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kenza_abdelhaq

Ethiopay Places in the Top 25 Undergraduate Teams for e-Fest - Entrepreneurship and Inn... - 3 views

  • Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethiopians. They hope to help Ethiopians in the diaspora reach individuals at home by providing seamless payments. Hadgu and Yohannes entered this year’s competition to share their innovative venture and gain exposure.
    • kenzabenessalah
       
      It is important to know that EthioPay is not a service that functions only in Ethiopia, but individuals from North America and Europe are also able to help Ethiopians with their finances.
  • Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethiopians. They hope to help Ethiopians in the diaspora reach individuals at home by providing seamless payments. Hadgu and Yohannes entered this year’s competition to share their innovative venture and gain exposure.
    • sawsanenn
       
      This excerpt is important because we can see that the goal of this fintech company is to increase growth and meet customers' needs especially Ethiopian customers from all over the world. Additionally, They found a fundamental solution to several financial services issues that the Ethiopians used to face.
  • They are a centralized global payment platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between the United States and Ethiopia. Ethiopay co-founders Daniel Hadgu (B.B.A. ‘20) and Minas Yohannes (B.B.A. ‘20) are Eritrean descent while Michael Gizachew is of Ethiopian descent and they all struggled to send funds between the U.S. and their family abroad. Together they created a way to affordably and efficiently transfer money overseas.
    • nouhaila_zaki
       
      This excerpt is important because it enumerates the different products and services covered by the Ethiopay platform, notably the transfer of cross-border bill money, money transfer, mobile data and mobile minutes between the US and Ethiopia.
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  • Co-founder Daniel Hadgu states, “In my journey of understanding what it truly means to help others and become an effective leader, I have uncovered the power of innovation.”
    • ghtazi
       
      helping others is the major motto of the company. the platform allows individuals living in North America and in Europe to send payments for any bills to help their family in Ethiopia
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    "Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethi"
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    Ethiopia aims to resolve Ethiopian citizens' rising global challenges. Hadgu and Yohannes are excited to join the race next year to end in the hopes of taking home the Georgia State University and Ethiopay trophies.
mbellakbail69

Digital Payments Firm Strikes Gold in Egypt, Where Cash Is King - Bloomberg - 0 views

  • An Egyptian digital payments firm has quadrupled in value during the pandemic, helped by a government push to reduce citizens’ heavy reliance on cash. Investors and analysts are split on whether the stock rally has further legs.
  • A 300% rally from a mid-March low has boosted its market value to 20 billion Egyptian pounds ($1.3 billion). That puts Fawry among the country’s 10 most valuable companies alongside firms such as Telecom Egypt Co. and Elswedy Electric Co., which generate many times more revenue and profit.
    • ayachehbouni
       
      In addition to the opportunity the Covid-19 crisis has created to Fintech companies such as Fawry, The North African nation's central bank asking lenders to find a way to make sure all citizens have access to financial services, focusing on digital payments and mobile wallets, is also one of the main reasons behind the rise in the company's valuation as it resulted in its services being needed more than ever before.
  • Egypt, where it’s common for government employees to ring doorbells to collect cash payments for gas and electricity bills, is trying to shift more transactions digital. The North African nation’s central bank has asked lenders to set a strategy to ensure all citizens have access to financial services, focusing on digital payments and mobile wallets. The regulator is also pushing consumers to use payment platforms such as Fawry in an attempt to curb the spread of the new coronavirus.#lazy-img-364482620:before{padding-top:56.25%;}
    • nouhaila_zaki
       
      This excerpt is important because it reflects how the Egyptian government and central bank contributed to the prosperity of Fawry during the covid-19 pandemic.
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  • The National Bank of Egypt is looking to buy stakes in Aman, Raya Holding for Financial Investments’ e-payment subsidiary, which was planned to IPO in three years, the local business newspaper Al Mal reported in 2019. MM Group for Industry & International Trade SAE is also planning to begin procedures to list non-banking investments firm Ebtikar next year, according to Daily News Egypt.
    • mbellakbail69
       
      All the same, Fawry's surging stock price may encourage further investment in Egypt's e-payment sector.
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    I believe that digitalization helped many companies to boost their profits during the pandemic. Fawry's is the leading Fintech company in Egypt and the pandemic served this company very well.
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    "Egypt, where it's common for government employees to ring doorbells to collect cash payments for gas and electricity bills, is trying to shift more transactions digital. The North African nation's central bank has asked lenders to set a strategy to ensure all citizens have access to financial services, focusing on digital payments and mobile wallets. The regulator is also pushing consumers to use payment platforms such as Fawry in an attempt to curb the spread of the new coronavirus."
samiatazi

