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kenzabenessalah

Cassava Fintech | Gauteng - 0 views

  • Cassava FinTech is a pan-African business using an integrated model to drive financial inclusion and digital transactions across the continent. Our core operations in Mobile Money, Social Payments Services, Digital Banking, International Remittances and Mobile Micro Insurance with presence in Zimbabwe, South Africa, Burundi, Lesotho and UK and partnerships in other African countries.
    • kenzabenessalah
       
      The fact that Cassava made partnerships with Zimbabwe, South Africa, and other African countries means that it is targeting different segments bit by bit which is a plus for the company.
aminej

South Africa's Online Marketplace For Home Loans | MortgageMarket - 0 views

  • We’re here to give you the best home buying experience through convenience, transparency and choice…while you make the most important purchase of your life- buying your home.
    • aminej
       
      I love this service since it helps you know which banks offers the lower interest rates for a credit on a house which is really interesting since most people do not have time to go over different banks and keep asking about the interest rates. It also give you advice on how to pay off your house early.
hindelquarrouti

South African fintech JUMO to expand in Asia with Goldman Sachs backing - 1 views

  • South Africa-based financial technology firm JUMO plans to expand in high-growth Asian markets after securing the backing of Goldman Sachs GS.N in an equity funding round, the company's chief executive said.
  • Since its founding in 2014, JUMO, which helps individuals and small businesses access savings and credit products through their mobile devices, has mainly focused on Africa where the adoption of mobile money has transformed the banking landscape.
  • JUMO uses behavioural data such as mobile telephone use to help financial services providers and mobile network operators assess lending risk and tailor financial products to those living in developing countries where credit information is scarce.
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  • Since its founding in 2014, JUMO, which helps individuals and small businesses access savings and credit products through their mobile devices, has mainly focused on Africa where the adoption of mobile money has transformed the banking landscape.
  • More than 9 million people have saved or borrowed using JUMO technology since it was launched in 2014. The platform has originated over $700 million in loans and manages over 25 million customer interactions per month, the company said.
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    African companies gain more fame and improve their brand names while expanding their businesses into other continents.
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    JUMO offers financial services to individuals who do not have access to these services. It also provides a reliable and inexpensive option for local unregulated lenders.
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    As it targets low-income people, Jumo has focused a lot on Africa, and it has provided its users with credits and saving options using mobile devices. This company is characterised by using behavioural date in order to help financial services providers to asses lending risks because credit information are usually minimal
hindelquarrouti

Enhancing-the-Entrepreneurship-Framework-in-South-Africa-International-Journal-of-Entre... - 0 views

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    Fintech is becoming the biggest sector in Africa, and companies like Jumo are benefiting from it as they are targeting an unsaturated market rich of unbanked people that need inclusion.
nouhaila_zaki

Mama Money - New Transfer Providers | Digital Frontiers Institute - 0 views

  • So how does Mama Money offer their service at 5% whereas Mukuru, arguably the most popular service over the South Africa-Zimbabwe corridor, charges double this? From our experience of testing these two services, we noted a few key differences in how they operate which is likely to drive the cost differential between the two services. These differences include: · Mama Money maintain low overhead costs. Mama Money operate a single branch in Cape Town whereas Mukuru operate at least seven of their own branches nationally and they also operate through the Inter Africa branch network · Mama Money offer limited support beyond registration. In comparison, Mukuru operate a large 24 hour call centre and live chat function that supports and facilitates transfers. These support functions are no doubt very expensive to operate · Mama Money have a single partner organisation in Zimbabwe. Mama Money only have a single partner in Zimbabwe, CABS bank, whereas Mukuru have partnerships with a number of banks, retailers and mobile wallets. That said, if Mama Money’s Facebook comments are anything to go by, they may be adding more partner organisations in Zimbabwe, so this factor may soon be invalidated So while Mama Money’s competitors charge considerably higher fees, in the case of Mukuru, these higher fees are associated with some value-added benefits for the customer, for instance 24hr support on transactions for the sender and, for the recipient, a choice in how to receive the money.
    • nouhaila_zaki
       
      This excerpt explains how one of Mukuru's competitors Mama Money manages to charge lower commission fees (only 5% for Mama Money, and 10% for Mukuru). This could become an opportunity for growth for Mukuru who can attempt to find ways to cut its commission fees to attract more customers while maintaining its high quality and diversifying towards other services/products to gain more profit elsewhere.
aminej

