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hibaerrai

WorldRemit launches new product for business payments to Ghana | Africanews - 0 views

www.africanews.com/...for-business-payments-to-ghana

WorldRemit Remittance E-payments

shared by hibaerrai on 13 Feb 21 - No Cached
  • WorldRemit’s low fees and exchange rates are shown up-front and customers can send money easily via the company’s website and app. By extending its money transfer service to SMEs, WorldRemit will save businesses time and money when they make international payments.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      WorldRemit transfer fees are quite low, and I believe that is caused by competition. In fact, banks provide the same services, however their fees are higher. So decreasing fees is a huge selling point for the fintech.
  • Today, we’re pleased to extend that service offering to businesses, and put an end to the steep fees that many pay, especially when sending to Ghana. We’re committed to making it quick, safe and easy for you to pay individuals across borders, leaving you to focus on growing your own business.”
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Low costs strategy is a winning strategy.
mohammed_ab

Banks and Fintech Companies: Friends or Foes? Pt. 3 - Fawry as a Case Study - WAYA - 0 views

waya.media/oes-pt-3-fawry-as-a-case-study

Fawry Egypt Mobile Payment Fintech

shared by mohammed_ab on 13 Feb 21 - No Cached
  • awry collaborated with banks in many other products where direct integration, SaaS or hybrid models were being used to offer products  to both bank customers and Fawry customers.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      First, Fawry collaborated with banks to use bill presentment and payment to banks customers through bank ATM channels. Fawri also provided a payment service using mobile wallets in collaboration with the National Bank of Egypt. These kind of fruitful collaborations are what raised the company's services' importance and value.
  • Fawry is Egypt’s first and largest electronic payment network established in 2008, offering financial services to consumers and businesses through a variety of channels nationwide, Fawry services include but are not limited to electronic bill presentment and payment, alternative digital payments, omnichannel acceptance, supply chain payments, agent banking services, digital SME lending and other varieties of digital solutions for banks, billers and merchants.
  • mohammed_ab on 13 Feb 21
     
    This excerpt highlights that Fawry is not only an electronic bill payment platform. A lot of people think that the company only offers bill payment services, and went famous for this service, however, the company expanded its product offerings to other fintech solutions like digital lending.
hibaerrai

Fintech, distributed-ledger technology and the token economy | Internal Market, Industr... - 0 views

ec.europa.eu/...fintech_en

Fintech Strategy Distributed Ledger technology Digital

shared by hibaerrai on 13 Feb 21 - No Cached
  • Distributed-ledger technology (DLT) enables safer, faster and cheaper transactions in an ever-increasing number of sectors. The Commission considers DLT as a breakthrough technology that is key for the EU's competitiveness.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Distributed ledger technology can be a very efficient strategy in fintechs because it is time saving, safe and cheaper than other strategies.
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