying/sending airtime credits, bill payments, and retail payments. For ultimate convenience we provide several channels for consumers to use Paga - SMS, Online, a mobile application, USSD, or IVR (automated line). Paga Merchant Services allows businesses to collect payment from all spectrums of the population - whether banked or not. By leveraging the Paga e-widget, businesses can integrate a world class online checkout process on their own websites. Businesses can also leverage our agent network to collect payment for goods and services or provide customers the convenience of paying via SMS or online at Pagas customer portal. Our current services are the beginning of a journey. Through our innovation lab "Paga labs" and in conjunction with our partners we will continue to develop and deliver valuable offerings to our customers. Together with our partners we will achieve our mission and bring financial services within reach of millions of Africans!
    • nouhaila_zaki
       
      This excerpt is an introductory statement of the company Paga, its operations, its goals, its customers, its core offerings, and its innovation programs.
sawsanenn

(2) SimbaPay: Overview | LinkedIn - 0 views

  • SimbaPay is an award winning mobile app transforming the international remittance space. With a focus on extreme speed, convenience and constant innovation. Customers are able to send money to loved ones or even merchants, from wherever they are at any time of day or night. The company is headquartered in London and can be found online at www.SimbaPay.com SimbaPay is licensed and regulated by the Financial Conduct Authority.
    • aminej
       
      SimbaPay offers an innovative service that consist of sending money to your dear ones with 0 fee and in a fast way and also through different platforms either online, MPESA or your bank account. It will help many people in Kenya who do not have access to funding and credit.
  • SimbaPay is an award winning mobile app transforming the international remittance space. With a focus on extreme speed, convenience and constant innovation.
    • sawsanenn
       
      This award is proof of the effectiveness and efficiency of simbapay's work
hibaerrai

Smartel pushes for cashless transactions - 0 views

  • SMARTEL Money, a local mobile money service provider says the market must embrace cashless transactions to limit the spread of Covid-19 through handling cash. The company’s My Wallet mobile money platform was introduced to the market in May 2019 following the licensing of the company as mobile money issuer by the Central Bank of Lesotho.
    • tahaemsd
       
      the platform deepen financial inclusion by catering for all social classes
  • The Smartel Money customers and services include retail banking, individuals, insurance agents, retail grocery, retail clothing, retail cell phone services and utility services among others. These include checkout services such as the Smartel Money Point of sales system (sPOS); the Smartel Money Mobile point of sales systems (smPOS). These systems have access to the Smartel Money central engine for processing payments. “Businesses owners can finally give true convenience to customers by using My Wallet as a contactless payment option. They can also take advantage of our free business tools which include, point of sale, human resource management, and customer relationship management,” Mr Nchai said.
    • hibaerrai
       
      Contactless and cashless transactions through the Smartel Money platform and phone application is more convenient and efficient.
ghtazi

Mukuru | Company Profiles | Africa Outlook Magazine - 0 views

  • What Andy Jury is referring to is the backstory behind Mukuru.  “Our founders were in this same boat,” he adds, “and what started out as a desire to iron out personal wrinkles, in getting money home to their friends and family, morphed into a realisation that there was a massive business opportunity if we could build a simple, secure, rapid means of affordably being able to send money.”  A remittances-led financial services company that was brought to life to empower financially under-serviced migrants, Mukuru has become renowned as the go-to platform to send money in a convenient, safe and affordable manner across Africa.  “We wanted to produce a transformative solution that was simple to use and accessible to anyone with a mobile device,” Jury, the company’s Group CEO, adds. “It required us to walk in our customers’ shoes, understand the pain points they had with remitting money home and build a solution that addressed these challenges.”  And this is exactly what the company has spent the past decade doing.
    • hibaerrai
       
      Mukuru targets unbanked individuals, ignored migrants and others. The goal was to make money and remittance transfers easier and safer. I believe that they should follow WorldRemit's path and expand more internationally.
  • “We’ve attempted to stay true to this approach as our business has grown, expanded and evolved – if we continue to obsess about trying to understand what customers really need and build solutions to address these requirements, then we’ll be well placed to walk alongside our customer base as their needs evolve.”  Following this philosophy, Mukuru has developed a remittance portfolio that is characterised by a high degree of customer loyalty, trust and repeat business – features that have enabled the company to reach a total 25 million transactions, a figure recorded in late 2018.   
    • sawsanenn
       
