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samielbaqqali

Vodafone, MTN Can Share Client Data With Ghana to Trace Contacts - Bloomberg - 1 views

  • Vodafone and MTN’s Ghanaian units are allowed to share subscriber data with the government to help it track down the contacts of coronavirus cases, a high court in Accra ruled Tuesday.
  • Vodafone and MTN’s Ghanaian units are allowed to share subscriber data with the government to help it track down the contacts of coronavirus cases, a high court in Accra ruled Tuesday.
  • Vodafone and MTN’s Ghanaian units are allowed to share subscriber data with the government to help it track down the contacts of coronavirus cases, a high court in Accra ruled Tuesday.
    • samielbaqqali
       
      A clear example of the advantages of alliances is this. In order to help track covid19 cases in Ghana, MTN and Vodafone use their power of technology. Fintechs, I guess, are the biggest winners in this pandemic.
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    This is a good example of the benefits of partnerships. MTN and Vodafone use their technology power in order to help tracing covid19 cases in Ghana. I think that Fintechs are the biggest winners during this pandemic.
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    The fact that MTN will help the government in tracking down coronavirus cases will most likely benefit the image of the company and increase the trust of its customers.
samielbaqqali

EBRD helps regional Fintech champion TPAY MOBILE expand in Turkey - 0 views

  • An alternative to bank card-based transactions, direct carrier and direct wallet billing offered by TPAY MOBILE allows users to make purchases by charging payments to their mobile phone carrier bills or pre-paid airtime balance, as well as wallet stored value. Such cashless payments have become even more popular with the onset of the coronavirus pandemic as consumers increase their digital spending while facing restrictions on leaving their homes.
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    This services has always been beneficial for the users, but in the coronavirus pandemic, it has become more popular and more used and also internationally helped the brand's name.
hichamachir

Tax relief, CRB-listing suspension: Here are all directives issued by Pres. Kenyatta to... - 0 views

  • 100% tax relief to Kenyans earning Ksh24, 000 and below.Pay as you earn (PAYE) reduction from a maximum of 30% to 25%.Reduction of turnover tax rate from 3% to 1% for all micro, small and medium enterprises.Reduction of resident income tax to 25%.The Government to make available Ksh10 billion to vulnerable groups including the elderly and orphans, among others. This, the president, said will be done through cash transfers from the Ministry of Labour and Social Protection.
    • hichamachir
       
      Tax relief is a wonderful format to encourage Kenyans to contribute to their domestic economy. M-Pesa can absolutely benefit from it/
mehdibella

Face à la pandémie de coronavirus au Maroc, Dabadoc fait des consultations en... - 0 views

  • Face au Covid-19, les médecins se réorganisent et se ruent sur la consultation en ligne sur la plate-forme DabaDoc. De quoi soulager tous les Marocains à risque de contamination. 
  • Lancé il y a quelques mois, le service de téléconsultation de DabaDoc s'impose en ces temps de pandémie. Alors que le Royaume assiste actuellement à un bond des contaminations au coronavirus, le service de vidéo-consultation de la plateforme marocaine va sans doute soulager les patients de leurs craintes de contaminations au SRAS-CoV-2, le virus responsable du Covid-19. Il permet aussi de réduire le risque de propager le Covid-19 dans les salles d’attente des médecins. 
mehdibella

Coronavirus: La plateforme DabaDoc lance la téléconsultation - 0 views

  • For its part, AXA Assurance Maroc announces that it will reimburse medical expenses for video consultation for disease declaration files submitted by AXA policyholders. These files are supplemented by the prescription and the payment receipt received by email from DabaDoc. 
    • samiatazi
       
      AXA assurance played a major rule during COVID19 by supporting the Moroccan community through free virtual consultations related to the pandemic.
  • DabaDoc met à disposition des patients la possibilité de prendre rendez-vous en ligne depuis la plateforme DabaDoc.com et d’échanger avec un médecin à distance sans se déplacer. Le service de consultation vidéo a été activé par DabaDoc pour tous les médecins adhérents, sans engagement.  Un lien unique et sécurisé est généré à chaque rendez-vous et transmis aux patients et aux médecins par SMS pour démarrer leur vidéo.  Le service ne nécessite pas le téléchargement d’une application mobile et fonctionne directement sur Chrome (Android) et Safari (iOS).
    • aminej
       
