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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
nouhaila_zaki

What Kenya's mobile money success could mean for the Arab world - 1 views

www.worldbank.org/...-could-mean-for-the-arab-world

M-Pesa Kenya Arab World

shared by nouhaila_zaki on 12 Feb 21 - No Cached
  • For a successful model, the Arab World can look to Kenya’s development of mobile money or “M-Pesa”. In many ways, the elements that lead to M-Pesa’s success in Kenya are already present in the Arab World. Young people in MENA are digitally savvy, are active on social media and are some of the heaviest users of mobile phones in the world.
    • hichamachir
      hichamachir on 12 Feb 21
       
      M-Pesa can influence many countries to believe in the power of technology and innovation. I think that embracing the entrepreneurial lifestyle can help many countries to innovate and create successful business and M-Pesa is a great example.
  • The growth of M-Pesa is the result of many factors, including the ease of setting up an account (which is free and only requires an official ID), its simplicity of use, its affordability, the high literacy rate of the population, and the high penetration of mobile phones.Another key element to M-Pesa’s growth worth emphasizing is the regulatory stance adopted by the Central Bank of Kenya (CBK). It decided not to oppose the entry of the telecom operator into the financial sector as long as it offered sufficient guarantees. CBK adopted an “above the fray” position as a regulator and allowed for experimentation in order to foster innovation.
  • The successful adoption of M-Pesa in Kenya reverberated across the African startup scene. It acted as a catalyzer and a signal for young entrepreneurs in Kenya and Africa as a whole: revolutionary ideas could be successfully implemented in Africa and generate both business opportunities and a development path for local communities.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      M-Pesa will influence many nations to believe in the potential of creativity and technology. I think it will help many countries to innovate and build effective companies by adopting the entrepreneurial lifestyle, and M-Pesa is an excellent example.
  • ...1 more annotation...
  • A MENA perspectiveMENA could easily follow in Kenya’s footsteps, and reap immense benefits. The adoption of mobile payment systems makes transactions cheaper, easier and safer. By simplifying how clients can pay for goods and services, it helps firms reach out to new customers and foster private sector development across the economy. Moreover, as is often the case with innovations, it has the potential to be built upon and used by other new technologies and to create a positive momentum in fintech as a whole.Governments in the Middle East and North Africa should enable digital innovation with conducive regulations and the development of a regulatory ‘sandbox’, which guarantees the security of transactions but allows for experimentation, that would stimulate the development and adoption of disruptive innovations.Today, economic connectivity is achieved by the development and harmonization of optic fibers, IT equipment, online payment systems, information transmission and data protection policies. If the MENA region puts sufficient efforts in this direction, it could propose a new path to its citizens, in particular the youth, and bring about a new development strategy adapted to the modern age.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This except is very interesting because it touches upon the way in which M-Pesa could benefit MENA societies. It encourages MENA governments to legislate in favour of innovation and digital products in order to propose a new development strategy that befits the modern age.
  • mohammed_ab on 12 Feb 21
     
    I think that this article has some great information on how to replicate the success story of M-Pesa in the Arab World. I think that the Arab World is in need of such service to facilitate the life of unbanked people, and especially women. This article also highlights the importance of having a lenient regulatory system.
aminej

Ghana maintains score on Corruption Perception Index | ARAP-Ghana - 0 views

www.arapghana.eu/...on-corruption-perception-index

Ghana Threat Political Factor High Corruption Index

shared by aminej on 27 Feb 21 - No Cached
  • The 2019 Corruption Perception Index (CPI) was released worldwide on 23 January 2020, scoring and ranking 180 countries and territories by their perceived levels of corruption.  The Index put together by Transparency International ranks countries annually by their perceived levels of corruption, as determined by expert assessments and opinion surveys.
    • aminej
      aminej on 27 Feb 21
       
