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nouhaila_zaki

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

www.mypaga.com/...C48866E180618E0E570B5BE493B-s1

Paga Nigeria Overview

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • 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
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is an introductory statement of the company Paga, its operations, its goals, its customers, its core offerings, and its innovation programs.
sawsanenn

Paga - Crunchbase Company Profile & Funding - 0 views

www.crunchbase.com/...paga

FinTech E-payments Nigeria

shared by sawsanenn on 13 Feb 21 - No Cached
  • Paga is a mobile payment company. We are building an ecosystem to enable people to digitally send and receive money, and creating simple financial access for everyone. Our mission is to make it simple for one billion people to access and use money. Our first market is Nigeria where Paga is the leading mobile payment company.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Paga is a company located in Nigeria that aims to make it simple for 1 billion people to access and use money with ease.
  • Paga is a mobile payment company. We are building an ecosystem to enable people to digitally send and receive money, and creating simple financial access for everyone. Our mission is to make it simple for one billion people to access and use money. Our first market is Nigeria where Paga is the leading mobile payment company.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt shows the main service of paga fintech and their first market which Nigeria
aymanelmamoun

» Pay with SnapScan at Shavathon | CANSA Shavathon - 0 views

shavathon.org.za/pay-with-snapscan-at-shavathon

SnapScan E-Payment Africa FinTech

shared by aymanelmamoun on 13 Feb 21 - No Cached
  • Yes! SnapScan is safe to use on multiple levels: The app requires a PIN to be entered before any transaction can be completed. This prevents anyone who has your phone from making transactions, as your PIN should be known only to you.  Your card details are also encrypted and stored safely and securely on your phone. Even if your phone is stolen, nobody will be able to see or access your card details.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      I think that it's important to notify that Payment information sits securely in the app. So, the card details only have to be put into the app once, and thereafter all you have to do is enter the Pin. This means the application never transmits the card details to the merchant.
  • SnapScan is a new innovative mobile payment App on a smartphone. It provides a cashless, card-less payment app that consumers can use at thousands of merchants across South Africa or to make donations to CANSA.  It can be used for customers of any bank in South Africa (not just Standard Bank).
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      Card-less, QR Code, and cashless mobile payment app.
kenzabenessalah

Fawry payment method - Adyen - 0 views

www.adyen.com/...fawry

Voucher E-commerce Online

shared by kenzabenessalah on 13 Feb 21 - No Cached
  • Fawry is the dominant ecommerce payment method in Egypt, accounting for almost 60% of payments. This e-voucher product allows shoppers to purchase online and pay afterwards using a 6 digit reference. This reference can be used to pay  at a variety of outlets (retail shops, ATMs or online banking) at more than 166,000 locations in 300 cities nationwide.
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      Fawry allowed customers to have e-vouchers where they can pay afterwards instead of on the spot. I think that it was an interesting concept to have to create more flexibility.
hibaerrai

Nchai Nchai | LinkedIn - 0 views

www.linkedin.com/...recent-activity

Smartel Money E-payments Lesotho Fintech

shared by hibaerrai on 13 Feb 21 - No Cached
  • Smartel Money LTD is an e-commerce business allowing payments and money transfers to be made through the modern ICT platforms as well as using the mobile and non-mobile platforms as well as using the freely downloaded applications. Smartel money is an internet based e-commerce payment system, which intends to be a payment processor for online vendors as well as click and brick businesses, auction sites, grocers and other commercial users, for which it charges a fee.Smartel Money provides the above via the My Wallet (TM) service which comprises a numerous tailored solutions both for businesses, organisations and end customers. For more information visit our website in the link given below.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      The concept of the Mywallet application will be an added value in this of covid-19 since it is contactless.
kenza_abdelhaq

