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mehdi-ezzaoui

MTN reports 23% rise in FinTech revenue to launch cash deposits and withdrawals | Naira... - 2 views

nairametrics.com/...-cash-deposits-and-withdrawals

MTN Fintech Service

shared by mehdi-ezzaoui on 12 Feb 21 - No Cached
  • MTN Nigeria, the largest mobile telecommunication firm in the country has reported a 23% rise in its FinTech revenue. This was confirmed by the company CEO, Ferdi Moolman in the company’s notes to the results
  • MTN also revealed plans to widen its FinTech service offering “from basic transfer service and airtime/data sales to a more extensive bouquet, including cash deposit and withdrawal services, bill payments and facilitating -e-commerce” it concluded.
  • MTN has also recorded an increase in data revenue which it ascribed to “greater population coverage, a revamp of our data portfolio and initiatives to drive 4G device penetration”
  • ...1 more annotation...
  • MTN’s foray into the FinTech space has often been viewed as a game-changer in a very competitive and dynamic FinTech space. With its huge balance sheet and brand power, the company has a large cash pile that it can throw into space.
  • mohammed_ab on 12 Feb 21
     
    MTN one of the largest telecommunication in the world has been investing a lot in fintech in African countries with their MoMo service. The company witnessed a rise in Fintech revenues which will enable the company to offer more fintech solutions.
  • chaimaa-rachid on 13 Feb 21
     
    From this article we can see that MTN has grown and continues to grow as more and more people will rely on them.
  • mehdi-ezzaoui on 13 Feb 21
     
    MTN's foray into the FinTech space has often been viewed as a game-changer in a very competitive and dynamic FinTech space.
nouhaila_zaki

M-Pesa - Wikipedia - 0 views

en.wikipedia.org/M-Pesa

M-Pesa Financial inclusion Kenya

shared by nouhaila_zaki on 12 Feb 21 - No Cached
  • M-Pesa is a branchless banking service; M-Pesa customers can deposit and withdraw money from a network of agents that includes airtime resellers and retail outlets acting as banking agents.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      M-PESA is unique because it offers branchless banking which makes transactions more efficient.
  • It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan and South Africa. Meanwhile services in India, Romania, and Albania have been terminated amid low market uptake. 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.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      I like this excerpt because it describes where M-Pesa has successfully expanded and where the company's expansionist efforts failed.
  • M-Pesa is widely seen as demonstrating that it is possible to make a profit while also improving the lives of the poor.[28] Tavneet Suri, based at the Massachusetts Institute of Technology, and William Jack, based at Georgetown University have produced a series of papers extolling benefits of M-Pesa. In particular, their 2016 article published in "Science" has been very influential in the international development community. The much cited result of the paper was, that 'access to M-PESA increased per capita consumption levels and lifted 194,000 households, or 2% of Kenyan households, out of poverty.[29] Global development institutions focusing on the development potential of financial technology frequently cite M-Pesa as a major success story in this respect, citing the poverty-reduction-claim and including a reference to Suri and Jack’s 2016 signature article. In a report on "Financing for Development", the United Nations write: "The digitalization of finance offers new possibilities for greater financial inclusion and alignment with the 2030 Agenda for Sustainable Development and implementation of the Social Development Goals. In Kenya, the expansion of mobile money lifted two per cent of households in the country above the poverty line."[30]
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reports on academic research describing how M-Pesa is the living example of how the search for profit is not antithetical to inclusion and improvement of lives of the poor. Using M-Pesa as a case study, several researchers praise fintech for its ability to offer greater financial inclusion.
mehdi-ezzaoui

SimbaPay launches purely SMS-based Money Remittance option for Feature Phone users powe... - 1 views

innov8tiv.com/nce-option-feature-phone-users

SimbaPay Kenya payments service

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • he London-based digital money transfer services SimbaPay has now launched a new money remittance services that will purely operate via SMS. That means even people with no internet and using just a feature phone can now use SimbaPay to send or receive money. This is a huge step for the company, as it now enters a bigger pool of users, both with smartphones plus internet access combined with those without smartphones and/or not internet access. The new SimbaPay SMS money remittance services went live yesterday, and now users from around the world can use the service on any device from anywhere via the good-old SMS. The new SMS service is powered by artificial intelligence that has seen SimbaPay integrate a chatbot at the other end of the user.
  • mehdi-ezzaoui on 13 Feb 21
     
    new feature in simbapay service
mehdi-ezzaoui

Strategic implications of Fintech on South African retail banks - 0 views

www.scielo.org.za/scielo.php

Fintech strategic value

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • Due to the ubiquitous nature of information on the Internet, clients are more informed about and resultantly more demanding of personalised banking solutions. This is especially prevalent among younger consumers who do not know a world without the Internet and smart devices. The millennials (those born between 1980 and 2000) in particular exhibit dramatically different buying patterns and consumption expectations than older generations such as the baby boomers (KPMG 2017).
  • mehdi-ezzaoui on 13 Feb 21
     
    Strategic implications from south Africa retail banks
kenza_abdelhaq

Lumkani's fire detectors might help save thousands of homes in South Africa's townships - 1 views

www.pri.org/...e-thousands-homes-south-africa

Lumkani South Africa Insurtech Financial Inclusion

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Right now, Lumkani is funded by charitable donations, with consumers paying a small, affordable fee — about $1.30 per box. But the company is looking for a more sustainable business model, and hopes to expand beyond South Africa's big cities throughout the nation and sub-Saharan Africa.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Affordable devices for low income families in order to promote financial inclusion and expand to the rest of Africa.
  • kenza_abdelhaq on 13 Feb 21
     
    "Right now, Lumkani is funded by charitable donations, with consumers paying a small, affordable fee - about $1.30 per box. But the company is looking for a more sustainable business model, and hopes to expand beyond South Africa's big cities throughout the nation and sub-Saharan Africa."
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