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mehdi-ezzaoui

South African telco MTN looks to fintech to diversify - 1 views

www.theafricareport.com/...-looks-to-fintech-to-diversify

MTN Fintech Partnership Africa

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • MTN has announced a partnership with South Africa-based financial services group Sanlam to sell high-end insurance products like life cover and funeral policies into South Africa through digital-only channels.
  • mehdi-ezzaoui on 13 Feb 21
     
    Strategic Partnership of MTN with South-Africa
nouhaila_zaki

M-Pesa: a Mobile Money success story from Kenya - Technology and Operations Management - 0 views

digital.hbs.edu/...money-success-story-from-kenya

M-Pesa Kenya Success Business Model

shared by nouhaila_zaki on 12 Feb 21 - No Cached
  • Given the up-front costs of acquiring agents, it is tempting for mobile money providers to want to take short cuts and minimize the agent-to-customer ratio. However, this does not set an individual agent up for success. If Safaricom were to recruit too few agents, customers would find M-Pesa difficult to use and difficult to access.. On the other hand, if there were too many agents, many of them would not be able to generate enough business to cover the cost of managing their e-cash and cash liquidity. As a result, they would stop maintaining their electronic money float and cash balances. M-Pesa’s success lies in the fact that they grew their agent network at the same pace as their customer base, keeping transactions per agent per month steady at around 1,000 / agent / month.
  • According to a McKinsey report on Mobile Money, proximity of nearest agent makes a significant impact on transaction volumes. “When a cash agent is more than 15 minutes away, mobile money has relatively little appeal, and customers use it once or twice a month. But when the agent is less than 10 minutes away, usage rises to 10 times a month—and for those within 2 minutes of an agent, to 30 times a month.” Safaricom spread its agents out across Kenya so as to truly enable network effects and enable Kenyans to send e-cash to their family members and friends even if they did not live in the same geography.
  • Customers who sign up for the M-Pesa service can convert between e-cash and real cash (these are called cash-in / cash-out transactions), and can transfer e-cash from their account to that of another account holder via SMS.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      M-PESA gives people the option of converting their e-cash to real cash which is not the case in most services.
  • ...4 more annotations...
  • Customers who sign up for the M-Pesa service can convert between e-cash and real cash (these are called cash-in / cash-out transactions), and can transfer e-cash from their account to that of another account holder via SMS. Cash-in / cash-out operations take place at one of many designated M-Pesa retail outlets, also known as “agents”. These agents are not employed by Safaricom, but are simply retailers / regular businessmen and women that are ‘authorized’ to trade e-cash for real cash.
    • ghtazi
      ghtazi on 13 Feb 21
       
      m-pesa is a company that allows its customers to convert between e-cash and real cash.
  • Although some of M-Pesa’s initial success could be attributed to a uniquely favorable context for mobile-payments (strong customer need, welcoming regulatory environment, support from banks, strong brand awareness of Safaricom), its rapid and sustained growth was only possible due to a thoughtful operating model design, particularly regarding M-Pesa’s “agent network.”
    • nourserghini
      nourserghini on 13 Feb 21
       
      M-pesa's success goes back to its advantageous situation in Africa as well as it successful operating model design.
  • Revenue from transaction fees that Safaricom collects via the agent during cash withdrawal operations and transfer operations (depositing money into mobile wallet is free). Reduce Safaricom customers’ churn, improve engagement, lifetime value etc.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt shows the business model that M-pesa follows and thier values
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reports the two ways in which Safaricom makes value through M-Pesa: on the one hand revenues from transaction fees collected via agents, and on the other hand, the reduction of Safaricom customers' churn.
  • Safaricom pays commission to its “agents”, usually on a monthly basis, based on metrics such as transactions per branch, customers per branch, and quantities transacted, etc. Because it takes agents a couple months to ‘ramp up’ at their branch by attracting M-Pesa customers and convincing them to start transacting, the business model of M-Pesa incurs significant up-front costs and is one of the reasons many mobile-money deployments fail in the early days. Mobile-Money becomes profitable only when it goes viral. According to a McKinsey report, to make mobile money for the unbanked commercially viable, operators and telco’s like Safaricom “must sign up 15 to 20 percent of the addressable market.”
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt describes M-Pesa's business model, which consists of paying commissions to agents, incurring significant up-front costs and relying on mobile-money to become viral for success.
  • mohammed_ab on 12 Feb 21
     
