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sawsanenn

Is M-Pesa really Kenyan or British? - 1 views

www.iafrikan.com/...m-pesas-origins

Financial inclusion FinTech Service Africa Kenya

shared by sawsanenn on 12 Feb 21 - No Cached
  • Hailed as the “Kenyan technology success story”, many have claimed M-PESA to be a testimony to the greatness of the East African country’s technology scene, producing world-class technology companies that rival those in South Africa. However, is the acclaimed mobile money service really Kenyan at all? The answer is no. M-PESA is British.
    • hichamachir
      hichamachir on 12 Feb 21
       
      M-Pesa can be a british company but it's becoming part of the Kenyan culture. It's not important whether it's British or Kenyan, the most important thing is that M-Pesa revolutionized the Kenyan economy and played a huge role to develop the financial industry in Kenya.
  • By any stretch of the currently available facts, the service that accounts for more than 60 percent of Kenya’s GDP in transactions was conceived by British professionals. The company commissioned with developing the idea, Sagentia, into a workable technology was British. Additionally, the company that owns the intellectual property rights to the idea, Vodafone, is British and, lastly, it was funded in its initial stages by the British Government.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      M-Pesa may be a British business, but it is becoming a part of the culture of Kenya. Whether it's British or Kenyan, the most important thing is that M-Pesa has revolutionized the Kenyan economy and played a major role in the growth of Kenya's financial sector.
  • Despite this certificate being awarded in 2012 and being stated as being in the LITERARY category, Ouko insists he is the original M-PESA innovator and further elaborates by saying that he has been “trying to Patent a Money Transfer system way back in 2003”. Even though he says that he believes many more Kenyans contributed to the innovation and development of M-PESA without recognition or reward, he writes, “Even though I currently believe I am the one, I start this with an open mind. If another person or firm comes forward with compelling proof I am ready to step aside and support that person.”
  • ...2 more annotations...
  • Nyagaka Anyona Ouko, a Kenyan from Nairobi, claims he is the innovator of M-Pesa and claims that Vodafone and its representatives stole the idea of Mobile Cash Transfer from him.
    • ghtazi
      ghtazi on 13 Feb 21
       
      there is a lot of perspectives about the fact that M-Pesa is not really a Kenyan product but a British product. Nyagaka Anyona Ouko, a Kenyan from Nairobi, claims he is the innovator of M-Pesa and accuses Vodafone of plagiarism. but the story vanished quicker than it appears.
  • By any stretch of the currently available facts, the service that accounts for more than 60 percent of Kenya’s GDP in transactions was conceived by British professionals. The company commissioned with developing the idea, Sagentia, into a workable technology was British. Additionally, the company that owns the intellectual property rights to the idea, Vodafone, is British and, lastly, it was funded in its initial stages by the British Government.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt is important because it shows how M-Pesa helped in the economic growth of Kenya. They also helped in expanding the fintech culture in the country
mehdi-ezzaoui

Lending Marketplace Lendio Provides $500,000 in Microloans to Women Owned Businesses in... - 1 views

www.crowdfundinsider.com/...businesses-in-kiva-parntership

KIVA Fintech Partnership

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • Kiva is a non-profit lending platform well known for its microloan service targeted underserved markets globally. Lendio states that the program has now provided over $500,000 in microloans to business owners worldwide, 98% of whom are female. Lendio first launched the program in 2016. The company describes the program as part of its commitment to entrepreneurship and inclusivity. Lendio provides a microloan to a low-income entrepreneur for every new loan facilitated on its marketplace platform. This voluntary employee-contributed, employer-matched program reports a 94% participation rate among Lendio employees.
  • mehdi-ezzaoui on 13 Feb 21
     
    The importance of Kiva of empowering those business owners and knowing we're helping them keep their passion with offering microloans
ayachehbouni