      The corruption index ranks Ghana 75th worldwide, doing better than 37 african countries but less than 9 others. Still corruption can be considered as a threat for our company since it can affect the political framework in which our company operates
  • The index foresees a range between zero (highly corrupt) and 100 (very clean), and based on these points, it ranks countries from the best performing to the worst-performing.  Since CPI is a perception index, no country will ever achieve a perfect score.  
aminej

Ghana Interest Rate - Ghana Economy Forecast & Outlook - 0 views

www.focus-economics.com/...interest-rate

Economic Factors Inflation Interest Rates Montary Policy Threat Ghana

shared by aminej on 27 Feb 21 - No Cached
  • At its 26–29 January meeting, the Monetary Policy Committee of the Bank of Ghana decided to keep the policy rate steady at 14.50%, marking the fifth consecutive hold. The decision reflected the Bank’s assessment that despite inflation accelerating recently, it expects it to return to target in the second quarter of this year. Inflation jumped to 10.4% in December 2020 (November: 9.8%) as a result of quicker food inflation, thus landing above the Bank’s target range of 6.0%–10.0%. Although short-term risks to inflation are also emerging from fiscal expansion and rising oil prices, they remain broadly contained according to the Bank, enabling it to maintain its accommodative stance.
    • aminej
      aminej on 27 Feb 21
       
      The economic factors in Ghana are a little bit worrying since inflation is really high (10.4%), interest rates at 14.50%. It shows that the Ghanean economic is really volatile and can affect demand and competitivity within the country if not maintained controlled
aminej

Ghana - Market Overview - 0 views

www.trade.gov/...ghana-market-overview

External Analysis Demographics Social Factors Youth Digitalization

shared by aminej on 27 Feb 21 - No Cached
  • Ghana is a country of roughly 30 million people. It is a young and fast-growing country, with a relatively high population growth rate of 2.2 percent. More than half the population (57 percent) is under 25 years old. The country’s capital, Accra, is a bustling metropolitan area that is home to roughly 2 million people. Kumasi, the capital of the Ashanti Region north of Accra, is another large population center and an active commercial center with roughly the same population as Accra.
    • aminej
      aminej on 27 Feb 21
       
      The demograhics in Ghana are fascinating since half of the population is under 25 which is good for our company and digitalization in general throughout Ghana. The younger population will be more keen to use mobile apps than elder generations
aminej

About Us | WorldCover Insurance - 0 views

www.worldcovr.com/about-us

Insurance Online Technology Rural Farmer Agriculture Fintech Ghana

shared by aminej on 11 Feb 21 - No Cached
  • We believe we can bring parametric insurance to the worldBuilding our product from the ground up, five years ago we started by selling simple weather insurance to smallholder farmers in Africa via agents and in-person marketing - selling over 30,000 policies direct to farmers. Since those days, we have incorporated digital marketing, scaled our technology and sold our policies to customers around the world.We want to help high value crop growers manage their financial risk to climate change, unpredictable weather and natural disasters.WorldCover’s product vision is for commercial farmers to experience parametric insurance in a way that is easy to understand (simple), engenders trust (transparent), and fits them well at any size (tailored).
    • aminej
      aminej on 11 Feb 21
       
      This is a very good product for farmers who suffer from losses due to natural disasters or weather issues and also from regulations on agricultural products. It is important to help this category of people because their job is extremely important and hard sometimes. It is also a good way to show them that they can be protected.
samielbaqqali

The remittance industry is failing those who need it most - By Dr Ismail Ahmed, founder... - 1 views

africanarguments.org/...il-ahmed-founder-of-worldremit

Remittance Payment Algeria

shared by samielbaqqali on 11 Feb 21 - No Cached
  • The remittance market in Africa has for too long been monopolised by companies imposing very high fees that are on average three times those charged on remittances to Asia. They combine a pricing structure that imposes extortionate minimum charges with consistently poor services.
  • This has its roots in Western Union’s early activities in the African continent. As the first formal mover in the money transfer market, it worked to establish long-standing exclusivity agreements with all major African banks and money transfer agents, barring them from working with competitors. Such exclusivity agreements have propelled Western Union to a near-monopoly position in key African corridors, and have prevented the industry from being competitive.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      WorldRemit's founder claimed that the remittance industry is failing individuals who most need it. I believe that by offering low fees and gaining consumer confidence, WorldRemit will profit from this issue.
  • hichamachir on 11 Feb 21
     