    I think that it's interesting to see that agents are playing a vital role in the success of M-Pesa in Kenya. The company knew about the costs related to acquiring agents, but they also knew that recruiting too few agents will kill the solution M-Pesa is providing. In addition to that, M-Pesa tried to spread its agents all over Kenya to make their solution available and easy to access anywhere in Kenya.
mehdibella

Fawry | Arab News - 0 views

www.arabnews.com/fawry

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Egypt’s Fawry eyes UAE deal, Saudi and Kuwaiti markets
  • Fawry offers digital payments to companies and individuals in Egypt Fawry handles around 2.1 million transactions daily and collected 40 billion Egyptian pounds last year
mehdi-ezzaoui

SIMBA Payment App Launches Using Stellar Network - 1 views

www.globenewswire.com/...hes-Using-Stellar-Network.html

SimbaPay Kenya Stellar Network payments

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • SIMBA Pay is open source and designed for developers who wish to integrate blockchain-based payment systems. SIMBA Pay offers built-in support for a wide array of third-party technologies and services, including CoinBase and cold wallets. The ease-of-use for developers will accelerate the growth of the cryptocurrency industry and make integrations with traditional financial systems easier down the road. “We believe our technology stack provides a unique advantage for developers,” said Joel Neidig, CEO of SIMBA Chain. “SIMBA’s world-class developer tools have already made cloud-based dapps easier to create than ever and provide transparency and verification for complex digital workflows. It’s never been easier to jump into this exciting space, no matter where you are in your developer journey.” “We are excited to see SIMBA Chain, a Stellar Service Provider, launch their open source payment application to foster greater adoption of Stellar and end-user accessibility through lower fees as compared with traditional payment solutions,” said Boris Reznikov, Director of Business Development at the Stellar Development Foundation.
  • mehdi-ezzaoui on 13 Feb 21
     
    Simba pay app launches a new service using stellar network
mehdi-ezzaoui

SimbaPay Allows You Transfer Money from the UK to Nigeria at Zero Charge | TechCabal - 1 views

techcabal.com/...e-uk-to-nigeria-at-zero-charge

SimbaPay payments transfer money

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • Digital money transfer provider, SimbaPay, has announced the launch of its money transfer service to Nigeria. Using the SimbaPay app or website, Nigerians living in the UK can send money to Nigeria at zero charge using SimbaPay. The payment can be made to any bank account or mobile phone in Nigeria instantly.
  • mehdi-ezzaoui on 13 Feb 21
     
    The service eliminates tedious processes of traditional money remittance firms, high cost and the need for customers to remember branch codes. The application allows people living in Europe to send bulk cash of up Sh4.5 million home.
hindelquarrouti

The Rise of the Robo-advisor: How Fintech Is Disrupting Retirement - Knowledge@Wharton - 2 views

