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nourserghini

Top five technologies that will transform the Fintech sector in 2020 - 0 views

www.information-age.com/ntech-sector-in-2020-123484767

Fintech Regtech Expansion

shared by nourserghini on 13 Feb 21 - No Cached
  • Fintech technology number one: The growing number of RegTech solutionsRegulatory technology is benefiting from recent groundbreaking fintech software innovations, creating automated solutions to manage regulation monitoring, compliance, and reporting. Keeping track of new restrictions in a single database is a comfortable way of adopting a financial institution to legal requirements.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Fintechs can also conder starting Regtechs as well to create automated solutions for monitoring regulations, especially consider their success in the digital world.
omarlahmidi

Belcash to Launch Online Commerce Platforms - 4 views

addisfortune.net/...unch-online-commerce-platforms

Belcash E-payments Africa

shared by omarlahmidi on 11 Feb 21 - No Cached
  • Hellomarket will be the platform used for local transactions, enabling buyers to order, deliver and pay for goods through electronic banking services. Belcash has signed an agreement with DHL Express, a Germany company, for logistics services.
  • For buyers abroad, Belcash introduced Helloshop, a platform that allows domestic products to be ordered through the firm’s portal and the payment to be processed through Mastercard Payment Gateway Services.
  • “This will make foreign currency flow through the proper channels to local banks,” said Zewdu Assefa, deputy CEO of Belcash Ethiopia. “The seller receives the Birr equivalent of the amount earned in foreign currency.”
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      BelCash introduced a platform called Helloshop that allowed payments to be processed through Mastercard. The importance of this statement is that the seller would receive the same amount as to that in foreign currency.
  • ...5 more annotations...
  • Belcash Ethiopia, a subsidiary of Netherlands-based Belcash Technology Solutions, was established in 2011. It currently is working with Lion International Bank, Cooperative Bank of Oromia, Wegagen Bank and Somali Micro Finance Institution to launch a pilot project this week.
  • Currently, 40 women from the group have received training by Belcash on how to grow brands and package products. They were also given awareness training on digital platforms.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Lack of an e-payment system, and regressive policies and regulations for financial inclusion, are the main reasons for the lack of financial technology's growth in Ethiopia. It good to see that Belcash is raising this issue by offering different solutions.
  • An expert on ICT at the Addis Abeba University for more than one and half decades appreciates that such a platform has been realised as it creates more market exposure for micro-enterprises.“In parallel to the platform, people in micro-enterprises should be trained to utilise different websites and other e-system alternatives to develop their businesses and enter markets on their own,” said Mesfin Fikre (PhD).Lack of an e-payment system, together with regressive policies and regulations for financial inclusion, are the main reasons for the lack of financial technology’s growth in Ethiopia, according to Zewdu.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article shows that Belcash's platform is providing more exposure to micro-entreprises in different sectors in effort to encourage the e-payment system in Ethiopia, which is still evolving compared to others in the continent.
  • For buyers abroad, Belcash introduced Helloshop, a platform that allows domestic products to be ordered through the firm’s portal and the payment to be processed through Mastercard Payment Gateway Services
    • ghtazi
      ghtazi on 13 Feb 21
       
      Belcash introduces a new platform named Helloshop that allows customers to put domestic products to be ordered via the company's platform and processed through Mastercard Payment Gateway Services for payment.
  • Hellomarket will be the platform used for local transactions, enabling buyers to order, deliver and pay for goods through electronic banking services. Belcash has signed an agreement with DHL Express, a Germany company, for logistics services.
    • omarlahmidi
      omarlahmidi on 13 Feb 21
       
      Belcash offer customers an online plateform to make customer's life easier
  • hindelquarrouti on 12 Feb 21
     
    Two e-commerce platforms enabled the online commercial transactions sere set by Belcash in Ethiopia. They enable transactions locally and from outside the country.
  • mehdi-ezzaoui on 13 Feb 21
     
    Belcash plan of launch Two e-commerce platforms, which will enable online commerce locally as well as allow buyers outside the country to transact in goods available domestically, are set to be launched by Belcash Ethiopia
tahaemsd

