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nourserghini

Abacus' New Android App Let's You Track the Nairobi Stock Exchange On the Go | TechCabal - 0 views

techcabal.com/...irobi-stock-exchange-on-the-go

Abacus Investech Mobile App Kenya

shared by nourserghini on 13 Feb 21 - No Cached
  • Abacus is a web and mobile software that lets you keep tabs on whatever is going on with the Nairobi Securities exchange in real time. And now, the team behind it has launched an Android app. The app was launched today and users now have access to regular updates from activities on the Nairobi Securities Exchange. The Abacus team, led by Joel Macharia as the CEO and Kevin Omwega as the director, have more than ten years of market experience. Abacus was one of the startups that participated in 2015 DEMO Africa event.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Abacus' android app has been launched in early 2016 and is allowing access to updates of the Nairobi Securities Exchange .
mehdibella

Goldman Sachs cash confirms Jumo as fintech heavyweight - 1 views

www.theafricareport.com/...ms-jumo-as-fintech-heavyweight

Jumo Fintech finance SouthAfrica

shared by mehdibella on 11 Feb 21 - No Cached
  • Created in 2015 in Cape Town by Andrew Watkins-Ball, the company, which specializes in savings, loans and insurance for people and small businesses far from the traditional banking system, has raised $55 million (50 million euro) in debt and venture capital from the American bank.
    • samielbaqqali
      samielbaqqali on 11 Feb 21
       
      The company asked for a big amount from an American bank in order to perfect their investment.
  • Created in 2015 in Cape Town by Andrew Watkins-Ball, the company, which specializes in savings, loans and insurance for people and small businesses far from the traditional banking system, has raised $55 million (50 million euro) in debt and venture capital from the American bank.
  • The company has raised nearly $146 million since its creation from renowned players such as Google, which integrated Jumo into its accelerator in May 2017, the Mastercard foundation, development institutions such as Finnfund and Proparco (the private branch of the French Development Agency).
  • ...9 more annotations...
  • Goldman Sachs cash confirms Jumo as fintech heavyweight
  • By entering Jumo's final $55 million round of financing, the US bank Goldman Sachs is raising the South African fintech's profile
    • mehdibella
      mehdibella on 13 Feb 21
       
      the company has taken millions of dollars to secure the continuation of this project
  • Jumo is connected to continental telecom operators such as Tigo, Airtel, and MTN as well as traditional banks such as Letshego in Ghana and Barclays in Zambia, to integrate its offers with those of its partners.
    • mehdibella
      mehdibella on 13 Feb 21
       
      it made a lot of partnerships arround many companies that would make transactions easier
  • Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.By 2019, the start-up, claimed to have provided more than $bn in loans to 15 million customers, and to employ 300 people across 11 countries.
  • Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.
    • ghtazi
      ghtazi on 13 Feb 21
       
      this is once again a smart move from jumo, they diversify their activity, which can be more than benefic for them.
  • Jumo is already active in Ghana, Kenya, Pakistan, Tanzania, Uganda, and Zambia and has representation in Cape Town, New Delhi, London, Mumbai, Nairobi, Porto, and Singapore, where its founder is now based.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt introduces us to the geographical scope of Jumo, which appears to be pretty large (in Africa and Asia).
  • By 2019, the start-up, claimed to have provided more than $bn in loans to 15 million customers, and to employ 300 people across 11 countries.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it gives us a measurement of how active Jumo is in providing customers with loans (one of their products). It also gives us an idea about the size of the company (300 employees accross 11 countries).
  • Jumo is connected to continental telecom operators such as Tigo, Airtel, and MTN as well as traditional banks such as Letshego in Ghana and Barclays in Zambia, to integrate its offers with those of its partners. Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.
  • With this new round of financing — its fourth since April 2018 — the company, which targets emerging markets and is part of the very select club of African start-ups active beyond the continent’s borders, now intends to conquer Côte d’Ivoire, Nigeria, as well as Bangladesh and India
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this countries can bring new options to jumo, not only new customers but also new services. These new entrances can bring to Jumo high revenues as well
  • hichamachir on 12 Feb 21
     