knowledge.wharton.upenn.edu/...-fintech-disrupting-retirement

Strategy robo-advisors fitech

shared by hindelquarrouti on 13 Feb 21 - No Cached
  • Robos came on the scene about a decade ago, and two early startups were Wealthfront and Betterment. Today, there are dozens of robos in the market, Fisch said. There are pure robo services, as well as those that offer the option of talking to a human advisor, with or without an extra fee. Since they’re automated, robos can more easily avoid conflicts of interest that could beset a human advisor, who might push investments that pay the highest commissions.
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      Having Robo-advisors in EasyEquities would prevent the risk of having conflicts with "human" advisors. Digital assistance is the key.
  • Robo fees can range from zero — if the investor has less than $10,000 to invest — to as high as 0.89% of assets under $1 million in some cases, said Brett Hammond, research leader of Capital Group. But 0.25% to 0.30% of assets is more typical, he added. (The fee is on top of the cost of the investment itself.) As for performance, it’s a mixed bag with some robos doing better than others, Hammond said. The big question is how they will do in the long run, especially during a big market crash, since they don’t have an extended track record yet. “We don’t know in a complete cycle what these [robos] are going to deliver,” he said. “The real issue is, does it improve outcomes?”
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because, on the one hand, it introduces us to the fees that can be charged by Robo-advisors. On the other, performance is hard to measure for robo-advisors since nobody knows how the will behave in the long run and in severe circumstances i.e. a market crash.
  • Artificial intelligence is changing the world of retirement planning. By using improved datasets and algorithms to efficiently deliver solutions tailored to people’s needs, AI can help them save, invest and retire better. One of the hottest trends to emerge in this area in recent years is the use of robo-advisors. These are software programs that use the data supplied by clients to create and automatically manage their investment portfolios
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      The use of Robo Advisors alongside artificial intelligence could be used by different fintech companies and in different fields like for investments, portfolio management or retirement planning.
  • ...1 more annotation...
  • One of the hottest trends to emerge in this area in recent years is the use of robo-advisors.
  • hindelquarrouti on 13 Feb 21
     
    It is a very interesting strategy that of benefiting from the use of AI and its advances that include improved datasets and algorithms that efficiently deliver solutions that are appropriate to users need. One of the trend that was raised by this strategy is that of robo-advisors.
hibaerrai

SimbaPay chatbot powers international remittance payments - 0 views

www.finextra.com/...ernational-remittance-payments

shared by hibaerrai on 13 Feb 21 - No Cached
  • SimbaPay – a London based digital money transfer provider – today announced the launch of an AI (Artificial Intelligence) powered chatbot service which now makes International Money Transfer (remittance) possible with only an SMS. The SimbaPay chatbot will also enable 24/7 instant customer service for its customers across Africa and Europe.“We’re thrilled at the prospect of the chatbot service resolving most customer enquiries instantly at any time of day or night” said Daniel Howard, CTO for SimbaPay. “Another major objective we achieved with the chatbot service is that it also works without internet. This means customers with a mobile phone, even a basic phone without internet access, can access the SimbaPay chatbot using SMS”.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      SimbaPay allow users to send and get remittances from their families all day everyday anytime in Africa and Europe. You only need to send an SMS in any phone.
ghtazi

Fintech and Banks: Four Ways Banks Can Respond Better | Toptal - 0 views

www.toptal.com/...fintech-and-banks

Fintech technology Financial

shared by ghtazi on 13 Feb 21 - No Cached
  • The response by banks right now to fintech disruption is critical due to the current stage of the nascent industry’s development. Fintech startups are broadly focused on the concept of unbundling banks, offering one type of product/service and concentrating on doing it VERY well.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This response might/ can change if they adopt this digital strategy. Not only it will help banks with better customer services and reduce their prices which can attract more costumers, besides there is also better branding. This last advantage does attract many customers since they search for innovative products.
  • Fintech, shortened from financial technology, is assumed to be a modern movement, yet the use of technology to assist financial services is by no means a recent phenomenon. Financial services is an industry that introduced credit cards in the 1950s, internet banking in the 1990s and since the turn of the millennium, contactless payment technology. Yet, fintech’s place in the public conscience has really taken off in the past three years:
    • ghtazi
      ghtazi on 13 Feb 21
       
      Fintech is considered to be a new trend, shortened from financial technology, but the use of technology to support financial services is by no means a recent phenomenon. Financial services is an industry that introduced contactless payment technology to credit cards in the 1950s, internet banking in the 1990s, and after the turn of the millennium.
ayachehbouni

