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omarlahmidi

Ethiopia Mobile Wallet and Payment Market Opportunities Databook 2019 Featuring M-Birr,... - 0 views

www.prnewswire.com/...thiopay-yenepay-300963746.html

Belcash Africa Mobile_Payments

shared by omarlahmidi on 11 Feb 21 - No Cached
  • The mobile payment industry in Ethiopia is expected to record a CAGR of 18.7% to reach US$ 7,818.2 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 18.3% during 2018-2025.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      It is fascinating to see such African companies grow tremendously over a short period of time. EthioPay is among one of the companies that helped the mobile payment industry in Ethiopia increase at a CAGR of 18.3% and is still expecting to grow.
  • The mobile payment industry in Ethiopia is expected to record a CAGR of 18.7% to reach US$ 7,818.2 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 18.3% during 2018-2025.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      A significant number of smartphone subscribers are feature phone users, and smartphone users are increasing recently due to the rising availability of more affordable smartphones on the local market.
  • This report provides a comprehensive view on mobile payment / mobile wallet market size and growth dynamics, industry dynamics, retail spending, consumer attitude and behaviour, and competitive landscape in Ethiopia. The report focuses on data-centric analysis of mobile payment market dynamics to help companies understand business and investment opportunities along with risks. It details growth dynamics in 45+ market segments (600+ KPIs) across mobile commerce, mobile P2P transfer (domestic and international remittance), mobile lending, and a range of other payment avenues in Ethiopia.
  • ...5 more annotations...
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This article is very interesting because it briefly introduces the findings of a report that provides a comprehensive view about the Ethiopian mobile payment/mobile wallet industry in which Ethiopay operates.
  • Companies Mentioned M-Birr BelCash Amole EthioPay YenePay
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it enumerates Ethiopay's main competitors.
  • Ethiopia Market Share by Mobile Payment Technology: Provides market share by key mobile payment technologies -
    • ghtazi
      ghtazi on 13 Feb 21
       
      you can pay by : SMS/USSD NFC Code-Based Web-Based
  • Ethiopia Mobile Wallet and Payment Market Opportunities Databook 2019 Featuring M-Birr, BelCash, Amole, EthioPay, YenePay
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article discusses the mobile wallet market in Ethiopia and mentions providers like Belcash such as M-birr, Amole, Ethiopay and YenePay which are potential competitors.
  • Report ScopeThis report provides in-depth market opportunity analysis and growth dynamics of mobile payment industry in Ethiopia. Below is a summary of key market segments:Market Size and ForecastMobile payment and mobile wallet market size and forecast across 45+ markets segments on three essential KPIs - mobile payment transaction value, volume and average transaction value.
    • omarlahmidi
      omarlahmidi on 14 Feb 21
       
      This article discusses the mobile payment industry. It also talks about providers such as Belcash.
nourserghini

BELCASH TECHNOLOGY SOLUTIONS PLC Company Profile | Addis Ababa, Ethiopia | Competitors,... - 0 views

www.dnb.com/...b477d401eb2844e7ec3ac4436.html

Belcash Location Services Ethiopia

shared by nourserghini on 13 Feb 21 - No Cached
  • BELCASH TECHNOLOGY SOLUTIONS PLC is located in Addis Ababa, Ethiopia and is part of the Information Technology Services Industry. BELCASH TECHNOLOGY SOLUTIONS PLC has 110 employees at this location and generates $12.21 million in sales (USD).
    • nourserghini
      nourserghini on 13 Feb 21
       
      Belcash is located in Addis Ababa in Ethiopia and operates in the information technology services. It generates 12.21 million dollars in sales.
hindelquarrouti

The launch of MasterCard Bill Pay services in cooperation with Fawry | Al Bawaba - 0 views

www.albawaba.com/vices-cooperation-fawry-384022

MasterCard Fawry Payments

shared by hindelquarrouti on 12 Feb 21 - No Cached
  • For the first time in Egypt, MasterCard Worldwide has teamed up with Fawry, the nationwide Electronic Bill Payment and Presentment (EBPP) network, to launch MasterCard Bill Pay services to enable MasterCard cardholders to use their cards for bill payments and mobile top-up via Fawry’s retail network. MasterCard cardholders can now settle their Internet, mobile and fixed line bills and also utilize the top-up payment services through Fawry-MasterCard enabled retail locations across Egypt.
  • For the first time in Egypt, MasterCard Worldwide has teamed up with Fawry, the nationwide Electronic Bill Payment and Presentment (EBPP) network, to launch MasterCard Bill Pay services to enable MasterCard cardholders to use their cards for bill payments and mobile top-up via Fawry’s retail network. MasterCard cardholders can now settle their Internet, mobile and fixed line bills and also utilize the top-up payment services through Fawry-MasterCard enabled retail locations across Egypt.
  • For the first time in Egypt, MasterCard Worldwide has teamed up with Fawry, the nationwide Electronic Bill Payment and Presentment (EBPP) network, to launch MasterCard Bill Pay services to enable MasterCard cardholders to use their cards for bill payments and mobile top-up via Fawry’s retail network. MasterCard cardholders can now settle their Internet, mobile and fixed line bills and also utilize the top-up payment services through Fawry-MasterCard enabled retail locations across Egypt.
  • ...2 more annotations...
  • This is the first time the service has been introduced in Egypt and MasterCard cardholders will be the first to enjoy this fast, easy, secure and convenient bill payment channel. MasterCard and Fawry opted to launch this service in Egypt as a key market in the Middle East and Africa regions.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      MasterCard is committed to offering creative transaction solutions for the Egyptian industry, which is continuously evolving electronic installments. MasterCard replied to the needs of Egyptian consumers, who are continually progressing and need to make their regular payments with more adaptable and safe payment options.
  • Recognizing the need to continue providing our customers with innovative payment options, we worked closely with MasterCard to offer cardholders a new and convenient method for bill payments,” said Ashraf Sabry, CEO, Fawry
  • chaimaa-rachid on 12 Feb 21
     