    JUMO is opting for a good strategy which is doing a partnership with Google. Partnerships with giant companies like google are always beneficial because they offer you great technology and a big capital to improve your business.
  • mohammed_ab on 13 Feb 21
     
    I like the way JUMO chose its partners in the telecommunication industry. Partnering with MTN that is the first telecom operator in Africa and also a big fintech advocate is a good decision for JUMO to grow.
nourserghini

How little known Abacus is enabling Kenyans to Micro-invest in Securities on the Nairob... - 0 views

medium.com/...airobi-securities-e59f67346da9

Abacus Investech Mobile App Website Trading

shared by nourserghini on 08 Feb 21 - No Cached
  • A new Kenyan startup called Abacus (www.abacus.co.ke) is a licensed data vendor with the Nairobi Securities Exchange(NSE).Its been in existence since 2015 and just early this year,in partnership with Genghis Capital and Chase bank,they began offering subscribers the ability to deposit,buy,sell and trade unit trusts,bonds and equities on their platform.
    • ayachehbouni
      ayachehbouni on 08 Feb 21
       
      Abacus helps investors in African markets make and execute faster, smarter, and more informed decisions by providing real time financial data, news, analysis and analytics tools and market access.
  • A new Kenyan startup called Abacus (www.abacus.co.ke) is a licensed data vendor with the Nairobi Securities Exchange(NSE).Its been in existence since 2015 and just early this year,in partnership with Genghis Capital and Chase bank,they began offering subscribers the ability to deposit,buy,sell and trade unit trusts,bonds and equities on their platform.
    • aminej
      aminej on 13 Feb 21
       
      Abacus offers very interesting investing opportunities for Kenyans who want to learn about trading through stocks, bonds and other securities. It will also reduce the number of people who are unbanked and encourage them to use these services in order to maximize profit
  • All in all,Abacus allows you to easily get started on the road to investing in the NSE,its available on the web through www.abacus.co.ke and the android app is available on the Google play store,A basic subscriber account is easy to set up and allows one to easily get started with practise trading with virtual funds and realtime NSE data on market open so that one can learn.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article shows that Abacus makes investing easier through its website and android app that allow trading with virtual funds and real market data.
nourserghini

List of all Fintech companies in Kenya that you should check out - 0 views

www.tuko.co.ke/t-fintech-companies-kenya.html

Abacus data vendor Kenya Investech

shared by nourserghini on 13 Feb 21 - No Cached
  • Abacus is an online multi-asset class brokerage agent in Kenya. It is one of the few Fintech companies in Kenya that help local and international investors to access unit trusts, mutual funds, bonds, and stocks online. Through Abacus, Kenyans can save and invest in areas that give them the best returns for their money, without necessarily having access to a bank account.Abacus also builds mobile and web software platforms that help investors to access financial markets in Africa. The solutions it offers make it possible for people to research and invest online, anytime, anywhere. Because of the type of business it conducts, Abacus is licensed as a data vendor by Kenya’s Nairobi Securities Exchange.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This is interesting because it states that Abacus is one of the few fintechs in Kenya that provide help to local and international customers in investing. Another important aspect mentioned is that Abacus is licensed to be a data vendor from Nairobi Securities Exchange.
nourserghini