Prime Bank launches SimbaPay - International Money Transfer Service | Africanews - 1 views

www.africanews.com/...ational-money-transfer-service

shared by ayachehbouni on 13 Feb 21 - No Cached
  • “Through our digital platforms, we aim to make available a one stop solution to our customers in terms of funds transfer and with the inclusion of SimbaPay, our customers will now send money to friends and family across the world at the comfort of their mobile phones,” added Mr. Kantaria.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Prime Bank customers and Simbapay customers will both be able to send money to their friends and family across the world just by using their smart phone.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt appears to be useful since it shows how the partnership between SimbaPay and Prime Bank will result in an easier transfer of money between friends and family across the world and from mobile phones.
  • Through SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries in Africa, Europe, and Asia including India, United Kingdom, China (WeChat Pay), Germany, Uganda among others. Commenting on the partnership, SimbaPay’s Head of Operations Victor Karanja noted that the service will provide a seamless platform for Prime Bank’s customer base to send money abroad at the click of a button.
  • 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. Transfers can also be sent from M-Pesa using a dedicated SimbaPay Prime Bank pay bill number.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects the instantaneous nature of international money transfers thanks to the Prime Mobi app (launched as a result of the partnership between SimbaPay and Prime Bank). The excerpt also reflects a partnership between SimabaPay and M-Pesa since transfers can also be done through the latter.
  • ...3 more annotations...
  • usinesses as well as Kenyans and expatriates with friends and family abroad send over $18 Billion to other African countries, Asia and Europe annually with several billi
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      SimbaPay can benefit from this 18 billion dollar of transactions to offer its services and attract more customers
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      SimbaPay is a FinTech (financial technology) award winning company that offers international digital money distribution service to African banks and mobile money companies. Mostly, the SimbaPay product needs little to no technological integration for financial institutions' implementation.
  • Prime Bank (www.Primebank.co.ke), a leading private bank in Kenya, has partnered with London-based FinTech SimbaPay (www.SimbaPay.com), to launch an instant international money transfer service via the bank’s digital platform PrimeMobi.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      I believe that, through the partnership it made, simbapay was able to reinforce and evolve its services and reach a more diversified clientele.
  • mehdi-ezzaoui on 13 Feb 21
     
    SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets.
sawsanenn

When fintech met crowdfunding - AltFi - 0 views

www.altfi.com/..._when-fintech-met-crowdfunding

FinTech Financial inclusion Strategies

shared by sawsanenn on 13 Feb 21 - No Cached
  • It became clear that fintech companies began to prize crowdfunding three years ago. Monzo crashed our servers in 2016 when it raised £1m in 96 seconds. Last December, the now-serial crowdfunding neobank raised £20m from retail investors. 
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      Crowdfunding would be a beneficial strategy for EasyEquities to help young entrepreneurs raise money for their new investments.
  • The world’s leading fintechs are using crowdfunding to cement and enhance their relationship with their customers. The latest Unicorns report from Beauhurst, an independent analysis firm, identifies the UK’s 21 unicorn companies – those worth $1bn (around £760m) or more. Of the 21, six are fintechs, and two are digital banks: Monzo and Revolut. Both have turned to crowdfunding – at a time when they are the darlings of the tech scene and its investors – to raise capital. 
    • hichamachir
      hichamachir on 13 Feb 21
       
      Crowdfunding is becoming a very used strategy for fintechs because it's a concept that help entrepreneurs finance their projects. Also it's a concept that makes the community more connected
  • The staggering thing about Monzo’s raise – and it speaks volumes about where crowdfunding and fintech have reached – is that it did not need to raise the £20m from any of us on the street. In October – i.e. just two months shy of the raise – the bank had closed an £85m round led by VC firm Accel. Raising £20m is no walk in the park. You need to build a prospectus, which is a lengthy and expensive process. Monzo’s crowdfunding raise capped all investments at £2,000, meaning the team chose to have more investors to look after. 
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt uses the example of Monzo's fundraising through crowdfunding to show that the latter could be a great source of financing for fintech companies.
  • ...3 more annotations...
  • Making consumers owners and giving them a say has become integral to how these companies run. Indeed, many are now building their own platforms to manage ownership. What does this tell us about the future? Here are businesses offering equity – not for money, not because they want to list, but to build an affinity with their customers. As these relationships evolve, both sides benefit: greater engagement – better products – more customers – growth – profit – both sides capitalise.  It could be called the democracy of building business. Technology is making this shift around the consumer possible not just in finance, but across markets. While the former has emerged as the vanguard, there are other non-tech sectors that have leapfrogged traditional ownership structures and cemented their own success. Food and beverage, historically underserved by the financial world, was an early adopter of crowdfunding. BrewDog is the poster child for this – a four-time Crowdcube funded brewery. It has 120,000 investors, aka Equity Punks, who, in its words, kick-started the craft beer revolution and, presumably, enjoy its beer. The prospect gets so much more exciting when you start to think of the markets that are hardest to disrupt, build a community around, and fight injustices: insurance, mining, the coffee industry, healthcare.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      Here the positive side of crowdfunding is presented and includes the ownership of customers over the businesses/brands they fo to. Crowdfunding here appears to be a great opportunity, which the article describes as the democracy of building business.
  • The world’s leading fintechs are using crowdfunding to cement and enhance their relationship with their customers. The latest Unicorns report from Beauhurst, an independent analysis firm, identifies the UK’s 21 unicorn companies – those worth $1bn (around £760m) or more. Of the 21, six are fintechs, and two are digital banks: Monzo and Revolut. Both have turned to crowdfunding – at a time when they are the darlings of the tech scene and its investors – to raise capital. 
    • ghtazi
      ghtazi on 13 Feb 21
       