Zeepay - Home - Click and Send - 0 views

www.myzeepay.com

fintech payments africa modernization electronic

shared by tahaemsd on 12 Feb 21 - No Cached
  • Zeepay is the fastest growing fintech focusing on digital rails to connect digital assets such as mobile money Wallets, Cards, ATMs, Bank Account and Digital Tokens to International Money Transfer Operators, Payments, Subscriptions, International Airtime and Refugee payments. In an effort to improve financial inclusion and make the world a better place to live. We are a Mobile Financial Services Company with Offices around the World including the United Kingdom and regulated by the Financial Conduct Authority and other Regulators across Africa.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Mobile Financial service company that take care of mobile money, remittance, domestic transfers, micro-insurance, and payments.
hindelquarrouti

MTN Ghana Takes Fight Over Telecoms Market Dominance to Supreme Court - Bloomberg - 0 views

www.bloomberg.com/...ket-dominance-to-supreme-court

Power Fintech MTN Market

shared by hindelquarrouti on 13 Feb 21 - No Cached
  • The Ghanaian unit of African telecommunication giant MTN Group Ltd. is petitioning the highest court to review a declaration that it is a significant market power. Failure could result in stricter regulation.
  • hindelquarrouti on 13 Feb 21
     
    I believe that MTN is taking a some risk regarding its reputation and customer's trust when it has decided to petition against the highest court in order to review a declaration that is significant in market dominance. If things don't turn out the way they planned, they might be in risk.
nouhaila_zaki

EthioPay | Welcome - 0 views

ethiopaycenter.com

Ethiopay Ethiopia Mission

shared by nouhaila_zaki on 08 Feb 21 - No Cached
  • 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
      sawsanenn on 08 Feb 21
       
      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
      sawsanenn on 13 Feb 21
       
      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.
  • ...1 more annotation...
  • 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
      nouhaila_zaki on 13 Feb 21
       
      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.
  • nouhaila_zaki on 13 Feb 21
     
    "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"
nouhaila_zaki

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

www.worldbank.org/...-could-mean-for-the-arab-world

M-Pesa Kenya Arab World

shared by nouhaila_zaki on 12 Feb 21 - No Cached
  • 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
      hichamachir on 12 Feb 21
       
      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
      samielbaqqali on 12 Feb 21
       
      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.
  • ...1 more annotation...
  • 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
      nouhaila_zaki on 13 Feb 21
       
      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.
  • mohammed_ab on 12 Feb 21
     
    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.
kenza_abdelhaq

Egyptian fintech in 2020: A tale of crosswinds and tailwinds [Part One] - Wamda - 0 views

www.wamda.com/...2020-tale-crosswinds-tailwinds

Fawry Egypt Context Global Economic

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Fortunately, Egypt’s first Covid wave was milder than those in other countries. The country managed to get by without going into full lockdown and the country is now one of the few in the world with a positive gross domestic product (GDP) growth outlook for 2020. Despite the mild top-line hit, most startups still felt the impact of Covid-19, with a whopping 83.9 per cent indicating, in May, that they had been negatively impacted by the crisis. The same survey highlighted that 29 per cent of Egyptian startups had suspended operations – an alarming proportion that would have increased with the recent resurgence of the virus. It remains to be seen what the full impact of the second wave is.  
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Egypt managed to have a positive GDP growth in 2020 even though the pandemic impacted negatively more than 80% of the startups.
  • If we look back on 2020, the largest funding rounds for Egyptian startups were not in fintech but healthcare and transport, with Vezeeta raising more than $40 million and Swvl more than $20 million. Yet, fintech still managed to make headlines on several occasions, including new regulations, high profile investment rounds and exciting launches. It was an eventful and exhilarating year for the fintech ecosystem in Egypt.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Even though more importance was given to healthcare and transport with regard to the largest funding rounds, fintech was still getting a lot of attention (making headlines, new regulations, etc).
  • Fawry’s success story has undoubtedly encouraged investments in other e-payments venture that will help dynamise this space in coming years. The industry is still massively underpenetrated as cash remains king but will remain as one of the more active areas within fintech in coming years.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry being the leader of digital payments in Egypt definitely helped encourage investments in this field/industry.
  • kenza_abdelhaq on 13 Feb 21
     
    "Fortunately, Egypt's first Covid wave was milder than those in other countries. The country managed to get by without going into full lockdown and the country is now one of the few in the world with a positive gross domestic product (GDP) growth outlook for 2020. Despite the mild top-line hit, most startups still felt the impact of Covid-19, with a whopping 83.9 per cent indicating, in May, that they had been negatively impacted by the crisis. The same survey highlighted that 29 per cent of Egyptian startups had suspended operations - an alarming proportion that would have increased with the recent resurgence of the virus. It remains to be seen what the full impact of the second wave is.  "
kenza_abdelhaq