MPESA, Safaricom voted Kenya's best brands - Nairobi News - 0 views

nairobinews.nation.co.ke/...ricom-voted-kenyas-best-brands

Mpesa Competition Covid19 Kenya

shared by nourserghini on 13 Feb 21 - No Cached
  • Ironically, MPESA came in handy in 2020 as the pandemic fueled an increase in mobile transactions.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      M-Pesa voted as Kenya's leading superbrand for the 4th year in a row and it definitely played a major role in the context of the pandemic.
  • Mobile money transfer platform Mpesa has been voted Kenya’s leading superbrand.In a survey carried out by top urban consumers and undertaken by Kantar TNS in Nairobi, Mombasa, and Kisumu, leading telecommunications firm Safaricom, which owns the MPESA brand, came in second.It is the fourth year on the trot that MPESA has won this accolade, coming at a time the Covid-19 pandemic has hit the country’s economy.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Mpesa was able to maintain the leading superbrand in Kenya even with the whole pandemic affecting the economy. That was because many transactions were conducted through mobiles and this allowed the platform to strengthen.
  • kenza_abdelhaq on 13 Feb 21
     
    "Ironically, MPESA came in handy in 2020 as the pandemic fueled an increase in mobile transactions."
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.
  • 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.
  • ...2 more annotations...
  • 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.”
  • 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
mehdibella

M-Pesa : quel miracle pour réussir hors du Kenya ? - Jeune Afrique - 0 views

www.jeuneafrique.com/...cle-pour-reussir-hors-du-kenya

M-pesa kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • C’est un retour en force aux allures de pari. Quatre ans après avoir retiré M-Pesa du marché sud-africain, l’opérateur de télécommunications Vodacom a annoncé en juillet le lancement d’un nouveau service de paiement par mobile. L’offre sera conçue en partenariat avec Ant Financial Services Group, un groupe chinois qui commercialise le puissant service de mobile money Alipay, créé par le fondateur du site d’e-commerce Alibaba, Jack Ma.
    • aminej
      aminej on 13 Feb 21
       
      I believe that with the funds and experience of AliBABA they will manage to do great at the international level this time. Chinese are known for their very efficient telecommunications companies so I think that it will be good for M-pesa to gain such knowledge from chinese
  • M-Pesa : quel miracle pour réussir hors du Kenya ?
  • Cette fois-ci, la filiale africaine de Vodafone tente à nouveau l’aventure sans s’appuyer sur M-Pesa, dont elle est pourtant devenue cette année le coactionnaire aux côtés de Safaricom, afin de justement favoriser son développement.
  • ...2 more annotations...
  • Est-ce un complexe de supériorité hérité de son histoire kényane ? À Nairobi, M-Pesa a profité, depuis sa création en 2007, de la domination de l’opérateur Safaricom – qui captait plus de 84 % des parts de marché sur le mobile au moment de son lancement, et en détient désormais 87 % – et de la bienveillance du régulateur.
  • Additionnées, les activités hors du Kenya enregistrent donc un succès tout relatif avec un total de 14,7 millions de clients représentant environ 38 % de la base clients totale de M-Pesa.
kaoutarchennoufi

Madaraka Express Ticket - Safaricom - 0 views

www.safaricom.co.ke/...madaraka-express-ticket

Travel ReturnPolicy Bookings Madaraka

shared by kaoutarchennoufi on 13 Feb 21 - No Cached
  • Going to Nairobi or Mombasa? Start off your Madaraka Express experience in style. Simply dial *639# to buy a Madaraka Express ticket and pay via M-PESA. It’s easy and fast! Buy up to a maximum of 5 tickets in one transaction 24/7 from the comfort of your home, office or even while on the go. You can book your ticket seven (7) days in advance plus a return ticket as long as it is within (seven) 7 day window period. You may also buy tickets over the counter at the Mombasa and Nairobi termini and at the respective departing intermediate station or by calling 0709 388888 and paying via M-PESA Group bookings of over 20 passengers must be made nine (9) days to the travel date.
    • kaoutarchennoufi
      kaoutarchennoufi on 13 Feb 21
       
      M-pesa is also present in the travel field! very impressive! The special thing is that it allows people to book their tickets even 7 days before the day they want to travel on and they can also return it as long as it is within the 7 days. The return option is very rare to find in other facilities.
nourserghini

