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hibaerrai

How WorldRemit continues to lead the way in Nigeria | TechCabal - 0 views

  • WorldRemit has the largest bank payout network for transfers to USD bank accounts in Nigeria, which includes Access Bank, FirstBank, Fidelity, GT Bank, UBA and FCMB, with ongoing plans for further expansion. Cash pickup in USD is also available from the following banks: Fidelity Bank, First Bank, Access Bank, Polaris Bank, FCMB, Zenith Bank and Union Bank. For added security and convenience, both senders and recipients automatically receive transaction and PIN numbers via SMS and email, for cash pick up. Recipients must present both numbers along with their ID at cash collection points. 
    • hibaerrai
       
      WorldRemit took advantage of the pandemic and expanded their services to suit their customers. It made money transfers easier throughout this special period. It's transfers networks largened.
nouhaila_zaki

Egypt's Fawry eyes UAE deal, Saudi and Kuwaiti markets | Reuters - 0 views

  • “We are looking at Arab countries where many Egyptians live whom we can offer many services such as bill payments,” he said. “We hope to enter the Saudi and Kuwaiti markets in 2020,” he added, without giving more details.Okasha said Fawry, which is owned by local and foreign investment funds and dominates the Egyptian market, had no plans to expand to Africa, as speculated by some analysts.“Egypt is a huge market with 100 million people. We don’t find an African market as large as that. We still find big growth chances (in Egypt),” he said.
    • nouhaila_zaki
       
      This excerpt is important because it introduces Fawry's expansion plans to other Arab countries where many Egyptians live i.e. Saudi arabia or Kuwait. It also explains the reasons underlying the refusal to expand in other African markets.
nouhaila_zaki

CEO Interview: Egypt's first unicorn Fawry aims to lead in financial inclusion | ZAWYA ... - 0 views

  • Aversion to electronic financial service remains one of the challenges facing fintech in Egypt, an attitude that COVID-19 has helped mitigate, according to Sabry. Mobile wallet transactions, one of Fawry’s main services, witnessed “phenomenal growth” as soon as a partial lockdown was imposed. The company’s mobile app reached a record high of more than a million downloads between March and June.
    • nouhaila_zaki
       
      This excerpt is important because it discusses how the pandemic has helped Fawry with its growth by suppressing the challenges it usually faced.
  • More than two-thirds of Egypt’s adult population do not have a bank account, and even those who do rarely have full access to financial services. At the other extreme, mobile phone penetration in the country is estimated at over 95 percent, and the number of mobile internet users has reached more than 42 million. For Ashraf Sabry, CEO of e-payment unicorn Fawry, this is a huge business opportunity.
    • nouhaila_zaki
       
      This excerpt is important because it explains the circumstances that contributed to Fawry's success, being the large unbanked population in Egypt coupled with the fast mobile phone penetration in the country.
  •  
    "Aversion to electronic financial service remains one of the challenges facing fintech in Egypt, an attitude that COVID-19 has helped mitigate, according to Sabry. Mobile wallet transactions, one of Fawry's main services, witnessed "phenomenal growth" as soon as a partial lockdown was imposed. The company's mobile app reached a record high of more than a million downloads between March and June."
sawsanenn

Prime Bank, SimbaPay to launch international money transfer service - ThePaypers - 0 views

  • Through the digital platforms, Prime Bank aims to make available a one stop solution to its customers in terms of funds transfer. With the inclusion of SimbaPay, the customers will be able to send money to friends and family across the world using their mobile phones.
    • ghtazi
       
      it is very smart from simbapay to allow people, even those that are unbanked, to do send money to friends and family. If you have a smart phone the App is for you.
  • Kenya-based Prime Bank has partnered with UK-based FinTech SimbaPay, to launch an instant international money transfer service via the bank’s digital platform PrimeMobi.Through SimbaPay, Prime Bank customers will be able to send money directly to bank accounts or mobile wallets across 15 countries in Africa, Europe, and Asia including India, United Kingdom, China, Germany, and Uganda, among others.
    • nouhaila_zaki
       