    The founder of WorldRemit stated that the remittance industry is failing people who need it the most. I think that WorldRemit can benefit from this problem by providing low fees and gain customer trust.
samielbaqqali

Fawry's market cap swells to over $2 billion - MENAbytes - 0 views

www.menabytes.com/fawry-2-billion

Fawry Egypt EGX

shared by samielbaqqali on 11 Feb 21 - No Cached
  • Being the leading the electornic payments player in Egypt, Fawry is arguably the biggest benificiary of acceleration of digital payments there. It offers hundreds of electronic payment services through its network of over over close to 200,000 service points across Egypt – whcih include ATMs, mobile wallets, retail shops, post offices, and vendor kiosks. Fawry has introduced many new payments and lending products for both consumers and businesses over the last tweleve months and is apparently on additional new services too that are expected to be rolled out within the next few months.
  • Less than six months after becoming the first billion-dollar technology company in Egypt, Fawry has hit another milestone by surpassing the $2 billion market cap for the first time. Its stock has doubled in the last six months and closed at an all-time high of EGP 46.90 today, pushing its market cap to over EGP 32 billion. This makes it the fourth most valuable company listed on The Egyptian Exchange (EGX) and it seems that it’s only a matter of days before it takes the second position.
  • The Egyptian payments firm had gone public in August 2020 by listing its shares on EGX at the price of EGP 6.46 per share. The share price has surged over 7x after company’s public market debut about eigtheen months ago.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      The pioneer of Egypt's digital transformation and e-payment network has been Fawry. The organization received around $57 million in sales, an annual rise of 45.2 percent.
  • chaimaa-rachid on 11 Feb 21
     
    Fawry has become the leader of the digital transformation and e-payment platform in Egypt. The company made about $57 million in revenue, a 45.2 percent increase year on a yearly basis.
hindelquarrouti

Artificial Intelligence Innovation in Financial Services - 1 views

openknowledge.worldbank.org/...34305

Artificial Intelligence WorldCover Fintechs

shared by hindelquarrouti on 12 Feb 21 - No Cached
  • Artificial intelligence technologies are permeating financial services sectors around the world. The application of these technologies in emerging markets allows financial service providers to further automate their business processes and to leverage new and big data sources to overcome obstacles, including the high cost of serving rural and low-income customers and establishing customer identity and creditworthiness, that prevent the delivery of financial services to many consumers.
  • hindelquarrouti on 13 Feb 21
     
    Worldcover benefits from the use of AI in emerging markets as it allows it to automate even more its business process and leverage big-date in order to solve problems and overcome obstacles.
hindelquarrouti

Fawry changing the culture of payment in Egypt: Top management - Daily News Egypt - 1 views