      This excerpt is important because it shows that innovation and improvement of customers experience are the keys to Mukuru's success since they put all their focus and attention into their customers
  • What Andy Jury is referring to is the backstory behind Mukuru.  “Our founders were in this same boat,” he adds, “and what started out as a desire to iron out personal wrinkles, in getting money home to their friends and family, morphed into a realisation that there was a massive business opportunity if we could build a simple, secure, rapid means of affordably being able to send money.”  A remittances-led financial services company that was brought to life to empower financially under-serviced migrants, Mukuru has become renowned as the go-to platform to send money in a convenient, safe and affordable manner across Africa.  “We wanted to produce a transformative solution that was simple to use and accessible to anyone with a mobile device,” Jury, the company’s Group CEO, adds. “It required us to walk in our customers’ shoes, understand the pain points they had with remitting money home and build a solution that addressed these challenges.”  And this is exactly what the company has spent the past decade doing.
    • ghtazi
       
      through this excerpt, we can see that Mukuru wanted to produce a transformation solution that will be easy to use for everyone and accessible to anyone with a mobile phone. they put themselves in the customer's shoes in order to better understand their needs and preferences.
ghtazi

Mukuru Adds Sign-Up Feature to WhatsApp - IT News Africa - Up to date technology news, ... - 1 views

  • By signing up for Mukuru via WhatsApp, users will be able to bypass the onerous task of submitting Know-Your-Customer (KYC) documents to an agent or Mukuru branch in person. Instead, they can submit documents directly to Mukuru’s verifications team. Mukuru will then provide timely feedback via WhatsApp as to whether a prospective customer’s ID documents have been effectively verified or not (and if the customer needs to take further steps). “Our customers already use WhatsApp extensively to create money transfer transactions (comprising more than 30% of our total monthly transaction volume in SA) so we are naturally extending self sign-up services on this channel,” says Jury. “This capability removes key barriers for our customers and increases accessibility to important financial services in South Africa and across our network. By harnessing our technology expertise and ability to innovate around customer pain points, we are boosting financial inclusion by allowing customers to submit their own KYC documents and gain access to higher limits.”
    • nouhaila_zaki
       
      This excerpt is important because it reflects the importance of WhatsApp in the operations of Mukuru. 1- Whatsapp allows cheap KYC 2- Whatsapp is an extension of customer habits 3- Whatsappremoves barries to access financial services.
  • “Our customers have been asking for a Mukuru App, and we have made sure to develop and present a solution that empowers our customers to send money back home to their families in an even safer and more convenient way. Mukuru has always given its customers the ability to transact when and wherever they need to through our existing USSD and WhatsApp offerings – the Mukuru App adds a richer experience and more control for a customer to manage their profile,”
    • sawsanenn
       
      It is a good idea to use one of the most used social media application which is WhatsApp, it will be more easy for customers to make a payment or receive it. It is a good approach to make the transactions accessible and easy for everybody.
  • “Our customers have been asking for a Mukuru App, and we have made sure to develop and present a solution that empowers our customers to send money back home to their families in an even safer and more convenient way. Mukuru has always given its customers the ability to transact when and wherever they need to through our existing USSD and WhatsApp offerings – the Mukuru App adds a richer experience and more control for a customer to manage their profile,”
    • ghtazi
       
      the introduction of Mukuru to social media is a great move since we live in an era where social media controls everything. it will also touch the z generation and will extend their target customers.
hibaerrai

Business Real Estate News | Technology | Travel Guide - 0 views

  • Thndr, an Egypt-based startup has announced that it has received the first new brokerage license in the country in over a decade. Thndr recently acquired the necessary licensing from the Financial Regulatory Authority (FRA). 
    • ayachehbouni
       
      Egypt has more than 100 million people and is expected to be the 7th largest economy by 2030. This represents a huge opportunity in my opinion for Thndr as the demand for convenient and digital ways to invest money will be increasing as time goes by.
  • Ahmad Hammouda, Co-Founder and CEO at Thndr said Egypt is expected to be the 7th largest economy by 2030 and has more than 100 million people, most of which are young and are looking for a convenient and digital way to invest their money. “That’s why we are excited to bring a new breed of young investors to the market” he added.
    • hibaerrai
       
      Thndr should take advantage of this growing market in Egypt, and convince and attract the young generation.
mehdi-ezzaoui

The promise of unicorns | fDi Intelligence - Your source for foreign direct investment ... - 1 views

  • Although Fawry, Egypt’s top e-payment platform and leading fintech, became Africa’s latest ‘unicorn’ this year via a listing on an African bourse, it will not be the last to emerge from the country’s burgeoning tech scene, according to the International Finance Corporation (IFC). “Egypt will produce further unicorns one day, absolutely,” says Walid Labadi, the IFC’s country manager for Egypt, Libya and Yemen. “We fundamentally believe in the power of the entrepreneurial spirit and its ability to address fundamental market needs, which will eventually create significant economic value and can become a driver for creating future entrepreneurs. Advertisement
  • Founded in 2008 by Ashraf Sabry and Mohamed Okasha, the company listed on the country’s main bourse, the Egyptian Exchange, in August 2019 and was valued at $275m. However, at the start of October this year, its valuation surpassed more than $1bn.It is the third African start-up to reach unicorn status and the first one to do so after going public on an African stock exchange.
    • ayachehbouni
       