    MasterCard is devoted to delivering innovative transaction solutions for the Egyptian market where electronic installments are continually developing. MasterCard tended to the necessities of Egyptian customers, who are consistently progressing and require more adaptable and secure payment choices to make their everyday installments.
  • hindelquarrouti on 13 Feb 21
     
    It is remarkable how a company like Fawry, that started in a market with a considerable number of unbanked people, and sceptical people regarding online financial payments, made it to a partnership with MasterCard.
tahaemsd

Hello Paisa | Tracxn - 0 views

tracxn.com/...hellopaisa.co.za

Fintech Africa Payments modernization Service

shared by tahaemsd on 07 Feb 21 - No Cached
  • Hello Paisa is a mobile based remittance service provider to and from South Africa. The service is based over HomeSend's mobile remittance hub. User can send and receive cash to bank account, wallet or at partnered locations.
    • nourserghini
      nourserghini on 07 Feb 21
       
      Hello-Paisa specializes in remittance sevices through HomeSend's mobile remittance hub in South Africa.
  • Founded Year2013LocationCenturion, South Africa
    • ghtazi
      ghtazi on 08 Feb 21
       
      Hello Paisa was created in 2013 and is located in Centurion, South Africa. Hello Paisa is a Mobile money remittance provider to and from South Africa,
  • ince its commercial launch in March 2015, Hello Group has signed up 70 000 Hello Paisa customers, of which 29 000 have downloaded its Android app for remittances. Hello Paisa claims to charge less than 5% of fee. 
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      Statistics of HelloPaisa customers
mohammed_ab

Creating a Strategy for the New FinTech Ecosystem - Belatrix Software - 0 views

www.belatrixsf.com/...creating-strategy-fintech

Fintech Strategy M-Pesa Alliances

shared by mohammed_ab on 13 Feb 21 - No Cached
  • 1. Millennials squared – a parable of a digital wallet and beer moneyEarlier this year Sam Crowder stood up at a televised baseball game, and held a sign asking his Mum to send him “beer money”. He included his Venmo account information. Thousands of people sent him money, as his sign went viral. Beyond sharing this story as advice in case you ́re ever thirsty and leave your wallet at home, what it reflects is how the use of new technologies may start with digital natives, but then rapidly spread to other generations. It reflects the inter-generational adoption of, and use of, FinTech technologies.So, when looking at the potential of new services, it is important not just to consider the young people who will adopt it. But what will happen when they introduce the technology to their friends and family. Millennials are the earthquake that shakes companies, and adopt new tech and services at lightning speed. The rest of us are the tsunami of adoption that follows and lead to exponential growth.
  • 2. Facebook, Amazon, Google or Ant Financial will become the largest retail bank in the worldIt’s 2020 and to apply for a loan, instead of going to your local bank branch, you quickly ask Facebook for approval. This is far from fanciful thinking. Even as of today, PayPal is arguably one of the largest retail banks — it has more money in deposits than all but the largest 20 US banks, and offers services from payments, to loans and credit cards (albeit currently via partners). But we believe that one of the major tech companies, whether that is Facebook, Amazon, Google, or Ant Financial (the financial arm of Alibaba) will not only transform retail banking, but rapidly become the largest retail bank in the world.“Some bankers and analyststhink that Google, Facebook, Amazon or the like will not fully enter a highly regulated, low-margin business such as banking. I disagree. What is more, I think banks that are not prepared for such new competitors face certain death”Francisco González, CEO, BBVA
  • hese major tech companies have the platform and the scale to upend retail banking. They already have a digital wallet which underlies the services that enable users to buy and sell on their platforms, such as Google Wallet and Amazon Payments. Facebook Messenger Pay is already available in the US while it recently received an e-money license from the Central Bank of Ireland. This means European users will be able to store and transfer money, and make online purchases. The transition to becoming the largest retail bank in the world will be swift and brutal for traditional banks.
  • ...7 more annotations...
  • 3. Regulators finally make the pivot to supporting the FinTech ecosystemBitX, a bitcoin startup in Singapore, was looking to enter the UK and European markets. Instead of having an arduous journey gaining the required licenses and approvals as it would have expected in the past, BitX was accepted into the regulatory sandbox of the UK’s Financial Conduct Authority. This enabled it to test its services and build its product with the backing of the regulator. This kind of thinking reflects how in the past few years we have seen regulators move from hindering innovation and new services, to proactively supporting and strengthening the FinTech ecosystem.It is a challenging line to take, particularly in the
  • world of finance – to help create the framework and environment for innovation, while also protecting consumers and businesses. However, increasingly we see regulators getting this blend right.For example, the European Union’s Directive on Payment Services (PSD2) will create an EU-wide single market for payments. This will drive new opportunities and innovation in the payment sector, because it will force financial institutions to provide secure access for a third-party service provider to a customer’s online account. Meanwhile, we have seen regulatory sandboxes emerge not just in the UK, but in locations from Singapore to Australia. The US Treasury meanwhile recently announced it will start issuing special purpose national bank charters to FinTech companies.In the future, expect to see the emergence of “RegTech”. This will enable real-time interaction and analysis between regulators and financial institutions. Indeed, thi
  • ch as in New York, London or Singapore. So, although the UK dominates the world of fintech (generating an estimated £6.6billion in FinTech related revenue), leading organizations are looking for inspiration among the innovative services, products and ideas being created from Guadalajara, to Laos, to Kenya.In many cases we can see that the unique financial environment of these locations is resulting in novel ideas. For example, Guadalajara based start-up Kueski uses a person’s digital footprint to assess their credit worthiness – a particular challenge in Mexico where credit is not available to large swathes of the population. In Latin America Tigo Cash is a mobile financial service which already handles more cash than many financial institutions in the region. We will see markets and services emerging which are currently not on anyone’s map, and become some of the most important financial organizations in the world.
    • samiatazi
      samiatazi on 13 Feb 21
       