SimbaPay's Zero-rate Money Transfer Service Now Supports M-Pesa Paybill for Kenyans in ... - 0 views

techcabal.com/...-paybill-for-kenyans-in-the-uk

shared by ayachehbouni on 13 Feb 21 - No Cached
  • Digital money transfer provider, SimbaPay has announced that it now supports Safaricom’s M-Pesa PayBill payment service in Kenya. This development broadens the reach of the M-Pesa Paybill service which was previously limited to Safaricom subscribers within Kenya. Now, Kenyans living abroad will be able to make payments in Kenya on the M-Pesa Paybill service via the SimbaPay App.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      Thanks to this development, SimbaPay users in the UK will be able to make instant money transfers at no cost and will not need a Safaricom phone number or M-Pesa registration to make transactions with vendors using M-Pesa Paybill in Kenya. I believe that this would greatly increase both platforms' customer base.
mehdi-ezzaoui

Pula, Agric Tech Firm, Wins InsurTech Award | THISDAYLIVE - 1 views

www.thisdaylive.com/...tech-firm-wins-insurtech-award

PULA award Service

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • The Insurtech award which targets non-insurers collaborating with insurers to improve customer service delivery, product development and innovation was organised by the African Reinsurance Corporation (Africa Re). The company was recognised for successfully managing over 4.3 million smallholder farmers through their Area Yield Index Insurance product. It provides insurance services and digital solutions to farmers in 12 countries in Africa, with Nigeria being the leading market for Pula.
  • mehdi-ezzaoui on 13 Feb 21
     
    Pula, a Kenyan leading agricultural technology company that develops and provides crops and livestock insurance last Friday scooped the continent's InsurTech company of the year award during the 6th annual African Insurance Awards held in Lagos, Nigeria.
hindelquarrouti

The Impact Of Cloud Computing In Fintech - VEXXHOST - 1 views

vexxhost.com/...cloud-computing-in-fintech

strategy clouds fintech Africa

shared by hindelquarrouti on 13 Feb 21 - No Cached
  • The impact of cloud computing in fintech is evident. While the use of cloud technology within fintech services is still catching on, the opportunity for growth is massive. Even though cloud adoption is still in its early stages, cloud computing in fintech is growing at a steady pace. Moreover, a total of 22% of all applications within fintech are currently running on the cloud. That being said, this leaves substantial room for growth and innovation.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Cloud Computing is in rapid expansion, already 22% of all applications in Fintech run on the cloud which presents plenty of benefits like flexibility, security and scalability.
  • Moving forward, banks are now able to partner with fintech startups with ease. Most noteworthy, startups are developing as cloud-native from the very start. The global fintech market size expects to grow to $124.3 billion USD by the end of 2025 at a Compound Annual Growth Rate of 23.84%
  • As an increasing number of businesses make the move to adopt a digital payment system, the demand for fintech solutions is only expected to grow and drive market growth.
  • hindelquarrouti on 13 Feb 21
     
    The use of cloud computing by fintechs is very strategic as it is contributing to their remarkable growth.
hibaerrai

New strategies in banking and fintech for 2020s | by Anton Verkhovodov | Medium - 0 views

medium.com/...fintech-for-2020s-6ed2d8b6f0b6

Fintech Strategy Neobanks Digital Regulations

shared by hibaerrai on 13 Feb 21 - No Cached
  • Neobanks emerged — young banks licensed (often from a traditional institution) and a modern core banking system that allowed them to operate and scale faster while spending much less on customer service. Neobanks started to grow like startups — building only relevant products, nailing marketing. The rebundling phase was under way.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Fintech strategy: Rebundling of the banking industry
  • The next wave currently underway is niche fintech. Due to a dramatic reduction in the cost of launching technology startups (500 times in 20 years), focusing on product group for very specific user personas (teens, retirees, SMEs) became possible. Thanks to their precise relevance, these fintechs enjoy higher customer loyalty and satisfaction.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Fintech strategy: Niche Fintech. Concentrate on one product or product group and one specific type of users. (Agritech)
hibaerrai

