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omarlahmidi

Legal system - South African law - Oxford LibGuides at Oxford University - 0 views

ox.libguides.com/c.php

Africa SnapScan

shared by omarlahmidi on 27 Feb 21 - No Cached
  • South Africa has a mixed legal system. Its doctrines and concepts are influenced both by the civilian tradition (in an uncodified Romano-Dutch form brought by early Dutch settlers) and by the common law tradition (introduced during the British colonial period).  Indigenous people may still choose to be subject to customary law, so long as it does not conflict with the Constitution. Chapter 8 (ss.165-180) of the Constitution, "Courts and Administration of Justice" sets out the structure of South Africa's court system and defines the role of each court. Section 165 says the judicial authority of South Africa is vested in the courts, which are independent and subject only to the Constitution and the law. Section 166 identifies these courts as:
aminej

Fintech 2020 | Laws and Regulations | Ghana | ICLG - 0 views

iclg.com/...ghana

Legal Framework Ghana Fintech Laws Data Security External Analysis

shared by aminej on 27 Feb 21 - No Cached
  • The Payment Systems and Services Act of 2019 (Act 987) provides the regulatory framework.  The Anti-Money Laundering Act of 2008 (Act 749), Data Protection Act of 2012 (Act 843), and Electronic Transactions Act of 2008 (Act 772) provide additional regulation.
    • aminej
      aminej on 27 Feb 21
       
      This is good for the legal framework in which our company operates since Fintech businesses are well regulated in order to protect them and their customers
mohammed_ab

Contributing to Egypt's growth journey - Wamda - 1 views

www.wamda.com/...ributing-egypts-growth-journey

Fawry Egypt IPO Fintech Pandemic

shared by mohammed_ab on 13 Feb 21 - No Cached
  • If you don’t believe that Fawry’s unicorn status and the birth of numerous rapidly growing startups in the space are proof that fintech is the future or that this sector will be critical to Egypt’s ability to achieve its commitment to inclusive and sustainable economic growth under Vision 2030, forget all of that and focus on one simple reality. In the midst of the global pandemic, Egypt and many similar countries in the region and beyond are finally introducing laws and regulations that will not only allow this sector to thrive, but will allow our economies to thrive by using technology to serve the millions of people who remain economically excluded from the system.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it explains how in the midst of the covid-19 pandemic, Egypt and many other similar countries started introducing laws and regulations that will allow fintech similar to Fawry to thrive.
  • In 2019, Fawry became the first fintech company to IPO in the region and since taking that step, the price of its stock has risen by 300 per cent. In August, Fawry became Egypt’s first tech ‘unicorn,’ born during a global pandemic and what is quickly becoming a global economic meltdown of massive proportions.
  • nouhaila_zaki on 13 Feb 21
     
    "If you don't believe that Fawry's unicorn status and the birth of numerous rapidly growing startups in the space are proof that fintech is the future or that this sector will be critical to Egypt's ability to achieve its commitment to inclusive and sustainable economic growth under Vision 2030, forget all of that and focus on one simple reality. In the midst of the global pandemic, Egypt and many similar countries in the region and beyond are finally introducing laws and regulations that will not only allow this sector to thrive, but will allow our economies to thrive by using technology to serve the millions of people who remain economically excluded from the system."
  • mohammed_ab on 13 Feb 21
     
    This part of the article is important as it describes how Farwy shares have increased in the midst of the covid-19 pandemic. I think that fintech companies grow during crises as they offer solutions that fit the crisis.
mohammed_ab

Ghana: Payment Systems and Services Act to Boost Digitisation Processes --Governor, BoG... - 0 views

allafrica.com/...201906200235.html

MTN-Ghana New law Digitalisation of Ghana's Economy

shared by mohammed_ab on 13 Mar 21 - No Cached
  • The Payment Systems and Services Act would help create an enabling environment for the on-going digitisation processes in the economy, Dr Ernest Addison, the Governor of the Bank of Ghana has said.
  • The Act, passed in March this year and assented to in May, is part of a broader strategy by the Bank of Ghana to create an enabling regulatory environment for convenient, efficient and safe retail payments and funds transfer mechanisms.
  • mohammed_ab on 13 Mar 21
     
    This new act is going to impact MTN-Ghana position in the market as new market participants will find a lenient political and regulatory environment and will decide to enter the Ghanian's market.
kenzabenessalah

How it Works - 0 views

www.easyequities.co.za/how-it-works

Investment Shares EasyEquities

shared by kenzabenessalah on 07 Feb 21 - No Cached
  • FICA sounds like a dirty word, but it's actually just a short name for the law that says we need to verify who you are and where you live.
    • kenzabenessalah
      kenzabenessalah on 07 Feb 21
       
      FICA is important because it helps prevent hackers or spammers from breaking the system. It not only prevents hacking, but also determines the safety of people's private data.
hindelquarrouti

How to develop digital payments or is it how to reduce cash use - 1 views

www.stratexis.com/...ts-or-maybe-to-reduce-cash-use

fawry online payments success

shared by hindelquarrouti on 11 Feb 21 - No Cached
  • Fawry is educating unbanked population to trust electronic payments. Fawry would not have existed in a mature economy, where electronic payments are dominant. In that sense, Fawry is filling a gap left by banking players in Egypt.
  • One of the most striking differences between banking in Europe and in Egypt is cash management. Withdrawals and deposits of cash are the dominant operations in the Egyptian banking branches. It is frequent to meet customers with big bags of money in or out of banking branches. In Europe, anti-money laundering laws and electronic payments popularity made large cash operations extremely rare.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      Although not everyone trusts online payment in Egypt, Fawry persuaded them by offering numerous services with simple usage and protection. Almost all Egyptians currently use fake services, especially in the telecommunications sector.
  • The success of Fawry comes from leveraging the best of the 2 means of payment: cash for its reliability and availability, and electronic systems for their seamless and fast processing.
  • ...1 more annotation...
  • What is very promising is that the success of Fawry inspired a lot of other players to create fintech companies and contributed to the transformation of Egyptian financial services, which will bring higher value to Egyptian customers.
  • chaimaa-rachid on 11 Feb 21
     
    Even though in Egypt not everyone trusts online payment, Fawry convinced them by offering different services with easy use and security. Currently, almost all Egyptians use Fawry services, especially in the telecommunications sector.
  • hindelquarrouti on 13 Feb 21
     
    It is interesting that Fawry's success can be tracked back to its use of two means. Cash payment and electronic systems. It has tried since its beginnings to make unbanked people trust electronic payments. It is also inspiring other companies in the field.
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