      this article points out 4 expectations for the fate of FinTech and Financial services. However, I think that the most interesting one is the last one which states that The effect of FinTech advancement is frequently made and experienced outside the usual Hub of Finance, for example, New York, London or Singapore. Giant Companies are searching for inspiration among innovative and creative products, items and thoughts being made from Guadalajara, to Laos, to Kenya. I really like this part too, stating that We will see markets and administrations arising which are as of now not on anybody's guide, and become the absolute most significant Fintechs on the planet.
  • software platform between itself and the banks, so it can view and analyze information in real-time.4. Look beyond the hubs to find innovative ideasAcross Kenya, mobile money has become ubiquitous – being used by at least one person in 96% of Kenyan households. But what is the real impact of mobile money in such countries? One study estimated that M-PESA, the Kenyan mobile money system which enables money to be stored on a phone and be sent via text, has helped lift 2% of Kenyan households out of poverty.What this example demonstrates is that the impact of FinTech innovation is often created and experienced outside of the usual hubs of finance su
  • In the past few years we have seen the rapid evolution of FinTech from generating novel ideas which solve customer problems, to offering core financial services. We have seen the shift from digital startups, characterized by a lack of financial wherewithal and which operated on the edge of tightly regulated markets, to the emergence of mature financial digital organizations at the heart of the traditional financial world.We can describe the development and maturing of FinTech in 3 main waves:The early emergence of digital startups helping consumers. Originally FinTech solutions were the preserve of B2C markets which solved specific customer problems such as offering home loans faster and easier. They used new technologies such as mobile and cloud computing, and were characterized by a laser focus on the customer with all the hall-marks of a digital Silicon-Valley style start-up.Transition to B2B markets. Today FinTech plays a role at the core of B2B innovation in financial markets, and industry observers widely expect B2B FinTech revenues to dwarf those in consumer markets within the next couple of years. Organizations such as Currency Cloud (cross border B2B payments), Payoneer Escrow (escrow services), and Hummingbill (B2B invoice platform) all reflect a maturing industry.The creation of an ecosystem between FinTech and traditional players. FinTech organizations are realizing that the required go-to-market investment, economies of scale, and regulatory needs, means it makes sense to partner with traditional financial institutions. On the other side, established players recognize the value, innovation and potential of FinTech in a world which is increasingly mobile-first. These financial institutions are also adopting many of the methods that FinTechs use so successfully, from a focus on the customer, to using Agile software development, to holding hackathons, and forming accelerators and innovation programs.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt is important because it shows the three waves that each fintech companies go through. Currently, most companies are still in b2b markets which an new innovative role in the financial markets; howver, not all companies are doing the same thing. Some of them still need a real bank ( Not virtual) to make transactions and don't trust softwares.
  • ch as in New York, London or Singapore. So, although the UK dominates the world of fintech (generating an estimated £6.6billion in FinTech related revenue), leading organizations are looking for inspiration among the innovative services, products and ideas being created from Guadalajara, to Laos, to Kenya.In many cases we can see that the unique financial environment of these locations is resulting in novel ideas. For example, Guadalajara based start-up Kueski uses a person’s digital footprint to assess their credit worthiness – a particular challenge in Mexico where credit is not available to large swathes of the population. In Latin America Tigo Cash is a mobile financial service which already handles more cash than many financial institutions in the region. We will see markets and services emerging which are currently not on anyone’s map, and become some of the most important financial organizations in the world.
    • ghtazi
      ghtazi on 13 Feb 21
       
      What this example shows is that beyond the usual finance hubs, such as in New York, London, or Singapore, the influence of FinTech innovation is also generated and experienced.
  • It’s 2020 and to apply for a loan, instead of going to your local bank branch, you quickly ask Facebook for approval. This is far from fanciful thinking. Even as of today, PayPal is arguably one of the largest retail banks — it has more money in deposits than all but the largest 20 US banks, and offers services from payments, to loans and credit cards (albeit currently via partners). But we believe that one of the major tech companies, whether that is Facebook, Amazon, Google, or Ant Financial (the financial arm of Alibaba) will not only transform retail banking, but rapidly become the largest retail bank in the world.
  • mohammed_ab on 13 Feb 21
     