TPAY | Helios Investment Partners | Helios Investment Partners - 0 views

  • Helios completed the acquisition of a 76% stake in TPAY, a fast growing direct carrier billing provider in the Middle East and North Africa from A15, a leading tech investment fund based in Egypt. With offices in Cairo and the UAE, TPAY currently operates across 16 countries with almost half of its total transaction volume coming from African markets such as Egypt, Tunisia, Algeria and Morocco.
    • mehdibella
       
      here we notice that TPAY is ruling over the MEA region
  • TPAY provides a much-needed mobile payment solution in markets with low banking penetration and high mobile adoption.
    • mehdibella
       
      we can clearly understand that it is providing a huge solution for those in need of a banking system and cannot access it.
  • Helios completed the acquisition of a 76% stake in TPAY, a fast growing direct carrier billing provider in the Middle East and North Africa from A15, a leading tech investment fund based in Egypt. With offices in Cairo and the UAE, TPAY currently operates across 16 countries with almost half of its total transaction volume coming from African markets such as Egypt, Tunisia, Algeria and Morocco.
    • samiatazi
       
      here we notice that TPAY is ruling over the MEA region we can clearly understand that it is providing a huge solution for those in need of a banking system and cannot access it
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  • Helios completed the acquisition of a 76% stake in TPAY, a fast growing direct carrier billing provider in the Middle East and North Africa from A15, a leading tech investment fund based in Egypt. With offices in Cairo and the UAE, TPAY currently operates across 16 countries with almost half of its total transaction volume coming from African markets such as Egypt, Tunisia, Algeria and Morocco.
aminej

Dayra, an Egyptian fintech wins $15,000 grant from Y Combinator's Startup School - MENA... - 0 views

  • Share246TweetShareWhatsAppEmail246 SharesCairo-based fintech Dayra has won $15,000 grant from Y Combinator’s Startup School, becoming the first startup from the Middle East & North Africa to win it. The winners, most of which were from the United States, were announced by Y Combinator on Friday. MENAbytes also understands that there are at least three startups from the region that have made it to Y Combinator’s current accelerator batch (Winter 2020) that YC will reveal at its demo day in March 2020 – good few months for MENA at YC.
    • aminej
       
      It is amazing to see that North African Fintechs are also doing really well and even winning some competition and money to help develop themselves.
aminej

Mubawab acquires Jumia House in Morocco, Tunisia and Algeria - EMPG - 0 views

  • Mubawab, Morocco’s leading real estate portal acquired by EMPG in May 2018, has announced the acquisition of Jumia’s acclaimed property listings website Jumia House for the North African (specifically Morocco, Tunisia and Algeria) region. “The acquisition consolidates Mubawab’s position as the region’s leading real estate website, while providing access to the most promising real estate markets in the Maghreb, with more than 90 million people,” a company spokesperson said in a statement.
    • aminej
       
      Mubawab offers real estate opportunities to people in Algeria, Morocco and Tunisia. You can find any type of housing that you're looking for in their website which is really interesting. Since most people use Airbnb I think it would be good to encourage the National production.
nouhaila_zaki

What Kenya's mobile money success could mean for the Arab world - 1 views

  • For a successful model, the Arab World can look to Kenya’s development of mobile money or “M-Pesa”. In many ways, the elements that lead to M-Pesa’s success in Kenya are already present in the Arab World. Young people in MENA are digitally savvy, are active on social media and are some of the heaviest users of mobile phones in the world.
    • hichamachir
       
      M-Pesa can influence many countries to believe in the power of technology and innovation. I think that embracing the entrepreneurial lifestyle can help many countries to innovate and create successful business and M-Pesa is a great example.
  • The growth of M-Pesa is the result of many factors, including the ease of setting up an account (which is free and only requires an official ID), its simplicity of use, its affordability, the high literacy rate of the population, and the high penetration of mobile phones.Another key element to M-Pesa’s growth worth emphasizing is the regulatory stance adopted by the Central Bank of Kenya (CBK). It decided not to oppose the entry of the telecom operator into the financial sector as long as it offered sufficient guarantees. CBK adopted an “above the fray” position as a regulator and allowed for experimentation in order to foster innovation.
  • The successful adoption of M-Pesa in Kenya reverberated across the African startup scene. It acted as a catalyzer and a signal for young entrepreneurs in Kenya and Africa as a whole: revolutionary ideas could be successfully implemented in Africa and generate both business opportunities and a development path for local communities.
    • samielbaqqali
       