EthioPay Mojaloop Case Study - DFS Lab - 1 views

dfslab.net/ethiopay-mojaloop-case-study

Ethiopay Ethiopia Payments Service

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      This is probably an efficient and scalable way to easily interconnect the different services in the ethiopian banking sector
  • They conducted a technical evaluation of the Mojaloop platform. While Mojaloop seemed to provide the required functionality, for a live deployment it lacked definition around auxiliary requirements to move into production.
  • EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt is important because nowadays the development of companies for consumer products allows the huge opportunity for the expansion of electronic payments because it is assumed that consumers of electronic payments are indeed end-users and also that the majority of payouts are Customers to Business. Expanding enterprises also provide opportunities for big potential Business to Business payments.
  • ...2 more annotations...
  • What they want EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch. What they built They conducted a technical evaluation of the Mojaloop platform. While Mojaloop seemed to provide the required functionality, for a live deployment it lacked definition around auxiliary requirements to move into production. How Mojaloop helps With over 40 million phone subscribers and most banks having their own mobile banking system in Ethiopia, there is no mobile based inter-bank fund transfer. Mojaloop is potentially an efficient and scalable way to easily interconnect these disparate services.
    • ghtazi
      ghtazi on 13 Feb 21
       
      in this excerpt, we can see that Ethiopay wants to add value to the baking sector by adding new products and services. they also do a technical evaluation of the Mojaloop platform, which is the one that provides the required functionalities to the production. Last but not least it shows us that There is no mobile-based inter-bank fund transfer for 40 million telephone subscribers and most banks in Ethiopia have their own mobile banking system.
  • EthioPay (ETS) is owned by a consortium of Ethiopian banks and operates a central switching platform for ATMs throughout the country.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Ethiopay wanted to expand its services by implementing the platform Mojaloop which will interconnect disparate services.
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.
samielbaqqali

Fawry expands services nationwide to overcome high operating costs | MENAFN.COM - 1 views

menafn.com/qn_news_story_s.aspx

Fawry E-payments Housing

shared by samielbaqqali on 11 Feb 21 - No Cached
  • As for the competitive advantages, we are the most popular service, compared to the rest of the companies, on top of our work during the current period to expand the range of services that we offer, where we signed a contract with beIN SPORTS for their customers to pay subscriptions through us. We also agreed with the company to pick up premiums from beIN customers€one million customers to date€in addition to more than 200 services that we currently have.
  • Mohamed Okasha, managing director of Fawry, said the company plans to increase its outlets to 100,000 in 2018 compared to 70,000 outlets this year. The company also provides e-payment services for monthly installment payments for the beneficiaries of social housing projects.
  • chaimaa-rachid on 11 Feb 21
     
    It looks very interesting to see how the company is trying to be dominant in the market. In this article, we can notice that the company tries to be always present in the market by expanding more and more its services.
  • samielbaqqali on 12 Feb 21
     
    Fawry wants to expand its business into housing payments, which will make it gain more customers.
samiatazi

Carbon for SME | Financial Services Infrastructure for Africa - 0 views

sme.getcarbon.co

Carbon Fintechs e-payment Nigeria

shared by samiatazi on 13 Feb 21 - No Cached
  • The complete suite of services to help your business scaleOnline Payments Accept online payments from Visa, Verve and Mastercard in over 40 currencies. All transactions are PCI DSS compliant, 3D Secure enabled, and processed through an SSL encrypted channel.
    • samiatazi
      samiatazi on 13 Feb 21
       
      Carbon provides t customers with many features fo their e-payments, business loans, and transfers !
  • Business LoansTraditional sources of financing are rigid, demand collateral, and do not fit your business flow. Take your business to the next level with up to ₦20 million uncollateralized flexible repayment loans.
  • Funds Transfers & OverdraftsNever let your business run dry again with Optimus. Reliably transfer funds at cheaper rates than the banks and keep your business afloat with an Overdraft when you need liquidity.
  • ...1 more annotation...
  • Identity VerificationCarbonIVS is the most advanced and comprehensive Identity Verification System in Nigeria, helping businesses maintain KYC compliance, fight fraud and onboard customers faster.
hibaerrai

My Wallet Lesotho 1.2.3 Apk Download - com.smartelmoney.my_wallet APK free - 0 views

apk.support/...com.smartelmoney.my_wallet

Smartel Money E-payments Lesotho Kenya Fintech Mywallet Application

shared by hibaerrai on 13 Feb 21 - No Cached
  • MyWallet is a financial technology (fintech) product that allows for payments and money transfers to be made through modern information technology platforms such as mobile phones.Mobile money or electronic money is defined by the Mobile Money Guidelines issued by the CBL as payment instruments that contain monetary value that is paid in advance by the user to the money issuer.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Smartel Money e-payments application is Mywallet. It can be downloaded on any smartphone, and money transfer is quick and easy.
kenzabenessalah