      It was a nice idea to launch the video call appointment by Doctors durng the outbreak of COVID. People could not go outside because of the lockdown. Even though it is not as accurate as going to the doctor but at least the doctor can tell what's wrong and give you some medicines.
  • De son côté, AXA Assurance Maroc annonce qu'elle assurera le remboursement des frais médicaux de consultation vidéo pour les dossiers de déclaration maladies soumis par les assurés AXA. Ces dossiers sont complétés par la prescription et le récépissé de règlement reçus par courriel de DabaDoc. 
hibaerrai

South African money transfer firm sees uptick in customers - 0 views

  • Mukuru, which is based in the city of Cape Town, said that it had seen a rise in users during the coronavirus pandemic – caused in part by customers choosing to prioritise remittances to family. Remittance services were designated as essential during the coronavirus lockdowns in South Africa – offering firms such as Mukuru a lifeline as customers in some verticals sought continued services. The firm has also paired up with global money transfer brand WorldRemit to offer what was described by Mukuru’s chief executive as “broader, deeper pay-out networks” that tackled the network’s “white space” issues.
    • hibaerrai
       
      Mukuru partnership with WorldRemit has positively impacted its activities. Covid-19 and the partnership pushed more individuals to start sending remittances to their families and thus expanding in the country.
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."
kaoutarchennoufi

From M-Pesa to Ushahidi: how African tech is fighting the coronavirus - Friends of Europe - 0 views

  • The main telecoms operators in the country are all pitching in too – starting with Safaricom which uses the M-Pesa mobile application. In my book “Startup Lions, at the heart of African Tech” I explain how M-Pesa was born organically (and unexpectedly) from contact with the poorest Kenyan populations who didn’t even have bank accounts. A great many of them used ‘m-banking’ to gain financial independence which led to the M-Pesa service having over 22.6 million users in Kenya in 2019 – almost two-thirds of the adult population. A few hours after the president’s announcement, M-Pesa decided to drastically reduce its usage fees and to remove the daily transaction volume limit across the board in order to increase cash flow.
    • kaoutarchennoufi
       
      M-Pesa has made the decision to increase its cash flow by reducing its usage fees and removing the daily transaction volume limit across the board. However, I think that it is not a good strategy to reach that goals. They need to follow other ways such as encouraging E-payments, paying less their suppliers, offer discounts, increase their fees..
kenza_abdelhaq

TPAY Mobile acquires Turkey's Payguru - Wamda - 0 views

  • The deal comes at a time when demand for digital payment services is surging due to the coronavirus pandemic. Within the Middle East and Africa region, mobile payments is a popular alternative among 50 percent of the population, most of which is underbanked.
    • kenza_abdelhaq
       
      The acquisition of Payguru by Tpay Mobile is a strategic partnership in the context of a global pandemic. It is also an alternative to around 50% of the population that is underbanked.
  • The FinTech sector in the Middle East and North Africa (MENA) region is also growing at a compound annual growth rate (CAGR) of 30 percent, much higher than the average global rate of 11 percent
    • kenza_abdelhaq
       
      The FinTech sector in the MENA region continues to grow rapidly with a compound annual growth rate much higher than the average global rate.
  • TPAY Mobile is a digital merchant acquirer that enables payments acceptance from more than 54 mobile payment types and wallets, which are connected to more than 580 million consumers. According to Sahar Salama, founder and chief executive officer of TPAY Mobile, the acquisition of Payguru will support their diversification and expansion strategy.
    • kenza_abdelhaq
       
      Tpay Mobile already has a wide network of customers, but the new acquisition is part of the implementation of their diversification and expansion strategy.
mehdibella

Covid-19/ Maroc : Dabadoc lance les téléconsultations médicales - 2M - 0 views

  • la plateforme spécialisée dans la digitalisation de l’accès à la santé, Dabadoc  s’engage contre la propagation du coronavirus en mettant à la disposition des médecins le service de consultation vidéo.
  • « La consultation par vidéo soulagera les patients qui souhaitent échanger avec un médecin sans se déplacer. DabaDoc met à disposition des patients la possibilité de prendre rendez-vous en ligne depuis la plateforme DabaDoc.com et d’échanger avec un médecin à distance »
hibaerrai