    This article explains how the big e-commerce giant Amazon and the dominant social media platforms will become the largest retail banks in the future. I think that M-Pesa could benefit from strategic alliances or partnerships with these big giants.
ghtazi

Mukuru international money transfers review | Finder South Africa - 0 views

www.finder.com/...mukuru-money-transfers

Deposit Payment Methods

shared by ghtazi on 13 Feb 21 - No Cached
  • Mukuru specialises in single transfers to friends and family, whether over the phone, through the app, online, bank transfers or through one of its branches. You can’t set up a recurring transfer through Mukuru and it doesn’t specialise in business transfers.You can make transfers to any of the following, depending on the country you’re sending to:Bank account. The money will be deposited directly into the bank account you choose. You’ll need to know the SWIFT code as well. This option is currently available for all supported countries.Cash pick-up location. You can send money to a cash pick-up location for your recipient to collect. If you choose this option, the person picking it up will need a valid photo ID on hand and the reference number. You’ll only be able to use this for transfers to Zimbabwe, Malawi, Namibia and Zambia.Mobile wallet. Send to your recipient’s smartphone wallet. This option is helpful if your recipient doesn’t have a bank account and isn’t near a cash pick-up location. You can use it in Zimbabwe, Malawi and Mozambique.Top-up card collection. This is used when you want to send money directly to your recipient’s card. You’ll need their card number and address. This is currently only available in Zimbabwe.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Mukuru proposes numerous services, however I believe that they should step up and propose new different services. Banks propose similar services. They should take advantage of new technologies and online platform to expand more.
  • The supported payment methods vary depending on where you are in the world but from South Africa, you’ll have a few options: make a cash deposit at one of Mukuru’s partner branches, online or telephone banking, bank transfer or through a Mukuru Money prepaid debit card, which all customers in South Africa qualify for. South Africa is the only country in Africa that allows bank transfers with Mukuru.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Depending on where you are in the world, the supported payment methods differ, but you will have a few choices from South Africa: make a cash deposit at one of Mukuru's partner branches, online or telephone banking, bank transfer, or via a prepaid debit card for Mukuru Money, which all South African customers apply for. The only country in Africa that makes Mukuru bank transfers is South Africa.
mehdibella

SnapScan: innovative system of payment / News / Std bank - Standard Bank Moça... - 0 views

www.standardbank.co.mz/...n-innovative-system-of-payment

Fintech finance SouthAfrica snapscan

shared by mehdibella on 13 Feb 21 - No Cached
  • “The introduction of these two electronic platforms is in response to the Central Bank’s challenges of financial inclusion of the citizens. The USSD and the SnapScan, which are in the testing phase, will allow people from remote locations, even without bank branches, to perform fast and safe operations”, said the Managing Director from Standard Bank.With these two platforms, as mentioned, Standard Bank also intends to boost the migration of banking transactions from branches to electronic platforms, making the bank more accessible, in a quick, convenient and safe manner from anywhere, anytime.
    • samiatazi
      samiatazi on 13 Feb 21
       
      The manager of The standard bank here highlights the importance of digital transformation of the banking system using financial technologies and its positive benefits on the customer.
  • With these two platforms, as mentioned, Standard Bank also intends to boost the migration of banking transactions from branches to electronic platforms, making the bank more accessible, in a quick, convenient and safe manner from anywhere, anytime.
  • “The introduction of these two electronic platforms is in response to the Central Bank’s challenges of financial inclusion of the citizens. The USSD and the SnapScan, which are in the testing phase, will allow people from remote locations, even without bank branches, to perform fast and safe operations”, said the Managing Director from Standard Bank.
hindelquarrouti

WorldRemit Review, Rates & Fees 2021 | Save Today | MoneyTransfers.com - 2 views

moneytransfers.com/...worldremit

Worldremit Money Transfer Fintech

shared by hindelquarrouti on 09 Feb 21 - No Cached
  • WorldRemit, like other money transfer companies, has its upsides and downsides. However, based on customer experience and forum reviews, the pros outweigh the cons. Pros Easy to Use -It takes approximately 5 minutes to sign up for an account on WorldRemit and make a transfer.Extensive Global Reach -You can send money to 150 countries on the WorldRemit platform. Irrespective of where your loved ones are, you can rely on WorldRemit to deliver the money to them in 30,000+ agent locations globally.Reasonable Fees -Compared to other money transfer services, WorldRemit charges fair transfer fees. It allows you to independently handle third party fees thereby, giving you control of your transfer.Flexible Payment Options-You can choose to pay for your transfer using a credit card, a debit card or a bank transfer.Multiple Delivery Channels-The beneficiary can receive money through bank deposits, cash pickup or mobile money.
  • Founded in 2010 in the United Kingdom by Ismail Ahmed, an economics student at the University of London, WorldRemit has grown its geographical coverage quite fast. You can now send to 150 countries around the world with thousands of well-placed payout locations. However, the company still has ground to cover in terms of partnerships with financial institutions and mobile money companies to strengthen its global footprint.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      WorldRemit is a good example of how a digitalized service should be quick and effective. The versatility of the service lets us realize that digitalization is in safe hands for the future, even though, of course, there is still a way to enhance the service.
  • WorldRemit is an online money transfer service that allows people to transfer money to their families in a secure, fast and affordable way.
  • ...1 more annotation...
  • Sending money to Somaliland Ismail’s home country was difficult. Most money transfer companies and banks charged exorbitant rates and took longer to complete transfers. Convinced that technology would help cut transaction costs and send money faster, Ismail started WorldRemit. General Payment Options Supported Currencies Support
  • hichamachir on 10 Feb 21
     