AgroCenta CEO on the Challenges of Entrepreneurship in Ghana - 0 views

www.seedstars.com/...llenges-entrepreneurship-ghana

AgroCenta Ghana Specialized market

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • Does being an entrepreneur in Ghana – and in a developing economy in Africa – presents any ulterior challenges you had overcome?Being an entrepreneur in Africa and in emerging markets, in general, is quite difficult because of the lack of structure and supports put in place by the government. It requires a lot of courage and persistence to get the simplest things done. Any simple tech solution that you might want to build can end up being a very complex challenge because it relies on services that do not exist or don’t work properly. Access to funding also remains a big problem for many entrepreneurs who will need money to test, pilot and scale a platform or a solution. Many investors are quite held back when it comes to making investments in Africa for an obvious reason: corruption.
    • nouhaila_zaki
      nouhaila_zaki on 12 Feb 21
       
      This excerpt is important because it reflects the challenges faced by AgroCenta in Ghana, i.e. corruption, lack of financing, lack of proper infrastructure, lack of government help, among other things.
  • Our business model is simple, we are a B2B business that generates commission fees on trade volumes from the businesses we work with.
    • nouhaila_zaki
      nouhaila_zaki on 12 Feb 21
       
      This excerpt is extremely important because it clearly states the business model of the company.
  • we are definitely improving the financial livelihood of smallholder farmers through fair trade. Many smallholder farmers are paid less than $1 a day and our objective is to increase it to $4 a day by 2020.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      AgroCenta is an extremely important concept because it is helping to increase farmers' salaries. Going from $1 a day to $4 a day is already an improvement.
  • ...8 more annotations...
  • AgroCenta focuses on 3 key impact goals for Ghana:No Poverty: Gender Equality: in Sub-Saharan Africa, traditions and land ownerships do not favor women, which ends up in many women being excluded from the agriculture value chain. By engaging the relevant stakeholders, AgroCenta rents arable agricultural lands to female smallholder farmers for free. Women are also given seeds, fertilizers, mechanized tractor services and extensive advisory information on farming best practices such as what type of seed to plant, when to plant, how to plant, etc.Decent Work & Economic Growth: we empower smallholder farmers to see agriculture as more than just a way to survive and position it as a viable industry that can be sustainable for their family.
    • mehdibella
      mehdibella on 13 Feb 21
       
      as you can see this company cares a lot about the livelyhood of their farmers and is trying to provide them only with the best features that would make life easier which in fact the main things that they tackle in the SDGs.
  • Seedstars Summit has been phenomenal. It has put AgroCenta on a pedestal and in the spotlight of a huge community in Africa. The experience after the Summit has been amazing: we received a lot of proposals from potential investors, partners and other service providers keen on working with us for growth and expansion.
  • Winning the vote of the entire jury, AgroCenta from Ghana was crowned the Seedstars Global Winner of the 5th edition of Seedstars Summit. At Seedstars, we are convinced that AgroCenta will shape the future of AgriTech in Africa. Indeed, the start-up’s mission is to improve the financial livelihood of smallholder farmers through fair trade.
    • aminej
      aminej on 12 Feb 21
       
      Agrocenta will have a great impact on farmers in Africa since it will enable them to protect their production and have an insurace in case of any risks. It will also help them regulate the market of agricultural products in order to set a price for each one
  • We identified a missing gap in the value chain that was the capacity to access the market for smallholder farmers after they have successfully cultivated their commodities. Access to the market was a huge problem for millions of smallholder farmers.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      AgroCenta is fulfilling a market gap that is the need for smallholder farmers to access the market.
  • AgroCenta focuses as well as Seedstars on achieving the Sustainable Goals set up by the UN
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      one of the main goals is to reach economic growth by empowering smallholders farmers to see agriculture not only as a survival solution but as an investment
  • Gender Equality: in Sub-Saharan Africa, traditions and land ownerships do not favor women, which ends up in many women being excluded from the agriculture value chain. By engaging the relevant stakeholders, AgroCenta rents arable agricultural lands to female smallholder farmers for free. Women are also given seeds, fertilizers, mechanized tractor services and extensive advisory information on farming best practices such as what type of seed to plant, when to plant, how to plant, etc.Decent Work & Economic Growth: we empower smallholder farmers to see agriculture as more than just a way to survive and position it as a viable industry that can be sustainable for their family.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Agrocenta main goals are the following: first and the most evident one no poverty especially for farmers who are not paid enough. second, gender equality and finally economic agricultural development within the country.
  • A great team for sure! Our major strength has been a team made of people with diverse backgrounds and experiences and a deep understanding of the agricultural value chain. This asset allowed us to save a lot of time we would have naturally spent on trying to fine tune and launch the AgroCenta platform. Thanks to that we avoided making the common mistakes many new and unexperienced founders make.
    • ghtazi
      ghtazi on 13 Feb 21
       
