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sawsanenn

(2) SimbaPay: Overview | LinkedIn - 0 views

www.linkedin.com/...simbapay

FinTech E-payments Kenya

shared by sawsanenn on 12 Feb 21 - No Cached
  • SimbaPay is an award winning mobile app transforming the international remittance space. With a focus on extreme speed, convenience and constant innovation. Customers are able to send money to loved ones or even merchants, from wherever they are at any time of day or night. The company is headquartered in London and can be found online at www.SimbaPay.com SimbaPay is licensed and regulated by the Financial Conduct Authority.
    • aminej
      aminej on 12 Feb 21
       
      SimbaPay offers an innovative service that consist of sending money to your dear ones with 0 fee and in a fast way and also through different platforms either online, MPESA or your bank account. It will help many people in Kenya who do not have access to funding and credit.
  • SimbaPay is an award winning mobile app transforming the international remittance space. With a focus on extreme speed, convenience and constant innovation.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This award is proof of the effectiveness and efficiency of simbapay's work
mbellakbail69

Fintech for All: AgroCenta founder on market access for independent farmers in Ghana | ... - 0 views

medium.com/...-farmers-in-ghana-7267db730cbb

shared by mbellakbail69 on 13 Feb 21 - No Cached
  • Financial inclusion, from my personal perspective, is the creation of value added services for the disadvantaged in the society. From the concept of Barefoot Banking to digital innovations, financial inclusion bridges the inequality financial gap that exists between the rural and the urban settings. My personal mission is to make it possible for the smallholder farmer who lives in the most remote parts of Ghana receive payment for his goods and services through a digital solution.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      AgroCenta's main goal is to increase financial inclusion in the country as disadvantaged farmers are important. Banks and fintechs don't always care about farmers' rights to extract loans for their businesses, so the point was to create an agritech only consacred for smallholder farmers, and that's amazing.
  • The Fintech space in Ghana is gradually picking up steam with active participation from the public and private sectors. Government regulations on e-money and mobile money technologies are favourable and aiding adoption and rolling out of new technologies every day targeted at the unbanked population. Out of the 6 major telecommunication companies operating in Ghana, 4 are mobile money enabled, facilitating financial transactions between businesses and consumers. Banks also have rolled out services that target financial inclusions. These positive tides are helping shape the Fintech landscape in Ghana.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      AgroCenta's goal is to provide small-scale farmers with access to market by removing exploited purchasing from the value chain and to allow smallholders to directly sell to customers at a fair market price, so as to raise the farmer from subsistence farming to commercial activities.
hibaerrai

Thndr Becomes Egypt's First Mobile Investment App | NileFM | EGYPT'S#1 FOR HIT MUSIC - 0 views

nilefm.com/...-you-to-invest-in-stocks-bonds

Thndr Egypt Fintech Investment Securities

shared by hibaerrai on 07 Feb 21 - No Cached
  • Savings and investing is a critical part of building wealth and economic development, and Egypt’s youth needs a mobile-first platform like Thndr to open the floodgates of investing in the coming decades. Platforms like Thndr have seen great success in other markets across the world, and Thndr is built with keen attention to the local nuances and preferences of the Egyptian investor in mind.
    • ayachehbouni
      ayachehbouni on 07 Feb 21
       
      The financial startup allows users to link their Egyptian bank account, and trade, invest, and profit from Egyptian stocks, bonds, and indices. Thndr also allows users a virtual EGP 100,000 to practice investing until they get the hand of stock investment.
  • Egyptian mobile investment app, Thndr has become the first brokerage firm to receive regulatory approval from the Financial Regulatory Association (FRA) in the last 12 years. The financial startup allows users to link their Egyptian bank account, and trade, invest, and profit from Egyptian stocks, bonds, and indices. The decision by FRA to give the startup regulatory approval comes after Egypt reforms its financial regulations on new companies with the recently approved Banking Act passed last month which allows more companies to become involved with financial trading and investment.
    • aminej
      aminej on 13 Feb 21
       
      THNDR Strategy aims to educate more egyptian people about trading and investing which are very good ways to make money in the short and long run. They also want to facilitate access to financial markets only through your phone for Egyptians who are almost 100m (HUGE CUSTOMER TARGET), Finally they plan to educate their population by teaching them how to invest in stocks, bonds and other securities.
  • Before the passing of the Banking Act in July 2020, the only financial apps available for Egyptians were applications that helped you put aside money for saving. However, that is set to change as companies like Thndr take advantage of the new space given to financial technology companies to allow users to invest in the Egyptian stock exchange from their homes. Stock investment apps have become popular in the last few years as a way to not only save money but to make savings grow over time. While there is always risk involved with stock trading, Thndr hoping to provide users with education on how to invest in order to be more financial secure.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Thndr is one of the first not common investment applications in Egypt. users can now invest in stocks or any other security from their homes and make money from it.
  • hibaerrai on 08 Feb 21
     
