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mohammed_ab

Ethiopia: "Mobile money doubled my number of customers in just three years"Et... - 0 views

www.betterthancash.org/...-customers-in-just-three-years

BelCash MobilePayment Ethiopia

shared by mohammed_ab on 10 Feb 21 - No Cached
  • Bisharo’s story is one of the many urban merchants who have discovered the power of digital payments for their businesses. Over the past few years, technology providers such as BelCash with their HelloCash mobile money, product working closely with the Somali Microfinance Institution, have made significant progress in helping merchants like Bisharo realize the benefits of digitizing payments.
  • mohammed_ab on 10 Feb 21
     
    This article shows how mobile money has enabled a small shop owner in Addis Ababa, Ethiopia, has been able to generate more revenue just by letting its customers pay with mobile money. It also demonstrates the convenience that mobile payments have on its users especially for sellers. I really liked the story of Bisharo, the owner of that small shop, whose life has changed because of a fintech solution.
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.
aymanelmamoun

Investrust launches InvestMobile - Telecompaper - 0 views

www.telecompaper.com/...-launches-investmobile--889207

InvestTrust MobilePayment Africa DigitalStrategy

shared by aymanelmamoun on 13 Feb 21 - No Cached
  • Zambia's Investrust Bank launched InvestMobile, its mobile banking service. The product will be rolled out to existing account holders before being extended to unbanked communities. InvestMobile works from the handset, providing an account summary of the last seven transactions and supporting payment of bills to various utility companies such as Lusaka Water and Sewerage Company and MultiChoice. Customers will be able to view status on accounts such as term deposits, loan statements and positions on cleared or uncleared cheques and make transfers within the bank and to external accounts at
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      Investrust Bank launched InvestMobile in Zambia as a mobile banking service allowing the company to attract unbanked citizens.
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