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nouhaila_zaki

SimbaPay: About | LinkedIn - 0 views

  • 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.
    • nouhaila_zaki
       
      This excerpt is important because it provides the reader with an overview of SimbaPay, which encompasses: (1) Recognition received by the company, (2) What customers can use SimbaPay for, (3) The location of the company, and most importantly the authority that licensed and regulates SimbaPay.
ghtazi

Mukuru Groceries enables people in SA to support Zimbabweans in need - 0 views

  • African remittance provider Mukuru has launched a grocery service that will give foreign national workers living in South Africa, as well as any South Africa-based customer, the ability to send groceries to families and communities in Zimbabwe.
  • As one of the largest money transfer operators on the continent, the grocery service represents an extension of the company’s existing offering. At a time when many Zimbabweans are struggling to obtain basic commodities, Mukuru Groceries aims to help ensure that families are provided for and given the best chance to remain healthy throughout the crisis period.
  • “In addition to price fluctuations for basic goods, people also face the uncertainty of whether certain goods will be available - as many Zimbabwean retailers have struggled to replenish stock,” adds Jury. “By enabling South Africa-based workers to pay for a pre-agreed basket of goods for families in Zimbabwe, we are removing these uncertainties and providing families with peace of mind during this immensely tough period.”
  • ...3 more annotations...
    • nouhaila_zaki
       
      These excerpts reflect how Mukuru managed to adapt to the changing circumstances during the covid-19 pandemic. By launching the Mukuru Groceries service, the company enabled poeple from South Africa (most probably Zimbabwe immigrants) to buy groceries for people in Zimbabwe (most probably their families). This reflects the capacity of adaptation and strong network that Mukuru enjoys.
  • Existing Mukuru customers will not be required to register for the grocery service, they will simply follow the same process on USSD and WhatsApp to create an order and pay at any Mukuru pay-in partner using a payment reference (similar to the cash order reference).
    • sawsanenn
       
      it is a good and easy solution for customers that are not expertized in using smartphones, so the procedure can be easy for them.
  • We have listened carefully to what our customers are asking for, and we have innovated and added to our service offering to make sure that Zimbabwean families receive the resources and support that they so desperately need right now,” says Andy Jury, CEO, Mukuru.
    • ghtazi
       
      I think it is a good thing that Mukuru tries to put itself in the customer's shoes because it will be only beneficial for the company, and will help them to have a "closure" connection to their customers.
ghtazi

Mukuru - ECP Investments - 0 views

  • Mukuru is uniquely focused on serving low- and middle-income migrants who typically send money home to their families to cover basic living expenses and who otherwise rely on informal and inconsistent channels such as buses, taxis, friends, and family. Through Mukuru, customers can send money through more reliable channels via bank transfer, cash deposit, credit/debit card or via a Mukuru Money Card and/or mobile money wallet. Friends and family members of these customers can then receive the money through the same methods (cash collection, bank transfer, cash to card, or mobile money wallet).
    • nouhaila_zaki
       
      This excerpt is important because it reflects some important aspects of the company's operations and business model. 1- The customer segment: low and middle-income migrants in Africa. 2- What problem Mukuru helps to solve: it provides migrants who send money to their families through informal channels with a formal and regulated platform.
  • Mukuru is uniquely focused on serving low- and middle-income migrants who typically send money home to their families to cover basic living expenses and who otherwise rely on informal and inconsistent channels such as buses, taxis, friends, and family. Through Mukuru, customers can send money through more reliable channels via bank transfer, cash deposit, credit/debit card or via a Mukuru Money Card and/or mobile money wallet. Friends and family members of these customers can then receive the money through the same methods (cash collection, bank transfer, cash to card, or mobile money wallet).
    • sawsanenn
       
      This article shows us the customers that Mukuru is targetting which are low and middle-income migrants and help them to send or receive money to or from their families or surroundings by offering easy services that everybody can understand and proceed it even the illiterate people.
  • Founded in 2004, Mukuru has established a powerful brand affinity with customers built on trust, reliability, and local engagement. The company has grown to operate over 90 remittance corridors, enabling more than 5 million individuals to receive funds to cover living expenses, school fees, medical expenses, and utility bills. Mukuru is supported by world-class regulatory and compliance systems, highly scalable technology architecture, and a comprehensive sales and distribution network.
    • ghtazi
       