dailynewsegypt.com/...e-payment-egypt-top-management

fawry Fintechs Services

shared by hindelquarrouti on 11 Feb 21 - No Cached
  • our solution is based on high technology and based on Service Oriented Architecture (SOA) standard. We are highly available and our system is scalable as it can carry huge numbers of transactions. We are now certifying for the Payment Application Data Security Standard (PA-DSS) for security development and we’re following the standards of the Interactive Financial Exchange (IFX), ISO27001 and other different standards related to technology and security. Our solution is based on applying the latest technology, following the latest standards and being reliable. Moreover we allow easy access through more channels than competition to satisfy our customers’ needs. Also we’re covering more sectors and providing more services than our rivals.
  • Fawry is an Egyptian company that started in 2009 with the purpose of offering electronic payment services through several payment channels. The service started at banks and a big network of outlets all over the republic as well as Egypt post.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      The business aims to be creative as much as possible and to make all its offerings very realistic in order to make it simpler for its customers. Fawry cares a lot about the happiness of its customers. I believe Fawry recognizes the value of customer loyalty and how it allows an organization to retain profitability.
  • Fawry is an Egyptian company that started in 2009 with the purpose of offering electronic payment services through several payment channels. The service started at banks and a big network of outlets all over the republic as well as Egypt post.1 Now we are covering about 60 types of bills, where we cover the telecommunications sector and lately we covered all electrical companies in the country and some water companies. We also offer our services at universities and syndicates. Adding to that, users can now buy their airline tickets through us.
  • ...1 more annotation...
  • Fawry is an Egyptian company that started in 2009 with the purpose of offering electronic payment services through several payment channels. The service started at banks and a big network of outlets all over the republic as well as Egypt post. Now we are covering about 60 types of bills, where we cover the telecommunications sector and lately we covered all electrical companies in the country and some water companies. We also offer our services at universities and syndicates. Adding to that, users can now buy their airline tickets through us.
  • chaimaa-rachid on 11 Feb 21
     
    Fawry cares a lot about the satisfaction of its customers, the company tries to be innovative as much as possible and to make all its services very practical in order to make life easier for its customers. I think Fawry knows the importance of customer satisfaction and how it helps a business maintain sustainability.
  • hindelquarrouti on 13 Feb 21
     
    Fawry is gaining more and more popularity in Egypt. Also, it has developped two methods of payments: 1) anonymous: in which customers can pay their bills without actually revealing their identity. 2)Account creation: in this case the customers need to create an account with Fawry; this last one makes the process much easier for the customer
hindelquarrouti

South African fintech JUMO to expand in Asia with Goldman Sachs backing - 1 views

cn.reuters.com/...idUSKCN1LY19O

Jumo fintech data

shared by hindelquarrouti on 11 Feb 21 - No Cached
  • South Africa-based financial technology firm JUMO plans to expand in high-growth Asian markets after securing the backing of Goldman Sachs GS.N in an equity funding round, the company's chief executive said.
  • Since its founding in 2014, JUMO, which helps individuals and small businesses access savings and credit products through their mobile devices, has mainly focused on Africa where the adoption of mobile money has transformed the banking landscape.
  • JUMO uses behavioural data such as mobile telephone use to help financial services providers and mobile network operators assess lending risk and tailor financial products to those living in developing countries where credit information is scarce.
  • ...2 more annotations...
  • Since its founding in 2014, JUMO, which helps individuals and small businesses access savings and credit products through their mobile devices, has mainly focused on Africa where the adoption of mobile money has transformed the banking landscape.
  • More than 9 million people have saved or borrowed using JUMO technology since it was launched in 2014. The platform has originated over $700 million in loans and manages over 25 million customer interactions per month, the company said.
  • samielbaqqali on 11 Feb 21
     
    African companies gain more fame and improve their brand names while expanding their businesses into other continents.
  • chaimaa-rachid on 12 Feb 21
     
    JUMO offers financial services to individuals who do not have access to these services. It also provides a reliable and inexpensive option for local unregulated lenders.
  • hindelquarrouti on 13 Feb 21
     
    As it targets low-income people, Jumo has focused a lot on Africa, and it has provided its users with credits and saving options using mobile devices. This company is characterised by using behavioural date in order to help financial services providers to asses lending risks because credit information are usually minimal
ayachehbouni

Fawry Teams Up with Visa to Accelerate Digital Payment Solutions Across Egypt - 0 views

thestartupscene.me/...Payment-Solutions-Across-Egypt

shared by ayachehbouni on 13 Feb 21 - No Cached
  • Feeding into the Central Bank of Egypt’s grand plans of building a digital economy and advancing digital and financial inclusion, the partnership aims to increase use of digital payment solutions such as POS terminals and QR solutions, by leveraging Visa’s global network and Fawy’s on-ground, localised solutions.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      A recent Visa 'Stay Secure' survey in Egypt showed that a high and still rising number of Egyptians now prefer cashless payments. This partnership would help in providing financial services to more unbanked and underbanked and increase electronic payments acceptance, which is both Fawry's and Visa's goal.
nouhaila_zaki

