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mehdi-ezzaoui

​Belcash Technology Solutions PLC - 0 views

www.belcash.com

Fintech Africa payments

shared by mehdi-ezzaoui on 09 Feb 21 - No Cached
  • Over the last four years, our service has allowed the Ethiopian population to access the following services using their mobile phones: Health advice (HelloDoctor), Market access (HelloMarket / HelloGebeya), Labour market access, (HelloJobs / HelloSera), Legal advice (HelloLawyer / HelloTebeka), Mobile Trade service (HelloBroker/ HelloDelela).
    • kenzabenessalah
      kenzabenessalah on 09 Feb 21
       
      BelCash has given an opportunity to the Ethiopian population to conduct their usual services online. This leads to efficient, safe, and less time consuming daily affairs.
  • Belcash Technology Solutions PLC (BCTS) is a registered Value Added Service (VAS) provider legally operating in Ethiopia. BCTS has obtained its licenses from Ministry of ICT and with a signed agreement with Ethio Telecom to provide services to the Ethiopian market.
    • kenzabenessalah
      kenzabenessalah on 09 Feb 21
       
      This is important because it emphasizes the safety and legitimacy of the platform. With multiple services, BelCash must have a data protection regulation.
  • The HelloCash Network is the largest financial service network in Ethiopia with 9,900 Service outlets across the country. Currently, within HelloCash network there are over 1,500,000 HelloCash customers. The network is expected to grow to 20,000 service outlets (Agent Network) by end of 2020.  
hindelquarrouti

WorldRemit review 2021: Complaints, fees, rates | finder.com - 2 views

www.finder.com/-international-money-transfers

worldremit Benefits fintech

shared by hindelquarrouti on 11 Feb 21 - No Cached
  • What to watch out forMaximum daily limits. Transaction limits depend on how you are sending the money, while a total 24-hour cap of $9,000 applies to all transactions being sent by you out of the US.Changing fees. Depending on where you are sending to, how you are paying and how you are transferring money, your fees may vary. Although a base fee of $3.99 is applied to most transfers, keep an eye on this category when actually completing your transfer to make sure it doesn’t change.No hedging options. WorldRemit only offers one-off transfers, unlike some of its competitors that offer additional tools to help you save money. Hedging tools are most often used to lock in an exchange rate, helping you save money on future transfers if the market shifts against your position.Inconsistent markups. Exchange rates vary through WorldRemit and depend not only on the currency you are sending to but also on the destination country. Expect mid-market markups anywhere from 1-4%.
  • Easy-to-use website. Signing up and sending money can be done in as little as a few minutes, and support can be accessed through phone, email, live chat and FAQs.Worldwide network. Customers in more than 50 countries can send funds to over 150 countries using a variety of methods, including bank transfers, cash pickup at thousands of locations, door-to-door delivery, delivery to services like Alipay and more.Flexible payment options. Pay with a credit or debit card, from your bank account, through Apple or Google Pay and even with prepaid cards.Fast transfers. Cash pickups, WorldRemit Wallet transfers and airtime top-ups are typically available instantly after sending, while mobile money and bank deposits may take one or more business days to process.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      The boundaries of WorldRemit services are discussed in this article. Every service has its limits, so the company has to focus on this aspect to strengthen its services by asking the service users for feedback.
  • Cash pickups, WorldRemit Wallet transfers and airtime top-ups are typically available instantly after sending, while mobile money and bank deposits may take one or more business days to process.
  • ...2 more annotations...
  • WorldRemit transfers can be sent from over 50 countries and received in over 150 countries.
  • WorldRemit uses many methods to protect your transaction and is authorized and regulated by many government agencies.
  • hichamachir on 11 Feb 21
     
    This article talks about the limits of WorldRemit services. I think that every service got its limits so the company has to work on this aspect in order to improve its services by asking about feedback for the service users.
  • hindelquarrouti on 13 Feb 21
     
    Besides aiming for financial inclusion, Worldremit offers a lot of benefit to its client since it is easy to use, as well as, it is a worldwide network with flexible payment options and fast transfers that are not available in traditional banking. This has created a competitive advantage for the company
hibaerrai

CONSORTIUM ACQUIRES MAJORITY STAKE IN FAWRY, EGYPT'S LEADING E-PAYMENT SERVICES PLATFOR... - 0 views

fawry.com/ng-e-payment-services-platform

Fawry Egypt E-payments Online Fintech Shares

shared by hibaerrai on 13 Feb 21 - No Cached
  • Founded in 2008, Fawry is Egypt’s first and largest Electronic Payment Network, offering financial services to consumers and businesses through more than 50,000 collection points and a variety of channels nationwideBased on its own-patented technology, that is fully compliant with international security standards of the ISA 27001 and PA DSS certifications, Fawry performs more than a million financial operations daily.Fawry services include collection services, customer acquisition, electronic cash, payment facilitation, and business-to-business collection centres.  In 2014, Fawry’s revenue reached EGP 210 million, and the company served more than 15 million customers.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it touches upon many aspects of Fawry: the nature of the company, the nature of services and products offered amongst other things.
  • A consortium of international financial investors comprising the Egyptian-American Enterprise Fund (“EAEF”), Helios Investment Partners (“Helios”, acting on behalf of funds it advises) and the MENA Long-Term Value Fund (“MENA LTV”) (together, the “Consortium”) today announced it has acquired a majority stake in Fawry, the leading electronic bill presentment and payment platform in Egypt at a purchase price valuing the company at EGP 773 million, approximately US$ 100 million.Headquartered in Cairo, Fawry provides users with a secure electronic bill presentment and payment services solution, connecting consumers, merchants, governments and financial institutions on a consolidated gateway that is accessible through multiple channels, including Point of Sale (POS) machines, ATMs, post offices, online and through mobile wallets.  Since its establishment in 2009, Fawry has been at the forefront of electronic payments in Egypt, providing pioneering, innovative and convenient payment solutions to its customers. The company today processes over one million transactions a day and operates a network of over 50,000 collection points in 300 cities and suburbs across the country.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      The Egyptian American Enterprise Fund acquired a majority stake in fawry which is a huge investment for the fintech. It promotes financial inclusion.
  • nouhaila_zaki on 13 Feb 21
     