FinTech Strategy - MFSA - 0 views

www.mfsa.mt/...fintech-strategy

Fintech Strategy MFSA Digital

shared by hibaerrai on 13 Feb 21 - No Cached
  • the MFSA published a Consultation Document proposing to (i) launch a FinTech Regulatory Sandbox, (ii) set up a framework for the regulatory certification of RegTech solutions, while also encouraging persons developing SupTech solutions to approach the Authority through a dedicated online form, and (iii) provide a status update on the other strategic objectives presented under Pillar 1 of the FinTech Strategy
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      It is a good approach so stakeholers can know more about fintech strategies how it works and what are the regulations
  • MFSA FinTech Strategy Overview The MFSA aims to establish the foundations to enable FinTech start-ups and  scale-ups, technology firms and established financial services providers to develop viable FinTech solutions which drive innovation and enhance access to financial products, increase competition whilst promoting market integrity, deliver better customer experiences, and ultimately, contribute to the long- term success of the Maltese financial services sector.
    • ghtazi
      ghtazi on 13 Feb 21
       
      The goal of the MFSA is to lay the groundwork for start-ups and scale-ups of FinTech, technology companies, and existing financial services providers to create viable FinTech solutions that drive innovation and improve access to financial products, increase competition while promoting market integrity, provide better customer experiences and ultimately contribute to the long-term success of financial products.
  • The MFSA FinTech Strategy proposes to set out six pillars for the MFSA to create a holistic long-term approach to catalyse innovation, growth and competition in the financial services sector, whilst ensuring robust investor protection, market integrity and financial soundness.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Lead- Facilitate - Collaborate - Embrace - Educate - Strengthen
ayachehbouni

Family Bank, SimbaPay Launches Instant Money Transfer to China Over WeChat - 0 views

technext.ng/...nt-money-transfer-china-wechat

shared by ayachehbouni on 13 Feb 21 - No Cached
  • This is not the first cross border transfer initiative by SimbaPay. The London-based company supports more cost-effective and efficient transfer of funds across Africa and Asia (11 countries – 9 African, 2 Asian). These are Nigeria, Kenya, Uganda, Tanzania, Rwanda, Burundi, Ghana, Madagascar, Niger, India and now China.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article proves that Simbapay is known for its strategic initiatives in international transfers from 11 countries in Africa and Asia.
  • SimbaPay developed a third-party payment aggregator that enables funds delivery between Kenyan merchants and their largest source of imports, China. Through SimbaPay’s international money transfer service, merchants and individuals in Kenya would be able to send money to China’s WeChat Pay users from Family Bank’s PesaPap mobile banking application. This can be achieved through M-Pesa and a USSD service
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      This partnership allows for a faster and fa less expensive exchange between China and Kenya.
mehdibella

WooCommerce SnapScan Gateway - WooCommerce - 0 views

woocommerce.com/...woocommerce-gateway-snapscan

Fintech finance SouthAfrica snapscan

shared by mehdibella on 13 Feb 21 - No Cached
  • 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
      samiatazi on 13 Feb 21
       
      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
      kenzabenessalah on 13 Feb 21
       
      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
      mehdibella on 13 Feb 21
       
      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
      kenza_abdelhaq on 13 Feb 21
       
      SnapScan has a competitive flat rate on each transaction of 3% including VAT.
mehdibella

Vodacom's joint M-Pesa/Safaricom platform boosts monthly transactions to $20bn - 0 views

www.theafricareport.com/...s-monthly-transactions-to-20bn

M-pesa kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Vodacom’s joint M-Pesa/Safaricom platform boosts monthly transactions to $20bn
  • This is the outcome of free peer-to-peer M-Pesa transactions, a feature introduced at the onset of COVID-19, the South African network operator said in its latest update to the market on its interim results for the six months that ended on 30 September 2020.
  • The M-Pesa initiative supported rapid platform growth and customer adoption of digital channels “to the point where the M-Pesa ecosystem now processes $20.5bn a month in transactions across our international markets, including Safaricom, and contributed R8bn in revenue in the period.”
mehdibella