    I believe that WorldRemit is a good example of how fast and efficient a digitalized service should be. The flexibility of the service makes us understand that the future is in safe hands with digitalization even though there's always a way to improve the service of course.
  • hindelquarrouti on 13 Feb 21
     
    Worldremit is known for providing its users with affordable money transfers with fees that are often lower than average, yet the transfer is secure affordable and rapid. The main components that made the company successful
mehdibella

IFC and Fawry Help Extend Financial Services across Egypt - 0 views

pressroom.ifc.org/...PressDetail.aspx

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • IFC and Fawry Help Extend Financial Services across Egypt
  • The $6 million investment will help Fawry, a local company, extend its network of payment terminals across Egypt, a country heavily reliant on cumbersome cash transactions. That is expected to help consumers pay bills and make it easier for businesses to receive payments, stoking commerce and economic growth.
  • The investment is also designed to help restore investor confidence in Egypt and create jobs in its burgeoning high-tech sector.
  • ...1 more annotation...
  • The company has more than 20,000 payment locations, including retail stores, post offices, and the ATMs of 10 commercial banks. With IFC’s support, Fawry is planning to increase its number of payment locations to 35,000 by 2016. The investment is part of IFC’s efforts to catalyze foreign investment in Egypt, support the private sector, and drive job creation. In the 2012 fiscal year, IFC committed $506 million to seven local projects, a figure that includes $125 million mobilized from other investors. IFC has over $1 billion invested in the country.
mehdibella

AliExpress Kenya Online Shopping Payment through M-PESA - Safaricom - 0 views

www.safaricom.co.ke/...aliexpress-m-pesa

M-pesa kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Safaricom PLC and Ant Financial Services – the world’s largest fintech services provider – have announced a partnership that will allow Kenyans shopping on AliExpress to pay for their purchases using M-PESA.
  • Safaricom PLC and Ant Financial Services – the world’s largest fintech services provider – have announced a partnership that will allow Kenyans shopping on AliExpress to pay for their purchases using M-PESA.
    • kaoutarchennoufi
      kaoutarchennoufi on 13 Feb 21
       
      Thanks to M-Pesa, online shopping is now available in Kenya. Safaricom PLC has signed up a partnership with Ant Financial Services in order to allow Kenyans to make online purchases on Aliexpress platform. It has also facilitated the purchase process by allowing its customers to use their post office box numbers as the delivery location for their items. This act will spread the culture of online shopping and thus online payment in Kenya.
  • Kenyans shopping on Aliexpress.com will be presented with M-PESA as one of the payment options when checking out their shopping cart on the website. Once customers select M-PESA, they will then key in their mobile phone numbers and will subsequently receive a prompt on their phones to type their M-PESA PIN to complete the payment.
    • ghtazi
      ghtazi on 13 Feb 21
       
      M-Pesa will now be present on Aliexpress.com too, in order to facilitate the shopping of Kenyans users.
  • ...4 more annotations...
  • Safaricom PLC and Ant Financial Services – the world’s largest fintech services provider – have announced a partnership that will allow Kenyans shopping on AliExpress to pay for their purchases using M-PESA.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This is a big intiative for M-Pesa to gain more customers and gain more revenues
  • AliExpress M-PESA
  • The move especially targets micro-traders in the country who source for goods and other supplies from manufacturers in China, and signifies Safaricom’s continued push to position M-PESA as a truly global mobile money transfer and payments platform.
  • AliExpress customers selecting M-PESA as a payment channel will have their total cost displayed in Kenya Shillings with standard Lipa Na M-PESA Paybill charges applicable for each transaction. As has been the case, shoppers will also have the option of using their post office box numbers as the delivery location for their items.
  • hindelquarrouti on 13 Feb 21
     
    M-pesa did a partnership with AliExpress so that now it also targets users of Aliexpress. This will make M-pesa widen the range of customers it targets as well as it will position it as an international company.
kaoutarchennoufi

Fawry - Crunchbase Company Profile & Funding - 1 views

www.crunchbase.com/...fawry

B2B B2C Grow Channels

shared by kaoutarchennoufi on 13 Feb 21 - No Cached
  • Fawry is a pioneering Electronic Payment Network, offering financial services to consumers and businesses
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      Fawry is a business that offers services not only to customers but to businesses as well.
  • Fawry is a pioneering Electronic Payment Network, offering financial services to consumers and businesses through more than 65 thousand locations and a variety of channels. It offers a convenient and reliable way to pay bills and other services in multiple channels (online, using ATMs , mobile wallets and retail points)The company'snetwork of retailers includes small groceries, pharmacies and stationaries, and post-offices, all equipped with point-of-sale machines – the same ones used for credit card payments.
    • kaoutarchennoufi
      kaoutarchennoufi on 13 Feb 21
       