    "Founded in 2008, Fawry is Egypt's first and largest Electronic Payment Network, offering financial services to consumers and businesses through more than 50,000 collection points and a variety of channels nationwide Based on its own-patented technology, that is fully compliant with international security standards of the ISA 27001 and PA DSS certifications, Fawry performs more than a million financial operations daily. Fawry services include collection services, customer acquisition, electronic cash, payment facilitation, and business-to-business collection centres.  In 2014, Fawry's revenue reached EGP 210 million, and the company served more than 15 million customers."
mehdibella

"WatchIT" Provides its Services Electronically through "FawryPay" - Fawry - 0 views

fawry.com/lectronically-through-fawrypay

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • In the framework of its concern in making it easy for citizens to pay for accessing its e-services via the Internet, in order to reach a society more dependent on electronic payments; WATCH iT! has announced signing a partnership agreement with Fawry the leading Fintech network in Egypt to offer its services through “Fawry Pay” to the public. WATCH iT! It is the first of its kind in Egypt and the newest in the Middle East and North Africa, where the number of its users reaches 1.5 million users and has a huge library the most diverse, containing more than 650 thousand entertainment hours of movies, series and programs that suit all ages.
    • kaoutarchennoufi
      kaoutarchennoufi on 13 Feb 21
       
      Fawry has signed up an agreement with Watch IT in order to expand the Fintech network and encourage online payment in Egypt. Therefore, I believe that this partnership will enable both businesses to reach more customers, increase productivity, and therefore increase profits.
  • In the framework of its concern in making it easy for citizens to pay for accessing its e-services via the Internet, in order to reach a society more dependent on electronic payments; WATCH iT! has announced signing a partnership agreement with Fawry the leading Fintech network in Egypt to offer its services through “Fawry Pay” to the public.
  • "WatchIT" Provides its Services Electronically through "FawryPay" - Fawry
  • ...2 more annotations...
  • Mohamed Okasha, Managing Director of Fawry, said that the partnership with WATCH iT! is the result of a joint cooperation to provide outstanding services to customers, highlighting that “Fawry Pay” payment methods include payment either cash through any of Fawry outlets or online using credit cards (MizaCard, MasterCard and Visa) in addition to bank channels linked to Fawry’s network (ATM, Internet banking, mobile wallets) and also through “myFawry” application available for smart phones.
  • “Fawry Pay” platform provided by Fawry for the online shopping sector, offers customers different payment methods and various e- services. Over one million and 100,000 transactions were made on “Fawry Pay” platform during this year till the end of August 2019 for more than 280 e-merchants dealing with the service.
mehdi-ezzaoui

Fawry gets nod for bank transfer service + fintech industry faces new regulation drive ... - 2 views

enterprise.press/...try-faces-new-regulation-drive

FAWRY Egypt e-payments

shared by mehdi-ezzaoui on 12 Feb 21 - No Cached
  • Fawry gets CBE nod to partner with state-owned bank for transfer service: E-payments platform Fawry has received preliminary approval from the Central Bank of Egypt (CBE) to set up a bank transfer service for Egyptian expats; the service will be offered in partnership with an unnamed state-owned bank, CEO Ashraf Sabry tells Al Mal. Fawry has been in talks with several local and regional banks — including the National Bank of Egypt (NBE), Bank of Alexandria, Banque du Caire, and ADIB — to set up the remittances service for Egyptians living in the Gulf since last year, former managing director Mohamed Okasha said in December, saying at the time that the service would initially be rolled out in the UAE, Kuwait, and Saudi Arabia. Remittances, particularly from expats in the GCC, are a key source of foreign currency for Egypt and helped to narrow its current account deficit through the worst of the pandemic in 3Q2019-2020.
  • hichamachir on 12 Feb 21
     
    Fawry plans to expand in Gulf countries in order to dominate other markets in other countries. Banks can be always a good asset that can help the company to expand. I think that Fawry is playing it smart in including Banks in this affair.
  • mehdi-ezzaoui on 13 Feb 21
     
    Fawry gets nod for bank transfer service + fintech industry faces new regulation drive
mehdibella

Credit scoring the unbanked - alternative solutions used in global markets | Penser - 0 views

www.penser.co.uk/...lutions-used-in-global-markets

Jumo Fintech finance SouthAfrica

shared by mehdibella on 12 Feb 21 - No Cached
  • JUMO builds its credit profiles using behavioral data gathered from mobile wallets, cell phones and transaction data.
  • JUMO is a transaction and predictive technology platform that partners with mobile network operators and banks to offer customers microloans and access to savings and insurance products. They are currently active in six markets – Ghana, Tanzania, Kenya, Uganda, Zambia and Pakistan – with plans to soon launch in India, Bangladesh, Côte d’Ivoire and Nigeria. JUMO has helped disburse over $1.6 billion in funding to small and micro enterprises, and has helped connect over 15 million people to credit and savings services.
    • hindelquarrouti
      hindelquarrouti on 13 Feb 21
       
