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hibaerrai

Egyptian fintech startup Thndr to open shop after securing brokerage license | AFRICA I... - 0 views

  • We are starting with Egyptian equities, but we intend to quickly introduce alternative investment options to suit different risk/reward and involvement preferences
    • ayachehbouni
       
      Thndr is constantly looking for new ways to improve their services and further reach their goals which are creating a new generation of investors and modernizing the investing process in Egypt.
  • Thndr, an Egypt based startup, is now poised to formally launch operation after securing the first new brokerage license granted in the country in over a decade. The startup closed its pre-seed round last December, with investors including Y-Combinator, 4DX Ventures, Endure Capital, The Raba Partnership, and MSA Capital. The startup has just acquired the necessary licensing from the Financial Regulatory Authority (FRA), making it the first company to acquire a brokerage license in Egypt since 2008.
    • hibaerrai
       
      Thndr opened shop after getting the brokerage license, and the goal is to solve egypt's old and not efficient processes of investing in bonds and stocks.
ayachehbouni

SimbaPay Launches International Access to Kenya's M-Pesa PayBill - Techpoint Africa - 0 views

  • Kenyans living abroad. will now be able to use their bank accounts, debit or credit cards, to pay their bills back home using the SimbaPay app. The service is piloting in the UK, with further expansion into other EU regions in the works.
    • ayachehbouni
       
      What this partnership propose is not only perfect for existing customers but it is also very attractive to new potential customers.
omarlahmidi

Mastercard, SnapScan partnership adds 30,000 South African merchants - 0 views

  • “With Masterpass, we’re enabling consumers to make secure and simple everyday payments wherever they are and from any connected device, without needing to physically carry their bank cards with them,” says Mark Elliott, Division President, Mastercard, South Africa. “Thanks to our collaboration with SnapScan, we are pleased to offer consumers even more places to pay using Masterpass, which is now the most widely accepted digital wallet in South Africa.”Since its launch in 2013, SnapScan has grown its acceptance exponentially, especially among small businesses that traditionally did not have access to traditional Point of Sale devices and relied on cash payments. It makes accepting digital card payments cheap and easy, with merchants simply needing to display a QR code at the till, online or on a bill.“Given SnapScan’s extensive acceptance footprint, the ability to offer merchants a single QR code, which will accept payment from multiple mobile wallet solutions such as Masterpass, is the driving force behind creating interoperability,” says Lincoln Mali, head of group card and payments at Standard Bank. “We believe that interoperability between digital payments platforms is one of the keys to driving digital payments usage and acceptance in South Africa.”
    • mbellakbail69
       
      Master Pass gives consumers the opportunity to buy digital wallets on their smartphones online and in-store without having to carry bankcards.  People can check a single SnapScan QR code anywhere they want to make payments.
    • aymanelmamoun
       
      The collaboration does not stop with international banks, yet innovative online payment companies are involved. Mastercard collaborates with SnapScan offering the customer easy use.
  • Each Masterpass transaction is classified as an Authenticated Mobile Transaction by South African banks, ensuring that consumers enjoy the highest protection from fraudsters.
    • omarlahmidi
       
      MasterCard operates with SnapScan to make customer's life much easier.
mbellakbail69

Prime Bank Launches SimbaPay - International Money Transfer Service - 0 views

  • Through SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries in Africa, Europe, and Asia including India, United Kingdom, China (WeChat Pay), Germany, Uganda among others.
    • aymanelmamoun
       
      SimbaPay and Prime Bank customers will benefit from direct collaboration; this includes direct money transfer across 15 countries all over the world.
  • Commenting on the partnership, SimbaPay’s Head of Operations Victor Karanja noted that the service will provide a seamless platform for Prime Bank’s customer base to send money abroad at the click of a button.
    • mbellakbail69
       
      It's easy to access the service, customers will only need to login to the bank's mobile banking app - PrimeMobi, then click on the International Money Transfer icon on the home screen
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