      M-Pesa will influence many nations to believe in the potential of creativity and technology. I think it will help many countries to innovate and build effective companies by adopting the entrepreneurial lifestyle, and M-Pesa is an excellent example.
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  • A MENA perspectiveMENA could easily follow in Kenya’s footsteps, and reap immense benefits. The adoption of mobile payment systems makes transactions cheaper, easier and safer. By simplifying how clients can pay for goods and services, it helps firms reach out to new customers and foster private sector development across the economy. Moreover, as is often the case with innovations, it has the potential to be built upon and used by other new technologies and to create a positive momentum in fintech as a whole.Governments in the Middle East and North Africa should enable digital innovation with conducive regulations and the development of a regulatory ‘sandbox’, which guarantees the security of transactions but allows for experimentation, that would stimulate the development and adoption of disruptive innovations.Today, economic connectivity is achieved by the development and harmonization of optic fibers, IT equipment, online payment systems, information transmission and data protection policies. If the MENA region puts sufficient efforts in this direction, it could propose a new path to its citizens, in particular the youth, and bring about a new development strategy adapted to the modern age.
    • nouhaila_zaki
       
      This except is very interesting because it touches upon the way in which M-Pesa could benefit MENA societies. It encourages MENA governments to legislate in favour of innovation and digital products in order to propose a new development strategy that befits the modern age.
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    I think that this article has some great information on how to replicate the success story of M-Pesa in the Arab World. I think that the Arab World is in need of such service to facilitate the life of unbanked people, and especially women. This article also highlights the importance of having a lenient regulatory system.
aminej

Ghana - Market Overview - 0 views

  • Ghana is a country of roughly 30 million people. It is a young and fast-growing country, with a relatively high population growth rate of 2.2 percent. More than half the population (57 percent) is under 25 years old. The country’s capital, Accra, is a bustling metropolitan area that is home to roughly 2 million people. Kumasi, the capital of the Ashanti Region north of Accra, is another large population center and an active commercial center with roughly the same population as Accra.
    • aminej
       
      The demograhics in Ghana are fascinating since half of the population is under 25 which is good for our company and digitalization in general throughout Ghana. The younger population will be more keen to use mobile apps than elder generations
kenza_abdelhaq

TPAY Mobile acquires Turkey's Payguru - Wamda - 0 views

  • The deal comes at a time when demand for digital payment services is surging due to the coronavirus pandemic. Within the Middle East and Africa region, mobile payments is a popular alternative among 50 percent of the population, most of which is underbanked.
    • kenza_abdelhaq
       
      The acquisition of Payguru by Tpay Mobile is a strategic partnership in the context of a global pandemic. It is also an alternative to around 50% of the population that is underbanked.
  • The FinTech sector in the Middle East and North Africa (MENA) region is also growing at a compound annual growth rate (CAGR) of 30 percent, much higher than the average global rate of 11 percent
    • kenza_abdelhaq
       
      The FinTech sector in the MENA region continues to grow rapidly with a compound annual growth rate much higher than the average global rate.
  • TPAY Mobile is a digital merchant acquirer that enables payments acceptance from more than 54 mobile payment types and wallets, which are connected to more than 580 million consumers. According to Sahar Salama, founder and chief executive officer of TPAY Mobile, the acquisition of Payguru will support their diversification and expansion strategy.
    • kenza_abdelhaq
       
      Tpay Mobile already has a wide network of customers, but the new acquisition is part of the implementation of their diversification and expansion strategy.
mehdibella

Summer Davos : DabaDoc représente le Maroc | Challenge.ma - 0 views

  • The Moroccan company Dabadoc, the main African director of patient-healthcare relations, received the  2019 “  Technology Pioneer ” award, awarded by the World Economic Forum to selected companies among the most innovative in the world. Among the recipients of the title of “pioneers of technology” of the previous years, we find the biggest companies such as: Google, Twitter, Drubox and BNP .
    • samiatazi
       