      Mukuru was founded in 2004, and since then the company has built a trustful, reliable with its customers. the company enables more than 5 million individuals to receive funds to cover everyday expenses.
nourserghini

SimbaPay to make Kenya to China money transfers easier | FXcompared.com - 0 views

  • More than seven million Kenyan customers and businesses can now transfer money internationally through SimbaPay Family Bank, a leading financial institution in Kenya, has partnered with SimbaPay so that its customers can make instant money transfers to China
    • nourserghini
       
      This article states that seven million clients in Kenya use Simbapay to internationally transfer money, which is an important number of customers.
nourserghini

Sending Money Within Africa: Here Are Reliable Platforms to Use - Dignited - 0 views

  • Simbapay is an Africa-focused money transfer startup that lets customers send money to friends and family around Africa in a fast, seamless, and cheap way.Platforms: Android and IOSCountries serving: All African countriesTransfer fees: Yes, but you can send up to £45,000 for free
    • nourserghini
       
      This article is interesting because it explains SimbaPay's services, platforms, countries and fees, but also because it mentions similar platforms for money transfer platforms in Africa that can be considered as competitors. These platforms are Chipper Cash, Rapid transfer, Barter and Eversend.
mehdibella

M-Pesa - 0 views

  • M-Pesa is Africa's most successful mobile money service and the region’s largest fintech platform. M-Pesa is the preferred way to make payments across the continent both for the banked and unbanked due to its safety and unmatched convenience.
  • It also provides financial services to millions of people who have mobile phones, but do not have bank accounts, or only have limited access to banking services. Now, M-Pesa provides over 42 million people with a safe, secure and affordable way to send and receive money, top-up airtime, make bill payments, receive salaries, get short-term loans and much more.
    • kenzabenessalah
       
      Even if people do not have bank accounts, they can still use M-PESA because it allows them to have access to financial services through their mobile phones.
  • In early 2020, Vodacom & Safaricom completed the acquisition of the M-Pesa brand from Vodafone Group through a newly created joint venture. The joint venture will accelerate the growth of M-Pesa through Africa by giving both Vodacom and Safaricom full control of the M-Pesa brand, product development and support services as well as the opportunity to expand M-Pesa into new African markets
    • ghtazi
       
      after that Vodacom & Safaricom acquired M-Pesa brand from the Vodafone group, they created a new joint venture that will help M-pesa to grow across Africa, which I believe is a big opportunity for the group
  • ...9 more annotations...
  • M-Pesa is Africa's most successful mobile money service and the region’s largest fintech platform. M-Pesa is the preferred way to make payments across the continent both for the banked and unbanked due to its safety and unmatched convenience.
    • kaoutarchennoufi
       
      Thanks to its large Fintech platform, M-Pesa has managed to target both banked and unbanked people. Also, what distinguishes it, is that it does not require people to have a bank account in order to have access to its financial services, they only need to have a mobile phone.
  • In 2019, our 41.5 million active customers carried out over 12 billion transactions
    • nourserghini
       
      This article states that M-pesa is the continent's leader in mobile money services with over 41,5 million customers from all over the continent.
  • M-Pesa is Africa's most successful mobile money service and the region’s largest fintech platform. M-Pesa is the preferred way to make payments across the continent both for the banked and unbanked due to its safety and unmatched convenience.
    • sawsanenn
       
      This excerpt is important because it defines M-Pesa as Fintech Platform, their services, and their customer target
  • Send and receive moneyDomestic transfers: M-Pesa customers can send money in real time to any other M-Pesa customer with an account registered in the same country. In most markets customers can now send money to mobile money users on other networks as well.International transfers: Through our international remittance partners, M-Pesa customers can receive and send money across borders in real time.
    • nouhaila_zaki
       
      This excerpt describes the core services provided by M-Pesa, namely domestic transfers and international transfers.
  • LoansM-Pesa customers build a credit score that enables them to access loans via our bank partners. Products include M-Shwari and KCB M-Pesa in Kenya and M-Pawa in Tanzania. We work hard to ensure customers not only have access to credit but are also educated so they understand the implications of a loan.
    • nouhaila_zaki
       
      This particular excerpt explains how M-Pesa provides underbanked/unbanked customers with access to loans that would change their lives and ameliorate their condition.
    • nouhaila_zaki
       