Mama Money - New Transfer Providers | Digital Frontiers Institute - 0 views

digitalfrontiersinstitute.org/...ewest-money-transfer-providers

Mukuru Lesotho Competitors Mama Money

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • So how does Mama Money offer their service at 5% whereas Mukuru, arguably the most popular service over the South Africa-Zimbabwe corridor, charges double this? From our experience of testing these two services, we noted a few key differences in how they operate which is likely to drive the cost differential between the two services. These differences include: · Mama Money maintain low overhead costs. Mama Money operate a single branch in Cape Town whereas Mukuru operate at least seven of their own branches nationally and they also operate through the Inter Africa branch network · Mama Money offer limited support beyond registration. In comparison, Mukuru operate a large 24 hour call centre and live chat function that supports and facilitates transfers. These support functions are no doubt very expensive to operate · Mama Money have a single partner organisation in Zimbabwe. Mama Money only have a single partner in Zimbabwe, CABS bank, whereas Mukuru have partnerships with a number of banks, retailers and mobile wallets. That said, if Mama Money’s Facebook comments are anything to go by, they may be adding more partner organisations in Zimbabwe, so this factor may soon be invalidated So while Mama Money’s competitors charge considerably higher fees, in the case of Mukuru, these higher fees are associated with some value-added benefits for the customer, for instance 24hr support on transactions for the sender and, for the recipient, a choice in how to receive the money.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt explains how one of Mukuru's competitors Mama Money manages to charge lower commission fees (only 5% for Mama Money, and 10% for Mukuru). This could become an opportunity for growth for Mukuru who can attempt to find ways to cut its commission fees to attract more customers while maintaining its high quality and diversifying towards other services/products to gain more profit elsewhere.
nouhaila_zaki

Fawry sells major stake for $100M - Wamda - 0 views

www.wamda.com/...-major-stake-in-fawry-for-100m

Fawry Egypt Equity Structure Investments

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Helios now owns the lion’s share of the company by acquiring 40 percent, followed by MENA LTV with 25 percent, and EAEF with 20 percent. The International Finance Corporation (IFC) acquired 18 percent of Fawry’s shares at the beginning of 2013, which was followed by another investment by EME International, who did not disclose the stake they took in the company. IFC now owns only 5 percent of Fawry, and 10 percent is owned by Fawry’s management. “The two organizations will remain stakeholders,” said Fawry CEO Ashraf Sabry. “Currently, they have no intention of an exit, and we also have no intention of going public before at least five years.” The arrival of new investors would not affect the company’s management structure, he adde
  • “The most important thing to look for in investors is that they should have experience in investing in similar markets, with similar economic and social conditions,” Sabry said. “This way, they they can understand the challenges that await their investment. This is in addition to their having lots of patience, so they can make their intended profit.”
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This article and most particularly the highlighted excerpts are very important because they introduce us to the equity structure or fawry (20% Helios, 5% IFC, 10% Fawry's management etc). Also, the article introduces us to the criteria sought in potential investors before accepting and initiating the collaboration, which include the need for these investors to understand the risk coming with their investment in such a fast pace high risk market.
  • nouhaila_zaki on 13 Feb 21
     
    "Helios now owns the lion's share of the company by acquiring 40 percent, followed by MENA LTV with 25 percent, and EAEF with 20 percent. The International Finance Corporation (IFC) acquired 18 percent of Fawry's shares at the beginning of 2013, which was followed by another investment by EME International, who did not disclose the stake they took in the company. IFC now owns only 5 percent of Fawry, and 10 percent is owned by Fawry's management. "The two organizations will remain stakeholders," said Fawry CEO Ashraf Sabry. "Currently, they have no intention of an exit, and we also have no intention of going public before at least five years." The arrival of new investors would not affect the company's management structure, he adde"
hichamachir

