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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.
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.
aymanelmamoun

SimbaPay launches Kenya to China payment service over WeChat | TechCrunch - 1 views

techcrunch.com/...ina-payment-service-via-wechat

E-Payment Africa FinTech

shared by aymanelmamoun on 12 Feb 21 - No Cached
  • The new product — which piggy-backs on WeChat’s messaging service — is aimed at Kenyan merchants who purchase goods from China, Kenya’s largest import source.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Simbapay developed a third party payment aggregator that enables funds delivery when the buyer and seller both use Wechat
  • Forging another link between Africa and China’s digital economies, the African-focused money transfer startup SimbaPay and Kenya’s Family Bank have launched an instant payment service from East Africa to China.
  • The new product — which piggy-backs on WeChat’s messaging service — is aimed at Kenyan merchants who purchase goods from China, Kenya’s largest import source.
    • aminej
      aminej on 12 Feb 21
       
      SimbaPay offers a new connection between Africa and China for people who buy their goods from there. Kenya is one of the biggest importers of products from China equivalent of 4 billion $ which is huge.
  • ...5 more annotations...
  • SimbaPay transfers funds to 11 countries — nine in Africa then to China and India. “Early next year we’ll increase this to 29 countries,” said Sagini. This includes offering the WeChat China payment service elsewhere in East Africa.
    • ghtazi
      ghtazi on 13 Feb 21
       
      I like how simbapay finds its way through the African market and will increase the countries where customers can transfer funds from 11 to 29.
  • SimbaPay and Family Bank will generate revenues on the WeChat-based transfer service through a fee share arrangement on transactions. “We have a sliding scale of charges [for the service]. For example, to send the equivalent of $80 will cost $3.50,” said Sagini.This presents a significant reduction of fees and opportunity cost for Kenyan traders who import from China, according to Sagini and Family Bank.Current available payment methods to China for Kenyan businesses are less secure and more expensive options, such as traditional money transmitters (Western Union), SWIFT and off the grid services, according to Sagini and Family Bank Chief Operation Officer (COO) Godfrey Kamau Kariuki.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is very important because it explains how SimbaPay plans on promoting Sino-Kenyan trade: reduction of fees and opportunity costs for kenyan traders importing from China through a partnership with the chinese WeChat.
  • “Kenya imports about $4 billion goods from China. That’s the total market that we’re getting into. We’re looking at a single digit market share of the transactional volume around that,” SimbaPay co-founder Sagini Onyancha told TechCrunch.“The users [of the new product] are primarily small Kenyan businesses, that import phones, gadgets, electronics…small to medium size traders who import goods from China,” he said.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it explains the reasons underlying SimbaPay's decision to launch an instant payment service from East Africa to China. Indeed, exchanges between Kenya and China are huge, and SimbaPay attempts to capitalize on this market. The potential users of this service are expected to be Kenyan small to medium-size business owners who import electronics from China.
  • SimbaPay and Family Bank estimate over seven million customers and businesses will be able to access their China WeChat payment service, based on projections of Kenya’s current SMEs.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this estimation can be reached because of the huge customer portfolio that china has. Plus kenya is known to be one of the main importers from China
  • SimbaPay and Family Bank will generate revenues on the WeChat-based transfer service through a fee share arrangement on transactions. “We have a sliding scale of charges [for the service]. For example, to send the equivalent of $80 will cost $3.50,” said Sagini.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      Reducing fees and opportunity cost for Kenyan traders importing from China is a very crucial step to Family Bank.
  • mehdi-ezzaoui on 13 Feb 21
     
    Forging another link between Africa and China's digital economies, the African-focused money transfer startup SimbaPay and Kenya's Family Bank have launched an instant payment service from East Africa to China.
nourserghini