      This page is important because it enumerates all of the different product and service offerings provided by M-Pesa, which is important to know in order to acquire a comprehensive knowledge and understanding of the company's actions.
  • What is M-Pesa?
  • M-Pesa is Africa's most successful mobile money service and the region’s largest fintech platform. M-Pesa is the preferred way to make payments across the continent both for the banked and unbanked due to its safety and unmatched convenience.  It also provides financial services to millions of people who have mobile phones, but do not have bank accounts, or only have limited access to banking services.
  • Established on 6th March 2007 by Vodafone's Kenyan associate, Safaricom, M-Pesa is Africa's leading mobile money service with more than 430,000 active agents operating across the Democratic Republic of Congo (DRC), Egypt, Ghana, Kenya, Lesotho, Mozambique and Tanzania.
  •  
    This service permits clients to store cash into an account put away on their cell phone, and send it utilizing an individual recognizable proof number and secure SMS. This makes it conceivable to pay for products and services and to guarantee standard payments.
mehdi-ezzaoui

SimbaPay Allows You Transfer Money from the UK to Nigeria at Zero Charge | TechCabal - 1 views

  • Digital money transfer provider, SimbaPay, has announced the launch of its money transfer service to Nigeria. Using the SimbaPay app or website, Nigerians living in the UK can send money to Nigeria at zero charge using SimbaPay. The payment can be made to any bank account or mobile phone in Nigeria instantly.
  •  
    The service eliminates tedious processes of traditional money remittance firms, high cost and the need for customers to remember branch codes. The application allows people living in Europe to send bulk cash of up Sh4.5 million home.
ayachehbouni

SimbaPay scales new heights in digital money transfer - Business Daily - 1 views

  • A Kenyan-owned digital money transfer firm, SimbaPay, is taking not only the local but also the international money remittance sector by storm.The London-based firm, started with the aim of helping out Kenyans living in the diaspora pay bills through M-Pesa, has over the years grown into a full-fledged money transfer firm joining the likes of Western Union and MoneyGram in the market.Unlike conventional players, SimbaPay strives to make money transfer painless to both the sender and recipient.The tech firm allows citizens residing in the European Union to send money home instantly through its application.People with a bank account, debit or credit card use mobile phones or tablets to access the app and transfer money to recipients’ mobile money wallets such as M-Pesa or MTN mobile money or bank account.
  • “We are able to roll out new countries on our platform at a low cost which then allows us to pass on these savings to customers. We can do this due to our technology that allows transactions to be processed at breakneck speed with zero human interaction,” said SimbaPay chief executive officer Nyasinga Onyancha.The firm’s compliance and onboarding of customers is handled within the app, making it significantly easier for customers to sign up and start sending money to loved ones within minutes.
    • mbellakbail69
       
      Financial inclusion will be then positively impacted as more small scale traders will be able to directly source goods from everywhere instead of depending on middlemen to make payments on their behalf.
  • “We are able to roll out new countries on our platform at a low cost which then allows us to pass on these savings to customers. We can do this due to our technology that allows transactions to be processed at breakneck speed with zero human interaction,” said SimbaPay chief executive officer Nyasinga Onyancha.
    • ayachehbouni
       
      The strength of simbapay come from the ease of use of the platform.
omarlahmidi

Ethiopia Mobile Wallet and Payment Market Opportunities Databook 2019 Featuring M-Birr,... - 0 views

  • The mobile payment industry in Ethiopia is expected to record a CAGR of 18.7% to reach US$ 7,818.2 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 18.3% during 2018-2025.
    • kenzabenessalah
       
      It is fascinating to see such African companies grow tremendously over a short period of time. EthioPay is among one of the companies that helped the mobile payment industry in Ethiopia increase at a CAGR of 18.3% and is still expecting to grow.
  • The mobile payment industry in Ethiopia is expected to record a CAGR of 18.7% to reach US$ 7,818.2 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 18.3% during 2018-2025.
    • sawsanenn
       
      A significant number of smartphone subscribers are feature phone users, and smartphone users are increasing recently due to the rising availability of more affordable smartphones on the local market.
  • This report provides a comprehensive view on mobile payment / mobile wallet market size and growth dynamics, industry dynamics, retail spending, consumer attitude and behaviour, and competitive landscape in Ethiopia. The report focuses on data-centric analysis of mobile payment market dynamics to help companies understand business and investment opportunities along with risks. It details growth dynamics in 45+ market segments (600+ KPIs) across mobile commerce, mobile P2P transfer (domestic and international remittance), mobile lending, and a range of other payment avenues in Ethiopia.
  • ...5 more annotations...
    • nouhaila_zaki
       