Cassava fintech - Crunchbase Company Profile & Funding - 0 views

www.crunchbase.com/...cassava-fintech

E-commerce Financial inclusion Africa

shared by kenzabenessalah on 12 Feb 21 - No Cached
  • Cassava is a specialised Pan-African Fintech company that delivers innovative digital transaction solutions across the mobile ecosystem. They endeavor to operate wherever money changes hands, with an ambition to drive financial inclusion, digital payments and lead the adoption of e-Commerce in Africa. Cassava is constantly looking for ways tointroduce solutions that bring developmental impact to a diverse range of African communities, thereby improving their quality of life. These solutions are delivered through our strategic partners such as mobile operators, whom we support in attaining their immediate and long-term strategic goals.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      It's inspiring how Cassava is doing the maximum to improve the quality of life in African communities. Introducing these financial services is already a big step.
  • kenzabenessalah on 12 Feb 21
     
    "Cassava is a specialised Pan-African Fintech company that delivers innovative digital transaction solutions across the mobile ecosystem. They endeavor to operate wherever money changes hands, with an ambition to drive financial inclusion, digital payments and lead the adoption of e-Commerce in Africa. Cassava is constantly looking for ways tointroduce solutions that bring developmental impact to a diverse range of African communities, thereby improving their quality of life. These solutions are delivered through our strat"
ghtazi

Belcash Launches E-commerce Platform - 0 views

addisfortune.news/h-launches-e-commerce-platform

Belcash App Platform

shared by ghtazi on 13 Feb 21 - No Cached
  • A Dutch company technology company developed an application that enables buyers to order, pay and receive a shipment. Belcash Technology Solutions Plc launched the e-commerce platform, HelloMarket shipments, with an estimated investment of one million dollars. The application, which was designed with the major aim of allowing local suppliers and manufacturers to promote and sell their products, will provide leather products, crafts, traditional clothing, souvenirs, homemade seasonings and other similar items manufactured by small and medium-sized enterprises. The e-commerce platform, integrated with Hellocash, a mobile and agent banking app for the purpose of making electronic payments, has a delivery system in place through Belcash agents around the country.
    • aminej
      aminej on 13 Feb 21
       
      Belcash Strategy aims to lead the Ethiopian E-commerce market by offering different services in their platform for users. They also facilitate access to so many different products that you can buy just through your phone. They also embraced Fintech by creating an application that is really innovative. They also plan to strengthen innovation by encouraging more people to be reactive in this sector of industry
  • Belcash successfully piloted the app for three months and officially launched it in July 2019. It has supplied 200 tablets to its agents. Thus far, 50 small and medium enterprises have signed up and placed their products on the HelloMarket platform.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      In spite of the many challenges in the sector, such as the lack of a legal framework for e-commerce, Belcash designed a payment system and agents across the country.
  • Belcash successfully piloted the app for three months and officially launched it in July 2019. It has supplied 200 tablets to its agents. Thus far, 50 small and medium enterprises have signed up and placed their products on the HelloMarket platform.
    • ghtazi
      ghtazi on 13 Feb 21
       
      when the app was launched officially in July 2019, the app supplied about 200 tablets to its agents. which means that about 50 small and medium firms have signed up their products on the platfrom.
hibaerrai

SmartelMoney | About Us - 0 views

www.smartelmoney.com/about

Smartel Money E-payments Lesotho Fintech Financial inclusion

shared by hibaerrai on 13 Feb 21 - No Cached
  • Smartel Money Ltd is company that is rooted in the Kingdom of Lesotho. The aim and focus of Smartel money is to provide mobile payment services, savings & credit and monetary transfers and serve thus as an alternative to traditional banking systems. We aim to provide to individuals, institutions, organizations, multi-industry sectors and governments with the cutting edge, fresh and innovative financial management system in this ever changing world. We also aim to improve the quality of cloud computing (payment as a service) and interaction between computers and people to achieve their payment processes.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      This fintech targets all categories as its goal is to increase financial inclusion in the country.
mehdibella