    Thndr was mainly created for a new wave of customers in order to destroy the barriers and give the chance to all egyptians to open accounts and invest.
kenza_abdelhaq

Robo-Advisors - Business Models and Strategies | ccecosystems.news - 0 views

ccecosystems.news/...business-models-and-strategies

Fintech Strategy Robot Advisors Investments

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • As mentioned in the last article, it is not possible to define exactly what a robo-advisor is, as the individual providers offer a range of services of varying breadth. In fact, robo-advisors have long since ceased to offer mere recommendations or advice, and most providers are steadily expanding their services into a fully integrated solution. Accordingly, people now associate a robo-advisor with a platform that can also be used to make an investment directly (see [Bloch/Vins 2017, 114]). However, this service, for example, is linked to certain regulatory requirements, which are presented below. It should be noted here that this is the regulatory framework in Germany. In terms of regulation, four business models can be distinguished in the area of robo advisory services:
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      Since EasyEquities is about investment, having roboadvisors that provide financial advice would create more value to the company and would target more segments.
  • investment brokerage (german: Anlagenvermittlung),investment advice (Anlagenberatung),acquisition brokerage (Abschlussvermittlung), as well asfinancial portfolio management (Finanzportfolioverwaltung), also known as asset management.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt summarizes the business models that can be distinguished in the area of Robo-advisory services. The main difference between these business models lies in who is responsible for making the investment decision.
  • Robo-advisors can follow an active or passive investment approach not only in terms of their product range, but also in the composition of the individual products. In active management, for example, the market is constantly monitored and, on the basis of this, the securities that appear to be most advantageous at a given time are included in the portfolio. This targeted approach is described as so-called “stock picking” (see [Müller/Pester 2019, 229f]). Due to market fluctuations, there are thus regular purchases and sales of securities with the aim of achieving a higher return than the passive market. In the course of this, the percentage distribution of the asset classes in the portfolio can also be continuously adjusted and regular risk assessments carried out. As a result, the portfolio may be subject to constant change. The passive management approach is based on the strategy of maintaining the portfolio created at the beginning, including the asset allocation and the defined securities, unchanged and independent of market fluctuations. If a change in asset allocation should occur due to market fluctuations, the original state can be restored through various adjustment methods, also called “rebalancing”. In contrast to active management, this adjustment is not carried out on an ongoing basis, but at predetermined times or according to specific rules. In so-called “periodic rebalancing”, a restoration of the asset allocation is carried out as needed at the time of a previously defined temporal interval change. Another variant of rebalancing provides for an adjustment only if the portfolio value exceeds or falls below a previously defined mark, the threshold
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt distinguishes between Robo-advisors' active investment approach and passive investment approach, based on their product range but also on the composition of the individual products. Understanding the difference between the two approaches would allow us to better formulate strategies that incorporate Robo-advisory in them.
  • ...1 more annotation...
  • Online asset management has been experiencing a rapid rise in Germany for several years. Since 2017, the number of users has grown by a factor of 7 from around 291,000 in 2017 to around 2.01 million in 2020 (cf. o.V. 2020), while the investment volume has increased more than tenfold from around 756 million euros to 8.068 billion euros (cf. o.V. 2020). Two factors in particular are key to this trend
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      robo-advising or online asset management has been growing rapidly during the past years due to loss of trust in personal banking advisors amid the 2007 financial crisis and the new generation that prefers digital interactions.
nourserghini

SimbaPay, Family Bank Team On Money Transfer | PYMNTS.com - 0 views

www.pymnts.com/...ey-transfer-kenya-china-wechat

Simbapay Partnership China Kenya

shared by nourserghini on 13 Feb 21 - No Cached
  • According to SimbaPay, China is Kenya's largest trading partner with businesses in Kenya importing more than $4 billion worth of goods from China last year alone. As it stands, sending money to China from Kenya takes several days, in some cases requiring a person to physically visit an agent to access their money. The new service overcomes those barriers. The companies also said it will result in traders in Kenya being able to replenish stock faster, which in turn will bolster trade between the two nations.
    • nourserghini
      nourserghini on 13 Feb 21
       
      I think it's an extremely strategic move from Simbapay partners in providing a trading platform between Kenya and China since they have strong financial relations and its partnership can only strengthen Simbapay's position in the local and international market.
aymanelmamoun