      Jumo is currently operating in different countries in Africa. It has been successful in funding small and micro enterprises, providing credit and saving services. Also, it collects behavioural data from transaction or even cell phones, this is very interesting as it contributes in creating financial identity.
  • JUMO builds its credit profiles using behavioral data gathered from mobile wallets, cell phones and transaction data.
  • ...4 more annotations...
  • JUMO works with a number of mobile network operators and financial service providers, including Airtel, MTN, Telenor, Ecobank, Barclays Africa among others.
    • mehdibella
      mehdibella on 13 Feb 21
       
      They are currently active in six markets (Ghana, Tanzania, Kenya, Uganda, Zambia and Pakistan) with plans to soon launch in India, Bangladesh, Côte d'Ivoire and Nigeria.
  • This creates a financial identity and credit rating for low-income individuals and enterprises, who can then access savings, loan and insurance products through a mobile interface.
    • mehdibella
      mehdibella on 13 Feb 21
       
      JUMO has helped disburse over $1.6 billion in funding to small and micro enterprises, and has helped connect over 15 million people to credit and savings services.
  • JUMO is a transaction and predictive technology platform that partners with mobile network operators and banks to offer customers microloans and access to savings and insurance products. They are currently active in six markets – Ghana, Tanzania, Kenya, Uganda, Zambia and Pakistan – with plans to soon launch in India, Bangladesh, Côte d’Ivoire and Nigeria. JUMO has helped disburse over $1.6 billion in funding to small and micro enterprises, and has helped connect over 15 million people to credit and savings services.
  • JUMO builds its credit profiles using behavioral data gathered from mobile wallets, cell phones and transaction data. This creates a financial identity and credit rating for low-income individuals and enterprises, who can then access savings, loan and insurance products through a mobile interface. JUMO works with a number of mobile network operators and financial service providers, including Airtel, MTN, Telenor, Ecobank, Barclays Africa among others.
  • chaimaa-rachid on 12 Feb 21
     
    It makes a monetary identity and a financial assessment for low-pay people and organizations, who would then be able to get to reserve funds, credits through mobile phone.
  • ...1 more comment...
  • hichamachir on 12 Feb 21
     
    JUMO is a very interesting company that offers many important services like micoloans and insurance products. I believe that this company is doing a great business because of its variety of important services.
  • hindelquarrouti on 13 Feb 21
     
    Jumo is currently operating in different countries in Africa. It has been successful in funding small and micro enterprises, providing credit and saving services. Also, it collects behavioural data from transaction or even cell phones, this is very interesting as it contributes in creating financial identity.
  • mohammed_ab on 13 Feb 21
     
    This article explains the procedures and technology used by JUMO in order to create a credit rating for its customers. This credit rating allows the company to know the amount of loan they can give to someone.
hibaerrai

Fawry draws a line for Egypt's unbanked | Financial Times - 0 views

www.ft.com/...d2-0667-11e2-abdb-00144feabdc0

Fawry Egypt E-payments Online Fintech Financial inclusion

shared by hibaerrai on 09 Feb 21 - No Cached
  • To minimise risk, shops where the services are available buy credit in advance from Fawry before they collect any money from the public, earning a cut from the fees.
  • “Acceptance is critical to us and we have been keen to develop solutions to expand the acceptance footprint,” he says. “The alliance with Fawry helps this by adding segments that were not accessible before. It is a typical fit with our strategy for penetrating the unbanked segment.”
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      For those who do not know how to use technology or never visited banks, which represent the majority of the population, Fawry offers bill payment at the corner store. Fawry's services are available at 16,000 retailers and 1,300 post offices. This kind of services is the main reason behind the sudden development of the country's economy as financial services were available to more people, and more importantly to unbanked and underbanked.
  • For the majority of the population, who have never touched a keyboard or stepped through the doors of a bank, Fawry offers bill payment at the corner store. It has a growing network of collection points at small grocers, stationers and chemists, which are equipped with point-of-sale machines – the same ones used for credit card payments. Fawry’s services are available at 16,000 retailers and 1,300 post offices, advertised by its bright blue and yellow logo.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it describes the scope of the current network that Fawry enjoys in Egypt, something that can be useful for developing strategies for growth.
  • ...2 more annotations...
  • It has teamed up with MasterCard to launch an online payments portal, and 12 banks (representing 80 per cent of Egypt’s banking capacity) offer its services through their ATMs, over the counter, or on their websites.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      Here the excerpt is important because it introduces a key partnership underwent by Fawry, namely the one with Mastercard; in addition to what this partnership entails for Fawry's operations (positive impact since Fawry could launch an online payments portal + offering of Fawry services by several banks).
  • “The problem in Egypt is that companies which have bank accounts sell services to people with no bank accounts,” says Ashraf Sabry, chief executive and a founder of Fawry. Among its owners are the technology development fund; a public-private partnership, Raya; a local technology company; and a group of banks including HSBC. “You could say the sellers are at the top of a pyramid and the buyers at the bottom. We connect them.”
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Unbanked individuals rights in Egypt are ignored. Fawry's goal was to give them the opportunity to financial services as well, and increase the country's financial inclusion.
  • samielbaqqali on 11 Feb 21
     
    This is a smart move because minimising the risk in this kind of operations is very important.
kenza_abdelhaq