Carbon - Quick loans in Nigeria | SME loans | Download Carbon App - 0 views

ng.getcarbon.co

Bank Transfer Money Telecom Fintech Strategy

shared by mehdibella on 13 Feb 21 - No Cached
  • Carbon is a financial service provided by Carbon Finance & Investments Limited (RC 1044655), licensed and regulated by the Central Bank of Nigeria (CBN). We empower individuals with credit, simple payments solutions, high-yield investment opportunities, and easy-to-use tools for personal financial management. We are a global company of over 90 employees with a presence in Mauritius, Nigeria, the United Kingdom, United States, Canada, South Africa, and Kenya.
    • samiatazi
      samiatazi on 13 Feb 21
       
      Carbon is a FS given via Carbon Finance and Investments which is authorized and directed by the Central Bank of Nigeria. this app engages people with credit, straightforward installments arrangements, high return speculation openings.
  • Your money is always working harder for you.Earn up to 11% interest p.a. when you invest with Carbon.
  • Your Carbon account allows you enjoy cheaper transactions, zero account fees, and an annual interest of 2% per annum.
  • ...4 more annotations...
  • Digital banking for all lifestyles
  • Be notified of any issues you may have. We’ll help you stay on top of things.. and it’s completely free.
  • Our physical debit cards give you access to cash withdrawals anywhere. And with our secure virtual cards, you can pay for products on your favourite online stores, in dollars.
  • The best online loan service hands down. Just ensure to pay your loans on time and you'll get access to better loans and so many other rewards. Very ideal for fast track business owners who need quick access to funds on the go.
mehdibella

AgroCenta - Greentec - 0 views

greentec-capital.com/...agrocenta

ghana Fintech Agrocenta

shared by mehdibella on 12 Feb 21 - No Cached
  • AgroCenta brings all the stakeholders in Ghana’s agricultural value chain together to facilitate effective trading within its web and mobile platform. They target rural smallholder farmers and farmer-based organizations that have limited access to markets, logistics, or technology. AgroCenta works to improve the livelihoods of farmers by providing an all-in-one SMS based solution to access commodity pricing, offer goods for sale across Ghana, and an on-demand logistics service to ensure timely deliveries.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      I really admire the concept of AgroCenta because it is able to give smallholder farmers an opportunity to expand their business, which would then aid in providing for their families.
  • Agrocenta tackles some of the main market inefficiencies and challenges to growth for smallholder farmers within the agriculture value chain in Ghana and West Africa. Agrocenta works to improve the limited access to market information, to reduce the exploitative behaviour of local buyers and middlemen and to improve the transportation and logistics linkages between small rural sellers of agri production and the larger urban markets.
  • Business Model
  • ...5 more annotations...
  • Agrocenta draws its revenue streams from the price difference between purchase prices (from smallholders) and prices sold to large off-takers. Agrocenta mobilizes a local network of agents and scouts, who work directly with the local farmer communities and engage in the pre/post-harvest process.
    • mehdibella
      mehdibella on 13 Feb 21
       
      Agrocenta's passion to change the face of agriculture in Africa is built on 3 core values, closely aligned with 3 SDGs. Agrocenta aims to create livelihood empowerement for smallholder farmers, help increase farmers' incomes and thus help reducing poverty.
  • Agrocenta’s passion to change the face of agriculture in Africa is built on 3 core values, closely aligned with 3 SDGs.
  • Agrocenta aims to create livelihood empowerement for smallholder farmers, help increase farmers’ incomes and thus help reducing poverty. Agrocenta aims to help ensure sustainable food security by working to reduce inefficiencies in the agricultural value chain. Agrocenta also aims to contribute towards gender equality by working with many female farmers.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      AgroCenta is actively working on empowering small farmers, reducing poverty, ensuring sustainable food security, and contributing to gender equality.
  • Agrocenta draws its revenue streams from the price difference between purchase prices (from smallholders) and prices sold to large off-takers. Agrocenta mobilizes a local network of agents and scouts, who work directly with the local farmer communities and engage in the pre/post-harvest process.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt is important because it shows how agrocenta encourages smallholders farmers to develop their businesses and face challenges by offering them many financial solutions.
  • Products and Services A comprehensive agricultural services platform including: AgroInfo: provides realtime agricultural information and market prices to smallholder farmers AgroTrade: online trading platform offering ability to buy and sell agricultural commodities TruckR: on demand logistics solutions to deliver agriculture goods from rural aggregation points to urban markets and buyers AgroPay: financial platform allowing farmers to transact digitally
    • ghtazi
      ghtazi on 13 Feb 21
       