      what we can say is crowdfunding is the future for fintech. using Crowdfunding will helps the fintech to have a stronger and powerful relationship with its customers.
  • To answer that, I believe we have to go back to the financial crisis. After 2008, a chasm opened up in financial markets, encouraged by a profound lack of trust. We’re well-versed with the outcomes. The banks that survived had to change their ways, and new players came onto the scene. A decade later, it is the novel relationship between these latest entrants and consumers that gives us an idea of what the future looks like: a world where any business-to-consumer company knows that sharing ownership with its customers is fundamental to long-term success. This is the cooperative movement of the twenty-first century, and it is driven by technology.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This could imply that future companies are effective for a variety of reasons. Rather than capitalizing on cost savings, piling up high-quality products and selling them cheaply, or structural brands that are more myth-based than substance-based, they will be firms that effectively utilize network effects, concentrate on being a product first, and bake their clients into everyones brand
ayachehbouni

SimbaPay scales new heights in digital money transfer - Business Daily - 1 views

www.businessdailyafrica.com/...igital-money-transfer--2133434

shared by ayachehbouni on 13 Feb 21 - No Cached
  • A Kenyan-owned digital money transfer firm, SimbaPay, is taking not only the local but also the international money remittance sector by storm.The London-based firm, started with the aim of helping out Kenyans living in the diaspora pay bills through M-Pesa, has over the years grown into a full-fledged money transfer firm joining the likes of Western Union and MoneyGram in the market.Unlike conventional players, SimbaPay strives to make money transfer painless to both the sender and recipient.The tech firm allows citizens residing in the European Union to send money home instantly through its application.People with a bank account, debit or credit card use mobile phones or tablets to access the app and transfer money to recipients’ mobile money wallets such as M-Pesa or MTN mobile money or bank account.
  • “We are able to roll out new countries on our platform at a low cost which then allows us to pass on these savings to customers. We can do this due to our technology that allows transactions to be processed at breakneck speed with zero human interaction,” said SimbaPay chief executive officer Nyasinga Onyancha.The firm’s compliance and onboarding of customers is handled within the app, making it significantly easier for customers to sign up and start sending money to loved ones within minutes.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      Financial inclusion will be then positively impacted as more small scale traders will be able to directly source goods from everywhere instead of depending on middlemen to make payments on their behalf.
  • “We are able to roll out new countries on our platform at a low cost which then allows us to pass on these savings to customers. We can do this due to our technology that allows transactions to be processed at breakneck speed with zero human interaction,” said SimbaPay chief executive officer Nyasinga Onyancha.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      The strength of simbapay come from the ease of use of the platform.
mehdibella