      This excerpt is important because it introduces the partnership between Prime Bank and SimbaPay, which is intended to facilitate international money transfer through a digital platform PrimeMobi. Over 15 countries all over the world are expected to benefit from the ability to send money to either mobile wallets or bank accounts.
  • To access the service, customers will need to login to the bank’s mobile banking app – PrimeMobi, then click on International Money Transfer icon on the homescreen. After confirming the amount to be sent, the sender’s bank account will be debited, and money credited to the beneficiary instantly.
    • sawsanenn
       
      this excerpt shows how simbapay works and the procedure for customers who want to join the app. It is thoughtful from their side to make it easy for everybody
sawsanenn

(2) SimbaPay: Overview | LinkedIn - 0 views

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

WDO | Lumkani - 0 views

  • The device detects fires by sensing for a rate of rise of temperature, rather than smoke, which would cause many false alarms. In the event of a fire, the detectors communicate to one another by means of radio frequency (RF) to create a community wide alert – the alert is transmitted to neighbouring detectors within a 60m radius of the fire, giving the community at large the necessary advanced warning to deal with the fire before it becomes unmanageable.
    • kenzabenessalah
       
      It's interesting to know that the device detects fire alarms not by smoke but by the rise of temperature. This could prevent many false alarms from happening.
  • Lumkani has created the world’s first networked heat-detector designed specifically for informal settlements. Lumkani’s heat detector addresses the devastation caused by the spread of fires in urban slums, by creating a community wide early warning.
    • tahaemsd
       
      This device detects fires by sensing for a rate of rise of temperature, rather than smoke.
sawsanenn

Fintech Mobile App Case Study | Paga | AgilityIO - 0 views

  • Balancing software development of system functionalities for both native iOS and Android, simultaneously, is quite challenging.
    • ghtazi
       
      both android and ios users can use the application.
  • Since 2009, Paga has built a safe and simple financial ecosystem enabling people to digitally send and receive money throughout Nigeria and other developing countries. After their 2017 initial market launch, Paga approached AgilityIO with a desire to improve the user experience for their mobile app.
    • nouhaila_zaki
       
      This excerpt is importat because it does not only summarizes the services offered by Paga, but it also presents the partnership between Paga and AgilityIO aiming at improving Paga's mobile app user experience.
  • Beginning with our Product Discovery Workshop, we collaborated with Paga's product and marketing teams to help identify new core features and areas for improvement.
    • sawsanenn
       
      this excerpt shows customers' experience with paga, it is a good approach to prove their skills and effectiveness. By giving the opinion of customers about the services, it can target other ones
samiatazi

Our Story - Safaricom - 0 views

  • In the year 2000, we began the Safaricom journey with a view to Transform Lives. Safaricom is one of a small group of about 400 companies across Africa whose annual revenues are more than $1 billion. Many of these companies are pan-African in their operations and are active in increasingly diverse sectors.
  • M-PESA is restoring dignity to thousands of refugees. Through a partnership with the World Food Programme, we are leveraging M-PESA to help more refugees access food, through a product known as Chakula Chap Chap. M-PESA has enabled us to digitize food delivery for over 100,000 households. It has removed the opportunity for corruption by eliminating middle-men, and reduced the cost of distributing relief aid, creating employment and business opportunities for people in refugee camps. This initiative has shown us that our business can help bridge critical gaps for our society.
    • mehdibella
       
      this shows how much M-Pesa is trying to help the much refugees in Kenya by providing the upmost necessities
  • In the year 2000, we began the Safaricom journey with a view to Transform Lives. Safaricom is one of a small group of about 400 companies across Africa whose annual revenues are more than $1 billion. Many of these companies are pan-African in their operations and are active in increasingly diverse sectors.
    • samiatazi
       
      this shows how much M-Pesa is trying to help the much refugees in Kenya by providing the upmost necessities
mbellakbail69

Fintech for All: AgroCenta founder on market access for independent farmers in Ghana | ... - 0 views

  • Financial inclusion, from my personal perspective, is the creation of value added services for the disadvantaged in the society. From the concept of Barefoot Banking to digital innovations, financial inclusion bridges the inequality financial gap that exists between the rural and the urban settings. My personal mission is to make it possible for the smallholder farmer who lives in the most remote parts of Ghana receive payment for his goods and services through a digital solution.
    • hibaerrai
       