How to Send Money to or From Kenya Using SimbaPay - Africa Money Transfers - 0 views

africamoneytransfers.com/...simbapay-kenya

Simbapay Services Kenya

shared by nourserghini on 13 Feb 21 - No Cached
  • How to Send Money with SimbaPayThere are several options that one can use to send money to and from Kenya with SimbaPay. By partnering with various financial institutions in the country, SimbaPay has eased international money transfers.Option 1: Using the SimbaPay appAll you need to do is to download the SimbaPay app either on Google Play or App Store. Input the needed details including the amount you intend to send and the recipient’s information. You can choose to pay via a debit card or by a bank account transfer.
    • nourserghini
      nourserghini on 13 Feb 21
       
      The full article includes a lot of information about Simbapay in general. This part explains the options customers have when using Simbapay which are using the Simbapay app from Google Play or App store, mobile money and Instaweb.
mehdi-ezzaoui

SimbaPay is now processing money transfers to Ghana and Uganda | TechCabal - 1 views

techcabal.com/...-transfers-to-ghana-and-uganda

SimbaPay payments transfer money Fintech

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • Money transfer company, SimbaPay, has expanded its services to Ghana and Uganda. This means that SimbaPay users living in Europe can transfer money to their loved ones via mobile money or their bank accounts. SimbaPay users with a bank account or debit card can use the service to securely make money transfers. The transfers are credited to recipients immediately or after 3 days depending on which option the user selects. Recipients can then access the money through mobile money channels or via their bank accounts.
  • mehdi-ezzaoui on 13 Feb 21
     
    Simbapay has expanded its services to Ghana and Uganda. This means that SimbaPay users living in Europe can transfer money to their loved ones via mobile money or their bank accounts.
nouhaila_zaki

SimbaPay: About | LinkedIn - 0 views

www.linkedin.com/...about

SimbaPay Kenya Overview

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • SimbaPay is an award winning mobile app transforming the international remittance space. With a focus on extreme speed, convenience and constant innovation. Customers are able to send money to loved ones or even merchants, from wherever they are at any time of day or night. The company is headquartered in London and can be found online at www.SimbaPay.com SimbaPay is licensed and regulated by the Financial Conduct Authority.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      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.
sawsanenn

Prime Bank, SimbaPay to launch international money transfer service - ThePaypers - 0 views

thepaypers.com/...oney-transfer-service--1245614

FinTech E-payments Kenya

shared by sawsanenn on 13 Feb 21 - No Cached
  • Through the digital platforms, Prime Bank aims to make available a one stop solution to its customers in terms of funds transfer. With the inclusion of SimbaPay, the customers will be able to send money to friends and family across the world using their mobile phones.
    • ghtazi
      ghtazi on 13 Feb 21
       
      it is very smart from simbapay to allow people, even those that are unbanked, to do send money to friends and family. If you have a smart phone the App is for you.
  • Kenya-based Prime Bank has partnered with UK-based FinTech SimbaPay, to launch an instant international money transfer service via the bank’s digital platform PrimeMobi.Through SimbaPay, Prime Bank customers will be able to send money directly to bank accounts or mobile wallets across 15 countries in Africa, Europe, and Asia including India, United Kingdom, China, Germany, and Uganda, among others.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces the partnership between Prime Bank and SimbaPay, which is intended to facilitate international money transfer through a digital platform PrimeMobi. Over 15 countries all over the world are expected to benefit from the ability to send money to either mobile wallets or bank accounts.
  • 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.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt shows how simbapay works and the procedure for customers who want to join the app. It is thoughtful from their side to make it easy for everybody
sawsanenn

SimbaPay - Katapult Accelerator - 0 views

katapultaccelerator.com/...simbapay

FinTech E-payments Kenya

shared by sawsanenn on 12 Feb 21 - No Cached
  • SimbaPay is revolutionizing the $64 billion cross border payments market in Africa by allowing the diaspora community to send money directly to the banked and the unbanked at a 1/3rd of the cost of typical solutions used today. Using only the recipient’s phone number, SimbaPay’s technology ensures that payments are delivered within seconds to the recipient’s preferred mobile or bank account.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      SimbaPay sends money directly to the banked and the unbanked using only the recipient's phone number
  • SimbaPay is revolutionizing the $64 billion cross border payments market in Africa by allowing the diaspora community to send money directly to the banked and the unbanked at a 1/3rd of the cost of typical solutions used today. Using only the recipient’s phone number, SimbaPay’s technology ensures that payments are delivered within seconds to the recipient’s preferred mobile or bank account.
    • ghtazi
      ghtazi on 13 Feb 21
       