Easy Equities - Ince Communications Agency - 0 views

  • EasyEquities is an investment platform specialising in fractional investing. With the democratisation of technology and the rise of the Internet of Things, investing now has too become democratised. With EasyEquities, you can now enjoy the economic benefits of buying whole shares (price dividends and other corporate actions) through the purchase of fractional shares. Fractional shares – indicative of the democratisation of investment opportunities – are fractions of whole shares purchased at no minimum cost. Once you acquire fractional shares through the EasyEquities platform, you earn Fractional share rights (FSRs). As you make further investments in FSRs and ultimately end up with a whole share, the whole share is delivered to you. EasyEquities gives you the opportunity to enjoy the same diversification benefits through fractional shares as you would have with a large share portfolio, making every Rand and Cent count
    • aminej
       
      I think that the strategy chosen by EasyEquities here is to lead the South African trading market by providing a plateform with 0 costs in which you can trade and invest. They also facilitate trading through this plateform instead of going to the stock exchange market so it is very innovative. They also want to educate a large part of the South African population to know more about investing and trading in a smart way
nourserghini

About Carbon - Africa's Leading Digital Bank - 0 views

  • We empower individuals with access to credit, simple payments solutions, high-yield investment opportunities and easy-to-use tools for personal financial management. Carbon is headquartered in Lagos, Nigeria. We are a global company of over 90 employees with operations in Nigeria, Ghana and Kenya
    • aminej
       
      It is one of the best payment and fastest loan platform with lower interest rates, very reliable for investment and transact as quick as texting of messages. Many customers recommend it across Africa which shows how good they are.
  • Carbon is a financial service provided by Carbon Finance & Investments Limited (RC 1044655), licensed and regulated by the Central Bank of Nigeria (CBN). We empower individuals with credit, simple payments solutions, high-yield investment opportunities, and easy-to-use tools for personal financial management. We are a global company of over 90 employees with a presence in Mauritius, Nigeria, the United Kingdom, United States, Canada, South Africa, and Kenya.
    • nourserghini
       
      Carbon is a service of Carbon Finance and Investment that started in Nigeria and extended its services to Ghana in our case and other countries such as the US, the UK, south Africa etc. It encourages lending and offers simple payment procedures, investing and financial management.
mohammed_ab

SA watches as brokers fight it out - The Mail & Guardian - 0 views

  • One digital financial services provider, EasyEquities, is offering super-cheap prices in the hope of reeling in first-time and younger investors. The company charges 64c for R100 invested. “You won’t find cheaper,” its website claims boldly. In South Africa, that is most certainly true. EasyEquities also requires no minimum investment amount and there are no monthly account fees.
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    The competitive advantage of EasqyEquities is its cheap commission fees.
tahaemsd

SA's Lumkani closes seed funding round from Accion, 4Di - 0 views

  • South African startup Lumkani, which addresses the challenge of fire safety in informal settlements through a combination of early-warning fire detection technology and financial services, has closed a seed funding round to provide insurance coverage to low-income consumers.
    • tahaemsd
       
      providing south africans who are living in informal settlements access to financial services that have previously not been on the market.
sawsanenn

M-PESA | Innovations for Poverty Action - 1 views

  • M-Pesa (M for mobile, pesa is Swahili for money) is a mobile-phone based money transfer and microfinancing service, launched in 2007 by Vodafone for Safaricom and Vodacom, the largest mobile network operators in Kenya and Tanzania. It has since expanded to Afghanistan, South Africa, India and in 2014 to Eastern Europe. M-Pesa allows users with a national ID card or passport to deposit, withdraw, and transfer money easily with a mobile device.
    • kenzabenessalah
       
      Instead of going through the hassle of depositing or transferring money face to face, people can do that through a mobile device.
  • M-Pesa allows users with a national ID card or passport to deposit, withdraw, and transfer money easily with a mobile device.
    • ghtazi
       
      M-Pesa allows users that have a national ID card or passport to use their mobile phones either to transfer money, deposit, or withdraw easily and safely.
  • M-Pesa (M for mobile, pesa is Swahili for money) is a mobile-phone based money transfer and microfinancing service, launched in 2007 by Vodafone for Safaricom and Vodacom, the largest mobile network operators in Kenya and Tanzania. It has since expanded to Afghanistan, South Africa, India and in 2014 to Eastern Europe. M-Pesa allows users with a national ID card or passport to deposit, withdraw, and transfer money easily with a mobile device.
    • sawsanenn
       
      M-Pesa extended its business in different countries and in the different continent which allowed her to attract more customers and grew its business
mehdi-ezzaoui

Entrepreneurs from Ethiopia, Tanzania, Kenya, South Africa and Zimbabwe now fundraising... - 0 views