      Fawry paved the way for other Egyptian companies and became a leading example to them just like Jumia, the first unicorn out of Africa, was for african companies.
  • Fawry offers an online payment gateway for business owners to transact with customers via cash, credit cards and e-wallets. It has helped to transform the Egyptian economy by reducing the reliance on cash, lowering costs and offering a more convenient way to pay. Its good fortune is partly due to the Covid-19 pandemic that prompted many people to place a high demand on its e-payment solutions. Its revenue for the first nine months of 2020 surged to E£892m ($57m), a 45% jump on the same period last year. 
  •  
    Competition can be a problem for Fawry in the future. The world is heading towards digitalization and will create many opportunities for other companies. I suggest for Fawry to build a strategy that treat the future of digitalization in order to be always the top company in Egypt.
  •  
    Fawry offers an online payment gateway for business owners to transact with customers via cash, credit cards and e-wallets. It has helped to transform the Egyptian economy by reducing the reliance on cash, lowering costs and offering a more convenient way to pay
kaoutarchennoufi

Safaricom M Ledger, Bill Manager, M-PESA Statements - Safaricom - 0 views

  • MySafaricom App offers you a convenient self-service channel to manage your M-PESA and Safaricom accounts and interact with our customer care. Whether you are an Android or iOS user, you may download the App from the Safaricom App Store, Apple Store or from the Google Play Store and enjoy convenience.
    • kaoutarchennoufi
       
      One of the features of M-Pesa is that it makes its customer feel independant and self-confident by providing them the possibility of self-service. They can monitor and manage their accounts.
omarlahmidi

SnapScan Company Profile: Acquisition & Investors | PitchBook - 0 views

  • Developer of mobile payment application designed to help users to make quick and easy payment through their mobile phones. The company's application services include easy sign up, affordable, convenient, easy payment reconciliation and simple payment notification, enabling users to make making easy payments for purchasing goods and services online.
    • kenzabenessalah
       
      SnapScan also gives clear instructions on how to use the service which is useful for elders. This shows that it really targets a wide range of customers.
  • SnapScan General Information
    • omarlahmidi
       
      SnapScan gives u clear instructions
aymanelmamoun

Le Creuset | Make Easy Mobile Payments with SnapScan - 0 views

  • How to Use SnapScan: 1. Download. The SnapScan app can be downloaded onto your iPhone or Android device. Open the app and link your card details (SnapScan works with any South African Bank).In less than 5 minutes, you’re good to go! 2. Order. Go to the Le Creuset website and place an order for your desired items. At checkout, select SnapScan as a payment method. This can be used in conjunction with other payment methods such as eBucks, credit card or EFT, as well as Le Creuset Gift Vouchers. 3. Snap. Open the app to scan the SnapCode displayed at checkout on the Le Creuset website. 4.Pay. Confirm payment with your 4-digit PIN
    • aymanelmamoun
       
      SnapScan offers the customer easy download and signups steps. The four steps are sufficient to start the usage.
    • aymanelmamoun
       
      Edited.
  • Le Creuset is proud to offer SnapScan as a convenient new payment solution. With this easy checkout option, you only have to load your card details once, when you download the SnapScan app. With your information already securely encrypted on your phone, you don’t need to enter them on the website again. And if you’re paying from your phone, it’s as easy as clicking a button!
    • omarlahmidi
       
      To use SnapScan, you just have to download, order, snap, and pay
aymanelmamoun

Get paid anytime, anywhere with the Snapscan app | Standard Bank - 0 views

  • Link your SnapCode to a cell phone number to receive SMS confirmation for a payment We can also integrate with a variety of POS and ecommerce solutions View your transaction history in real-time via the Merchant Portal
    • kenzabenessalah
       
      To make sure that customers are certain that they paid, they receive an SMS confirmation which is the alternative of a receipt.
  • We have a payment solution to suit you and your customers, just display your SnapCode anywhere you want to accept mobile payments.
  • Give your customers a quick and easy way to pay. No need for cash, cards or time-consuming EFTs. SnapScan can be tailored to your business’ needs and is the smart, simple and safe way to get paid in a snap. From small market vendors to big businesses or online ecommerce websites, SnapScan has a convenient payment solution for you and your customers.
    • aymanelmamoun
       
      Easy and efficient use.
  •  
    Snapscan did a good job focusing on their client by demonstrating to them that a basic application would accomplish the work that regularly is tedious and requires cards. By doing this, the company caught people's attention to try out their platform.
mohammed_ab

Ghana: Payment Systems and Services Act to Boost Digitisation Processes --Governor, BoG... - 0 views