What you need to know about the new digital motor insurance certificate in Kenya - Dawi... - 0 views

dawitinsurance.co.ke/...insurance-certificate-in-kenya

Bismart insurance fraud management Kenya

shared by nourserghini on 13 Feb 21 - No Cached
  • In addition to this, motor insurance providers have had to contend with cases of double insurance, fake insurance certificates, and stolen insurance certificates. Research carried out by Bismart showed that 12% of insurance policies do not exist in the underwriters’ databases even though the motor vehicle owners have paid for their premiums. 22% of the motor vehicle insurance policies surveyed cannot be validated.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This is very interesting because it shows that Bismart is putting Kenyan customers first and that, among its services, its efforts are allowing their clients to understand what insurances are really providing them with and to reveal where they paid premiums yet didn't get what the insurance promised.
nourserghini

Abacus Is Organising An Investment Training Program | TechCabal - 0 views

techcabal.com/...an-investment-training-program

Abacus Trading Partnership Investment

shared by nourserghini on 13 Feb 21 - No Cached
  • Kenyan startup, Abacus, in partnership with Strathmore University, is organising the Abacus Investment Academy to train individuals who want to learn more about financial markets. The program will take place at the Strathmore Business School in Nairobi and participants will be guided on how to invest in the different sectors and what to look out for before investing.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Abacus is also trying to encourage investment in Kenya by partnering with Strathmore University to train individuals to invest in financial markets through their Abacus Investment Academy program.
mohammed_ab

A competitor for Kiva? - 1 views

blogs.worldbank.org/...a-competitor-for-kiva

Kiva Crowdfunding Entrepreneurs Microfinance Mobile Movement

shared by mohammed_ab on 13 Feb 21 - No Cached
  • if someone doesn’t want to have that relationship but they want to microfinance, Kiva’s the best. For someone who’s interested in dialoguing and learning more and building relationships or having contact, this is where Mobile Movement becomes a new platform.
  • MobileMovement, a "next-generation microfinancing site, where donors and participants can communicate directly with young social entrepreneurs in the slums of Nairobi.
  • .if someone doesn’t want to have that relationship but they want to microfinance, Kiva’s the best. For someone who’s interested in dialoguing and learning more and building relationships or having contact, this is where Mobile Movement becomes a new platform.
  • chaimaa-rachid on 13 Feb 21
     
    Kiva has many competitors, but it still dominates the market for people who want to do microfinance.
  • mohammed_ab on 13 Feb 21
     
    This article talks about the different competitors of Kiva. What got my interest is that in Kiva, there isn't the possibility to dialogue and build contacts with the entrepreneurs you want to invest in. I believe that microfinance should be more than just money and funding, communication and sharing knowledge with the entrepreneur is also very important.
mehdibella

Fawry | Arab News - 0 views

www.arabnews.com/fawry

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Egypt’s Fawry eyes UAE deal, Saudi and Kuwaiti markets
  • Fawry offers digital payments to companies and individuals in Egypt Fawry handles around 2.1 million transactions daily and collected 40 billion Egyptian pounds last year
mehdibella

FWRY.CA - Fawry for Banking Tech and Elec Pay SAE Profile | Reuters - 0 views

www.reuters.com/...FWRY.CA

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Fawry for Banking Technology and Electronic Payment SAE Extraordinary Shareholders Meeting
  • The Company allows users to pay bills in multiple channels, such as online, using automated teller machine (ATMs), mobile wallets and retail points. The Company provides operations services specialized in systems and communications, management, operating and maintenance of equipment and computers networks services and internal systems of banks, networks, and centralized systems. The Company also establish operating systems for banking services through the Internet, phone and e-payment services. The Company’s network of retailers includes small groceries, pharmacies, stationaries, and post-offices, among others.
mehdibella

