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kenza_abdelhaq

Hello Paisa steps into conversational commerce: WhatsApp Business - 0 views

  • Hello Paisa’s solution to the problem is its easy-to-use money remittance app that enables customers to send cash to countries across the world in a manner that is affordable, fast and safe. With the Hello Paisa app, all you need is an active account and your mobile phone to easily create a transaction and send money home instantly.The high cost of data, however, remains a factor that prevents many customers from accessing the app.The solution: WhatsApp Business API. By using the WhatsApp Business solution, Hello Paisa customers can now initiate transactions via WhatsApp, thus taking a ground-breaking step into conversational commerce!From the comfort of an already utilised platform, Hello Paisa customers can now conveniently, easily and cost-effectively initiate transactions, obtain exchange rates, view transaction history, create or delete a recipient, and refer a friend.
    • kenza_abdelhaq
       
      To enhance customers' experience, HelloPaisa incorporated WhatsApp Business API solution to its already existing application. New services and functionalities have therefore been made available to the platform's customers.
aminej

Egyptian stock trading platform Thndr receives brokerage license | Enterprise - 0 views

  • STARTUP WATCH- Cairo-based investment platform Thndr was awarded Egypt’s first new brokerage license since 2008, according to a company statement (pdf). The mobile-first equities trading platform offers three zero-commission plans, including one unpaid scheme and two plans priced at EGP 15 and EGP 55 per month. Thndr secured a pre-seed funding round last December from Y-Combinator, 4DX Ventures, Endure Capital, the Raba Partnership, and MSA Capital, Co-founder and CEO Ahmad Hammouda (Uber Egypt’s former general manager) said, without disclosing the size of investment.
    • aminej
       
      It's good to see that these Fintechs are actually licensed by brokerage firms which shows that they are well regualted by other official platforms
mohammed_ab

Pula Secures Funding from Global Investors to Support Smallholder Farmers in Africa and... - 0 views

  • At Pula, we are radically restructuring agricultural insurance, using technology to insure the previously unbanked, uninsured, untapped market of 1.5 billion smallholders worldwide. We work in nine countries across Africa and Asia, and in 2017 alone, we facilitated crop and livestock insurance cover to 611,000 farmers in Kenya, Rwanda, Uganda, Nigeria, Ethiopia and Malawi.
    • nourserghini
       
      Pula serves many African countries such as Ethiopia, Kenya, Rwanda, Uganda, Nigeria and Malawi.
  • Pula uses satellite data and farm yield measurements to understand how weather patterns affect a smallholder farmer’s yield, and uses this information to automate compensation in case of loss. The company also provides farmers with targeted agronomic advice via SMS messaging, helping them grow more from their existing landholdings.
  • Insurtech startup Pula announced today that it has closed a seed funding round to advance its efforts to provide insurance to smallholder farmers in Africa and South Asia.
  • ...1 more annotation...
  • This injection of funds will enable Pula to invest further in its technology platform and service offerings.
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    I like the way Pula uses the latest technology in order to understand the weather and the possible problems that farmers might find. This is a very good strategy because farmers feel that Pula is doing its best to deliver the best insurance possible for them.
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    This excerpt shows that Pula has secured new funding to invest more in its technology. This is good news for its customers as they will benefit from better technology and more product offerings.
samielbaqqali

MTN Group | World Economic Forum - 1 views

  • MTN has 232 million mobile subscribers and 20 million mobile money subscribers throughout operations in Afghanistan, Benin, Botswana, Cameroon, Côte d’Ivoire, Cyprus, Ghana, Guinea Bissau, the Republic of Guinea, Iran, Liberia, Nigeria, the Republic of Congo (Congo-Brazzaville), Rwanda, South Africa, Sudan, South Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. MTN’s vision is to lead the delivery of a bold new digital world by building a best-in-class experience for customers.
  • Founded in 1994, the MTN Group is a pan-African mobile and telecommunications operator.
  • MTN is headquartered in Johannesburg, South Africa, and listed on the JSE Securities Exchange under share code MTN.
  • ...1 more annotation...
  • MTN is headquartered in Johannesburg, South Africa, and listed on the JSE Securities Exchange under share code MTN.
    • samielbaqqali
       
      The performance of MTN indicates that individuals believe in digitalization. People have recognized that the planet is heading towards a digital future and want to get acquainted with the latest technology, and MTN is a perfect example of that.
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    MTN success shows that people do believe in digitalization. People did accept that the world is heading towards a digitalized future and want to get familiar with the newest technologies and MTN is a great example of that.
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    MTN is a telecommunications operator that was founded in 1994, which was successful as I believe it has predicted that fintech is the future of financial services
samielbaqqali