WorldRemit | TechRadar - 0 views

  • WorldRemit is just one of many different money transfer services that have become increasingly popular, especially since coronavirus has taken hold. Money transfer services are perfect for moving funds around, and thanks to quite a lot of competition they're now a relatively cheap and easy way of getting the job done. WorldRemit was set up in 2010, is headquartered in London and sits in the same marketplace as the likes of Azimo, Transferwise, CurrencyFair, Lebara Money Transfer, PayPal, Zelle and other competitors.
    • hibaerrai
       
      Giving custmers the opportunity to pay for their transfers using different methods (prepaid options,apple pay...), and for cheap, really increased the convenience of the fintech.
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    Moneygram, the popular money transfer platform, has also become one of WorldRemit competitors. That shows how big the fintech has become in the last years.
samiatazi

Role of FinTech in the post-COVID-19 world - Financier Worldwide - 0 views

  • Digital financeAs the global economy recovers from COVID-19, one particular area of focus for FinTech is financial inclusion. According to the World Bank, there are currently around 1.7 billion unbanked individuals worldwide, and FinTechs will be central to efforts to integrate these people into the global banking system.Doing so will help to mitigate the economic and social impact of the pandemic. According to Deloitte, FinTechs, in strategic partnerships with financial institutions, retailers and government sectors across jurisdictions, can help democratise financial services by providing basic financial services in a fair and transparent way to economically vulnerable populations.Digital finance is also expanding in other areas. Health concerns in the COVID-19 era have made physical cash payments less practical, opening the door to an increase in digital payments and e-wallets. Though cash use was predicted to decline in any case, COVID-19 has hurried that decline, due to concerns that handing over money can cause human to human transmission of the virus. According to a Mastercard survey looking at the implications of the coronavirus pandemic, 82 percent of respondents worldwide viewed contactless as the cleaner way to pay, and 74 percent said they will continue to use contactless payment post-pandemic.In addition, improved ‘know your customer’ services are required to counter the rise in digital fraud and cyber crime since the beginning of the outbreak. As more of the global economic and financial system continues to move online, cyber defences will become even more crucial to protect data. Security-conscious FinTechs are designing their products with this in mind – even if face-to-face meetings and processes do return. Given the rising reliance on technology, digital transformation will be a primary focus for FIs in the months and years ahead. Whereas previous efforts to integrate technology may have been limited in scope, many FIs are awakening to the fact that in order to deliver an efficient, effective and sustainable banking service, they must adopt a more holistic approach to digital transformation, which includes utilising FinTech.
    • samiatazi
       
      In 2018, the world market for FinTech has been worth roughly 127.66 billion dollars, and is projected to hit 309.98 billion dollars by 2022. Just 1 percent of FinTechs have suffered from COVID-19 and 2 percent severely. Physical cash transfers have become less feasible because of health issues, opening up the road to a rise in digital payments and Fintechs.
hibaerrai

Mukuru and WorldRemit Partner to Further Expand Remittance Service into Southern Africa - 0 views

  • Since the launch of the partnership in June 2020, WorldRemit customers in over 50 countries – including the United Kingdom, United States, Australia, New Zealand, Canada and Europe – have been able to send money to their loved ones in Zimbabwe who are in need of financial resources as the coronavirus pandemic draws out. Beneficiaries can collect their WorldRemit remittance at any of Mukuru’s 150+ orange booths and multiple branches located across Zimbabwe in both rural and peri-urban areas.The cash pick up service is operational six days a week and customers will not have to endure long queues. They can collect their cash quickly and safely.
    • hibaerrai
       
      Mukuru and WorldMerit Partnership was very beneficial for Mukuru. It became more serious in the market especially the african one.
samielbaqqali

Search behaviour trends during COVID19 - Think with Googl - 0 views

  • Consumers continue to use Google Search and YouTube for inspiration and learning new skills, and ‘how to’ searches continue to grow across both platforms.
    • samielbaqqali
       
      Fawry should spend more money on the ads, because many customers get targeted on that way, so while looking for some e-payments apps, they will take a look at Fawry as well.
mehdi-ezzaoui

Egyptian Digital Payments Provider, Fawry, Experiences Record Growth Following COVID-19... - 1 views