FWRY.CA - Fawry for Banking Tech and Elec Pay SAE Key Developments | Reuters - 0 views

www.reuters.com/...key-developments

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Fawry Shareholders Approve To Sell 1000 Shares In Fawry Dahab Electronic Services To Banque Misr
  • FAWRY FOR BANKING TECHNOLOGY AND ELECTRONIC PAYMENT <FWRY.CA>::SHAREHOLDERS APPROVE TO SIGN AGREEMENT TO SELL 1000 SHARES IN FAWRY DAHAB ELECTRONIC SERVICES TO BANQUE MISR.SAHREHOLDERS APPROVE FCILITY AGREEMTNT BETWEEN UNIT FAWRY MICROFINANCE AND EGPYTIAN AMERICAN ENTERPRISE FUND IN A LIMIT OF EGP 160 MILLION .TO SELL SHARES IN FAWRY DAHAB ELECTRONIC SERVICES AT EGP 6,705 PER SHARE.SHAREHOLDERS APPROVE FINANCING OFFER FORM BANQUE MISR IN AUTHORISED CASH LIMIT OF EGP 150 MILLION.SAHREHOLDERS APPROVE AUTHORIZED CAPITAL INCREASE TO EGP 1 BILLION FROM EGP 500 MILLION.SHAREHOLDERS APPROVE ISSUED CAPITAL INCREASE TO EGP 453.7 MILLION FROM EGP 353.7 MILLION.SHAREHOLDERS APPROVES ISSUED CAPITAL INCREASE TO EGP 853.7 MILLION FROM EGP 453.7 MILLION THROUGH RIGHTS ISSUE.
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

M-Pesa - 0 views

www.vodafone.com/...m-pesa

M-pesa kenya Nairobi Fintech finance

shared by mehdibella on 12 Feb 21 - No Cached
  • M-Pesa is Africa's most successful mobile money service and the region’s largest fintech platform. M-Pesa is the preferred way to make payments across the continent both for the banked and unbanked due to its safety and unmatched convenience.
  • It also provides financial services to millions of people who have mobile phones, but do not have bank accounts, or only have limited access to banking services. Now, M-Pesa provides over 42 million people with a safe, secure and affordable way to send and receive money, top-up airtime, make bill payments, receive salaries, get short-term loans and much more.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      Even if people do not have bank accounts, they can still use M-PESA because it allows them to have access to financial services through their mobile phones.
  • In early 2020, Vodacom & Safaricom completed the acquisition of the M-Pesa brand from Vodafone Group through a newly created joint venture. The joint venture will accelerate the growth of M-Pesa through Africa by giving both Vodacom and Safaricom full control of the M-Pesa brand, product development and support services as well as the opportunity to expand M-Pesa into new African markets
    • ghtazi
      ghtazi on 13 Feb 21
       
      after that Vodacom & Safaricom acquired M-Pesa brand from the Vodafone group, they created a new joint venture that will help M-pesa to grow across Africa, which I believe is a big opportunity for the group
  • ...9 more annotations...
  • M-Pesa is Africa's most successful mobile money service and the region’s largest fintech platform. M-Pesa is the preferred way to make payments across the continent both for the banked and unbanked due to its safety and unmatched convenience.
    • kaoutarchennoufi
      kaoutarchennoufi on 13 Feb 21
       