MTN proceeds with ATC Ghana sale - 1 views

  • In its full year 2019 financial results, MTN saw revenue grow 9.7%, while service revenue increased 9.8% and subscriptions grew by 18.2 million to reach 251 million. Further, the group’s chief executive Rob Shuter, announced he will step down at the end of his current contract, in 2021.
  • Nigerian telecom operator MTN has received regulatory approval for the sale of its 49% stake in ATC Ghana. The sale is expected to generate $384 million with funds due to be transferred over the coming week. It follows the sale of MTN’s 49% stake in ATC Uganda.
    • samielbaqqali
       
      Even if it's a profitable one, MTN is still a growing sector. I assume that many startups will be motivated by MTN to enter the Fintech market!
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    MTN is still a growing business even though it's a successful one. I think that MTN will inspire many startups to enter the Fintech market!
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.
nourserghini

Bismart Insurance | DO4AFRICA - 0 views

  • Created in 2017, Bismart is a leading Kenyan insurance aggregator, leveraging on digital platforms and technologies to connect customers to the best insurance and investments solutions available in the market. It offers clients education and the ability to compare and buy premier insurance and investment solutions at the convenience of their palms. Bismart secured incubation from Standard Chartered and Strathmore University’s Women in Tech Programme.
    • nourserghini
       
      This article explains Bismart's business and also informs about an incubation of Bismart from Standard Chartered and Women in Tech program at Stathmore University which can be helpful for further research.
mohammed_ab

Mastercard invests $3m in African financial inclusion - FinTech Futures - 0 views

  • The Mastercard Foundation Fund for Rural Prosperity (FRP) is investing $2.8 million in three companies from Burundi, Malawi, and Uganda to support projects that expand financial inclusion in rural Africa.
  • The three companies, Prothem Usine, Pula Advisors, and Enviu BV, were selected from among 195 firms that submitted applications to the third phase of the Fund’s 2017/2018 rolling competition. This competition is an effort to find and support scalable financial products and services for rural areas of Africa.
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    The fact that Pula won a funding competition organized by Mastercard FRP where 195 companies were competing for shows the potential the company has. I think that Mastercard understood that Pula is one of the greatest fintech solutions that could expand financial inclusion in Africa.
nourserghini

Leveling the playing field for female entrepreneurs in Africa - Forbes Africa - 0 views

  • A prime example of a digitally savvy WiT cohort member is Bismart Insurance, a web insurance aggregator based in Kenya. Channelling a solution-oriented shift to digital, Bismart Insurance was set up to address and resolve key pain points customers faced when purchasing insurance, including a lack of disclosure of essential information and the absence of a consolidated platform for insurance products. Coupled with its participation in the first WiT Kenya cohort and vision to expand into the digital insurance market, Bismart Insurance efficiently scaled its operations and saw over 100 purchasers by the end of 2017.
    • nourserghini
       
      This is important because it explains exactly the problems in the insurance field that Bismart is trying to solve such as lack of disclosure and absence of platforms. It's also interesting because the article mentions that thanks to Bitsmart's WiT participation, it was able to enhance its digital platform and increase the number of potential purchasers.
chaimaa-rachid

MTN pumps millions into MoMo as it nears 2m users in SA | ITWeb - 1 views

  • According to Kamenga, key success factors of mobile wallets are distribution networks and building an ecosystem around the product to encourage usage and transactions.“These are the areas where the previous deployment was lacking. The new MTN Mobile Money service comes with new innovative features that cater to the current economic landscape and consumer behaviour.
  • The MTN Mobile Money (MoMo) platform is closing in on a total of just over two million users since its relaunch in February.
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    This article emphasizes the importance of a good ecosystem and distribution networks for the success of mobile fintech solutions. I liked how the article linked between the telecommunication systems and fintech solutions like MoMo.
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    The new platform (MoMo) has reached 2 million users as it is easy and secure, with no monthly expenses, you can also use it even if you don't have a bank account.
nouhaila_zaki

Egypt's Fawry eyes UAE deal, Saudi and Kuwaiti markets | Reuters - 0 views

  • “We are looking at Arab countries where many Egyptians live whom we can offer many services such as bill payments,” he said. “We hope to enter the Saudi and Kuwaiti markets in 2020,” he added, without giving more details.Okasha said Fawry, which is owned by local and foreign investment funds and dominates the Egyptian market, had no plans to expand to Africa, as speculated by some analysts.“Egypt is a huge market with 100 million people. We don’t find an African market as large as that. We still find big growth chances (in Egypt),” he said.
    • nouhaila_zaki
       
      This excerpt is important because it introduces Fawry's expansion plans to other Arab countries where many Egyptians live i.e. Saudi arabia or Kuwait. It also explains the reasons underlying the refusal to expand in other African markets.
hibaerrai

WorldRemit Raises $175M For Global Expansion | PYMNTS.com - 0 views

  • “In 2018, mobile and online payments to emerging markets reached a record high of $528 billion and we expect this number to increase. As WorldRemit handles a growing share of this market, we look forward to continue working with the company to scale its digital platform and expand its service to reach many new customers across the globe,” TCV General Partner John Doran said in the press release.
    • hibaerrai
       