      AgroCenta's main goal is to increase financial inclusion in the country as disadvantaged farmers are important. Banks and fintechs don't always care about farmers' rights to extract loans for their businesses, so the point was to create an agritech only consacred for smallholder farmers, and that's amazing.
  • The Fintech space in Ghana is gradually picking up steam with active participation from the public and private sectors. Government regulations on e-money and mobile money technologies are favourable and aiding adoption and rolling out of new technologies every day targeted at the unbanked population. Out of the 6 major telecommunication companies operating in Ghana, 4 are mobile money enabled, facilitating financial transactions between businesses and consumers. Banks also have rolled out services that target financial inclusions. These positive tides are helping shape the Fintech landscape in Ghana.
    • mbellakbail69
       
      AgroCenta's goal is to provide small-scale farmers with access to market by removing exploited purchasing from the value chain and to allow smallholders to directly sell to customers at a fair market price, so as to raise the farmer from subsistence farming to commercial activities.
mehdi-ezzaoui

​Belcash Technology Solutions PLC - 2 views

  • Though each Hello brand represents a different service, they all share one key feature - the mobile phone is the access point for their service.
    • kenzabenessalah
       
      What's important about BelCash and the e-payment industry is that mobile phones are the key access points for the services to be maintained.
  • Belcash is the proprietor and provider of the 'Hello' brand. We attempt to find the perfect fit for our customers and partners. This heavy focus on customer service, innovation and professionalism means that our stakeholders are proud to identify themselves with us
  •  
    the services that Belcash offers to customers and solutions
nouhaila_zaki

Vodafone targets Africa's unbanked with ambitious plans for M-Pesa | Financial Times - 0 views

  • Any move to disrupt M-Pesa would have a dramatic effect on the Kenyan economy. Joshua Oigara, head of the Kenyan bank KCB Group which is a partner of Safaricom for M-Pesa, estimates that about a quarter of Kenya’s gross domestic product is processed over the platform. M-Pesa is already used to pay salaries, book bus tickets and settle invoices in most of its markets. In Kenya it has expanded into more advanced financial services including small loans, supply chain finance, insurance and a growing number of in-store and ecommerce services.
    • nouhaila_zaki
       
      This excerpt is important, not only because it enumerates the different product offerings of M-Pesa i.e. salaries' payment, loan provision, supply chain finance, insurance etc. And most importantly, the excerpt emphasizes the role of M-Pesa as the backbone of Kenyan economy.
mehdi-ezzaoui

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

  • 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.
  •  
    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.
  •  
    From this article we can see that MTN has grown and continues to grow as more and more people will rely on them.
  •  
    MTN's foray into the FinTech space has often been viewed as a game-changer in a very competitive and dynamic FinTech space.
aymanelmamoun

Kenyan insurtech startup Bismart raises funding from GreenTec - 0 views

  • Kenyan insurtech startup Bismart has raised an undisclosed amount of funding from the Germany-based GreenTec Capital, which alongside initial investment will allow it to develop its platform and launch its service offerings by the start of Q4.
    • tahaemsd
       
      the interface being developed by te bismart team allowing the distribution of insurance products across africa
  • The startup will initially offer a small range of service and products that will be expanded quickly, with the interface being developed by the Bismart team allowing the distribution of insurance products across Africa, facilitating the rapid roll-out and scaling of the business. Bismart will also use blockchain-based smart contracts in order to facilitate policy management and offer the security of decentralised databases
    • aymanelmamoun
       
      A valuable strategy to attract more customers with different needs.
omarlahmidi

St. Mary's University Institutional Repository: FACTORS AFFECTING AGENT BANKING DEPOSIT... - 0 views

  • Agent banking has increasingly gained importance in developing countries over the last two decades. However, the extent to which agent banking can be used as a tool to mobilize deposit in the banking sector remains largely unknown and the true benefits of the agent banking model to customers, the banks and the bank agents also remains largely unstudied. The main objective of the study was to assess factors affecting agent banking deposit mobilization in case of lion international bank s.c. The study was conducted among 1,300 recorded agents with a respondent sample of 306 agents.
    • omarlahmidi
       
      Belcash: a company that supplies technology system which used to provide the hello cash mobile and agent banking service.
aymanelmamoun