EthioPay Mojaloop Case Study - DFS Lab - 1 views

dfslab.net/ethiopay-mojaloop-case-study

Ethiopay Ethiopia Payments Service

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      This is probably an efficient and scalable way to easily interconnect the different services in the ethiopian banking sector
  • They conducted a technical evaluation of the Mojaloop platform. While Mojaloop seemed to provide the required functionality, for a live deployment it lacked definition around auxiliary requirements to move into production.
  • EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt is important because nowadays the development of companies for consumer products allows the huge opportunity for the expansion of electronic payments because it is assumed that consumers of electronic payments are indeed end-users and also that the majority of payouts are Customers to Business. Expanding enterprises also provide opportunities for big potential Business to Business payments.
  • ...2 more annotations...
  • What they want EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch. What they built They conducted a technical evaluation of the Mojaloop platform. While Mojaloop seemed to provide the required functionality, for a live deployment it lacked definition around auxiliary requirements to move into production. How Mojaloop helps With over 40 million phone subscribers and most banks having their own mobile banking system in Ethiopia, there is no mobile based inter-bank fund transfer. Mojaloop is potentially an efficient and scalable way to easily interconnect these disparate services.
    • ghtazi
      ghtazi on 13 Feb 21
       
      in this excerpt, we can see that Ethiopay wants to add value to the baking sector by adding new products and services. they also do a technical evaluation of the Mojaloop platform, which is the one that provides the required functionalities to the production. Last but not least it shows us that There is no mobile-based inter-bank fund transfer for 40 million telephone subscribers and most banks in Ethiopia have their own mobile banking system.
  • EthioPay (ETS) is owned by a consortium of Ethiopian banks and operates a central switching platform for ATMs throughout the country.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Ethiopay wanted to expand its services by implementing the platform Mojaloop which will interconnect disparate services.
ghtazi

Mukuru CEO - Using technology to serve the underserved - Intelligent CIO Africa - 0 views

www.intelligentcio.com/...nology-to-serve-the-underserve

Zimbabwe African Financial Inclusion

shared by ghtazi on 13 Feb 21 - No Cached
  • Biometrics is another sort of key differentiator in the space for increased security and ease of sign-up. Africa is ready for digitisation, and we have already seen good traction in SA with our Mukuru Card product. Mukuru is investing in technology to support customers as they digitise in the coming years, across our footprint.
  • Ensuring that the core stability and functional capability brought about by the technologies and coding languages mentioned earlier is of paramount importance. We are relaunching our app and that’s been built on the Flutter framework. The app is important because it allows for content rich customer engagements.It will also enable us to ingest/scan customer documents in real-time, process card payments securely so that customers can create and pay for orders in one step as opposed to two, as well as allowing for a host of additional customer facing services and capabilities to be deployed.The core DNA of our business is making sure that it’s super simple and that somebody with a feature phone is not precluded from using the service, because that is the essence of where our customer base is at, so we want modular technological capabilities that we can use in any conditions.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This article is important because it touches upon different facets of Mukuru, but the highlighted excerpts are very interesting because they enumerate the different technologies in which Mukuru is investing and the reasons behind such investmnents.
  • ...3 more annotations...
  • Mukuru has been at the forefront of technology launching a multitude of cutting-edge initiatives designed to solve problems for the African migrant diaspora.This year has seen it launch Mukuru Groceries – a service that is giving SADC based customers the ability to send groceries to their families and communities back home in Zimbabwe.At a time when many families are struggling to obtain basic commodities, Mukuru Groceries will help support Zimbabwe’s large diaspora in their quest to send critical financial resources to families back home.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Even if Mukuru operates only in Africa, it creates new concepts that will make their services essential in the country. Mukuru groceries is a smart strategy, and it will help attracting more and more customers as it supports one of their vital needs.
  • Through our partnerships we have over 300,000 pay-in and pay-out points across Africa. We’ve partnered with major banks in all the territories we operate in – if we don’t have a licence, particularly at the outset of a product or service offering, in the country, then we have to use an authorised dealer bank. We work with the big retailers in South Africa, that have been exceptional at making their branch infrastructure with their footprint available to digital services. So we work with all the big retailers in South Africa and similarly so in other territories, so companies like Shoprite, Pick n Pay,Boxer, Spar, PEP, Massmart, complemented by mobile wallets like mPesa – a range of key names.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Working with different partners across Africa can be beneficial to Mukura since they can expand their business in other countries besides the ones that they are already working with.
  • The company has also formed a partnership with WorldRemit, a leading global online money transfer service, to facilitate money transfers to Zimbabwe from across the globe. The partnership will be instrumental in bringing world-class financial services to Zimbabweans and generating new synergies for African financial inclusion
    • ghtazi
      ghtazi on 13 Feb 21
       
      in this excerpt, we can see that the company has a partnership with WorldRemit, which is a leading global online money transfer service, in order to facilitate the transfer of money for Zimbabwe from across the globe. which in my humble opinion will create and generate new synergies for African financial inclusion.
ayachehbouni

Prime and SimbaPay partner to launch international money transfer service | Mobile Paym... - 0 views

www.mobilepaymentstoday.com/...ational-money-transfer-service

shared by ayachehbouni on 12 Feb 21 - No Cached
  • "Businesses as well as Kenyans and expatriates with friends and family abroad send over $18 Billion to other African countries," Karanja said in the release. "Asia and Europe annually with several billion Kenya Shillings going through the SimbaPay network. Therefore, this service will offer Prime Bank's customers a world-class fully digital International Money Transfer service."
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is very important because it explains that $18 billion are transferred by businesses, other kenyans and expatriates with friends and family abroad to other African countries. Hence, the partnership between SimbaPay and Prime Bank is expected to improve international money transfer for these people, who represent a large market.
  • SimbaPay's head of operations, Victor Karanja, stated the service will provide a seamless platform for Prime Bank's customer base to send money abroad.
    • ghtazi
      ghtazi on 13 Feb 21
       