      Thanks to its large Fintech platform, M-Pesa has managed to target both banked and unbanked people. Also, what distinguishes it, is that it does not require people to have a bank account in order to have access to its financial services, they only need to have a mobile phone.
  • In 2019, our 41.5 million active customers carried out over 12 billion transactions
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article states that M-pesa is the continent's leader in mobile money services with over 41,5 million customers from all over the continent.
  • M-Pesa is Africa's most successful mobile money service and the region’s largest fintech platform. M-Pesa is the preferred way to make payments across the continent both for the banked and unbanked due to its safety and unmatched convenience.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt is important because it defines M-Pesa as Fintech Platform, their services, and their customer target
  • Send and receive moneyDomestic transfers: M-Pesa customers can send money in real time to any other M-Pesa customer with an account registered in the same country. In most markets customers can now send money to mobile money users on other networks as well.International transfers: Through our international remittance partners, M-Pesa customers can receive and send money across borders in real time.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt describes the core services provided by M-Pesa, namely domestic transfers and international transfers.
  • LoansM-Pesa customers build a credit score that enables them to access loans via our bank partners. Products include M-Shwari and KCB M-Pesa in Kenya and M-Pawa in Tanzania. We work hard to ensure customers not only have access to credit but are also educated so they understand the implications of a loan.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This particular excerpt explains how M-Pesa provides underbanked/unbanked customers with access to loans that would change their lives and ameliorate their condition.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This page is important because it enumerates all of the different product and service offerings provided by M-Pesa, which is important to know in order to acquire a comprehensive knowledge and understanding of the company's actions.
  • What is M-Pesa?
  • M-Pesa is Africa's most successful mobile money service and the region’s largest fintech platform. M-Pesa is the preferred way to make payments across the continent both for the banked and unbanked due to its safety and unmatched convenience.  It also provides financial services to millions of people who have mobile phones, but do not have bank accounts, or only have limited access to banking services.
  • Established on 6th March 2007 by Vodafone's Kenyan associate, Safaricom, M-Pesa is Africa's leading mobile money service with more than 430,000 active agents operating across the Democratic Republic of Congo (DRC), Egypt, Ghana, Kenya, Lesotho, Mozambique and Tanzania.
  • chaimaa-rachid on 12 Feb 21
     
    This service permits clients to store cash into an account put away on their cell phone, and send it utilizing an individual recognizable proof number and secure SMS. This makes it conceivable to pay for products and services and to guarantee standard payments.
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.
mehdibella

Vodafone M-Pesa: Voda-Idea explores M&A for Vodafone M-Pesa - 0 views

economictimes.indiatimes.com/...69323972.cms

M-pesa kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Voda-Idea explores M&A for Vodafone M-Pesa
  • MUMBAI: Vodafone M-Pesa Ltd. (VMPL), the payments wallet owned by Vodafone Idea, is considering merging its business with an associate company or a third party, but in the interim, has applied to the Reserve Bank of India (RBI) for extension of its prepaid payment instrument (PPI) license.
  • The moves are prompted by the fact that Vodafone Idea - created by the merger of Vodafone India and Idea Group – holds 100% of Vodafone M-Pesa Ltd. (VMPL) besides 49% shareholding in Aditya Birla Idea Payments Bank Limited (ABIPBL).
mehdibella

Latest News on M-Pesa | Cointelegraph - 0 views

cointelegraph.com/m-pesa

M-pesa kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Latest News on M-Pesa | Cointelegraph
  • M-Pesa is Kenyan mobile, phone-based payment service provider for the mobile companies’ customers. M-Pesa is a money transfer service that, additionally, provides financing and micro-financing operations. The company was launched in 2007 by the two largest mobile network operators in Kenya and Tanzania. In 2013, M-Pesa in Africa became available for money transfers in Bitcoin, which are very popular among Kenyan and other African countries’ citizens due to their national currencies’ hyperinflation. Initially, M-Pesa was developed for Kenyan and other African citizens who don’t have access to ATMs or bank accounts to send or receive money, but the service has now reached Afghanistan and some European countries.
mehdibella

M-Pesa founders on launching Kenya's mobile wallet - BBC News - 0 views

www.bbc.com/...business-11793288

M-pesa kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • M-Pesa founders on launching Kenya's mobile wallet
  • Susie Lonie and Nick Hughes are the people responsible for Kenya's M-Pesa mobile money transfer system. It allows people without bank accounts to transfer money quickly, easily and safely using their mobile phones, and has radically altered developing world economies. There are now nearly 100 similar systems in the developing world.The pair recently picked up an Economist Innovation award for the service.The BBC's Fiona Graham spoke to them about launching M-Pesa, how businesses have benefited from the service, and dowries.
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