      What we can say is that is very smart to use only the mobile phone to do a transfer of money. Banked and Unbanked people could benefit from this app. As we know there is still 1,7 billion people in the world that are unbanked, I found this move very smart.
  • SimbaPay is revolutionizing the $64 billion cross border payments market in Africa by allowing the diaspora community to send money directly to the banked and the unbanked at a 1/3rd of the cost of typical solutions used today. Using only the recipient’s phone number, SimbaPay’s technology ensures that payments are delivered within seconds to the recipient’s preferred mobile or bank account.
  • ...1 more annotation...
  • SimbaPay is revolutionizing the $64 billion cross border payments market in Africa by allowing the diaspora community to send money directly to the banked and the unbanked at a 1/3rd of the cost of typical solutions used today. Using only the recipient’s phone number, SimbaPay’s technology ensures that payments are delivered within seconds to the recipient’s preferred mobile or bank account.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Simbapay is making a very good move by allowing the African community to be familiarized with digital platforms, it is a good step to make Africa more developed
sawsanenn

SimbaPay - Show them you care - Start - 0 views

get.simbapay.com

FinTech E-payments Kenya

shared by sawsanenn on 13 Feb 21 - No Cached
    • ghtazi
      ghtazi on 13 Feb 21
       
      simbapay has a competitive exchange rate, it has instant delivery and you can do it whenever and wherever you want. With this app you can send money, track transfers, check exchange rates. And all of that can be done with high security.
  • SimbaPay uses advanced security technology and leading global partners to ensure the safety and security of your data and transaction
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces SimbaPay's partners, which can be a reflection of the scope of its operations and influence in the region.
  • WHY CHOOSE SIMBAPAY? A few reasons to send with us FROM ZERO FEES And competitive exchange rates INSTANT DELIVERY Direct to Mobile Money(M-Pesa, MTN, WeChat, etc)& Bank Accounts ANYTIME Money transfer at your convenience
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is very important because it enumerates the three main assets of SimbaPay, which make up its competitive advantage: 1. No fees and competitive exchange rates, 2. Instant delivery thanks to mobile money and bank accounts, 3. the transfer of money can take place at anytime the customer would want, which provides him/her with flexibility and freedom.
  • ...1 more annotation...
  • WHY CHOOSE SIMBAPAY? A few reasons to send with us FROM ZERO FEES And competitive exchange rates INSTANT DELIVERY Direct to Mobile Money(M-Pesa, MTN, WeChat, etc)& Bank Accounts ANYTIME Money transfer at your convenience
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      By making these transactions cheap and fast, Simbapay can attract more customers since these are the characteristics that each customer is looking for
sawsanenn

SimbaPay | F6S - 0 views

www.f6s.com/simbapay

FinTech E-payments Kenya

shared by sawsanenn on 13 Feb 21 - No Cached
  • Customers can also use our bill settlement technology to pay merchants in Africa such as universities, mortgage providers, hospitals, utility companies etc. Payments are instant and we cut out the 'middle-man' thus reducing transaction costs for the customer.
  • Customers can also use our bill settlement technology to pay merchants in Africa such as universities, mortgage providers, hospitals, utility companies etc. Payments are instant and we cut out the 'middle-man' thus reducing transaction costs for the customer.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Simbapay permits its users to use their technology to pay merchants in Africa and promises an instant payment, and reduce the transaction costs.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      The excerpt is important because it provides us with an overview oof product/service offerings from SimbaPay. The main objective of SimbaPay seems to be cutting out the middle man, and reducing the transaction costs that customers used to pay for before.
  • We offer additional services to Diaspora such as opening bank accounts back home using our app. This initiative won us the Demo Africa 2015 award and has seen strong interest thus far. We are also working on offering other Diaspora services such as insurance for relatives back home and P2P lending from Diaspora to borrowers back in Africa.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it complements the previous paragraph, as it introduces another set of services offered by SimbaPay. These services targetted towards the Diaspora are core to what SimbaPay proposes to customers.
  • ...1 more annotation...
  • We let customers send money to family and friends in Africa in a fast, convenient and cheap way. Users in the UK & Europe can use our app to have money delivered instantly to mobile wallets or bank accounts of their loved ones in Africa.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      It is a good and trustworthy way to send money to Africa. the fact that they make the transaction cheap can give simbapay a competitive advantage
mehdi-ezzaoui