Why this Nigerian fintech startup is volunteering audited financials | TechCrunch - 0 views

techcrunch.com/...olunteering-audited-financials

Bank Transfer Money Telecom Fintech Strategy

shared by mehdibella on 13 Feb 21 - No Cached
  • Nigerian fintech firm Carbon — an early-stage financial services startup based in Lagos — has posted on its website financials audited by KPMG.This comes four months after the company obtained a credit rating as a pre-IPO venture. Carbon — which recently rebranded its OneFi holding company and PayLater product titles into one name — plans to continue releasing its financial results on an annual basis, co-founder and CEO Chijioke Dozie told TechCrunch.This may not be totally unheard of in other global tech markets, but for startups in Africa’s big tech hubs — such as Nigeria — it’s a rarity.One of the first glimpses into startup financials in Nigeria came when Jumia shareholder Rocket Internet went public in 2014, which required it to include limited Jumia data in its annual report. The accompanying prospectus to Jumia’s listing this year on the New York Stock Exchange offered the most expansive financial data to date on a tech venture operating in Africa.Prior to this — and still for the most part — companies in the continent’s (mostly) pre-public (earlier-stage) startup hubs — such as Nigeria — provide little to no financial performance info.“Typically, in the local market, we have not seen a lot of voluntary transparency or the availability of data,” said Lexi Novitske — a Lagos-based VC investor at Acuity Venture Partners.“Most startups are concerned such disclosure could expose losses, give market intel to competitors or attract unwanted attention from regulators. It could also lead to negative negotiation leverage if partners saw that they were making good returns.”So why’d Carbon go to the trouble of putting its pre-public accounting out in the open for anyone to see?
  • Clients and recruiting were two reasons. “From a customer perspective, we are trying to get people to trust us with their financial services…so they can see this is the institution I’m dealing with and this is their financial position,” explained Carbon’s Dozie.Carbon has evolved from its original focus as an online lender to offer a broader array of mobile-based financial services — including payments, investment products, credit reports and business banking services. In March, the company acquired Nigerian payment solutions company Amplify for an undisclosed amount.By stats offered by Briter Bridges and a 2018 WeeTracker survey, fintech now receives the bulk of VC capital and deal-flow to African startups, many of which are attempting to reach the continent’s large unbanked and underbanked populations.Carbon fits into that category and its CEO believes being upfront about the startup’s financial position will attract top talent. “From a recruitment perspective, we want recruits to know we have good prospects — that this is a company that’s doing well and wants to keep doing well,” said Dozie.That impression is buoyed by Carbon’s initial results, which were fairly positive for a Series A-stage startup. The company had revenues in 2018 of $10 million, according to its online annual report, and turned a profit of around $500,000.It’s helped with recruiting interest, according to Dozie, who said he’d marked an increase in candidates inquiring about open positions since the results were posted.
    • samiatazi
      samiatazi on 13 Feb 21
       
      the main leypoints of this article: Nigerian fintech firm Carbon posts financials evaluated by KPMG. Carbon as of late rebranded its OneFi holding organization and PayLater item titles into one name. The organization had incomes in 2018 of $10 million, as indicated by its online yearly report.
  • we don’t get considered because investors don’t really think that you can get the results or this performance in the markets that we’re in,” he added — noting that Carbon has operations in Nigeria, Ghana and South Africa and is considering expansion in Senegal, Côte d’Ivoire, DRC and Egypt.Investor Lexi Novitske thinks Carbon offering financial performance data is a good thing for Africa’s tech ecosystem. “The move builds trust from clients, partners or investors in a market where there is not a lot of openness,” she said. “I am encouraged to see how other companies will react. My hope is that more will openly report their own metrics…”Dozie says the company will continue to post audited financials on an annual basis, even if they show losses. If the startup continues to expand, attract capital and talent and grow revenues, other Nigerian fintech firms may follow suit.
  • ...3 more annotations...
  • Why this Nigerian fintech startup is volunteering audited financials
  • Clients and recruiting were two reasons. “From a customer perspective, we are trying to get people to trust us with their financial services…so they can see this is the institution I’m dealing with and this is their financial position,” explained Carbon’s Dozie.
  • Carbon has evolved from its original focus as an online lender to offer a broader array of mobile-based financial services — including payments, investment products, credit reports and business banking services. In March, the company acquired Nigerian payment solutions company Amplify for an undisclosed amount.
samielbaqqali