      WorldRemit acquires huge market shares and is making her way to becoming the first mobile and online payments platform.
nourserghini

Real Time Expense Reporting Software - Abacus - 1 views

  • “Abacus fulfills two requirements that help us make our expense reporting more efficient - a simple interface that helps our employees submit accurate expenses in real time, and powerful rule-based automation that we can customize to our policy so expenses are auto-approved or sent to the best person to review and approve.”Daniel Niccum, CFO, North American Substation Services
    • nourserghini
       
      This shows that Abacus has a simple user interface that allows employees to submit accurate data and the company to assure the implementation of their customized policies, according to its clients.
nourserghini

How little known Abacus is enabling Kenyans to Micro-invest in Securities on the Nairob... - 0 views

  • A new Kenyan startup called Abacus (www.abacus.co.ke) is a licensed data vendor with the Nairobi Securities Exchange(NSE).Its been in existence since 2015 and just early this year,in partnership with Genghis Capital and Chase bank,they began offering subscribers the ability to deposit,buy,sell and trade unit trusts,bonds and equities on their platform.
    • ayachehbouni
       
      Abacus helps investors in African markets make and execute faster, smarter, and more informed decisions by providing real time financial data, news, analysis and analytics tools and market access.
  • A new Kenyan startup called Abacus (www.abacus.co.ke) is a licensed data vendor with the Nairobi Securities Exchange(NSE).Its been in existence since 2015 and just early this year,in partnership with Genghis Capital and Chase bank,they began offering subscribers the ability to deposit,buy,sell and trade unit trusts,bonds and equities on their platform.
    • aminej
       
      Abacus offers very interesting investing opportunities for Kenyans who want to learn about trading through stocks, bonds and other securities. It will also reduce the number of people who are unbanked and encourage them to use these services in order to maximize profit
  • All in all,Abacus allows you to easily get started on the road to investing in the NSE,its available on the web through www.abacus.co.ke and the android app is available on the Google play store,A basic subscriber account is easy to set up and allows one to easily get started with practise trading with virtual funds and realtime NSE data on market open so that one can learn.
    • nourserghini
       
      This article shows that Abacus makes investing easier through its website and android app that allow trading with virtual funds and real market data.
kenza_abdelhaq

Safaricom is Testing a Standalone M-PESA App - 0 views

  • Safaricom appears to be developing an M-PESA app following the publication of a similarly named app in Google Play Store. The app, which has been downloaded more than 10K times, is anything but what you already seen in the current mySafaricom app.
    • kenza_abdelhaq
       
      The development of M-Pesa application by Safaricom.
kenza_abdelhaq

How to reverse a wrong M-PESA transaction - HapaKenya - 0 views

  • There are a few ways in which you can reverse the transactions when they happen, and a good chance to get your money back.
    • kenza_abdelhaq
       
      There are many ways to reverse any transaction on the M-Pesa platform.
chaimaa-rachid

WorldRemit expands to Algeria - 0 views

  • “According to the World Bank, over 80% of the Malawian population live in rural areas. Our new partnership offers recipients a variety of convenient cash pickup locations across the country, and our digital model drives down the cost of remittances as senders do not have to visit a traditional offline money agent.”
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    WorldRemit is improving consumer loyalty by presenting new services that permit advanced fund transfer.
nourserghini

Online Loans In Ghana Without Collateral - 0 views

  • With Carbon, all loan requests, processes and payments are done via their android platform mobile app.You can borrow from as low as 5 cedis to as high as 1,000 cedis without the need to provide a collateral.All that is required of you as a loan applicant is your bio-data, your photograph, information about your employment and the loan amount you want.Once your loan has been reviewed and you pass the review process, your money is sent via the mobile wallet you applied with.
    • nourserghini
       
      This article explains that Carbon only operates with an android platform, that its credit offer has a minimum and maximum amount and that few informations are necessary for the loan application.
samielbaqqali

(PDF) Mobile payment in Fintech environment: trends, security challenges, and services - 0 views

  • Also by making payments through encrypted one-time token information, information is not exposed externally and by supporting a separate Secure Element (SE) that can independently and securely store sensitive information, security was improved.
    • samielbaqqali
       
      Fawry should make payments through encrypted one-time taken information in order to improve security.
chaimaa-rachid

WorldRemit raises $175M at $900M+ valuation to help users send money to contacts in eme... - 0 views

  • WorldRemit, the London startup that has focused on enabling competitively-priced, quick money transfers from migrant workers and immigrants living in developed countries back home, typically in developing countries, has raised $175 million in a Series D round of funding from TCV, Accel and Leapfrog.
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    In this article, we can notice that the company has grown and I think it will maintain this growth as people are satisfied with its services.
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