      what we can understand is that having a great team is the key asset that led to the rapid growth of Agrocenta. cross-cultural team has been a plus for the development of agrocenta. it helped the company to save time and avoid making common mistakes that many new and inexperienced founders make.
  • Many investors are quite held back when it comes to making investments in Africa for an obvious reason: corruption.
aminej

About Us | WorldCover Insurance - 0 views

www.worldcovr.com/about-us

Insurance Online Technology Rural Farmer Agriculture Fintech Ghana

shared by aminej on 11 Feb 21 - No Cached
  • We believe we can bring parametric insurance to the worldBuilding our product from the ground up, five years ago we started by selling simple weather insurance to smallholder farmers in Africa via agents and in-person marketing - selling over 30,000 policies direct to farmers. Since those days, we have incorporated digital marketing, scaled our technology and sold our policies to customers around the world.We want to help high value crop growers manage their financial risk to climate change, unpredictable weather and natural disasters.WorldCover’s product vision is for commercial farmers to experience parametric insurance in a way that is easy to understand (simple), engenders trust (transparent), and fits them well at any size (tailored).
    • aminej
      aminej on 11 Feb 21
       
      This is a very good product for farmers who suffer from losses due to natural disasters or weather issues and also from regulations on agricultural products. It is important to help this category of people because their job is extremely important and hard sometimes. It is also a good way to show them that they can be protected.
mehdi-ezzaoui

Ethio-Pay Celeb - 0 views

Ethio-Pay Celebrates Official Launch, Finally   Consumer pressure urged the last bank to join the integration line   The belated national e-payment switch, Ethio-Pay, serving the integr...

Ethippay

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

The Profit in Nonprofit - 1 views

ssir.org/...the_profit_in_nonprofit

SMEs Kiva fintech

shared by chaimaa-rachid on 12 Feb 21 - No Cached
  • Once in East Africa, Flannery and Jackley agreed that they too would facilitate loans rather than donations. After weeks of brainstorming, they soon settled on the basic idea for Kiva. At first, they envisioned a few friends and family members lending money to a handful of entrepreneurs in East Africa. And then eventually, although they weren’t sure of the steps along the way, they saw Kiva evolving into a self-regulating online lending marketplace where microfinance institutions (MFIs) could raise loan capital to fund projects for small-business people in developing countries.
    • hichamachir
      hichamachir on 12 Feb 21
       
      In order for a business to succeed, you need to start small. I liked the way Kiva started its business step by step in order to gain more information about the market size and improve its business.
  • Kiva’s business plan was quite straightforward: An online platform would allow ordinary people to invest in small and medium enterprises (SMEs) in the developing world.
  • chaimaa-rachid on 13 Feb 21
     
    Kiva is assisting with financing numerous small and medium enterprises. This business intends to change and improve individuals' lives.
hibaerrai

How we keep your data and money safe | Know your customer - 0 views

www.worldremit.com/...kyc

WorldRemit Remittance E-payments Data Security

shared by hibaerrai on 13 Feb 21 - No Cached
  • “Know Your Customer” - or KYC - is a verification process in the financial industry. If you have ever opened a bank account or applied for insurance, then you have been a subject to KYC checks. All regulated financial companies are responsible for building their KYC checks based on global and national anti-money laundering standards. This way, companies can make sure that it’s a suitable verification process for their customers, services and industry. If customers can’t provide any formal identification, or if it is difficult to authenticate it, companies can’t easily identify them and offer them their services. 
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      WorldRemit obviously takes data privacy seriously and it employs the KYC model to make sure that their customers meet the requirements to use these financial services. It is important to use the appropriate security measures in order to establish a safer platform.
samielbaqqali