      Fawry does not focus only focus on customers but it creates services geared toward other businesses as well. It has a large network with 65 thousands locations and many channels. selling to both consumers and businesses is a good strategy to grow faster, and increase market share.
nourserghini

Visa partners with Paga on payments and fintech for Africa and abroad | TechCrunch - 0 views

techcrunch.com/...-fintech-for-africa-and-abroad

Paga Nigeria Ethiopia Remittance Partnership Visa

shared by nourserghini on 07 Feb 21 - No Cached
  • Visa has entered a partnership with Nigeria based startup Paga on payments and technology.Founded in Lagos, Paga scaled its fintech business in West Africa, before targeting expansion in Ethiopia and Mexico.The startup has created a multi-channel network for over 14 million customers in Nigeria to transfer money, pay-bills and buy things digitally through its mobile-app or 24,840 agents.The new arrangement allows Paga account holders to transact on Visa’s global network. It will also see both companies work together on tech.The collaboration reflects a strategy of the American financial services giant to expand in Africa working with the continent’s top startups.
    • nourserghini
      nourserghini on 07 Feb 21
       
      The article explains that the original location of Paga is in Nigeria and that its new targeted location in Africa Ethiopa. It delivers services of money transfers, pay-bills and digitally buying through the mobile app. The new partnership also allows Paga customers to transact on the global network of Visa. Its customers are the millions of Nigerians as well as the new customers from the expansions in Ethiopia and Mexico.
hindelquarrouti

WorldRemit review 2021: Complaints, fees, rates | finder.com - 2 views

www.finder.com/-international-money-transfers

worldremit Benefits fintech

shared by hindelquarrouti on 11 Feb 21 - No Cached
  • What to watch out forMaximum daily limits. Transaction limits depend on how you are sending the money, while a total 24-hour cap of $9,000 applies to all transactions being sent by you out of the US.Changing fees. Depending on where you are sending to, how you are paying and how you are transferring money, your fees may vary. Although a base fee of $3.99 is applied to most transfers, keep an eye on this category when actually completing your transfer to make sure it doesn’t change.No hedging options. WorldRemit only offers one-off transfers, unlike some of its competitors that offer additional tools to help you save money. Hedging tools are most often used to lock in an exchange rate, helping you save money on future transfers if the market shifts against your position.Inconsistent markups. Exchange rates vary through WorldRemit and depend not only on the currency you are sending to but also on the destination country. Expect mid-market markups anywhere from 1-4%.
  • Easy-to-use website. Signing up and sending money can be done in as little as a few minutes, and support can be accessed through phone, email, live chat and FAQs.Worldwide network. Customers in more than 50 countries can send funds to over 150 countries using a variety of methods, including bank transfers, cash pickup at thousands of locations, door-to-door delivery, delivery to services like Alipay and more.Flexible payment options. Pay with a credit or debit card, from your bank account, through Apple or Google Pay and even with prepaid cards.Fast transfers. Cash pickups, WorldRemit Wallet transfers and airtime top-ups are typically available instantly after sending, while mobile money and bank deposits may take one or more business days to process.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      The boundaries of WorldRemit services are discussed in this article. Every service has its limits, so the company has to focus on this aspect to strengthen its services by asking the service users for feedback.
  • Cash pickups, WorldRemit Wallet transfers and airtime top-ups are typically available instantly after sending, while mobile money and bank deposits may take one or more business days to process.
  • ...2 more annotations...
  • WorldRemit transfers can be sent from over 50 countries and received in over 150 countries.
  • WorldRemit uses many methods to protect your transaction and is authorized and regulated by many government agencies.
  • hichamachir on 11 Feb 21
     
    This article talks about the limits of WorldRemit services. I think that every service got its limits so the company has to work on this aspect in order to improve its services by asking about feedback for the service users.
  • hindelquarrouti on 13 Feb 21
     
    Besides aiming for financial inclusion, Worldremit offers a lot of benefit to its client since it is easy to use, as well as, it is a worldwide network with flexible payment options and fast transfers that are not available in traditional banking. This has created a competitive advantage for the company
mbellakbail69