Bango, TPAY MOBILE partner to boost mobile commerce - ThePaypers - 2 views

thepaypers.com/...boost-mobile-commerce--1246784

E-payments Bungo Partnernship

shared by samielbaqqali on 07 Feb 21 - No Cached
  • UK-based mobile commerce company Bango and UAE-based mobile payments enabler TPAY MOBILE have formed a strategic partnership to increase access to mobile commerce.
  • samielbaqqali on 07 Feb 21
     
    T-Pay is a very well developped and special application that deserves the interest and truth from developped countries like UK.
  • hichamachir on 08 Feb 21
     
    This kind of partnership can only improve the service of mobile commerce provided by both companies. However, there's always a risk that both companies cannot find the adequate strategy in order to conquer the targeted market.
hibaerrai

WorldRemit launches new product for business payments to Ghana | Africanews - 0 views

www.africanews.com/...for-business-payments-to-ghana

WorldRemit Remittance E-payments

shared by hibaerrai on 13 Feb 21 - No Cached
  • WorldRemit’s low fees and exchange rates are shown up-front and customers can send money easily via the company’s website and app. By extending its money transfer service to SMEs, WorldRemit will save businesses time and money when they make international payments.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      WorldRemit transfer fees are quite low, and I believe that is caused by competition. In fact, banks provide the same services, however their fees are higher. So decreasing fees is a huge selling point for the fintech.
  • Today, we’re pleased to extend that service offering to businesses, and put an end to the steep fees that many pay, especially when sending to Ghana. We’re committed to making it quick, safe and easy for you to pay individuals across borders, leaving you to focus on growing your own business.”
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Low costs strategy is a winning strategy.
sawsanenn

http://etd.aau.edu.et/bitstream/handle/123456789/17174/Ayalew%20Lake.pdf?sequence=1&isA... - 3 views

etd.aau.edu.et/...Ayalew%20Lake.pdf

FinTech E-payments ethiopia issues Online

shared by sawsanenn on 11 Feb 21 - No Cached
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      The important aspect to take from this pdf is that due to EthioPay's reliable and beneficial platform, Ethiopian banks have begun to adopt its method. In my opinion, this adoption is essential to the Ethiopian population because it leads to efficient and effective financial services.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      The key message to take from the pdf is that banks have adopted EthioPay methods due to its reliable, secure, and efficient transactions.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      What I conclude is that EthioPay payment service offers numerous advantages for both banks and customers, while the low level of customer acceptance of interbank electronic payment services is noted in Ethiopia. However, this electronic payments service cannot deliver the intended benefits unless it is used by commercial banks.
sawsanenn

SimbaPay | F6S - 0 views

www.f6s.com/simbapay

FinTech E-payments Kenya

shared by sawsanenn on 13 Feb 21 - No Cached
  • Customers can also use our bill settlement technology to pay merchants in Africa such as universities, mortgage providers, hospitals, utility companies etc. Payments are instant and we cut out the 'middle-man' thus reducing transaction costs for the customer.
  • Customers can also use our bill settlement technology to pay merchants in Africa such as universities, mortgage providers, hospitals, utility companies etc. Payments are instant and we cut out the 'middle-man' thus reducing transaction costs for the customer.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Simbapay permits its users to use their technology to pay merchants in Africa and promises an instant payment, and reduce the transaction costs.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      The excerpt is important because it provides us with an overview oof product/service offerings from SimbaPay. The main objective of SimbaPay seems to be cutting out the middle man, and reducing the transaction costs that customers used to pay for before.
  • We offer additional services to Diaspora such as opening bank accounts back home using our app. This initiative won us the Demo Africa 2015 award and has seen strong interest thus far. We are also working on offering other Diaspora services such as insurance for relatives back home and P2P lending from Diaspora to borrowers back in Africa.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it complements the previous paragraph, as it introduces another set of services offered by SimbaPay. These services targetted towards the Diaspora are core to what SimbaPay proposes to customers.
  • ...1 more annotation...
  • We let customers send money to family and friends in Africa in a fast, convenient and cheap way. Users in the UK & Europe can use our app to have money delivered instantly to mobile wallets or bank accounts of their loved ones in Africa.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      It is a good and trustworthy way to send money to Africa. the fact that they make the transaction cheap can give simbapay a competitive advantage
sawsanenn