      This article is very interesting because it briefly introduces the findings of a report that provides a comprehensive view about the Ethiopian mobile payment/mobile wallet industry in which Ethiopay operates.
  • Companies Mentioned M-Birr BelCash Amole EthioPay YenePay
    • nouhaila_zaki
       
      This excerpt is important because it enumerates Ethiopay's main competitors.
  • Ethiopia Market Share by Mobile Payment Technology: Provides market share by key mobile payment technologies -
    • ghtazi
       
      you can pay by : SMS/USSD NFC Code-Based Web-Based
  • Ethiopia Mobile Wallet and Payment Market Opportunities Databook 2019 Featuring M-Birr, BelCash, Amole, EthioPay, YenePay
    • nourserghini
       
      This article discusses the mobile wallet market in Ethiopia and mentions providers like Belcash such as M-birr, Amole, Ethiopay and YenePay which are potential competitors.
  • Report ScopeThis report provides in-depth market opportunity analysis and growth dynamics of mobile payment industry in Ethiopia. Below is a summary of key market segments:Market Size and ForecastMobile payment and mobile wallet market size and forecast across 45+ markets segments on three essential KPIs - mobile payment transaction value, volume and average transaction value.
    • omarlahmidi
       
      This article discusses the mobile payment industry. It also talks about providers such as Belcash.
nourserghini

Visa partners with Paga on payments and fintech for Africa and abroad | TechCrunch - 0 views

  • Visa has entered a partnership with Nigeria based startup Paga on payments and technology.Founded in Lagos, Paga scaled its fintech business in West Africa, before targeting expansion in Ethiopia and Mexico.The startup has created a multi-channel network for over 14 million customers in Nigeria to transfer money, pay-bills and buy things digitally through its mobile-app or 24,840 agents.The new arrangement allows Paga account holders to transact on Visa’s global network. It will also see both companies work together on tech.The collaboration reflects a strategy of the American financial services giant to expand in Africa working with the continent’s top startups.
    • nourserghini
       
      The article explains that the original location of Paga is in Nigeria and that its new targeted location in Africa Ethiopa. It delivers services of money transfers, pay-bills and digitally buying through the mobile app. The new partnership also allows Paga customers to transact on the global network of Visa. Its customers are the millions of Nigerians as well as the new customers from the expansions in Ethiopia and Mexico.
nourserghini

Review: Hello Paisa money transfers | Finder South Africa - 0 views

  • Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees.
    • nourserghini
       
      Hello Paisa's competitors are Skrill, TorFX, CurrencyFair, CurrenciesDirect and WordRemit.
aminej

About Us - cassava fintech - 0 views

  • Cassava FinTech is a pan-African business using an integrated model to drive financial inclusion and digital transactions across the continent. Our core operations in Mobile Money, Social Payments Services, Digital Banking, International Remittances and Mobile Micro Insurance with presence in Zimbabwe, South Africa, Burundi, Lesotho and UK and partnerships in other African countries.
    • hibaerrai
       
      Cassava allows customers to make online money transfers and digital payments. It increased financial inclusion in the country.
  • We are a global fintech pioneer, providing solutions for the financially excluded one product at a time. We are all about convenience for our customers, growth for our partners, and financial access for all. The need to solve wicked problems is what drives our innovative spirit.
    • aminej
       
      It is good to see that even countries such as Lesotho are getting more and more developed through the creation CASSAVA that will enable many people to understand different services such as digital banking, mobile money, social payments and micro assurance.
aminej

Ghana's Zeepay plans mobile-money expansion to South Africa, Rwanda - 0 views

  • Takyi-Appiah says he saw opportunity in the fact that customers had to wait for days and queue up to obtain remittances sent to banks. Foreign expansion soon followed, and Zeepay now counts Côte d’Ivoire and Zimbabwe as its second- and third-largest markets.
  • Ghana’s Zeepay plans to raise $10m in equity funding to support the creation of new mobile-money hubs in East and Southern Africa, Andrew Takyi-Appiah, co-founder and managing director, tells The Africa Report. The new hubs, which will include processing centres and back offices, are likely to be in Rwanda and South Africa, says Takyi-Appiah from Accra. He adds that the use of Swahili in Rwanda makes it a good platform from which to reach out to other markets in the region.
    • aminej
       