Zeepay Ghana granted EMI license by Bank of Ghana : Verdant Capital - 0 views

verdant-cap.com/d-emi-license-by-bank-of-ghana

Zeepay Electronic Money Ghana

shared by samielbaqqali on 13 Feb 21 - No Cached
  • Zeepay Ghana has been awarded the Electronic Money Issuer (EMI) license to operate as a mobile financial services company by the Bank of Ghana, the regulator of banking and financial services
    • samielbaqqali
      samielbaqqali on 13 Feb 21
       
      Thanks to their improvment, they earned the licence to operate in the biggest bank in the country.
samielbaqqali

Ghanaian fintech startup Zeepay raises $940k seed funding round - Disrupt Africa - 0 views

disrupt-africa.com/...raises-940k-seed-funding-round

Zeepay Fintech Success

shared by samielbaqqali on 12 Feb 21 - No Cached
    • aminej
      aminej on 12 Feb 21
       
      GoodSoil has helped Zeepay raise almost 1 million US dollars which is huge and will help this startup spread in more than the 20 countries in which they are already operating.
  • Ghanaian fintech startup Zeepay has raised a US$940,000 seed funding round to enable it to continue to scale and roll out its services across the continent. Zeepay is focused on digital rails to connect digital assets such as mobile money wallets, cards, ATMs, bank accounts and digital tokens to international money transfer operators, payments, subscriptions, international airtime and refugee payments. 
  • Ghanaian fintech startup Zeepay raises $940k seed funding round
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Zeepay has raised US$940 seed round from GOODsoil VC, an Africa focused early stage venture capital firm, which enabled zeepay continue to scale
  • ...2 more annotations...
  • The startup has a footprint in more than 20 African markets, and in April 2020 was awarded an Electronic Money Issuer (EMI) license to operate as a mobile financial services company by the Bank of Ghana, the regulator of banking and financial services.
  • It has now raised a US$940,000 seed round from GOODsoil VC, an Africa-focused early-stage venture capital firm founded in 2017, which will enable Zeepay to continue to scale. The startup has a United Kingdom (UK) launch planned for 2021.
    • samielbaqqali
      samielbaqqali on 13 Feb 21
       
      By applying good strategies, Zeepay will keep scaling throughout the years.
nourserghini

About Carbon - Africa's Leading Digital Bank - 0 views

ng.getcarbon.co/about.html

Carbon Lending Ghana Nigeria

shared by nourserghini on 12 Feb 21 - No Cached
  • We empower individuals with access to credit, simple payments solutions, high-yield investment opportunities and easy-to-use tools for personal financial management. Carbon is headquartered in Lagos, Nigeria. We are a global company of over 90 employees with operations in Nigeria, Ghana and Kenya
    • aminej
      aminej on 12 Feb 21
       
      It is one of the best payment and fastest loan platform with lower interest rates, very reliable for investment and transact as quick as texting of messages. Many customers recommend it across Africa which shows how good they are.
  • Carbon is a financial service provided by Carbon Finance & Investments Limited (RC 1044655), licensed and regulated by the Central Bank of Nigeria (CBN). We empower individuals with credit, simple payments solutions, high-yield investment opportunities, and easy-to-use tools for personal financial management. We are a global company of over 90 employees with a presence in Mauritius, Nigeria, the United Kingdom, United States, Canada, South Africa, and Kenya.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Carbon is a service of Carbon Finance and Investment that started in Nigeria and extended its services to Ghana in our case and other countries such as the US, the UK, south Africa etc. It encourages lending and offers simple payment procedures, investing and financial management.
ayoubb

How Regulations Can Define the Future of Fintech in Nigeria by Uche Anichebe :: SSRN - 0 views

papers.ssrn.com/...papers.cfm

shared by ayoubb on 13 Feb 21 - No Cached
  • Fintech services, with 84% affirming their awareness of Fintech (compared to 62% in 2015). Nigeria has witnessed an increase in Fintech innovation and utilization.
    • ayoubb
      ayoubb on 13 Feb 21
       