Pula Partners CGAP to Bring Satellite-Based Agricultural Insurance to 18 Million Nigeri... - 1 views

techmoran.com/...-million-nigerian-smallholders

Pula Partners Fintech Insurance

shared by hichamachir on 13 Feb 21 - No Cached
  • Over 2.5 billion of the world’s adults remain unbanked and have no access to formal banking or semiformal microfinance institutions according to a report by McKinsey.
  • Pula Advisors, a fintech firm reimagining agricultural insurance to protect smallholders worldwide, with operations in Kenya, Rwanda, Uganda, Nigeria, Ethiopia and Malawi has partnered with the Consultative Group to Assist the Poor (CGAP) to deploy satellite-based agricultural insurance to smallholder farmers in Nigeria who are estimated to be around 18 million. With the partnership, Pula will install satellite technology to track a wide range of catastrophes cost effectively, at speed and without missing out on any areas.
  • “We hope that the high-quality yield and satellite data available today will enable local insurers and Pula Advisors to create an innovative yield predictive model that decreases the cost of area yield index insurance. At the end of the day, we want to make this product more accessible to smallholder families, allowing them to invest with more confidence and increase their yields,” said Emilio Hernandez, who leads CGAP’s work with smallholders.
  • mohammed_ab on 13 Feb 21
     
    This article highlights the partnership between Pula and CGAP, which enabled Pula to use satellites to better study & analyze the lands of farmers. The use of satellites will allow Pula to be very cost-effective and quick in analyzing weather uncertainty.
  • hichamachir on 13 Feb 21
     
    I like how Pula always thinks about improving its technology. Using partnerships in order to improve the business you is always a great idea. I highly support that.
nouhaila_zaki

Fawry's market cap swells to over $2 billion - MENAbytes - 1 views

www.menabytes.com/fawry-2-billion

Fawry Egypt Stock Market Pandemic

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • ess than six months after becoming the first billion-dollar technology company in Egypt, Fawry has hit another milestone by surpassing the $2 billion market cap for the first time. Its stock has doubled in the last six months and closed at an all-time high of EGP 46.90 today, pushing its market cap to over EGP 32 billion. This makes it the fourth most valuable company listed on The Egyptian Exchange (EGX) and it seems that it’s only a matter of days before it takes the second position. The Egyptian payments firm had gone public in August 2020 by listing its shares on EGX at the price of EGP 6.46 per share. The share price has surged over 7x after company’s public market debut about eigtheen months ago.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Rapid Stock growth of Fawry after introduction in the Egyptian Exchange On August 2020. It is currently the fourth most valuable company listed in the EGX.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it discusses Fawry's market cap which increased to $2 billion in 2021, thus becoming the fourth most valuable company listed on the Egyptian stock exchange. Fawry is also expected to take the second position in a matter of days.
  • Being the leading the electornic payments player in Egypt, Fawry is arguably the biggest benificiary of acceleration of digital payments there. It offers hundreds of electronic payment services through its network of over over close to 200,000 service points across Egypt – whcih include ATMs, mobile wallets, retail shops, post offices, and vendor kiosks. Fawry has introduced many new payments and lending products for both consumers and businesses over the last tweleve months and is apparently on additional new services too that are expected to be rolled out within the next few months.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Large network and diversified services related to payments makes Fawry the leading electronic payments player in Egypt and the only technology stock listed on the Egyptian Exchange.
  • Fawry is yet to announce the results for fourth quarter of 2020 but for the first nine months of last year, the company made about $57 million (EGP 892.7 million) in revenue, an 45.2 percent increase year-on-year basis. For the same period, it doubled its net profit (on a YoY basis) to $7.5 million (EGP 119 million). The company has been witnessing decent growth over the last few years but it seems that Covid-19 has accelerated it even further.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects how the covid-19 pandemic accelerated the growth and increased the net profit of Fawry.
  • hindelquarrouti on 13 Feb 21
     