JUMO reaches 15 million customers across Africa and Asia - JUMO - 0 views

www.jumo.world/...stomers-across-africa-and-asia

Jumo Fintech finance SouthAfrica

shared by mehdibella on 12 Feb 21 - No Cached
  • JUMO reaches 15 million customers across Africa and Asia
  • JUMO has disbursed over USD 1.6 billion in funding and is growing its base of savings products. “By empowering MSMEs, we’re also positively impacting communities, families and employees. Technology is removing barriers to financial inclusion making it possible to responsibly provide everyone with access to good financial choices,” Watkins-Ball added.
  • “We are working to connect every entrepreneur to the financial products they need to grow and prosper,” says Watkins-Ball. “Our technology enables our partner banks and payments companies to help millions of underserved people access financial services.”
  • ...4 more annotations...
  • JUMO, a technology company building next-generation financial services for emerging market entrepreneurs, is celebrating connecting over 15 million people to credit and savings in their six markets in Africa and Asia today.
    • mehdibella
      mehdibella on 13 Feb 21
       
      JUMO has partnered with financial service providers and mobile network operators to provide credit and savings solutions in Pakistan, Ghana, Tanzania, Uganda, Kenya and Zambia.
  • Founded in London in 2015, JUMO has partnered with financial service providers and mobile network operators to provide credit and savings solutions in Pakistan, Ghana, Tanzania, Uganda, Kenya and Zambia.
  • Andrew Watkins-Ball, Founder & Group CEO, said this milestone demonstrates JUMO’s unique ability to reach underserved entrepreneurs – over 60% of JUMO’s customers are micro, small and medium-sized enterprises (MSMEs).
  • “We are working to connect every entrepreneur to the financial products they need to grow and prosper,” says Watkins-Ball. “Our technology enables our partner banks and payments companies to help millions of underserved people access financial services.”
  • chaimaa-rachid on 12 Feb 21
     
    JUMO is celebrating interfacing more than 15 million individuals to credit and investment funds in their six business sectors in Africa and Asia today.
  • hindelquarrouti on 13 Feb 21
     
    Jumo are strategically targeting unbanked entrepreneur in order to help them become part of the consumers of the financial product, and consequently develop themselves. It initially targets low-income classes and gives them the opportunity to grow and prosper
mehdibella

Fintech for Financial Inclusion & Empowerment | JUMO - 0 views

www.jumo.world/about

Jumo Fintech finance SouthAfrica

shared by mehdibella on 12 Feb 21 - No Cached
  • JUMO partnered with Uber to create JUMO Drive, a first-of-its-kind digital vehicle asset finance product for rideshare drivers.
  • JUMO partnered with Telenor and Telenor Microfinance bank to launch the first commercial product in Asia.
  • The first funding partner was introduced to the operating platform. JUMO’s partnership with Letshego Bank in Ghana enabled payment and capital providers to work together to build products.
  • ...7 more annotations...
  • The use of digital savings, by JUMO in Tanzania and Zambia, grew rapidly.
    • mehdibella
      mehdibella on 13 Feb 21
       
      JUMO partnered with Telenor and Telenor Microfinance bank to launch the first commercial product in Asia.
  • JUMO secured another funding round of US$55 million to support market and product expansion.
  • JUMO is powering a new wave of financial tools, enabling hundreds of millions of people to prosper, build their businesses and drive economic growth
  • JUMO was founded in London by Andrew Watkins-Ball, with a vision of reimagining finance in emerging markets. The founding team started working to prove that data can be used to predict the financial behaviour of millions of people without access to finance. Credit risk, engineering and other capabilities were developed with industry-leading talent. The first ecosystem partnerships were established with Tigo, Airtel and MTN to bring short-term loan products to people and small businesses in Kenya, Zambia and Uganda.
    • ghtazi
      ghtazi on 13 Feb 21
       
      JUMO is a British company founded by Andrew Watkins- Ball, and its vision is to reimagine finance in emerging markets. the goal of this company is to show that Data can be used to forecast millions of people's financial activity without access to finance.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is really great at introducing Jumo, its initial partnerships, the products/services offered by Jumo.
  • Timiza Akiba, a JUMO-powered savings product, grew 30% in 3 months despite COVID conditions.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt reports on the impressive performance of Timiza Akima, a Jumo product, despite covid-19 conditions, which reflects the company's resilience despite the pandemic.
  • A funding round of $52m USD was closed. The round was led by Goldman Sachs, with participation from Proparco, FinnFund, Vostok Emerging Finance, Gemcorp Capital, and LeapFrog Investments. A further $12.5m USD was secured from Odey Asset Management.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reports on how Jumo obtains financing for its operations from external sources i.e. Odey Asset Management.
  • Fast Company SA named JUMO one of the most innovative companies owing to advanced data science and Machine Learning capabilities.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Jumo is powering new waves of financial tools that can help entrepreneurs to build and grow their business
  • chaimaa-rachid on 12 Feb 21
     