SimbaPay launches purely SMS-based Money Remittance option for Feature Phone users powe... - 1 views

innov8tiv.com/nce-option-feature-phone-users

SimbaPay Kenya payments service

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • he London-based digital money transfer services SimbaPay has now launched a new money remittance services that will purely operate via SMS. That means even people with no internet and using just a feature phone can now use SimbaPay to send or receive money. This is a huge step for the company, as it now enters a bigger pool of users, both with smartphones plus internet access combined with those without smartphones and/or not internet access. The new SimbaPay SMS money remittance services went live yesterday, and now users from around the world can use the service on any device from anywhere via the good-old SMS. The new SMS service is powered by artificial intelligence that has seen SimbaPay integrate a chatbot at the other end of the user.
  • mehdi-ezzaoui on 13 Feb 21
     
    new feature in simbapay service
nourserghini

Flutterwave, Simbapay, Mergims, Sawapay And Sendwave: 5 Remittance Specialists! - 0 views

apps-for-money-transfer.com/flutterwave-simbapay

SimbaPay remittance competitors customers Kenya Nigeria

shared by nourserghini on 07 Feb 21 - No Cached
  • Flutterwave and Simbapay are shining examples of this recent development. With Mergims, Sawapay and Sendwave in their back chasing them.
    • nourserghini
      nourserghini on 07 Feb 21
       
      The article shows that SimbaPay's competitors are Flutterwave, Mergims, Sawapay and Sendwave.
  • Founded by Nyasinga Onyancha, Simbapay is in London and caters to Kenyan and Nigerian recipients.Countries that can use the service include; the UK, Ireland, Italy, Spain, France and Germany.The platform allows money transfer to a bank account and mobile wallet like M-pesa, Paga or Airtel Money.
    • nourserghini
      nourserghini on 07 Feb 21
       
      The article shows that SimbaPay customers can reside in the UK, Ireland, Italy, Spain, France and Germany while recipients are Kenyans and Nigerians.
mehdi-ezzaoui

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

techcabal.com/...e-uk-to-nigeria-at-zero-charge

SimbaPay payments transfer money

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • 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.
  • mehdi-ezzaoui on 13 Feb 21
     
    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.
hibaerrai

SimbaPay chatbot powers international remittance payments - 0 views

www.finextra.com/...ernational-remittance-payments

shared by hibaerrai on 13 Feb 21 - No Cached
  • SimbaPay – a London based digital money transfer provider – today announced the launch of an AI (Artificial Intelligence) powered chatbot service which now makes International Money Transfer (remittance) possible with only an SMS. The SimbaPay chatbot will also enable 24/7 instant customer service for its customers across Africa and Europe.“We’re thrilled at the prospect of the chatbot service resolving most customer enquiries instantly at any time of day or night” said Daniel Howard, CTO for SimbaPay. “Another major objective we achieved with the chatbot service is that it also works without internet. This means customers with a mobile phone, even a basic phone without internet access, can access the SimbaPay chatbot using SMS”.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      SimbaPay allow users to send and get remittances from their families all day everyday anytime in Africa and Europe. You only need to send an SMS in any phone.
ayachehbouni

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

www.businessdailyafrica.com/...igital-money-transfer--2133434

shared by ayachehbouni on 13 Feb 21 - No Cached
  • 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
      mbellakbail69 on 13 Feb 21
       
      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
      ayachehbouni on 13 Feb 21
       