  • Belcash provides an ICT platform to banks and coordinates the roll out, with special focus on rural areas. LOI with local banks are signed for implementation. The project is advised by a former CEO of a large Dutch Development Bank and 2 international banks sit in the advisory board.
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    Participation of Belcash in the foundraising
omarlahmidi

What SnapScan can do for South African retail businesses - 1 views

  • The overall benefits for businesses and customers include: Safety and security: Customers can pay via their mobile phone and retailers can rest assured knowing that extensive security measures are in place. Speed: It’s fast, as customers simply need to scan the display code at a till point. Convenience: There is no need to carry cash around and paying via SnapScan offers a frictionless experience. Cashless: As customers won’t be using cash, it is easier for businesses to authenticate and formalise transactions. SnapScan is a mobile payments solution with a variety of payment options available for retailers.
  • The overall benefits for businesses and customers include: Safety and security: Customers can pay via their mobile phone and retailers can rest assured knowing that extensive security measures are in place. Speed: It’s fast, as customers simply need to scan the display code at a till point. Convenience: There is no need to carry cash around and paying via SnapScan offers a frictionless experience. Cashless: As customers won’t be using cash, it is easier for businesses to authenticate and formalise transactions. SnapScan is a mobile payments solution with a variety of payment options available for retailers.
    • samielbaqqali
       
      I like the concept of defining SnapScan as a solution for companies looking for a service that is quick and good.
  • SnapScan offers quick, easy, and secure mobile payment solutions to retailers so their customers can enjoy the convenience of paying on the fly. Mobile payments can also mean that staff spend less time processing payments, as SnapScan can be integrated with a variety of leading point-of-sale systems. Businesses that offer delivery services can give their drivers a lanyard with a SnapCode (unique QR code) so customers can pay for goods or services during delivery. Retailers that have an online store can use SnapScan to offer a streamlined and consistent experience to their customers across multiple platforms.
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  • Evolving checkout processes are one of the fastest growing trends in the retail space, as users are demanding better and more flexible shopping experiences and payment processes. Because of this, cashless payments and omnichannel options are becoming the norm, putting forward the business case for mobile payments, as they provide customers with a consistent experience. In fact, retailers that are reconfiguring their systems to accommodate increasing mobile customers – who expect multichannel options which support quick and secure digital payments – are more likely to see a boost in sales and growth.
    • mbellakbail69
       
      SnapScan provides retailers with fast, simple, and safe mobile payment solutions so that their customers can easily enjoy floating payments. Mobile purchases can also result in less workload for workers, as SnapScan can be incorporated into a number of leading points of sale systems.
    • omarlahmidi
       
      With the development of the world, digital solutions must be implemented in order to improve shopping experiences for customers
  • SnapScan offers quick, easy, and secure mobile payment solutions to retailers so their customers can enjoy the convenience of paying on the fly.
  • Evolving checkout processes are one of the fastest growing trends in the retail space, as users are demanding better and more flexible shopping experiences and payment processes.
  • Today every industry, but especially the retail industry, is experiencing pressure to implement digital solutions in order to remain competitive.
  • Evolving checkout processes are one of the fastest growing trends in the retail space, as users are demanding better and more flexible shopping experiences and payment processes.
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    I like the idea of identifying SnapScan as a solution for businesses that are looking for a fast and good service. The business delivers a safe, good and fast service which make it a very useful service. SnapScan is another example that shows Fintech improves our life.
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    I love how Snapscan is constantly creating and innovating to furnish its clients with security and speed while making their mobile payments.
omarlahmidi

Inside SnapScan, SA's app of the year - TechCentral - 2 views

  • The company makes its money by charging a small transaction fee to the retailer on each purchase. This fee varies. “We take a small transaction fee, much like the acquiring component to merchant transactions,” Ehlers says. SnapScan has a partnership with Standard Bank, which means it can process transactions at “competitive rates”, he adds. In addition to transaction fees, SnapScan offers its customers the option of accessing analytics or running loyalty programmes, both of which are billed as add-ons.
  • SnapScan co-founder, 28-year-old Kobus Ehlers, says there are a number of benefits to this approach for retailers. “It takes about 30 seconds to sign up. We issue a QR code, which you print, and you’re done.” Merchants without bank accounts can cash out their takings at the end of the day. “Customers can pay with the app, the retailer can then get a voucher code at the end of the day that they can punch in at a Standard Bank ATM — or hand over at a Spar — and get cash.” If customers don’t have the app installed, scanning the QR code will take them to the relevant app store where they can download it.
    • samielbaqqali
       