Paga: Send and Receive Money - 0 views

www.mypaga.com

Nigeria FinTech E-payments

shared by sawsanenn on 10 Feb 21 - No Cached
  • Paga is a mobile payment company. We are building an ecosystem to enable people to digitally send and receive money, and creating simple financial access for everyone.
    • sawsanenn
      sawsanenn on 10 Feb 21
       
      These types of digital financial services offered to the mass market and increasing the usage of mobile money can play a strong role in promoting inclusive growth.
  • Banked or unbanked, online or offline Paga offers you a central place for simple money transfers.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Like simbapay, Paga's target customers are the ones that have a Smartphone. it does not matter if they are banked or not.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects what Paga proposes for individuals (banked or unbanked) very briefly.
  • Paga for Agents Earn a commission for every transaction you perform for your customers. Paga for Business Accept payments or disburse money to banked or unbanked customers in Nigeria
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it provides a concise introduction of what Paga offers for Agents (a commission on every transaction) and for Businesses (receive or make payments to banked or unbanked customers) in Nigeria.
  • ...2 more annotations...
  • We ensure that your money is safe by complying with the highest global security standards.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is very important because it claims that Paga is compliant with the highest global security standards. It is very good to know that because cyber security is a core concern for all companies offering digital services.
  • Enjoy a smooth and stress-free money transfer experience across all your devices.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      paga offers a free and easy money transfer that make transactions go smoothly without any technical issues
sawsanenn

Paga Definition - 0 views

www.investopedia.com/...paga.asp

FinTech E-payments Nigeria competition

shared by sawsanenn on 13 Feb 21 - No Cached
  • In order to prevent fraudulent transactions, Paga has put certain measures in place to protect its users. A user logging into an unrecognized device, for example, will have to answer a couple of security questions before proceeding. Again, every transaction using Paga has to be finalized with a personal PIN known only to the user.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Paga has placed such steps in place to protect its users in order to discourage fraudulent transactions. For example, a user logging into an unrecognized computer would have to answer a few safety questions before continuing. Again, with a personal PIN is known only to the user, any transaction using Paga must be finalized.
  • With Paga, customers are able to deposit and save money, purchase prepaid phone credit, pay utility and cable bills, and make payments to retailers. The partnership between Paga and Western Union also has the added benefit where Western Money transfers sent to users can be deposited into their Paga accounts.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it discusses Paga's offerings fist, before moving to how Paga's partnerships, here with Western Union, helped the fintech improve its offerings.
  • Paga was introduced in Nigeria to take advantage of the cash buildup in the system and to create a means whereby financial services are available to all. Although the banking sector in Nigeria is not easily accessible to everyone, the telecommunications industry has been more successful in reaching a large portion of the country’s population. The collaboration of both the banking and telecom sector has given rise to mobile banking platforms like Paga, where a user can perform basic financial transactions with the use of a cellphone. Paga works through a mobile phone application or online through the company’s website.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it narrates the context in which Paga emerged. The combination of a large unbanked/underbanked population and high accessibility to telecommunications contributed to the establishment and subsequent success of Paga n Nigeria.
  • ...1 more annotation...
  • A number of other mobile wallet and payment service platforms are increasingly being implemented in emerging nations that have a high percentage of unbanked groups. M-Pesa, MTN Mobile Money, Airtel Money, and Orange Money are examples of mobile banking applications that are being employed to include all people in the growing digital financial sphere.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt talks about companies that strated to offer the same services as paga which made them competitors to paga
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