    Parentships always help a business to improve and grow. Jumo is expanding its service to satisfy everyone.
  • hindelquarrouti on 13 Feb 21
     
    At the beginning Jumo started by a founding team that was mainly working in order to prove that data are essentials and that they can predict the future financial behaviour of millions of people that originally didn't have access to finance. So, Jumo's main asset can be considered to be its data analysis that forecasts financial behaviours.
aymanelmamoun

Multi-bank and multi-bank mobile money service HelloCash launches in Ethiopia - 0 views

www.africanbusinesscentral.com/...hellocash-launches-in-ethiopia

E-Payment Africa FinTech

shared by aymanelmamoun on 13 Feb 21 - No Cached
  • BelCash Technology Solution PLC has partnered with two banks to launch HelloCash mobile money services in Ethiopia. Launched in partnership with Lion International Bank and Somali Micro Finance, the service will provide financial services to all Ethiopians
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This strategy will make financial services available to more Ethiopians, particularly national party, in order to push financial inclusion in the country. This will maximize capital expenditure for banks but also boost media recognition.
  • BelCash Technology Solution PLC has partnered with two banks to launch HelloCash mobile money services in Ethiopia. Launched in partnership with Lion International Bank and Somali Micro Finance, the service will provide financial services to all Ethiopians. It will enable existing and potential customers of Lion International Bank and Somali Micro Finance to carry out transactions in four key areas of financial transactions: Deposit, Withdraw, Transfer and make payments.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Belcash has partnered with two banks. The service, launched in collaboration with Lion International Bank and Somali Micro Finance, will provide all Ethiopians with financial services. It will allow Lion International Bank and Somali Micro Finance's current and potential customers to carry out transactions in four main areas of financial transactions: deposit, withdrawal, transfer, and payment.
  • Key standouts of HelloCash include its interoperability and shared infrastructure features. The system is designed for multiple banks and MFIs to be interconnected and offer mobile money services to their respective customers. This allows partnering financial institutions to share each other’s agent and branch networks to serve each other’s customers.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      Shared infrastructure features is a crucial key for the Ethiopian company.
omarlahmidi

Ethiopia launches mobile money schemes to extend banking reach | Reuters - 0 views

www.reuters.com/...-banking-idUSL6N0VE44020150204

Belcash Africa MobilePayment

shared by omarlahmidi on 13 Feb 21 - No Cached
  • BelCash’s helloCash service could have 2-3 million users this year and 10 million by 2017 or 2018, the firm’s chief executive Vince Diop said, adding that BelCash would receive a fee for each transaction made.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt is important because it shows how effective belcash is. and how an African country is willing to ensure financial inclusion and increase deposits by using financial technology.
  • BelCash’s helloCash service could have 2-3 million users this year and 10 million by 2017 or 2018, the firm’s chief executive Vince Diop said, adding that BelCash would receive a fee for each transaction made.
    • ghtazi
      ghtazi on 13 Feb 21
       
      in this excerpt, we can see that the service can have 10 million users by 2017 or 2018. we can aslo see the belcash would receive a fee for each transaction made.
  • Netherlands-based BelCash is offering a technology called helloCash, while MOSS ICT, mainly owned by an Ireland-based firm, is rolling out M-Birr in the nation of 96 million people.In both cases, Ethiopian banks and institutions will offer the service to customers and hold the cash deposited, in line with government policy that bars foreign firms or banks from investing in the financial sector or the telecoms industry.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article discusses the case of Belcash and M-Birr as two fintechs offering similar services which can lead us to say that M-Birr is a competitor of Belcash in Ethiopia.
  • ...2 more annotations...
  • Bankers say Ethiopia has no more than 1,500 ATM cash machines, while there was just over 2,200 bank branches as of June, or one for every 40,000 people, the central bank says. Only one in 10 people have a bank account.In addition to branches, which are expensive to set up, banks plan to authorise thousands of agents, such as shops or merchants, in line with new regulations. Such agents will be able to take deposits and hand out cash via the mobile system.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      Cashless mobile payment application replace ATMs so that unbanked people can join. Only one out of 10 people is banked.
  • Ethiopian banks and microfinance firms are launching mobile money services, helping reach swathes of the population that now have little access to branches or services, the mobile technology providers and banks said.
    • omarlahmidi
      omarlahmidi on 14 Feb 21
       