  • Fawry for Banking & Payment Technology Services SAE, an Egyptian digital payments provider, was listed on Cairo’s exchange about a year back. The company recently experienced a 300% increase in its market value to 20 billion Egyptian pounds (appr. $1.3 billion). The payments firm confirmed that its valuation has grown 4x since the COVID-19 outbreak in late February 2020. As first reported by Bloomberg, Fawry is now ranked among Egypt’s 10 most valuable firms, which include Telecom Egypt Co. and Elswedy Electric Co. However, these businesses are generating a lot more revenue compared to Fawry for now. Many locals in Egypt are still settling transactions with cash payments, despite the Coronavirus crisis which has made it unsafe to handle paper currency notes. However, the nation’s reserve bank has asked lending platforms and other financial service providers to encourage residents to make digital payments via mobile wallets. The central bank also wants Egyptians to use online payment platforms like Fawry in order to limit physical contact, so that the virus doesn’t spread further.
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    The payments firm confirmed that its valuation has grown 4x since the COVID-19 outbreak in late February 2020. As first reported by Bloomberg, Fawry is now ranked among Egypt's 10 most valuable firms, which include Telecom Egypt Co. and Elswedy Electric Co. However, these businesses are generating a lot more revenue compared to Fawry for now.
nouhaila_zaki

African money transfer firms thrive as pandemic spurs online remittances | Reuters - 0 views

  • The pandemic gave remittance companies an advantage over their main competition in Africa: the sprawling informal networks of traders, bus drivers and travellers used by many migrants to send money home.“We’ve seen an influx of new customers, and we see them mainly coming to us from the informal market,” said Andy Jury, chief executive of Mukuru, the company Takawira now uses.Jury and other industry executives say that shift is likely to last as digital remittance services are typically cheaper, faster and safer than informal networks, which are difficult for governments to regulate.Mukuru, which focuses mainly on African remittances and allows customers to send both cash and groceries, has seen a roughly 75% acceleration in growth compared to last year.
    • nouhaila_zaki
       
      This excerpt is important because it reflects the "positive" impact that the pandemic had on Mukuru. It shows what Mukuru did better than traditional remittances platforms (i.e. buses, banks) so that it survived the covid-19 pandemic.
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    ""We saw an increase of transfers as the diaspora wanted to help their family," said Patrick Roussel, who heads mobile financial services for the Middle East and Africa at French telecom company Orange - a dominant player in French-speaking Africa."
hibaerrai

Mukuru expands to more African countries - 0 views

  • The remittances services were declared an essential service during the lockdown restrictions to curb the spread of the Covid-19 pandemic.South Africa moved to level 3 lockdown late in December after the country breached the one million mark of confirmed Covid-19 cases while Zimbabwe went into a hard lockdown as the entire country was declared a coronavirus hotspot as the infection rates drastically surged in all the country’s regions.“We remain cautiously optimistic we can continue in the year ahead to layer new products and services onto our platform to unlock value and move our customers up along the financial inclusion curve.“We will also constantly look to build our network and footprint across Africa and beyond, which will allow us to grow our business not only in terms of the breadth of relevant products and services we offer, but in the depth of customer markets we serve,” said Jury.
    • hibaerrai
       
      Mukuru use increased in the Covid-19 as it is easier to transfer money online. This fintech needs thus to present new services that will make a difference from other fintechs in the country. Also associating with WorldRemit was very important to develop within the country.
kaoutarchennoufi

GLC, Fawry cooperate to offer EGP 500 grants to painters - Fawry - 0 views

  • GLC Paints is providing EGP 500 grants to construction painters through Fawry outlets across Egypt in an initiative to help those affected by the ongoing coronavirus (COVID-19) pandemic.The move by GLC Paints comes as part of its corporate social responsibility (CSR) programme. The company has also responded to government and social calls for private sector companies to support workers in the current conditions.
    • kaoutarchennoufi
       
      The pandemic has negatively affected people in many ways. Social support is much needed during these tough times. Therefore, Fawry is providing 500 grants to painters across Egypt through Fawry outlets. Also, Fawry made the distribution of these grants very easy and efficient.Once a painter receives an sms he/she can go directly to the nearest Fawry outlet and collect his/her grant.
kaoutarchennoufi

Covid-19 | Kiva - 0 views

  • People across the world are economically impacted by the COVID-19 Coronavirus pandemic. Funding these loans will provide a financial safety net during an uncertain time, in addition to leading borrowers on a path to recovery.
    • kaoutarchennoufi
       
      The Covid19 has financially impacted people and Kiva took this fact into consideration and tried to help people overcome their financial difficulties in many ways. When I read the different donations during Covid19, I found that Kiva has financed many small businesses and made some dream come true even in a global pandemic where people were hopeless. This is such a human act!
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