Fawry | IBM - 3 views

www.ibm.com/...ware-flashsystem-power-systems

shared by mbellakbail69 on 07 Feb 21 - No Cached
  • Fawry now supports millions of transactions daily for consumers and business through more than 90,000 locations (including groceries, pharmacies, stationaries and post offices), as well as through multiple alternative channels, including online, ATMs, and mobile wallets. The company’s client base and service offerings continue to expand, leading to rapid data growth. Abbas comments: "Our data has doubled in just the last eight months, and we expect it to grow even faster in the years to come.”
  • The technology offers data compression and deduplication features that enable Fawry to boost utilization of storage resources. Abbas adds: “IBM FlashSystem A9000R offers much greater performance than our previous storage platform, meaning that we get both optimized data economics and short response times. We were able to achieve a seamless migration to the new platform with zero downtime.”
  • Each day, Fawry processes 2 million financial transactions, giving Egyptians an easy, secure payment alternative to the complex, time-consuming procedures that are the norm. To help grow customer satisfaction and speed the roll-out of new services, Fawry deployed IBM® Storage, IBM Db2® and Oracle database on IBM Power Systems™ solutions.
  • ...6 more annotations...
  • With a population of over 100 million people, Egypt is a land of opportunity for consumer services providers. In a country where payment procedures are often slow, fragmented and complex, Fawry identified a gap in the market for a simple, secure omnichannel payment gateway.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces the need that Fawry was created to tackle and the market gap that it saw as an opportunity to prosper. It is very important to understand the core problem around which Fawry services were designed, in order to be able to design and develop strategies that are faithful to this same goal.
  • Fawry now supports millions of transactions daily for consumers and business through more than 90,000 locations (including groceries, pharmacies, stationaries and post offices), as well as through multiple alternative channels, including online, ATMs, and mobile wallets. The company’s client base and service offerings continue to expand, leading to rapid data growth. Abbas comments: "Our data has doubled in just the last eight months, and we expect it to grow even faster in the years to come.”
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      Fawry strives to make the life of their customer simpler. They have an e-commerce solution that links sellers to buyers that provide different methods of payment.
  • Fawry Putting Egypt on the global digital payments map
  • The company’s success is built on delivering consistently fast, dependable services alongside continual innovation. Seeing an opportunity to do more with its data, Fawry evaluated its technology infrastructure to ensure it was ready for the next phase in its evolution.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry focuses on fast and dependable services based on innovation. The company also works on making better use of the data collected to make informed decisions; while keeping in mind the importance of a good technology infrastructure ready for the implementation of any new phase.
  • Haytham Abbas, Infrastructure Director at Fawry, picks up the story: “When we launched in 2008, the average household had to deal with around 13 separate utility and service providers. Since they typically had to set up payments with each service provider separately, often by visiting a branch, this was a lot of hassle. We created an omnichannel digital payment network to make life easier for consumers and the businesses that serve them.”
  • Fawry has a long history with IBM, having chosen IBM solutions to underpin its business again and again over the last decade. The company relies on both IBM Db2 and Oracle database software running on IBM Power Systems to support its bespoke electronic financial platform, processing 2 million transactions per day. “Together, IBM Db2, Oracle database and IBM Power Systems solutions give us the ability to process huge transaction volumes,” comments Abbas. “They provide a powerful foundation for our business, and have scaled seamlessly as we’ve grown.”
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      To ensure that it selected the best offerings on the market for its latest refresh, the company's IT team undertook a thorough evaluation of storage and server options from multiple vendors.
  • chaimaa-rachid on 07 Feb 21
     
    Fawry aims to make their client's life easier. They have an e-commerce solution that connects sellers with buyers offering various payment methods.
  • ...1 more comment...
  • hichamachir on 12 Feb 21
     
    The success of the compnay relies on its partnerships. Fawry's partnership with IBM is brilliant because IBM can offer Fawry some advanced technology that can help improve the business.
  • hindelquarrouti on 13 Feb 21
     
    Fawri is a secure alternative to the traditional procedures. It is user friendly and Egiptians are benefiting from it.
  • kenza_abdelhaq on 13 Feb 21
     
    "The company's success is built on delivering consistently fast, dependable services alongside continual innovation. Seeing an opportunity to do more with its data, Fawry evaluated its technology infrastructure to ensure it was ready for the next phase in its evolution."
kaoutarchennoufi

About Us - Fawry - 1 views

fawry.com/aboutus

Fawry Own-patent InternationalStandards Security

shared by kaoutarchennoufi on 10 Feb 21 - No Cached
  • Fawry offers a convenient and reliable way to pay bills and other services  in multiple channels (online, using ATMs , mobile wallets and retail points)Fawry’s network of retailers includes small groceries, pharmacies and stationaries, and post-offices, all equipped with point-of-sale machines – the same ones used for credit card payments.
    • ghtazi
      ghtazi on 10 Feb 21
       
      Fawry that is the only technology company on The Egyptian Exchange currently offers over 250 electronic payment services through its network of over 105,000 service points across 300 cities in Egypt - that include ATMs, mobile wallets, retail shops, post offices, and little vendor kiosks
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      Fawry offers a variety of services from groceries, to pharmacies, to banking, etc. It's a platform that contains many services to facilitate operations.
  • Based on its own-patented technology, that is fully compliant with international security standards of the ISA 27001 and PA DSS certifications, Fawry performs more than 3 million financial operations daily.Fawry services for businesses include collection services, customer acquisition, electronic cash, payment facilitation, and business-to-business collection centers.
    • kaoutarchennoufi
      kaoutarchennoufi on 13 Feb 21
       
      Fawry is a very powerful Egyptian Digital Transformation and E-payments platform thanks to its diverse services provided and its high performance that reaches 3 million financial operations daily. The impressive thing is that it has its own patent that respects the international security standards.
  • Fawry is the Leading Egyptian Digital Transformation & E-Payments Platform, offering financial services to consumers and businesses through more than 194,000 locations and a variety of channels.Fawry offers a convenient and reliable way to pay bills and other services  in multiple channels (online, using ATMs , mobile wallets and retail points)Fawry’s network of retailers includes small groceries, pharmacies and stationaries, and post-offices, all equipped with point-of-sale machines – the same ones used for credit card payments.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Fawry is the largest e-payments platform in Egypt. It proposes all financial services important for the daily life of citizens which makes paying bills and others easier.
  • ...2 more annotations...
  • About Us - Fawry
  • Fawry is the Leading Egyptian Digital Transformation & E-Payments Platform, offering financial services to consumers and businesses through more than 194,000 locations and a variety of channels.
    • mehdibella
      mehdibella on 13 Feb 21
       