      Belcash could make a lot of profit in Ethiopia. It offers a technology called helloCash, that will help customers and offer them a better service.
aminej

EthioPay | Contact Us - 0 views

ethiopaycenter.com/more-about-us

Fintech E-payments Financial Inclusion Ethiopia Smartphone E-bills

shared by aminej on 08 Feb 21 - No Cached
    • aminej
      aminej on 08 Feb 21
       
      In this article we can note that the different services that EthioPay offers are electricity bills, health Insurance, pay telecom, school fees and utility fees. We can also deduct from its name that it is located in Ethiopia and it was founded by Minas Yohannes and Daniel Hadgu in 2018.Also, their customer target are any Ethiopian who have a smartphone and wants to use it to pay their bills in a convenient way mostly households and students.
  • Send payments back home in an easy and secure way. Taking care of your loved ones back home does not need to be complicated. EthioPay makes it easy to send money without having to worry whether the money will reach your loved ones. Our secure platform uses bank-grade encryption meaning when you send money, your loved ones are guaranteed to receive it. You also never have to worry about your payment methods being compromised. Use our one-time payment system or set an ongoing schedule. We know that sending money home depends on multiple factors. Sometimes you will want to send a one-time amount, other times you will want recurrent payments. Ethiopay caters for both instances by offering you flexible payment options that you can adjust to your needs. This helps you ensure that you never miss a payment when it's needed. Avoid the headaches of keeping track of payments. You want to keep track of payments you make for your personal records. This can be a challenge when using other platforms. The Ethiopay User Account Dashboard offers a unified and detailed view of all the transactions you have made on the platform. Each entry shows the date and time stamp, amount, recipient and transaction status of every payment made. Pay education & utility bills back home with Ethiopay Paying utility and school fees is an important way of empowering your loved ones back home. Whether you are in North America or Europe, Ethiopay offers an easy and reliable way to do this. In addition, you can opt to set up scheduled payments so the payments are made at the beginning of each school term or any other time frame your choose.
  • aminej on 08 Feb 21
     
    This can help in : Improving security in payments. Encouraging more people to use digital money since it is safer mostly in countries where there is high level of crime. People now use their phone more than anything so it would facilitate many task for people (innovative)
  • mohammed_ab on 08 Feb 21
     
    During the Covid lockdown, we became aware of the need for such a platform. Having the possibility to send money back to your country to help your family in a secure way just by using your phone is amazing. The different security features that EthioPay offers to its customers are crucial in our time where cybercrimes keep on growing.
hindelquarrouti

Dubai's Tpay Mobile Acquires Payguru, a Turkish Payments Company that Supports Mobile T... - 1 views

www.crowdfundinsider.com/...t-supports-mobile-transactions

Tpay segment Fintech

shared by hindelquarrouti on 08 Feb 21 - No Cached
  • Founded in Cairo, Egypt, Tpay Mobile says it’s the leading digital merchant acquirer in the MENA region
  • The company supports DCB via three mobile network operators and it facilitates bank transfers and ATM withdrawals through large banks.
  • hindelquarrouti on 08 Feb 21
     
    By acquiring Payguru, Tpay has enlarged its range of customer. It has made acquisition with the intent of becoming the leading digital payment platform in the MENA region. As well as, it has helped them make a step forward in the process of digital and financial inclusion in the region.
samielbaqqali