  • The Payment Systems and Services Act would help create an enabling environment for the on-going digitisation processes in the economy, Dr Ernest Addison, the Governor of the Bank of Ghana has said.
  • The Act, passed in March this year and assented to in May, is part of a broader strategy by the Bank of Ghana to create an enabling regulatory environment for convenient, efficient and safe retail payments and funds transfer mechanisms.
  •  
    This new act is going to impact MTN-Ghana position in the market as new market participants will find a lenient political and regulatory environment and will decide to enter the Ghanian's market.
hibaerrai

WorldRemit Partners with Palawan Pawnshop in the Philippines to Let Filipinos Pick Up C... - 0 views

  • WorldRemit is a leading digital cross-border payments business. We disrupted an industry previously dominated by offline legacy players by taking international money transfers online—making them safer, faster, and lower-cost. We currently send from 50 to 150 countries, operate in 6,500 money transfer corridors worldwide, and employ over 1,100 people globally.On the sending side WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, the company offers a wide range of options including bank deposit, cash collection, mobile airtime top-up, and mobile money.
    • hibaerrai
       
      WorldRemit started the year successfully with a new remittance partner in the Philippines (Palawan Pawnshop) expanding thus its activities in the country.
  • Backed by Accel, TCV, and Leapfrog—WorldRemit’s headquarters are in London, United Kingdom with regional offices in the United States, Canada, Australia, New Zealand, Hong Kong, Singapore, Malaysia, the Philippines, South Africa, Somaliland, Uganda, Kenya, Rwanda, Tanzania, Zimbabwe, and Belgium.
    • hibaerrai
       
      WorldRemit is based in London but expanded in numerous countries all over the world namely in Africa.
mohammed_ab

Ethiopia: "Mobile money doubled my number of customers in just three years"Et... - 0 views

  • Bisharo’s story is one of the many urban merchants who have discovered the power of digital payments for their businesses. Over the past few years, technology providers such as BelCash with their HelloCash mobile money, product working closely with the Somali Microfinance Institution, have made significant progress in helping merchants like Bisharo realize the benefits of digitizing payments.
  •  
    This article shows how mobile money has enabled a small shop owner in Addis Ababa, Ethiopia, has been able to generate more revenue just by letting its customers pay with mobile money. It also demonstrates the convenience that mobile payments have on its users especially for sellers. I really liked the story of Bisharo, the owner of that small shop, whose life has changed because of a fintech solution.
aminej

DabaDoc: Overview | LinkedIn - 0 views

  • DabaDoc.com, an internet company, has a mission of improving access to healthcare in Morocco, Algeria and Tunisia. DabaDoc is the most convenient, free way to find a nearby health practitioner, instantly book an appointment online and ask the community of doctors all types of medical questions !
    • aminej
       
      I love this concept because it is very innovative and practical for people who urgently need an appointment with a doctor. In Morocco, most of the nurses who work with doctors are the one charged with taking appointments, unfortunately they do not answer the phone and people end up without appointments so I believe it can resolve this issue since you will not need to go through the nurse to take your appointment.
aminej

Digital Banking - cassava fintech - 0 views

    • aminej
       
      I love how convenient that app is because you have so much services that are offered such as paying, scanning, E-wallet, sending money from South Africa or Europe in a practical way. The world is become more and more digital and it is good to see that Africa is following the same path and doing fine.
  • Our Digital Banking business is anchored on a transactional banking model  with the following key services – Micro-loans, Savings, Agent Banking (designed to reach the previously excluded), Device Financing and Diaspora Banking. The Digital Bank’s flagship platform is branded “Square”.   The Square Mobile App is an integrated mobile banking solution that gives customers the ability to transact wherever they are, on services such as bill payments, funds transfer, banking services, nano loans, airtime and so forth. In line with our Diaspora thrust, we have also launched the Square World App, targeting diaspora customers anywhere in the world, offering remittances, and other suite of services as if they were back home
mohammed_ab

How M-Pesa changed banking in Africa - CNN - 0 views

  • The service will face stronger competition in the coming years. The Kenya Bankers Association -- representing 46 banks -- is introducing its own mobile payment platform that will allow convenient transfers between accounts at different banks, and the group hopes this will eat into M-Pesa's market share.
    • tahaemsd
       
      the next decade will bring new challenges for the mobile payment system
  • The system was launched by Vodafone's Safaricom mobile operator in 2007 as a simple method of texting small payments between users. Today there are 30 million users in 10 countries and a range of services including international transfers, loans, and health provision. The system processed around 6 billion transactions in 2016 at a peak rate of 529 per second.
  •  
    This article explains how M-Pesa, a small mobile money transfer using SMS has grown over the past 10 years, which enable the company to reach a level of success that was unpredictable. Today, the company has expanded its service & product offerings making the volume of transactions reaching a level of 529 per second. I think that this service could expand to all African countries, Morocco included, and it could have some great benefits to unbanked people in Morocco.
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