      these are the Products and services of agrocenta: agroinfo, agrotrade, truckr, and agropay.
mehdibella

Mobile payment app for cardless transactions | SnapScan - 0 views

www.snapscan.co.za/user.html

Fintech finance SouthAfrica snapscan

shared by mehdibella on 13 Feb 21 - No Cached
  • DonateSupport the causes close to your heart. You can make a once-off donation, and even elect to repeat your donation, turning it into an ongoing, monthly contribution. Have a look at the organisations in the Donate section of the app. Quick and easy way to support a cause Set up a monthly payment to make a long term difference Stay in control, you can view or cancel the contribution at any time
    • samiatazi
      samiatazi on 13 Feb 21
       
      I find it interesting to put Donate section in the platform first page because contributing to the support of the community would enhance the public image of the brand ! So Fintechs can still keep the original values of the companies while going digital.
  • SnapScan is an app that lets you pay with your phone quickly, easily, and safely. Your SnapScan app uses your phone's camera to scan a SnapCode (a unique QR code). Stores have their own SnapCodes, and scanning these codes allows you to pay them. SnapScan is free to use and works with any South African bank, and most international credit cards.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      With snapscan, people can pay in a snap, without the fuss of handling cash, cards or EFTs.
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      SnapScan allows people to pay with a simple scan using a QR code rather than using real cash. This is useful in today's world, especially with the pandemic.
  • Our scan to pay feature is definitely our most loved solution, but we're evolving into so much more because we can't stop making your lives easier. With SnapScan you can pay in a snap, without the fuss of handling cash, cards, or EFTs.
    • mehdibella
      mehdibella on 13 Feb 21
       
      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.
  • ...3 more annotations...
  • What is SnapScan?
  • Your SnapScan app uses your phone's camera to scan a SnapCode (a unique QR code). Stores have their own SnapCodes, and scanning these codes allows you to pay them. SnapScan is free to use and works with any South African bank, and most international credit cards.
  • SnapScan pay links A SnapScan merchant can send you a pay link via SMS or email, which allows you to skip the whole scanning bit altogether, once you tap the link it takes you directly to the pay screen of your app. In-app purchases Take a look inside your SnapScan app. You’ll notice there’s a Prepaid section for airtime, data, and electricity, as well as a section to pay your bills, pay for parking, and donate to the causes close to your heart.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      As an alternative to QR code scanning, SnapScan also allows payments to be done through links that take the user directly yo the pay screen of the app or the "In-app" purchases
  • kenzabenessalah on 13 Feb 21
     
    "loved "
  • hindelquarrouti on 13 Feb 21
     
    There is no doubt that Snapscan has expanded as it strategically covers different area of daily life. From bills payments to donations and sending money. Especially, it has helped customers in avoiding entering their information in different websites, using Snapscan is enough.
mehdibella

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

www.bbc.com/...business-30184359

Fintech finance SouthAfrica snapscan

shared by mehdibella on 13 Feb 21 - No Cached
  • 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
      nourserghini on 13 Feb 21
       
      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
      mehdibella on 13 Feb 21
       
      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
      kenza_abdelhaq on 13 Feb 21
       
      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
      ayoubb on 13 Feb 21
       
      Snapscan
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