      The strength of simbapay come from the ease of use of the platform.
sawsanenn

(2) SimbaPay: Overview | LinkedIn - 0 views

www.linkedin.com/...simbapay

FinTech E-payments Kenya

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

Prime Bank launches SimbaPay - International Money Transfer Service | Value Added Servi... - 0 views

www.biztechafrica.com/...16250

shared by mbellakbail69 on 13 Feb 21 - No Cached
  • Prime Bank, a leading 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.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, the company said in a media statement.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article reveals a new service offered by Simbapay with the partnership of the kenyan Prime Bank to provide instant money transfers to 15 countries through the PrimeMobi platform.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      Via SimbaPay, customers in Africa, Europe and Asia, including India, the United Kingdom, China, Germany and Uganda, are now in a position to transfer cash immediately and safely to bank accounts or mobile wallets.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      Via SimbaPay, customers in Africa, Europe and Asia, including India, the United Kingdom, China, Germany and Uganda, are now in a position to transfer cash immediately and safely to bank accounts or mobile wallets.
nouhaila_zaki

SimbaPay - Easy Money Transfer to Kenya - 0 views

www.simbapay.com/default_ke

SimbaPay Kenya Overview Business Model

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • SimbaPay is PCI DSS compliant and certified. PCI standards mandates the increase if controls around cardholder data to help eliminate credit card fraud. So rest assured your card details are safe and secure with us.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects the efforts undertook by SimbaPay in order to eliminate fraud (here credit card fraud) and ensure security.
  • We are compensated for the foreign exchange risk we take given we offer our customers fixed exchange rates. Market exchange rates do change every second, however we understand out customers prefer knowing exactly how much they have to pay and exacty how much their loved ones will receive.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is excellent at introducing us to the way in which SimbaPay is making a profit without charging fees on money transfers. This is an explanation of how their business model works.
sawsanenn

Simbapay - Prime Bank - 0 views

www.primebank.co.ke/...simbapay

FinTech E-payments Kenya

shared by sawsanenn on 12 Feb 21 - No Cached
  • RECEIVE COUNTRIES Send money to recipients in these countries ASIA: China, IndiaEUROPE: Austria, Belgium, France, Germany, Italy, United Kingdom, Portugal, Spain, TurkeyAFRICA: Burundi, Rwanda, Tanzania, Uganda, MadagascarCOMING SOON: Canada, USA & Australia among other countries
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Countries that are recipients to SimbaPay
  • Send money to recipients in these countries ASIA: China, IndiaEUROPE: Austria, Belgium, France, Germany, Italy, United Kingdom, Portugal, Spain, TurkeyAFRICA: Burundi, Rwanda, Tanzania, Uganda, MadagascarCOMING SOON: Canada, USA & Australia among other countries
    • ghtazi
      ghtazi on 13 Feb 21
       
      Simbapay can send money to recipients in these countries: Asia, Europe, Africa coming soon: Canada, USA & Australia among other countries.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is good at introducing the countries that can receive money sent through SimbaPay. This also reflects the geographical scope of SimbaPay's operations.
  • Through SimbaPay’s international money transfer solution, you will now be able to send money directly to bank accounts or mobile wallets in 16 countries across Africa, Europe, and Asia, instantly and securely.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt introduces SimbaPay's international money transfer solution, launched after the partnership with Prime Bank. It also shows the initiative's scope of operations (16 countries from 3 different continents).
  • ...1 more annotation...
  • RECEIVE COUNTRIES Send money to recipients in these countries ASIA: China, IndiaEUROPE: Austria, Belgium, France, Germany, Italy, United Kingdom, Portugal, Spain, TurkeyAFRICA: Burundi, Rwanda, Tanzania, Uganda, MadagascarCOMING SOON: Canada, USA & Australia among other countries
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt shows countries that simbapay is working with, plus the countries that will soon join the company. It will allow them to attract new customers from east
nourserghini

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

www.fxcompared.com/...a-china-money-transfers-easier

Simbapay Services Remittance Customers

shared by nourserghini on 13 Feb 21 - No Cached
  • 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
      nourserghini on 13 Feb 21
       
      This article states that seven million clients in Kenya use Simbapay to internationally transfer money, which is an important number of customers.
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