      Receiving "Technology Pioneer" award by the World Economic Forum is an added value for the company and Morocco. Therefore, it shows the technological advancement and innovative approach the platform is based on.
  • Dabadoc will be one of the few companies in the Middle East and North Africa region to win this award and join a group of companies involved in the design and deployment of new technologies and innovations with significant impact. on their communities. “This year's pioneers know that technology is not just about innovation, it's also about application. That's why we believe they will shape the future, ”said Fulvia Montresor, Head of Technology Pioneers at the Forum, in a statement.
  • Dabadoc sera l’une des rares entreprises de la région du Moyen-Orient et de l’Afrique du Nord à avoir remporté ce prix et à rejoindre un groupe de sociétés impliquées dans la conception et le déploiement de nouvelles technologies et innovations ayant un impact significatif sur leurs communautés.
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  • «Les pionniers de cette année savent que la technologie ne se limite pas à l’innovation, mais aussi à l’application. C’est pourquoi nous pensons qu’ils façonneront l’avenir »,
aminej

EthioPay | Contact Us - 0 views

    • aminej
       
      In this article we can note that the different services that EthioPay offers are electricity bills, health Insurance, pay telecom, school fees and utility fees. We can also deduct from its name that it is located in Ethiopia and it was founded by Minas Yohannes and Daniel Hadgu in 2018.Also, their customer target are any Ethiopian who have a smartphone and wants to use it to pay their bills in a convenient way mostly households and students.
  • Send payments back home in an easy and secure way. Taking care of your loved ones back home does not need to be complicated. EthioPay makes it easy to send money without having to worry whether the money will reach your loved ones. Our secure platform uses bank-grade encryption meaning when you send money, your loved ones are guaranteed to receive it. You also never have to worry about your payment methods being compromised. Use our one-time payment system or set an ongoing schedule. We know that sending money home depends on multiple factors. Sometimes you will want to send a one-time amount, other times you will want recurrent payments. Ethiopay caters for both instances by offering you flexible payment options that you can adjust to your needs. This helps you ensure that you never miss a payment when it's needed. Avoid the headaches of keeping track of payments. You want to keep track of payments you make for your personal records. This can be a challenge when using other platforms. The Ethiopay User Account Dashboard offers a unified and detailed view of all the transactions you have made on the platform. Each entry shows the date and time stamp, amount, recipient and transaction status of every payment made. Pay education & utility bills back home with Ethiopay Paying utility and school fees is an important way of empowering your loved ones back home. Whether you are in North America or Europe, Ethiopay offers an easy and reliable way to do this. In addition, you can opt to set up scheduled payments so the payments are made at the beginning of each school term or any other time frame your choose.
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    This can help in : Improving security in payments. Encouraging more people to use digital money since it is safer mostly in countries where there is high level of crime. People now use their phone more than anything so it would facilitate many task for people (innovative)
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    During the Covid lockdown, we became aware of the need for such a platform. Having the possibility to send money back to your country to help your family in a secure way just by using your phone is amazing. The different security features that EthioPay offers to its customers are crucial in our time where cybercrimes keep on growing.
hichamachir

The Anglophones Are Coming | Global Finance Magazine - 0 views

  • In January, Flutterwave announced a takedown of US$35 million to boost its expansion into sub-Saharan Francophone markets and North Africa. A month later, Jumo pushed its cumulative fundraising since 2015 to nearly US$150 million with a successful plea for cash to back its initiatives in Côte D’Ivoire, Nigeria and elsewhere on the continent.
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    JUMO is expanding in all Africa and it shows that the company aspire to dominate the whole African continent in its domain. I like this kind of behavior because when things are doing great, you have to aspire for everything!
samielbaqqali

The Role of M-Pesa in Kenya's Economic and Political Development | SpringerLink - 0 views

  • Mobile phones, which have been adopted faster than any other technology in human history, are the visible expressions of a technology-oriented consumer (Jack and Suri, 2010). Although this image is mainly associated with the iPhone in Asian, European, or North American contexts, the spread of mobile phone technology has been even faster and successful in Africa.
    • samielbaqqali
       
      Mobiles phones are nowadays the key of a success of a new digital platform.
mehdi-ezzaoui

Ethiopia' - 0 views

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started by mehdi-ezzaoui on 12 Feb 21 no follow-up yet
nouhaila_zaki

EthioPay | Welcome - 0 views

  • Ethiopay operates a flexible, tightly regulated, global payout platform. This enables you to automate your user payments flow, pay less for your transactions, access flexible online reports, guarantee the integrity of all your payment traffic, ensure your payments go through as planned….the list goes on.
    • sawsanenn
       