Eunice Maina: Bismart is transforming the insurance business in Kenya - Platform Africa... - 0 views

  • I always wondered why people would run away from insurance agents, yet insurance is a very important risk management tool. So, I joined insurance firstly, because I was tired of my job at the ICT company, and, secondly, because I wanted to investigate if what insurance agents were selling at the time was genuine.
    • aymanelmamoun
       
      Insurance is a complex sector and requires a lot of studies and investigations.
aymanelmamoun

Germany's GreenTec Capital invests in Kenyan start-up Bismart - Capital Business - 0 views

  • Bismart was awarded seed capital of Sh1 million in April 2018 by Standard chartered Women in Tech programmed and office space for nine months at IBIZ Africa incubator, as the most innovative and scalable business model in Kenya.
    • aymanelmamoun
       
      Bismart awarded the most innovative business model in Kenya.
  • NAIROBI, Kenya, Jul 9- GreenTec Capital, a German investment boutique focused on African start-ups, has entered into an investment agreement with Bismart, a Kenyan start-up insurance aggregator leveraging on digital platforms and technologies to educate and advice customers on the best insurance and investment solutions available in the Kenya market.
    • ayachehbouni
       
      This investment will allow bismart to benefit from greentec's experience and expertise in funding start-ups in Africa in order to accomplish its vision which is to enable customers to access insurance and investment services in a transparent, convenient, and friendly manner.
aymanelmamoun

Why Businesses Need to Invest in Mobile Marketing - Vendasta Blog - 0 views

  • There are about 7.22 billion smart gadgets (including smartphones, tablets and phones) in the world, which are multiplying five times faster than the world’s population Facebook reported to have a total of 1,591 million monthly active users in the fourth quarter of 2015, out of which 823 million were mobile-only Top sites in the US recorded 56% of total traffic from mobile devices Around 1.5 billion smartphone users were recorded in 2014, which is estimated to grow to around 2.5 billion by the end of 2019 By 2020, 70% of the world’s population will own a smartphone, reported by Telegraph 68 million searches are done every hour on mobile devices across the globe, source More emails are opened on mobile devices than desktop 55% of total emails are accessed on mobile devices, according to an email analytics report Number of mobile email users are estimated to grow by 23% this year Emails on mobile phones reflected 26.7% of sales as compared to 20.9% on desktops, according to an email analytics report
    • aymanelmamoun
       
      The following stats are a proof of the present and future of mobile banking and marketing as an attract market for global investors.
aymanelmamoun

Invest Mobile - Environmentally friendly driving on public roads - 0 views

  • nvest-Mobile presented this Friday with a nice gift for the nursing staff in AZ Zeno. The golf cart company donated 900 bouquets of Zeeland tulips to the staff of AZ Zeno this morning at 11 o’clock.
    • aymanelmamoun
       
      Eco-friendly system offers an environment friendly usage attract customers caring about their environment.
  • Invest-Mobile is the licence-holder in the Benelux and Germany for your fuel efficient electric golf carts Garia, iMob and Club Car. Just look at the charisma and the functional / practical possibilities of your new fuel efficient electric mini car. Ideal for urban use!
kaoutarchennoufi

Bank Deals - Fawry - 0 views

  • BenefitsOffering a distinctive integration and management service with various redemption channels. Giving our clients points at their top favorite brands. Providing Customer convenience and ensure a better experience. Increasing customers loyalty and retention through engaging activities and programs. Boosting disbursement pattern motivating them by earning and burning points.
    • kaoutarchennoufi
       
      The good thing is that Fawry focus more on customers satisfaction rather than profits. Their aim is to ensure an unforgettable and unique experience for their customers by implementing engaging programs and different marketing strategies.
  • How it works?
  • InstallmentsAllow credit cardholders to benefit from every purchase by splitting the transaction into fix and equal installments based on the default ranges of 3, 6, 9- and 12-months installment plans. It can be offered in two ways: via POS at store. Via e-commerce websites through Fawrypay
  • ...1 more annotation...
  • Upon successful purchase the bank locks customer’s credit limit at the full amount, and within 1 working day after receiving the daily reports from Fawry, the bank will convert the transaction into installment plan and only charges the customer the monthly payment with/without interest depends on program type.
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..
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