      FinTech in Nigeria
ghtazi

BelCash story - HelloEthio - 0 views

www.helloethio.com/belcash-story

technology Platform buisnesses

shared by ghtazi on 12 Feb 21 - No Cached
  • BCTS has successfully implemented its HelloCash mobile banking platform and 8 000 agents network with 6 local banks and 2 microfinance institutions, making it the largest financial network in the country.This achievement has gained recognition from the UN initiative for financial inclusion, which was substantiated by the visit of UN ambassador for financial inclusion, her Royal Majesty Queen Maxima of the Netherlands in May 2019.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      Being recognized f=by the UN for financial inclusion adds a lot of value to the company making it more secure to the eyes of its customers. This is important because it places the company in a higher standard in the technology industry.
  • With 17 strong through partnerships, across multiple sectors and an ownership structure in full compliance with the Ethiopian regulations, BelCash Payments-As-A-Platform model spurred numerous “HelloServices”. These services include airtime eTop-up, Pay-As-You-Go solar, Healthcare, eCommerce, Jobs, Entertainment, and many more, providing the Ethiopian population access to essential services through the HelloCash platform and agents network.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Thanks to these services offered, belcash has reached more than 1.4 million customers, and made it as the largest financial network in Ethiopia
  • BelCash Technology Solutions Ltd. (BCTS) was established in Ethiopia in 2011, as a registered Value-Added Service (VAS) . It'main activity is to provides its digital technology platforms to businesses as a service (PaaS).
    • ghtazi
      ghtazi on 13 Feb 21
       
      belcash was established in Ethiopia in 2011, The key task is to provide organizations with their digital technology systems as a service.
ghtazi

Ethio-Pay Celebrates Official Launch, Finally - 1 views

addisfortune.net/...brates-official-launch-finally

ATM card Payments

shared by ghtazi on 11 Feb 21 - No Cached
  • “What makes Ethio Pay profitable is not the number of ATMs; it rather is the large numbers of users. Our concern now is to work on promoting the system for increased customer involvement,” said Bizuneh.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      The important message to take from this statement is that not all payment services are making profits. The reason is due to the switch operations.
  • After last month’s unofficial launch of Ethio-Pay, customers of other banks complained that the Bank of Abyssinia’s (BoA) ATMs did not provide service for other cards; guards of some branches unaware of the complete switch operation were seen forbidding customers from trying their cards at the ATMs.
  • The switch does not treat banks that have fewer ATMs any differently than those with larger networks in place. In fact, the system enables hosted members, banks without their own payment switches, to issue ATM cards without having to invest in a network of machines. It is also open to the integration of newcomers in the future without additional payments for letting their customers transact on other ATMs, the CEO added.
  • ...4 more annotations...
  • It is all a result of low disclosure on the system start-up. We were among the banks engaged in the pilot phase,” said Yoseph.
  • After last month’s unofficial launch of Ethio-Pay, customers of other banks complained that the Bank of Abyssinia’s (BoA) ATMs did not provide service for other cards; guards of some branches unaware of the complete switch operation were seen forbidding customers from trying their cards at the ATMs. Oddly enough, 16pc of the amount transacted took place through BoA’s Machines.
  • The belated national e-payment switch, Ethio-Pay, serving the integration of Automated Teller Machines (ATMs) and Point of Sale (POS) machines, celebrated its official launch on May 12, 2016.
    • ghtazi
      ghtazi on 13 Feb 21
       
      On May 12, 2016, Ethio-Pay, the overdue national e-payment transition for the integration of Automated Teller Machines (ATMs) and Point of Sale (POS) machines, celebrated its official launch.
  • “We have our own regulation to solve possible audit dispute between banks. We also have a system to prove the audit’s accuracy,” said Bizuneh Bekele, CEO of Eth-Switch S.C.
  • mehdi-ezzaoui on 13 Feb 21
     
    Ethiopay is an innovative solution the software installation incorporates to ensure the switch's facilitation of banking accounts, took almost a year before step four, the official opening of Ethio-Pay.
ghtazi

Ghanaian agri-tech startup AgroCenta raises $790k pre-Series A funding - Disrupt Africa - 0 views

disrupt-africa.com/...ises-790k-pre-series-a-funding

platfrom Ghana Merchanting

shared by ghtazi on 12 Feb 21 - No Cached
  • “The demand for agricultural raw materials from offtakers in the brewery, manufacturing and consumer sector is increasing exponentially because of the easing of the COVID-19 restrictions that were put in place by the government of Ghana, hence this capital injection will help to secure purchases at fair and transparent prices from smallholders — a much needed lifeline for many who are at the proverbial bottom of the pyramid.”
    • aminej
      aminej on 12 Feb 21
       