Jawwy TV Mobile App Now Available in Egypt - IT News Africa - Up to date technology new... - 0 views

www.itnewsafrica.com/...ile-app-now-available-in-egypt

Entertainment Middle East Africa

shared by samielbaqqali on 11 Feb 21 - No Cached
  • Sahar Salama, CEO of TPAY Mobile says that its platform will “provide one simple integration giving digital entertainment players all-inclusive capabilities for bundling, billing, and multi-channel acquisition access to new markets and audiences covering up to 80% of the Middle East and Africa (MEA) population. What we bring to the table is an easy and convenient fintech solution built for mobile operators to connect even more users with premium digital services like Jawwy TV.”
  • samielbaqqali on 11 Feb 21
     
    TPAY mobile looks for the easiest and simpliest solutions for helping Africa and Middle East to get along with fintech.
kenzabenessalah

BelCash Technology Solutions PLC: About | LinkedIn - 0 views

www.linkedin.com/...about

Hello brand Smartphone BCTS

shared by kenzabenessalah on 11 Feb 21 - No Cached
  • BCTS has reinforced its offer by the HelloServices and inspiring brand all-inclusive, aiming to connect all Ethiopian citizens for a brighter future; a future that unlocks the potential of the country and its diversity.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      The reason why BCTS is able to target all Ethiopian citizens is due to its signed agreement with Ethio-telecom. This agreement is essential because it brought about an approach that allowed the interaction between users and their devices.
kenzabenessalah

M-Pesa Expands to Europe with Service Launch in Romania | Center for Financial Inclusion - 0 views

www.centerforfinancialinclusion.org/with-service-launch-in-romania

Romania M-PESA Operations

shared by kenzabenessalah on 12 Feb 21 - No Cached
  • M-Pesa, the mobile money service success story that began in Kenya in 2007 is continuing its march, this time into the surprising location of Romania, raising the questions, what will the product look like in this new European market and how will it fare. At the end of last month Vodafone, the operator behind the new service and one of Romania’s largest telcos, began operations using the country’s 300 Vodafone Romania stores, participating retail outlets, and authorized agents.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      What I found surprising was the fact that M-PESA began operating in Africa and then entered the Romanian market
tahaemsd

Zeepay - Home - Click and Send - 0 views

www.myzeepay.com

fintech payments africa modernization electronic

shared by tahaemsd on 12 Feb 21 - No Cached
  • Zeepay is the fastest growing fintech focusing on digital rails to connect digital assets such as mobile money Wallets, Cards, ATMs, Bank Account and Digital Tokens to International Money Transfer Operators, Payments, Subscriptions, International Airtime and Refugee payments. In an effort to improve financial inclusion and make the world a better place to live. We are a Mobile Financial Services Company with Offices around the World including the United Kingdom and regulated by the Financial Conduct Authority and other Regulators across Africa.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Mobile Financial service company that take care of mobile money, remittance, domestic transfers, micro-insurance, and payments.
kenza_abdelhaq

Private equity investment in leading mobile payments platform | responsAbility - 0 views

www.responsability.com/...ading-mobile-payments-platform

Fawry Egypt Services

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Fawry is the leading mobile payments platform in Egypt. Through a network of 65,000 agents, mostly small shop owners, Fawry allows 20 million customers to perform a variety of transactions such as utility bills payments, airtime top-ups or merchant transactions. Over the years, Fawry has created a platform connecting all clients’ channels of payments including bank accounts, credit cards and mobile wallets with any of the 23 banks connected to its platform. Fawry’s success has been to build acceptance and usage from clients as well as banks and merchants.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry's services, operations, and network include small shop owners, a variety of transactions, and a platform connecting clients and more than 20 banks.
  • Speaking on behalf of Fawry, Ashraf Sabry, CEO, said: “Our efficient payment platform and network will enable us to provide financial services for sections of the population that have so far been underserved – at costs that will allow the model to be commercially sustainable. At the same, we aim to further spread cashless transaction in Egypt, thereby serving customers as well as commerce.”
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry is targeting customers as well as commerce while focusing on providing financial services to the underserved. The company focuses on financial inclusion while maintaining a certain level of costs to have a commercially sustainable model.
  • kenza_abdelhaq on 13 Feb 21
     