      This new Fintechs are becoming more and more developed and present in different countries across Africa. It is good to see such companies being innovative and competitive in order to show what the African continent is really capable of
  •  
    It is important that the company takes advantages of the customers' struggles to find a creative way to encourage them to benefit from the service.
kenzabenessalah

Cassava Fintech - Cassava Smartech - 0 views

  • Our integrated platform offers multi-mobile financial services programmes, which depending on the target market, can be tailored to suit banked, unbanked and under-banked customer segments. We offer a rich pipeline of innovative use cases, including micro-loans, micro-savings (for individuals or groups), mobile business wallets, international remittances, and merchant payment solutions.
    • kenzabenessalah
       
      The important message to take is that the financial services that Cassava offers are not only for people who have bank accounts, but for unbanked and under-banked people as well.
tahaemsd

Zeepay - Home - Click and Send - 0 views

  • 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
       
      Mobile Financial service company that take care of mobile money, remittance, domestic transfers, micro-insurance, and payments.
tahaemsd

Zeepay seeks to expand to Eastern and Southern Africa | Digital Watch - 0 views

  • Ghanain mobile payment company Zeepay is seeking funds to expand(link is external) to Eastern and Southern Africa. The company whose operations have been funded by local investors is looking to tap into remittances as well as venture capital funds.
    • tahaemsd
       
      Zeepay is looking for funds to set up regional offices in Rwanda and south Africa
mohammed_ab

State of play: Fintech in Nigeria - The Economist Intelligence Unit (EIU) - 0 views

  • Nigerian fintechs are branching out from payments into lending, micro-investment, wealth management, peer-to-peer transfers and insurance. Payments and remittances are the most developed subsector to date. The country has seen a surge of new and simplified apps to help merchants, businesses and consumers. Mainstream banks, initially slow to react to the digital era, have quickly adapted to offer apps and tools in areas like loans, while non-traditional players—including telecom companies and retailers such as supermarkets—are entering the finance space. 
  •  
    I think that this article is very interesting as it shows how Nigerian fintechs are starting to consider more service offerings. It's not just about payment anymore, these Nigerian fintech started to focus more on lending, insurance, and wealth management.
ghtazi

SimbaPay | LinkedIn - 0 views

  • SimbaPay is an award winning mobile app transforming the international remittance space. With a focus on extreme speed, convenience and constant innovation.
    • ghtazi
       
      simbapay is a winning award mobile App, its headquarter is located in London. The company is licensed and regulated by the financial conduct authority. The company focus on extreme speed, convenience, and constant innovation.
hibaerrai

WorldRemit launches transfer tracker app - 0 views

  • Consumer research shows that financial insecurity is at an all time high. WorldRemit is working tirelessly to increase transparency and support users by providing easy access to financial services. With WorldRemit’s proprietary technology, each user can now track the money they have been sent, giving them added peace of mind at a time when they need it most.
    • hibaerrai
       
      WorldRemit continues to develop new apps and platforms everyday in order to increase financial inclusion in all countries. Their services are known for their speed, convenience and safety. I believe that this fintech is among the best ones in the world.
  • WorldRemit is one of the first companies in the global payments industry to launch a Transfer Tracker app exclusively with recipients in mind. The digital payments company allows senders in 50 countries to send money via the app or website to recipients in over 150 countries and can choose from multiple payout methods including bank deposits, mobile wallets, mobile airtime top-up and cash pick-up.
    • hibaerrai
       
      WorldRemit might be surpassing popular fintechs in the next years. It goes beyond standard services and look for ones that suit all individuals in different countries.
hibaerrai

How WorldRemit continues to lead the way in Nigeria | TechCabal - 0 views

  • WorldRemit has the largest bank payout network for transfers to USD bank accounts in Nigeria, which includes Access Bank, FirstBank, Fidelity, GT Bank, UBA and FCMB, with ongoing plans for further expansion. Cash pickup in USD is also available from the following banks: Fidelity Bank, First Bank, Access Bank, Polaris Bank, FCMB, Zenith Bank and Union Bank. For added security and convenience, both senders and recipients automatically receive transaction and PIN numbers via SMS and email, for cash pick up. Recipients must present both numbers along with their ID at cash collection points. 
    • hibaerrai
       
      WorldRemit took advantage of the pandemic and expanded their services to suit their customers. It made money transfers easier throughout this special period. It's transfers networks largened.
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