      Low transaction fees are often a strong opportunity to draw customers and this technique is perfectly executed by SnapScan. SnapScan, in my view, plays smart because they deliver a fast and digitalized service with a special QR code technology, so they deserve to win the South African app of the year.
  • If customers don’t have the app installed, scanning the QR code will take them to the relevant app store where they can download it.
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  • To use SnapScan, consumers download the app for Apple, Android or BlackBerry, and add their credit card details by taking a picture of their card and creating a Pin. They can then use the app to scan a QR (quick response) code — a type of barcode — in a store and can make payments.
  • The company makes its money by charging a small transaction fee to the retailer on each purchase. This fee varies. “We take a small transaction fee, much like the acquiring component to merchant transactions,” Ehlers says. SnapScan has a partnership with Standard Bank, which means it can process transactions at “competitive rates”, he adds. In addition to transaction fees, SnapScan offers its customers the option of accessing analytics or running loyalty programmes, both of which are billed as add-ons. The company offers three products. The first is an “instant merchant product” aimed at informal retailers who want their takings in cash. The second is the “standard” product that settles into a bank account like a traditional point-of-sale (POS) unit. The third is an “enterprise solution” designed to integrate with existing POS systems.
  • SnapScan works with debit cards and credit cards, and there are no sign-up, setup or installation fees. There is also no monthly fee payable.
    • aymanelmamoun
       
      SnapScan enters the market by offering many facilities to attract new customers. The application supports both debit and credit cards, no sign-ups or installation fees, and payments are made monthly.
  • SnapScan falls under FireID, the company that now houses six start-up technology businesses, SnapScan being the most recently launched. FireID started life as an information security company specialising in “two-factor authentication” technology for mobile phones. It was funded by billionaire Johann Rupert, through Reinet. Justin Stanford, one of FireID’s co-founders, was instrumental in securing the initial capital injection. However, Stanford was unable to convince Reinet’s investment committee to continue investing and in 2011 it pulled its funding of FireID, forcing the company to lay off its 40 employees.
    • omarlahmidi
       
      To attract customers, SnapScan uses many facilities such as accepting credit and debit cards.
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    The low transaction fees are always a good incentive to attract customers and SnapScan are implementing this strategy perfectly. In my opinion, SnapScan is playing smart because they offer a fast and digitalized service with a unique technology which is QR code, so they deserve to win the app of the year in South Africa.
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    SnapScan offered a digital service. The company has created efficiency and security with its QR code techniques.
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    It is interesting and encouraging to customers the fact that they don't need to pay any sign-up, setup or installation fees in order to benefit from snapscan
mehdibella

JUMO Empowers Asian And African Market With Over $2.5 Billion, Eyes Nigeria, 2 Others - 2 views

  • JUMO also has a mobile wallet technology that offers an easy-to-use service that is accessible via mobile devices.Watkins-Ball commented on the cost-effective technology used to collect information which strengthened the business model, He said: “When we founded JUMO, we were always clear that we can only achieve our mission by leveraging sophisticated information technologies at really low cost.
  • JUMO Empowers Asian And African Market With Over $2.5 Billion, Eyes Nigeria, 2 Others
  • JUMO is one of South Africa’s next-generation fintech companies offering emerging market entrepreneurs financial services.
  • ...5 more annotations...
  • The tech startup was built as a unique platform to help facilitate digital financial services such as credit, and savings in emerging markets, and has handed out over $1.8 billion prior to date since its founding in London in 2015.
    • mehdibella
       
      it has partnered with telecommunications companies, funders, and banks, to create accessible financial tools, and insurance products targeted at entrepreneurs in emerging markets, and also offers accessible financial services to both Asia and Africa's unbanked populations.
  • “We’re optimistic about the  possibilities in these markets and continue to see huge growth  opportunities in Africa, with the potential to replicate our successes  in other markets over the longer term.”
    • mehdibella
       
      Jumo also hopes to explore the Indian, Nigerian, and Ivorian markets in no distant future.
  • JUMO Empowers Asian And African Market With Over $2.5 Billion, Eyes Nigeria, 2 Others
  • JUMO is one of South Africa’s next-generation fintech companies offering emerging market entrepreneurs financial services.
    • samiatazi
       
      Jumo won many awards all over the worlds and grants that will help it as a company to grow and expand its business into other countries
  • The tech startup was built as a unique platform to help facilitate digital financial services such as credit, and savings in emerging markets, and has handed out over $1.8 billion prior to date since its founding in London in 2015.
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    I like the way that JUMO is clear about delivering a great technology with a low cost! I think that Fintechs must act based on this logic.
mehdibella