      Fawry offers a convenient and reliable way to pay bills and other services in multiple channels (online, using ATMs , mobile wallets and retail points)
ghtazi

Invest Mobile | F6S - 0 views

www.f6s.com/investmobile

FinTech ghana E-payments

shared by ghtazi on 12 Feb 21 - No Cached
  • We connect our clients to the best investment solutions through our custom algorithm thats allows you to invest daily, weekly or monthly
    • aminej
      aminej on 12 Feb 21
       
      InvestMobile offers the most profitable investments for their customers in order to maximize their profits. It is located Ghana, Accra, it will reduce the number of unbanked people and teach people more about investments methods
  • We connect our clients to the best investment solutions through our custom algorithm thats allows you to invest daily, weekly or monthly
    • ghtazi
      ghtazi on 27 Feb 21
       
      the vision of Invest mobile, they claim that they have a custom algorithm that would suits best their customers in their investment
mbellakbail69

South Africa Mobile Retail Shopping Report 2019: Market Size and Forecast, Retail Spend... - 0 views

www.prnewswire.com/...viour-2018-2025-300961880.html

South Africa Snapscan Market size

shared by mbellakbail69 on 27 Feb 21 - No Cached
  • South Africa Mobile Retail Shopping Market Size and Forecast (2016 - 2025)Market opportunity and growth dynamics in retail shopping by mobile payment transaction value, volume and average transaction value across following segments in South Africa
hibaerrai

WorldRemit Partners with Palawan Pawnshop in the Philippines to Let Filipinos Pick Up C... - 0 views

finance.yahoo.com/...hop-philippines-234900834.html

WorldRemit Algeria Remittance E-payments

shared by hibaerrai on 09 Feb 21 - No Cached
  • WorldRemit is a leading digital cross-border payments business. We disrupted an industry previously dominated by offline legacy players by taking international money transfers online—making them safer, faster, and lower-cost. We currently send from 50 to 150 countries, operate in 6,500 money transfer corridors worldwide, and employ over 1,100 people globally.On the sending side WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, the company offers a wide range of options including bank deposit, cash collection, mobile airtime top-up, and mobile money.
    • hibaerrai
      hibaerrai on 09 Feb 21
       
      WorldRemit started the year successfully with a new remittance partner in the Philippines (Palawan Pawnshop) expanding thus its activities in the country.
  • Backed by Accel, TCV, and Leapfrog—WorldRemit’s headquarters are in London, United Kingdom with regional offices in the United States, Canada, Australia, New Zealand, Hong Kong, Singapore, Malaysia, the Philippines, South Africa, Somaliland, Uganda, Kenya, Rwanda, Tanzania, Zimbabwe, and Belgium.
    • hibaerrai
      hibaerrai on 10 Feb 21
       
      WorldRemit is based in London but expanded in numerous countries all over the world namely in Africa.
sawsanenn

Fawry | E-Payment & Digital Transformation Leading Platform in Egypt - 0 views

fawry.com

FinTech E-payments

shared by sawsanenn on 10 Feb 21 - No Cached
  • Fawry is the leading digital transformation & E-payment platform in Egypt, offering financial services to consumers and businesses through more than 194,000 locations and a variety of channels. In addition Fawry considered as a provider of payment gateway in Egypt and e-commerce solutions. Know More
    • sawsanenn
      sawsanenn on 10 Feb 21
       
      The pandemic has created a surge in demand for electronic payment services and Fawry being the leading player in Egypt obviously has benefitted a lot from that - which is also evident from the company's just-announced financials for the second quarter.
aminej

HOOD - Read Your Car's Mind - 0 views

hoodeg.com

Egypt Innovative Car Driving Fintech App Online Service

shared by aminej on 12 Feb 21 - No Cached
  • Hood is designed to rest assure your mind by collecting a big cloud of data that keeps track of your car’s mileage, gas usage, performance, and its engine health to save your money, time and energy . also, Hood informs you of every little detail about your cars; drivers’ driving habits The device also keeps track of each driver’s driving score to keep you aware of possible bad driving habits
    • aminej
      aminej on 12 Feb 21
       
      I love this concept which can be very useful in Morocco since we have a big number of cars. Indeed, most people forget to take some important measures of control and safety for their cars because they are too busy working. This app can help you stay in touch with any issue concerning your car that could cause you an issue and help you know it before something happens.
  • Hood provides a device for users’ cars that is synced with Hood’s mobile application. The app informs the user when an error is detected and whether it is minor or requires immediate attention. Users can also check and clear the code of the engine light, track their trip history, locate the nearest car shop, keep their gas expenses in check, monetize the car’s movement and have a big cloud of data
    • aminej
      aminej on 12 Feb 21
       
      I believe that this could work in Morocco very well because we are the second country with the highest number of cars in Africa after Egypt, so there is a big customer target of almost 4 million cars with 110.000 cars being imported every year
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