      I found the collaboration between Prime Bank and SimbaPay really smart because it will help them to extend their capacity and attract new customers. it is a win-win situation.
    • rayanbenabdallah
      rayanbenabdallah on 13 Feb 21
       
      Indeed the collaboration between Prime Bank and SimbaPay is a smart move for both compagnies. The joint force will enable a very important customer expansion.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is very important because it explains that $18 billion are transferred by businesses, other kenyans and expatriates with friends and family abroad to other African countries. Hence, the partnership between SimbaPay and Prime Bank is expected to improve international money transfer for these people, who represent a large market.
  • ...4 more annotations...
  • Prime Bank, a private bank in Kenya, has partnered with London-based fintech, SimbaPay, to launch an instant international money transfer service via the bank's digital platform, PrimeMobi, according to a press releaseThrough SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries including Africa, Europe, Asia, India, United Kingdom, China, Germany and Uganda.
  • Prime Bank, a private bank in Kenya, has partnered with London-based fintech, SimbaPay, to launch an instant international money transfer service via the bank's digital platform, PrimeMobi, according to a press releaseThrough SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries including Africa, Europe, Asia, India, United Kingdom, China, Germany and Uganda.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt shows different countries that simbapay is working with.It shows that the app is not only limited to kenya and china but to other countries which will allow simbapay to acquire more customers worldwide
  • Prime Bank, a private bank in Kenya, has partnered with London-based fintech, SimbaPay, to launch an instant international money transfer service via the bank's digital platform, PrimeMobi, according to a press releaseThrough SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries including Africa, Europe, Asia, India, United Kingdom, China, Germany and Uganda.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Simbapay partnership with Prime Bank has allowed it to launch an international branch in the fintech in which you can transfer money to different other countries.
  • Prime and SimbaPay partner to launch international money transfer service
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      This partnership is fruitful for both sides as it will increase both parties reach and customer base.
mehdibella

Find a Doctor - Book online instantly - DabaDoc - 0 views

www.dabadoc.com/about

Fintech finance Morocco Dabadoc

shared by mehdibella on 11 Feb 21 - No Cached
  • Privacy Policy DabaDoc (“us,” “we,”, “DabaDoc” or “The Company”) is committed to respecting the privacy rights of our customers, visitors, and other users of DabaDoc.com (the “Site”) and related websites, applications, services and mobile applications provided by DabaDoc and on/in which this Privacy Policy is posted or referenced (collectively, the “Services”). We created this Privacy Policy (“Privacy Policy”) to give you confidence as you use the Services and to demonstrate our commitment to the protection of privacy. Protecting your personal data is a constant concern for us, and the Company is committed by this to ensure that: Only personal information necessary for the proper functioning of the Service is collected Your private information is secure and protected The Company reserves the right to modify this Privacy Policy at any time without notice. You should check this page from time to time to ensure that you have full knowledge of the provisions of this Privacy Policy and that you agree with them. If you do not agree to these terms, you must stop using DabaDoc and waive benefit of the proposed service. This Privacy Policy is effective as of July 30, 2013.
    • samiatazi
      samiatazi on 11 Feb 21
       
      This Privacy Policy sets out how DabaDoc (hereafter the Company) uses and protects its customers' information. indeed, this protection of customers' personal data is a constant concern for the company.
  • DabaDoc is an online platform which allows patients to easily find and book an appointment with an available doctor nearby that meets their needs at any time and on any device. Doctors listed on DabaDoc can optimize their schedule and interact with their patients.
  • DabaDoc (“us,” “we,”, “DabaDoc” or “The Company”) is committed to respecting the privacy rights of our customers, visitors, and other users of DabaDoc.com (the “Site”) and related websites, applications, services and mobile applications provided by DabaDoc and on/in which this Privacy Policy is posted or referenced (collectively, the “Services”). We created this Privacy Policy (“Privacy Policy”) to give you confidence as you use the Services and to demonstrate our commitment to the protection of privacy.
hindelquarrouti

WorldRemit Review, Rates & Fees 2021 | Save Today | MoneyTransfers.com - 2 views

moneytransfers.com/...worldremit

Worldremit Money Transfer Fintech

shared by hindelquarrouti on 09 Feb 21 - No Cached
  • WorldRemit, like other money transfer companies, has its upsides and downsides. However, based on customer experience and forum reviews, the pros outweigh the cons. Pros Easy to Use -It takes approximately 5 minutes to sign up for an account on WorldRemit and make a transfer.Extensive Global Reach -You can send money to 150 countries on the WorldRemit platform. Irrespective of where your loved ones are, you can rely on WorldRemit to deliver the money to them in 30,000+ agent locations globally.Reasonable Fees -Compared to other money transfer services, WorldRemit charges fair transfer fees. It allows you to independently handle third party fees thereby, giving you control of your transfer.Flexible Payment Options-You can choose to pay for your transfer using a credit card, a debit card or a bank transfer.Multiple Delivery Channels-The beneficiary can receive money through bank deposits, cash pickup or mobile money.
  • Founded in 2010 in the United Kingdom by Ismail Ahmed, an economics student at the University of London, WorldRemit has grown its geographical coverage quite fast. You can now send to 150 countries around the world with thousands of well-placed payout locations. However, the company still has ground to cover in terms of partnerships with financial institutions and mobile money companies to strengthen its global footprint.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      WorldRemit is a good example of how a digitalized service should be quick and effective. The versatility of the service lets us realize that digitalization is in safe hands for the future, even though, of course, there is still a way to enhance the service.
  • WorldRemit is an online money transfer service that allows people to transfer money to their families in a secure, fast and affordable way.
  • ...1 more annotation...
  • Sending money to Somaliland Ismail’s home country was difficult. Most money transfer companies and banks charged exorbitant rates and took longer to complete transfers. Convinced that technology would help cut transaction costs and send money faster, Ismail started WorldRemit. General Payment Options Supported Currencies Support
  • hichamachir on 10 Feb 21
     