Mobile payment app for cardless transactions | SnapScan - 0 views

  • DonateSupport the causes close to your heart. You can make a once-off donation, and even elect to repeat your donation, turning it into an ongoing, monthly contribution. Have a look at the organisations in the Donate section of the app. Quick and easy way to support a cause Set up a monthly payment to make a long term difference Stay in control, you can view or cancel the contribution at any time
    • samiatazi
       
      I find it interesting to put Donate section in the platform first page because contributing to the support of the community would enhance the public image of the brand ! So Fintechs can still keep the original values of the companies while going digital.
  • SnapScan is an app that lets you pay with your phone quickly, easily, and safely. Your SnapScan app uses your phone's camera to scan a SnapCode (a unique QR code). Stores have their own SnapCodes, and scanning these codes allows you to pay them. SnapScan is free to use and works with any South African bank, and most international credit cards.
    • tahaemsd
       
      With snapscan, people can pay in a snap, without the fuss of handling cash, cards or EFTs.
    • kenzabenessalah
       
      SnapScan allows people to pay with a simple scan using a QR code rather than using real cash. This is useful in today's world, especially with the pandemic.
  • Our scan to pay feature is definitely our most loved solution, but we're evolving into so much more because we can't stop making your lives easier. With SnapScan you can pay in a snap, without the fuss of handling cash, cards, or EFTs.
    • mehdibella
       
      This article points out that the business idea of Snapscan arrised from a simple discussion between a magazine seller and a cashless buyer, now it is one of the biggest Fintechs in Africa. indeed, We should believe in our potential to change others' life.
  • ...3 more annotations...
  • What is SnapScan?
  • Your SnapScan app uses your phone's camera to scan a SnapCode (a unique QR code). Stores have their own SnapCodes, and scanning these codes allows you to pay them. SnapScan is free to use and works with any South African bank, and most international credit cards.
  • SnapScan pay links A SnapScan merchant can send you a pay link via SMS or email, which allows you to skip the whole scanning bit altogether, once you tap the link it takes you directly to the pay screen of your app. In-app purchases Take a look inside your SnapScan app. You’ll notice there’s a Prepaid section for airtime, data, and electricity, as well as a section to pay your bills, pay for parking, and donate to the causes close to your heart.
    • kenza_abdelhaq
       
      As an alternative to QR code scanning, SnapScan also allows payments to be done through links that take the user directly yo the pay screen of the app or the "In-app" purchases
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    "loved "
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    There is no doubt that Snapscan has expanded as it strategically covers different area of daily life. From bills payments to donations and sending money. Especially, it has helped customers in avoiding entering their information in different websites, using Snapscan is enough.
kenzabenessalah

SA SME wins prestigious humanitarian award and €1-million - Ventureburn - 0 views

  • Lumkani functions as a social enterprise that aims to diminish or lessen the loss of life and property caused by potential shack fires in the township areas across South Africa and the world. 
    • kenzabenessalah
       
      Having devices like Lumkani are essential everywhere because they help prevent loss of life.
tahaemsd

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

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

Capitec launches 'scan to pay' functionality in its app - including SnapScan and Zapper - 0 views

  • QR code payment functionality in its new app, which it claims is the only ‘Scan to Pay’ offering from a South African bank that can be used across all major QR code-based payment providers including SnapScan and Zapper.
    • nourserghini
       
      This article can be useful to us as it mentions Zapper right after Snapscan, as Qr payment providers, which can highly suggest that these two are the biggest competitors in South Africa.
hindelquarrouti

What SnapScan can do for South African retail businesses - 0 views

  • Mobile payments can also mean that staff spend less time processing payments, as SnapScan can be integrated with a variety of leading point-of-sale systems
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    It is remarkable how Snapscan is continuously developing and focusing on technology in order to keep providing its customers with speed, security, and convenience while making their mobile payments
mohammed_ab

TechFinancials - South Africa's Reliable Tech News - 0 views

  • EasyEquities has partnered with Synatic to create data aggregation and data integration components for all the systems it uses to track clients current lifecycle, trading and investment history. The solution gives a comprehensive view of all client activities.
  • Through the platform’s powerful API creation tool, Synatic built a solution that enables EasyEquities to aggregate and display all client information seamlessly even while software updates are being done. Previously this information wasn’t available during updates. It has further helped EasyEquities streamline its loyalty programme
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    I think that this partnership with Synatic will help EasyEquities increase their customer satisfaction as they could access all their activity data with convenience.
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