      This is an issue we also used to have in Morocco in period of crisis. Farmers start increasing prices because of the high demand and people start complainning. It is important to Regulate prices in the Market in order to avoid a civil war in period of crisis
  • AgroCenta will use the funding to further develop its smallholder farmer inclusion programmes and procure crops at transparent and fair market prices to service offtake contracts. The startup’s chief executive officer (CEO) Francis Obirikorang and co-founder Michael Ocansey said the investment was vitally important.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      having the support of leading institutions, particularly with the covid backdrop, can be a significant milestone for Agrocenta
  • This is a significant milestone for AgroCenta, having the support of leading institutions, particularly with the COVID-19 backdrop, underlining the strength of AgroCenta and the importance of its mission,” they said. 
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt is important because it shows the solidarity between companies during a crisis time. Plus we can see the efforts to help smallholder farmers to fight this crisis. this is another approach for economic growth even during a pandemic
  • ...1 more annotation...
  • Founded in 2016, AgroCenta operates a mobile merchanting platform which provides market information, storage and delivery solutions, and financial services to smallholder farmers in Ghana.
    • ghtazi
      ghtazi on 13 Feb 21
       
      agrocenta It operates a mobile merchanting platform that provides smallholder farmers in Ghana with market information, storage, and delivery solutions, and financial services.
sawsanenn

10 Things You Thought You Knew about M-PESA - 2 views

www.cgap.org/...-thought-you-knew-about-m-pesa

Financial inclusion FinTech Service Kenya Africa

shared by sawsanenn on 12 Feb 21 - No Cached
  • The M-PESA cash merchants (or ‘agents’ in M-PESA parlance) pre-buy mobile money so that they can sell it against cash to the customers who come to their retail store for cash-in operations. They are investing their own working capital and are not intermediating someone else’s funds. For cash-out operations, they sell their cash and buy mobile money instead. Consequently, the cash and M-PESA balances that cash merchants manage and store are always their own.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Cash merchants are mainly super users, who resell their own working capital balances, with no more access to the M-PESA platform than any other customers, except that they have higher transaction limits.
  • Each and every transaction done on the M-PESA platform is electronic and can therefore be monitored by Safaricom, which runs its own bank-grade anti-money laundering system. Even a cash-in or a cash-out operation has an electronic leg and is captured by the system. The Central Bank of Kenya gets regular reports on M-PESA transactions, as it does from other payment service providers.
  • Cash merchants are mainly super users, who resell their own working capital balances, with no more access to the M-PESA platform than any other customers, except that they have higher transaction limits.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      M-Pesa is a product which is stable, fast and reliable. However, because of their fear of technology, some people still don't know the value of this business. I assume that this is the case for most of countries with high illiteracy rates.
  • ...2 more annotations...
  • The M-PESA cash merchants are recruited by Safaricom after a due diligence process and put under specific training. They are regularly monitored and re-trained, and Safaricom aims to visit them on-site every two weeks. The same process is applied to all cash merchants so that any customer anywhere in Kenya has the same experience at any cash merchant.
    • ghtazi
      ghtazi on 13 Feb 21
       
      After a due diligence process, the M-PESA cash merchants are recruited by Safaricom and placed under unique training. They are tracked and re-trained daily, and Safaricom aims to visit them every two weeks on-site. All cash merchants are subject to the same procedure so that any customer anywhere in Kenya has the same experience with any cash merchant. which I believe will be something that will trigger its competitor.
  • The funds are deposited in several commercial banks, which are prudentially regulated in Kenya. In addition, the funds are held by a Trust and are therefore out of reach from Safaricom, which cannot access or use them. In the unfortunate event of Safaricom going bankrupt, the creditors of Safaricom would not have access to the M-PESA funds. This is a requirement from the Central Bank of Kenya which oversees M-PESA. The funds remain at all times the property of M-PESA users.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this is a good approach to gain customers trust since it's one of the main challenges of this business
  • hichamachir on 12 Feb 21
     
    M-Pesa is a safe, fast and efficient product. However, some people still don't know the importance of this company due to their fear from technology. I believe that this is the case for most of countries with high illiteracy rates.
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