    Fawry is experiencing a drastic growth and it is becoming the leading electronic payments company in Egypt. It is benefiting from the acceleration of digital payments in Egypt.
hichamachir

The Best Smart Scales In 2021 To Help You Shed Those Extra Pounds - 0 views

www.forbes.com/...-10-benefits-of-crowdfunding-2

Crowdfunding Strategy Fintech

shared by hichamachir on 13 Feb 21 - No Cached
  • One such disruption is the rising industry of crowdfunding, which involves a platform, an individual or entity in need of funding, and a community of people willing to collectively contribute these funds in exchange for rewards and recognition. The amount of money raised by crowdfunding platforms during 2012 is expected to reach $2.8 billion, up 91% since 2011.
    • hichamachir
      hichamachir on 13 Feb 21
       
      Pula can uses crowdfunding in order to help small scale farmers that can't finance high risks insurance go for it.
hichamachir

Executing on Your Immediate Response to FinTech Disruption | Nasdaq - 0 views

www.nasdaq.com/...-fintech-disruption-2020-12-09

Fintech Disruption Innovation

shared by hichamachir on 13 Feb 21 - No Cached
  • Financial Services firms may be unaware that their disruption responses are often hindered by internal bias or superficial analysis. That is, Fintechs may not be completely redefining an industry, product, or experience, but rather innovating in certain areas of high-perceived customer value: CX innovation – ease of use and/or reducing friction or increasing speed of the purchase process Product innovation – editing product features or modifications or reducing cost Market innovation – creating entirely new experiences or approaches for solving customer issues
    • hichamachir
      hichamachir on 13 Feb 21
       
      Pula can go for a new strategy by offering a new service that makes farmers more attached to them. If Pula creates a new experience for farmers, they would absolutely dominate the market in all aspects.
sawsanenn

SimbaPay - Show them you care - Start - 0 views

get.simbapay.com

FinTech E-payments Kenya

shared by sawsanenn on 13 Feb 21 - No Cached
    • ghtazi
      ghtazi on 13 Feb 21
       
      simbapay has a competitive exchange rate, it has instant delivery and you can do it whenever and wherever you want. With this app you can send money, track transfers, check exchange rates. And all of that can be done with high security.
  • SimbaPay uses advanced security technology and leading global partners to ensure the safety and security of your data and transaction
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces SimbaPay's partners, which can be a reflection of the scope of its operations and influence in the region.
  • WHY CHOOSE SIMBAPAY? A few reasons to send with us FROM ZERO FEES And competitive exchange rates INSTANT DELIVERY Direct to Mobile Money(M-Pesa, MTN, WeChat, etc)& Bank Accounts ANYTIME Money transfer at your convenience
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is very important because it enumerates the three main assets of SimbaPay, which make up its competitive advantage: 1. No fees and competitive exchange rates, 2. Instant delivery thanks to mobile money and bank accounts, 3. the transfer of money can take place at anytime the customer would want, which provides him/her with flexibility and freedom.
  • ...1 more annotation...
  • WHY CHOOSE SIMBAPAY? A few reasons to send with us FROM ZERO FEES And competitive exchange rates INSTANT DELIVERY Direct to Mobile Money(M-Pesa, MTN, WeChat, etc)& Bank Accounts ANYTIME Money transfer at your convenience
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      By making these transactions cheap and fast, Simbapay can attract more customers since these are the characteristics that each customer is looking for
tahaemsd

SA's Lumkani installs shack fire early-warning systems in an additional 20k homes - Dis... - 0 views

disrupt-africa.com/...ems-in-an-additional-20k-homes

FinTech Africa Service modernization protection

shared by tahaemsd on 13 Feb 21 - No Cached
  • South African startup Lumkani has installed its early warning fire detection system in an additional 20,000 homes across the country, meaning it has now equipped 40,000 high fire risk homes in several of the country’s informal settlements.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      Lumkani installs shack fire early warning systems
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