    I believe that WorldRemit is a good example of how fast and efficient a digitalized service should be. The flexibility of the service makes us understand that the future is in safe hands with digitalization even though there's always a way to improve the service of course.
  • hindelquarrouti on 13 Feb 21
     
    Worldremit is known for providing its users with affordable money transfers with fees that are often lower than average, yet the transfer is secure affordable and rapid. The main components that made the company successful
nouhaila_zaki

10 years of M-Pesa: The world's most successful money transfer service | E-Agriculture - 0 views

www.fao.org/...cessful-money-transfer-service

M-PESA Businesses Customers

shared by nouhaila_zaki on 12 Feb 21 - No Cached
  • M-Pesa also works for businesses, which can use the service to pay for business transactions. Business can also receive payments from customers via the paybill facility and can pay employees directly into their M-Pesa accounts.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      It's important to know that M-PESA is not meant only for people, but also for business as well to facilitate their transactions.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      Here, this except describes what M-Pesa provides for businesses and shows another customer segment of the company.
  • In order to use M-Pesa, customers have to register for the service at an authorised agent and deposit cash in exchange for electronic money which they can send to their family or friends. All transactions are secured by entering a PIN number and both parties receive an SMS confirming the transferred amount. The recipient receives the electronic money in real-time and then redeems it for cash by visiting another agent.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      All transactions through M-Pesa are using telecommunications and are secured by a PIN number for both parties and SMS confirmation.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it describes the product and service offerings that M-Pesa provides for individuals.
  • M-Pesa (M is for mobile, “pesa” is Swahili for “money”) was launched by Safaricom, Vodafone’s Kenyan associate, on March 6, 2007. The service is designed to safely send receive and store money via a simple mobile phone. The service also allows customers to make bill payments and top-up airtime.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      Here the excerpt reflects the partnership between Vodafone and Safaricom (founder of M-Pesa) and the initial goal of the service.
ayachehbouni

Prime Bank launches SimbaPay - International Money Transfer Service | Africanews - 1 views

www.africanews.com/...ational-money-transfer-service

shared by ayachehbouni on 13 Feb 21 - No Cached
  • “Through our digital platforms, we aim to make available a one stop solution to our customers in terms of funds transfer and with the inclusion of SimbaPay, our customers will now send money to friends and family across the world at the comfort of their mobile phones,” added Mr. Kantaria.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Prime Bank customers and Simbapay customers will both be able to send money to their friends and family across the world just by using their smart phone.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt appears to be useful since it shows how the partnership between SimbaPay and Prime Bank will result in an easier transfer of money between friends and family across the world and from mobile phones.
  • Through SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries in Africa, Europe, and Asia including India, United Kingdom, China (WeChat Pay), Germany, Uganda among others. Commenting on the partnership, SimbaPay’s Head of Operations Victor Karanja noted that the service will provide a seamless platform for Prime Bank’s customer base to send money abroad at the click of a button.
  • To access the service, customers will need to login to the bank’s mobile banking app – PrimeMobi, then click on International Money Transfer icon on the homescreen. After confirming the amount to be sent, the sender’s bank account will be debited and money credited to the beneficiary instantly. Transfers can also be sent from M-Pesa using a dedicated SimbaPay Prime Bank pay bill number.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects the instantaneous nature of international money transfers thanks to the Prime Mobi app (launched as a result of the partnership between SimbaPay and Prime Bank). The excerpt also reflects a partnership between SimabaPay and M-Pesa since transfers can also be done through the latter.
  • ...3 more annotations...
  • usinesses as well as Kenyans and expatriates with friends and family abroad send over $18 Billion to other African countries, Asia and Europe annually with several billi
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      SimbaPay can benefit from this 18 billion dollar of transactions to offer its services and attract more customers
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      SimbaPay is a FinTech (financial technology) award winning company that offers international digital money distribution service to African banks and mobile money companies. Mostly, the SimbaPay product needs little to no technological integration for financial institutions' implementation.
  • Prime Bank (www.Primebank.co.ke), a leading private bank in Kenya, has partnered with London-based FinTech SimbaPay (www.SimbaPay.com), to launch an instant international money transfer service via the bank’s digital platform PrimeMobi.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      I believe that, through the partnership it made, simbapay was able to reinforce and evolve its services and reach a more diversified clientele.
  • mehdi-ezzaoui on 13 Feb 21
     
    SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets.
omarlahmidi

Ethiopia launches mobile money schemes to extend banking reach | Reuters - 0 views

www.reuters.com/...-banking-idUSL6N0VE44020150204

Belcash Africa MobilePayment

shared by omarlahmidi on 13 Feb 21 - No Cached
  • BelCash’s helloCash service could have 2-3 million users this year and 10 million by 2017 or 2018, the firm’s chief executive Vince Diop said, adding that BelCash would receive a fee for each transaction made.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt is important because it shows how effective belcash is. and how an African country is willing to ensure financial inclusion and increase deposits by using financial technology.
  • BelCash’s helloCash service could have 2-3 million users this year and 10 million by 2017 or 2018, the firm’s chief executive Vince Diop said, adding that BelCash would receive a fee for each transaction made.
    • ghtazi
      ghtazi on 13 Feb 21
       
      in this excerpt, we can see that the service can have 10 million users by 2017 or 2018. we can aslo see the belcash would receive a fee for each transaction made.
  • Netherlands-based BelCash is offering a technology called helloCash, while MOSS ICT, mainly owned by an Ireland-based firm, is rolling out M-Birr in the nation of 96 million people.In both cases, Ethiopian banks and institutions will offer the service to customers and hold the cash deposited, in line with government policy that bars foreign firms or banks from investing in the financial sector or the telecoms industry.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article discusses the case of Belcash and M-Birr as two fintechs offering similar services which can lead us to say that M-Birr is a competitor of Belcash in Ethiopia.
  • ...2 more annotations...
  • Bankers say Ethiopia has no more than 1,500 ATM cash machines, while there was just over 2,200 bank branches as of June, or one for every 40,000 people, the central bank says. Only one in 10 people have a bank account.In addition to branches, which are expensive to set up, banks plan to authorise thousands of agents, such as shops or merchants, in line with new regulations. Such agents will be able to take deposits and hand out cash via the mobile system.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      Cashless mobile payment application replace ATMs so that unbanked people can join. Only one out of 10 people is banked.
  • Ethiopian banks and microfinance firms are launching mobile money services, helping reach swathes of the population that now have little access to branches or services, the mobile technology providers and banks said.
    • omarlahmidi
      omarlahmidi on 14 Feb 21
       
      Belcash could make a lot of profit in Ethiopia. It offers a technology called helloCash, that will help customers and offer them a better service.
hindelquarrouti

Deezer to provide collection services via Fawry Pay - Daily News Egypt - 1 views

dailynewsegypt.com/...lection-services-via-fawry-pay

fawry Deezer partnership

shared by hindelquarrouti on 11 Feb 21 - No Cached
  • Deezer platform, which specialises in music broadcasting, has agreed with the electronic payment company Fawry to have the Fawry Pay platform provide payment and subscription services for its various music package
  • Deezer aims to attract music streaming market. Fawry already provides electronic payment services for other entertainment services, such as movie tickets, theatres, and football matches, as well as facilitating ways to pay subscriptions to watch dramas and more
  • Mohamed Okasha, managing director of Fawry, said that the partnership with Deezer aims to attract music streaming market. Fawry already provides electronic payment services for other entertainment services, such as movie tickets, theatres, and football matches, as well as facilitating ways to pay subscriptions to watch dramas and more
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      Fawry has collaborated with Deezer to make it easier for clients to pay than before.
  • ...5 more annotations...
  • with the increasing demand for Deezer, it has become important to offer fast and easy facilitation of subscription payments. Customers may now pay using their smart device or through its 125,000 participating
  • with the increasing demand for Deezer, it has become important to offer fast and easy facilitation of subscription payments. Customers may now pay using their smart device or through its 125,000 participating
  • with the increasing demand for Deezer, it has become important to offer fast and easy facilitation of subscription payments. Customers may now pay using their smart device or through its 125,000 participating
  • with the increasing demand for Deezer, it has become important to offer fast and easy facilitation of subscription payments. Customers may now pay using their smart device or through its 125,000 participating
  • with the increasing demand for Deezer, it has become important to offer fast and easy facilitation of subscription payments. Customers may now pay using their smart device or through its 125,000 participating
  • chaimaa-rachid on 11 Feb 21
     
    I think it's a good idea that Fawry has partnered with Deezer in order to make payment easier for customers than before.
  • hindelquarrouti on 13 Feb 21
     
    Fawry made a smart partnership with Deezer because it has seen that this later has experienced an increasing demand. Fawry now targets users of music streaming markets as it provides them with electronic payment services.
nouhaila_zaki

My PAGA - transact mobile payments; send cash via mobile; pay bills via mobile. - 0 views

www.mypaga.com/...C48866E180618E0E570B5BE493B-s1

Paga Nigeria Overview

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • We are a team of passionate Africans determined to tackle what we consider a critical issue paramount to Africas development - the availability of financial services to all Africans. Paga was founded early 2009 on the simple belief that the ubiquity of mobile phones can be leveraged to bring financial services to all Africans. We aim to accomplish our mission by working in partnership with select Banks, Microfinance institutions, and all Mobile Network Operators. Innovation is at the core of our company - we strive to develop "appropriate technology" suited for the local markets where we operate. We also work hard to ensure our services are low cost and accessible via our agent network - in doing so we can strive towards universal access. Paga works on the most basic SMS enabled phone and on all mobile networks so customers have the liberty to have their Paga account available at their finger tips regardless of what phone or network they are using. For consumers, our core offering is a money transfer service - with Paga you can send money to anyone with a mobile phone. You can either use Paga by yourself (if you own a Paga account) or by going to any Paga Agent. We also offer several other products such as: buying/sending airtime credits, bill payments, and retail payments. For ultimate convenience we provide several channels for consumers to use Paga - SMS, Online, a mobile application, USSD, or IVR (automated line). Paga Merchant Services allows businesses to collect payment from all spectrums of the population - whether banked or not. By leveraging the Paga e-widget, businesses can integrate a world class online checkout process on their own websites. Businesses can also leverage our agent network to collect payment for goods and services or provide customers the convenience of paying via SMS or online at Pagas customer portal. Our current services are the beginning of a journey. Through our innovation lab "Paga labs" and in conjunction with our partners we will continue to develop and deliver valuable offerings to our customers. Together with our partners we will achieve our mission and bring financial services within reach of millions of Africans!
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is an introductory statement of the company Paga, its operations, its goals, its customers, its core offerings, and its innovation programs.
hibaerrai