Central Bank authorises increase of daily mobile money limit - The Reporter Lesotho | F... - 0 views

www.thereporter.co.ls/...se-of-daily-mobile-money-limit

shared by aymanelmamoun on 13 Feb 21 - No Cached
  • The Central Bank of Lesotho has authorised mobile money issuers to increase the daily limit of transactions for duly identified and verified mobile money customers. The Bank came about this decision of authorisation in order to facilitate a wider use of electronic payments for goods and services by the public during the Covid-19 pandemic.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      This regulation is in favor of Smartel Money fintech as it supports its business and increases the limit of the money transferred on the platform.
  • The Central Bank of Lesotho has authorised mobile money issuers to increase the daily limit of transactions for duly identified and verified mobile money customers. The Bank came about this decision of authorisation in order to facilitate a wider use of electronic payments for goods and services by the public during the Covid-19 pandemic.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      The mobile payment application helped solving many cash problems during the Covid-19 Pandemic. It also facilitated a wider use of electronic payment for goods and services by customers without going out of home.
mbellakbail69

FinTech for All: Moneyfellows founder on helping friends and family to save or borrow i... - 0 views

medium.com/...r-borrow-in-egypt-228e5a98c356

shared by mbellakbail69 on 13 Feb 21 - No Cached
  • Unique challenges are mainly regulations for Fintech companies usually being a grey area, without enough clarity on what exactly they might fall under.With lack of enough funds and diversity, fundraising is also another challenge for most of the startups in the MENA region.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      Fundraising is a priority for start-ups and companies in the MENA region as it is thanks to it that the companies can grow and work at full potential
  • Tackling these challenges, the EFSE Fund and the SANAD Fund for MSME, advised by Finance in Motion, have partnered with Village Capital and the LHoFT to develop the Fincluders Bootcamp 2017, unique investment readiness program designed for entrepreneurs offering inclusive financial products.
  • ‘Financial Inclusion’ might be the most noble sector of financial technology, solving problems the traditional finance industry won’t — servicing underbanked demographics in areas with poor financial infrastructure.
  • ...1 more annotation...
  • In my opinion, Financial inclusion isn’t just about opening a bank for those that are unbanked, but rather being able to offer them actual financial services like lending, savings and improving their credit scoring (which is the building block for all financial services), helping them improve their actual living standards, eventually.
mohammed_ab

The emergence of crypto banking: who is poised for success? | Venture Capital | Fintech... - 1 views

www.fintechmagazine.com/...o-banking-who-poised-success-1

Fintech Strategy Crytocurrencies M-Pesa Currency exchange

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Latest figures put the value of the cryptocurrency market at almost $240bn in 2019, nearly double the 2018 figure of $128bn. Could this mean that the global crypto market is starting to move into the mainstream? Significantly, the sector is enjoying rapid growth globally, with the UK, Nigeria, Australia, Canada, Mexico and India all experiencing a recent surge in users. Crypto is also starting to attract interest from institutional investors, which see it as possible insurance against the global rise in quantitative easing.
    • hichamachir
      hichamachir on 13 Feb 21
       
      Pula can let successful farmers use cryptocurrencies which will make the company even more digitalized. I know that small scale framers will mostly not understand the concept of cryptocurrencies that's why it can be optional. The idea is to let big farmers that have some cryptocurrencies use it for Pula's service.
  • The big banking brands have shown little interest in cryptocurrency to date. In part, this is due to their general aversion to high levels of risk and an institutionalised culture ill suited to digital change and innovation – but there is also a legitimate fear that they will fall foul of financial regulators. 
  • It stands to reason that cryptocurrency exchanges are well positioned and strongly motivated to exploit the narrowing gap between crypto and fiat – because they have first-move advantage. Having already built huge cash reserves and crypto-familiar customer bases, it would be relatively straightforward technically for them to add on banking services. 
  • mohammed_ab on 13 Feb 21
     
    M-Pesa could target a new market which is a currency exchange and more specifically cryptocurrencies. This strategy could allow boosting the revenue streams of the company as cryptocurrencies are becoming more used.
ghtazi

Future Trends of the Fintech industry that will revolutionize the world | by Maruti Tec... - 0 views

marutitech.medium.com/tionize-the-world-6b3c9afa4d4c

fintech innovation healthcare

shared by ghtazi on 17 Feb 21 - No Cached
  • To encourage innovation, many industries such as healthcare and life science have started using the latest technologies for optimizing their business processes, cost cutting, and so on. Since there are lots of opportunities among various industries, the Fintech industries will get cost-effective processes and fewer regulations in the traditional financial sectors.
    • ghtazi
      ghtazi on 17 Feb 21
       
      fintech tries to encourage innovation, and in many sectors as this excerpt claims, the healthcare system is one of these sectors. they use the newest and latest technologies so that they can optimize the business processes, the cost-cutting, and it can open many more opportunities to the company.
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