      Ethiopay is a centralized global payout platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between anywhere around the world and Ethiopia. Ethiopay is an emerging FinTech solution to address the social and economic gaps left by established payment solutions.
  • Ethiopay operates a flexible, tightly regulated, global payout platform. This enables you to automate your user payments flow, pay less for your transactions, access flexible online reports, guarantee the integrity of all your payment traffic, ensure your payments go through as planned….the list goes on.
  • Paying utility and school fees is an important way of empowering your loved ones back home. Whether you are in North America or Europe, Ethiopay offers an easy and reliable way to do this. In addition, you can opt to set up scheduled payments so the payments are made at the beginning of each school term or any other time frame your choose.
    • sawsanenn
       
      Ethiopay encourages students to believe and start work with e-payments platforms, and we can see that they are making it so easy for everybody which encourage all Ethiopians to switch to digital platforms and trust them.
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  • While other platforms are a one-size-fits-all, Ethiopay isn’t. We support the unique payment needs of Ethiopians including payments for school fees, telecom, utility bills and other needs that are close to your heart. Our vision is a future where Ethiopians in the the diaspora touch the lives of those back home through easy, secure and seamless payments. To achieve this, we are on a mission to build the most reliable payments platform serving Ethiopians in the world. We want to make it so easy for you to send money home that your loved ones will feel as though you were right there with them.
    • nouhaila_zaki
       
      This excerpt is important because it introduces the mission statement and vision of Ethiopia. The mission of the company is to ensure the most reliable payments platform for Ethiopians around the world. The vision, on the other hand, is a future where Ethiopian diaspora can help their families back home through easy, secure and seemless payments ensured by Ethiopay.
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    "We support the unique payment needs of Ethiopians including payments for school fees, telecom, utility bills and other needs that are close to your heart. O"
nourserghini

Real Time Expense Reporting Software - Abacus - 1 views

  • “Abacus fulfills two requirements that help us make our expense reporting more efficient - a simple interface that helps our employees submit accurate expenses in real time, and powerful rule-based automation that we can customize to our policy so expenses are auto-approved or sent to the best person to review and approve.”Daniel Niccum, CFO, North American Substation Services
    • nourserghini
       
      This shows that Abacus has a simple user interface that allows employees to submit accurate data and the company to assure the implementation of their customized policies, according to its clients.
mehdibella

"WatchIT" Provides its Services Electronically through "FawryPay" - Fawry - 0 views

  • In the framework of its concern in making it easy for citizens to pay for accessing its e-services via the Internet, in order to reach a society more dependent on electronic payments; WATCH iT! has announced signing a partnership agreement with Fawry the leading Fintech network in Egypt to offer its services through “Fawry Pay” to the public. WATCH iT! It is the first of its kind in Egypt and the newest in the Middle East and North Africa, where the number of its users reaches 1.5 million users and has a huge library the most diverse, containing more than 650 thousand entertainment hours of movies, series and programs that suit all ages.
    • kaoutarchennoufi
       
      Fawry has signed up an agreement with Watch IT in order to expand the Fintech network and encourage online payment in Egypt. Therefore, I believe that this partnership will enable both businesses to reach more customers, increase productivity, and therefore increase profits.
  • "WatchIT" Provides its Services Electronically through "FawryPay" - Fawry
  • In the framework of its concern in making it easy for citizens to pay for accessing its e-services via the Internet, in order to reach a society more dependent on electronic payments; WATCH iT! has announced signing a partnership agreement with Fawry the leading Fintech network in Egypt to offer its services through “Fawry Pay” to the public.
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  • Mohamed Okasha, Managing Director of Fawry, said that the partnership with WATCH iT! is the result of a joint cooperation to provide outstanding services to customers, highlighting that “Fawry Pay” payment methods include payment either cash through any of Fawry outlets or online using credit cards (MizaCard, MasterCard and Visa) in addition to bank channels linked to Fawry’s network (ATM, Internet banking, mobile wallets) and also through “myFawry” application available for smart phones.
  • “Fawry Pay” platform provided by Fawry for the online shopping sector, offers customers different payment methods and various e- services. Over one million and 100,000 transactions were made on “Fawry Pay” platform during this year till the end of August 2019 for more than 280 e-merchants dealing with the service.
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