Fawry Makes Bill Payment Easier for Egyptians | Middle East/Africa Hub - 2 views

newsroom.mastercard.com/...l-payment-easier-for-egyptians

Fawry Egypt E-payments Online Fintech Security

shared by hibaerrai on 11 Feb 21 - No Cached
  • This innovation not only simplifies consumers’ lives, but allows more merchants to become a part of the electronic payments cycle, giving them the opportunity to safely conduct transactions and appeal to consumers who prefer not using cash. We have seen significant growth rates, and have managed to reach up to 1 million transactions per da
  • When we founded Fawry, an electronic bill payment and presentment company, we were very aware of the gap between card usage and the limited acceptance points in Egypt. Our aim was to extend acceptance channels beyond the traditional card acceptance points to make life easier for consumers in Egypt.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      People have considered Fawry's facilities to be very convenient. We can save precious time by using online payments and it also offers ease of use.
  • Fawry’s service is playing a key role in revolutionizing the payment industry in Egypt, a country where only 10% of the population of 85 million people has access to formal banking services.
  • ...2 more annotations...
  • Fawry’s service is playing a key role in revolutionizing the payment industry in Egypt, a country where only 10% of the population of 85 million people has access to formal banking services
  • We started our operations in early 2010 when Fawry enabled convenient and secure bill payments through a single, unified electronic network. Today, the Fawry network is comprised of 40,000 payment service points, including bank ATM machines, Egypt Post offices, pharmacies, supermarkets and convenience stores.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      As Fawry's main goal and purpose is to make financial transactions safer and easier for the customers, I believe that it is bound to gain a larger customer base overtime; new users are attracted by companies and services that put the clientele's best interest as a priority.
  • chaimaa-rachid on 11 Feb 21
     
    People have found Fawry's services to be very convenient. By using online payment we can save valuable time and it also provides ease of use.
  • hindelquarrouti on 13 Feb 21
     
    When Fawry was first established they were well aware of the gap between using card and using online payments, yet they manage to create acceptance for their service. They showed their customers in Egypt that it is much easier using online payments. And now they are revolutionizing the payment industry in Egypt.
nourserghini

Send money to M-PESA accounts in Kenya - 0 views

www.worldremit.com/...m-pesa

Mpesa Mobile-money Kenya Services

shared by nourserghini on 09 Feb 21 - No Cached
    • aminej
      aminej on 09 Feb 21
       
      I believe that M-PESA is one of the most developped and interesting fintechs in Africa and I'm sure it will expand to different places in the world. It a virtual banking system (mobile money service) that offers transaction services through a SIM card on a mobile phone. It is a very safe method of sending and receiving money very fastly and conveniently even for people who live in rural areas which is the case for most of people in the African continent.
  • M-PESA Kenya is an electronic mobile money service that allows you to store, send and receive money on your mobile phone. With an M-PESA account, you can transfer cash and shop for products and services. You can also withdraw cash by visiting an agent (typically in a corner shop) or transfer it to others from your phone. This makes it a quick, safe and simple way to make payments and handle money.
  • M-PESA is a virtual banking system (mobile money service) that offers transaction services through a SIM card on a mobile phone. In Kenya this must be with a Safaricom SIM card. The SIM card is inserted into the card slot of the mobile device and users can receive and store money, as well as make payments and transfer money to vendors and family members using SMS messages.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      M-PESA doesn't require something complex for customers to make use of its services, they just need a SIM card.
  • ...1 more annotation...
  • Why use M-PESA to send money to Kenya?Money is added instantly to M-PESA accounts once payment is approved.Your recipients don’t have to carry large amounts of cash with them, which can be unsafe.There’s no need for your recipient to travel to a pickup location, they will have the money delivered right to their phone. It couldn’t be easier!
    • nourserghini
      nourserghini on 13 Feb 21
       
      This part explains the facility of sending money to Kenya through M-pesa as money is added instantly and is delivered directly to the phone.
ayachehbouni

Kenyan bank launches mobile payments service | ALB Article - 1 views

iclg.com/...unches-mobile-payments-service

shared by ayachehbouni on 13 Feb 21 - No Cached
  • The service will allow customers to send money to bank accounts and mobile wallets in 15 countries, including Uganda, the United Kingdom, India, China and Germany. SimbaPay previously set up a similar service for transfers to Asia with Kenya’s Family Bank in 2018. Africa has been among the most prominent regions for fintech development as users, banks and technology companies have bypassed traditional banking to embrace mobile banking and payment services.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      This partnership with a Uk based company shows that Africa has become the predominant region of the fintech industry. As customer, bank and technology firms have overtaken conventional banking to include mobile banking and payment services,
  • SimbaPay head of operations Victor Karanja said in a statement: “Businesses as well as Kenyans and expatriates with friends and family abroad send over USD 18 billion to other African countries, Asia and Europe annually with several billion Kenya Shillings going through the SimbaPay network.”
  • ...1 more annotation...
  • A partnership with a UK-based company will give Prime Bank customers in Kenya access to mobile payments. Nairobi-headquartered private bank Prime Bank has taken a further step into the fintech market by launching an international money transfer service, in collaboration with London-headquartered company SimbaPay.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      this service will give the possibility to customers to transfer money to bank accounts and mobile wallets in 15 countries. Once again, this is a partnership that will make simbapay's customer base increase.
  • mehdi-ezzaoui on 13 Feb 21
     
    A partnership with a UK-based company will give Prime Bank customers in Kenya access to mobile payments.
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