    "Fawry is the leading mobile payments platform in Egypt. Through a network of 65,000 agents, mostly small shop owners, Fawry allows 20 million customers to perform a variety of transactions such as utility bills payments, airtime top-ups or merchant transactions. Over the years, Fawry has created a platform connecting all clients' channels of payments including bank accounts, credit cards and mobile wallets with any of the 23 banks connected to its platform. Fawry's success has been to build acceptance and usage from clients as well as banks and merchants."
hindelquarrouti

Proceedings_ICT-2017.pdf - 0 views

d1wqtxts1xzle7.cloudfront.net/...Proceedings_ICT-2017.pdf

fawry fintech bills advantages

shared by hindelquarrouti on 13 Feb 21 - No Cached
  • hindelquarrouti on 13 Feb 21
     
    Besides the infinite benefits of online payment services, Fawry encourages people in using it even more by providing them with discounts and a year free cash services from NBE. Thus, promoting financial inclusion.
hindelquarrouti

Good practice - M-PESA International Money Transfer Service, Safaricom - 0 views

www.ilo.org/...lang%3Den%26p_practice_id%3D70

M-peas International money transfer

shared by hindelquarrouti on 12 Feb 21 - No Cached
  • M-PESA's International Money Transfer (IMT) service allows anyone wishing to send money to Kenya to visit one of several Safaricom IMT partners (such as Post Finance, World Remit, and Western Union) and send money to an M-PESA mobile phone in Kenya. Money transfers are received almost instantly, and at no expense to the recipient.
  • M-PESA is the result of a partnership between Vodafone and Safaricom, a Kenyan mobile network operator. M-PESA's International Money Transfer (IMT) service allows anyone wishing to send money to Kenya to visit one of several Safaricom IMT partners (such as Post Finance, World Remit, and Western Union) and send money to an M-PESA mobile phone in Kenya.
  • chaimaa-rachid on 12 Feb 21
     
    M-Pesa is designed for everyone but it is explicitly intended for customers who do not have access to banks or because they don't have a bank account or in light of the fact that they live excessively far away from a bank office.
  • hindelquarrouti on 13 Feb 21
     
    M-pesa, that promoted financial inclusion in Kenya, was originally created from a partnership between Vodafone and Safaricom. It has enabled Kenyans to send money and make online payments. Also, it has made sure that the transfers were made instantly and no expenses were made for the receiving party.
hindelquarrouti

M-Pesa: Most Innovative Company | Fast Company - 0 views

www.fastcompany.com/...m-pesa

M-pesa Africa Financial Inclusion

shared by hindelquarrouti on 12 Feb 21 - No Cached
  • Like many parts of the developing world, Africans are significantly less likely to have bank accounts and credit or debit cards. But mobile phones have penetrated the African market, and in countries such as Nigeria and Kenya, the majority of people have a workable phone.
  • M-Pesa is a Kenyan mobile payments platform, one of the first of its kind in Africa (
  • he service has been a runaway success since launching in 2007, operating in 10 countries across Africa, the Middle East, and Southeast Asia and earning Safaricom 19.4 billion shillings (about $190 million) in the first half of 2015. It seems likely that as cell phone use continues to proliferate on the African continent, M-Pesa's transactions will grow, too.
  • chaimaa-rachid on 12 Feb 21
     
    As mentioned in the article, Africans are less likely to have bank accounts, so it is a very good idea to create such a service. In addition, almost everyone has a cell phone, so it will be easier for them to use this platform to send and receive money than to set up a bank account.
  • hindelquarrouti on 13 Feb 21
     
    M-pesa has made the smart choice of opting for the African continent since there is a considerable number of unbanked people, yet it is experiencing an increase in the use of mobile phones.
tahaemsd

Sasfin, Hello Paisa Team For South African Bank | PYMNTS.com - 0 views

www.pymnts.com/...hello-paisa-south-african-bank

Fintech Africa Payments modernization Service

shared by tahaemsd on 13 Feb 21 - No Cached
  • Two South African FinTech companies, Sasfin, a banking group, and Hello Paisa, a money transfer startup, are teaming up to start a bank with a goal of bringing thousands of South Africans who lack bank accounts into the country’s financial system, according to reports.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      This initiative by hellopaisa is an ideal way to offer banking to people who are underserved
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