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aymanelmamoun

Get paid anytime, anywhere with the Snapscan app | Standard Bank - 0 views

  • Link your SnapCode to a cell phone number to receive SMS confirmation for a payment We can also integrate with a variety of POS and ecommerce solutions View your transaction history in real-time via the Merchant Portal
    • kenzabenessalah
       
      To make sure that customers are certain that they paid, they receive an SMS confirmation which is the alternative of a receipt.
  • We have a payment solution to suit you and your customers, just display your SnapCode anywhere you want to accept mobile payments.
  • Give your customers a quick and easy way to pay. No need for cash, cards or time-consuming EFTs. SnapScan can be tailored to your business’ needs and is the smart, simple and safe way to get paid in a snap. From small market vendors to big businesses or online ecommerce websites, SnapScan has a convenient payment solution for you and your customers.
    • aymanelmamoun
       
      Easy and efficient use.
  •  
    Snapscan did a good job focusing on their client by demonstrating to them that a basic application would accomplish the work that regularly is tedious and requires cards. By doing this, the company caught people's attention to try out their platform.
omarlahmidi

South Africa Overview - 0 views

  • South Africa’s political transition is known as one of the most remarkable political feats of the past century. The ruling African National Congress (ANC) has been driving the policy agenda since 1994. In August 2016 the country held the most competitive local government election since 1994 in which the ANC-lost majority support in four of the metropolitan cities. Political parties negotiated coalition deals that saw the ANC unseated in the cities of Johannesburg, Pretoria and Nelson Mandela Bay. The latest general elections were held in May 2019.
nourserghini

FNB claims it can take outside QR payments at Speedpoints. SnapScan and Zapper disagree. - 0 views

  • SnapScan users can not pay using the app at FNB Speedpoints, said SnapScan CEO Chris Zietsman."The SnapScan app can scan and pay some non-SnapScan generated QR codes. Before these are enabled, we carefully assess the security, user experience and tech stability of these solutions based on specific criteria to ensure the seamless experience our customers have come to appreciate. "Although SnapScan app users cannot currently scan FNB Speedpoint devices, they can already pay at a wide range of Masterpass enabled businesses such as Engen convenience stores, Payfast ecommerce merchants, and Takealot."SnapScan will be adding to that list in coming months, Zietsman said.
    • nourserghini
       
      This article is very interesting because it quotes Snapcan's CEO who insures that the services have to be enabled with different QR codes until these are checked for security, experience and tech stability and that their services are already offered for a number of Masterpass enabled businesses.
nourserghini

SnapScan for business: Accept mobile payments in a snap - 0 views

  • Whether you do business in a store, online, at markets, or any other premises, we've got the perfect SnapScan payment solution for you. With our solutions you can easily add SnapScan to a variety of point of sale, ecommerce, and invoicing systems for simple payments. SnapScan is the smart, simple, and safe way to get paid in a snap.
    • tahaemsd
       
      Differents ways SnapScan can be used in a business
  • ut the boxSnapScan is providing a uniquely digital solution, where you can download as many SnapCodes as you like from the Merchant Portal and display these anywhere you want to accept contactless mobile payments. You also have the option to purchase a SnapScan Starter Kit when you successfully sign up your business. This includes a printed SnapCode in a stand, a double-sided sticker, and info flyers for first time app users. Display your SnapCode anywhere you want to accept mobile payments. You'll automatically receive confirmation of payment via SMS.
    • nourserghini
       
      This clearly states the process which customers have to follow in order to use the Snapscan services including mobile payments on the app and a starter kit for businesses as well.
nourserghini

GSMA | Decoding QR Codes: Are they useful for merchant payments in emerging markets? | ... - 0 views

  • In the first case, a merchant is given a designated QR code by their acquirer that is linked to their bank account in the backend. Customers must scan the QR code using the camera on their smart device and then enter the amount to be paid and their individual PIN in order to complete the transaction. An example of this method is SnapScan.
    • nourserghini
       
      This article clearly explains the method that Snapscan follows where it uses a specific code for the acquirer and customers have to scan the code and enter an individual PIN to complete the operation.
nourserghini

Here are eight SA fintechs that local banks are working with [Updated] - Ventureburn - 0 views

  • Arguably the bank’s most well-known fintech acquisition in recent years is the QR code payment app SnapScan. In 2016 the bank acquired a majority share of Firepay, the company behind Snapscan, for an undisclosed stake.Firepay, which was co-founded in 2013 through startup incubator FireID by Kobus Ehlers and Malan and Philip Joubert among others, launched the SnapScan app in partnership with Standard Bank in 2014.
    • nourserghini
       
      The article states that Standard Bank's most known acquisitions was Snapscan and that Firepay was the creator of Snapscan app with the partnership of Standard.
mehdibella

South African app SnapScan 'rocks the world' of mobile payments - CNN.com - 0 views

  • If you look at mobile payments specifically, Africa is actually one of the leaders in this space.Kobus Ehlers, SnapScan, co-founderMeanwhile, Africa's smartphone market is expected to double over the following four years -- at the moment, South Africa is reportedly the biggest smartphone market in sub-Saharan Africa, with a 19% penetration.And as smartphones increase, the paying methods are also becoming smarter."If you look at mobile payments specifically, Africa is actually one of the leaders in this space," says Kobus Ehlers, co-founder of the SnapScan app. "SnapScan was developed in South Africa for the African market, so we try to find really local and relevant solutions and I think it's going to get a massive uptake," he adds.
    • samiatazi
       
      I am very proud to hear that the African continent is not only following the mobile payments trend and development, but it is also joining as a leader in the space !
  • John Campbell heads up the Beyond Payments division of Standard Bank, which partners with innovators such as SnapScan to create banking solutions. He says that lack of traditional infrastructure often leads to creative solutions.
    • samiatazi
       
      I totally agree with this statement because the lack of traditional infrastructure not only in this field but also in the others leads to brilliant ideas leading to perfect Businesses and Companies that can make fundamental changes like Snapscan. in fact, Fintechs came up with a huge innovative transformation that made the world even better.
  • Right now, SnapScan is only available at formal merchants but the hope is that the e-currency could flow from the phones of customers to the accounts of informal merchants too. It can even be used to send remittances.
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  • Using your phone to pay for goods and services is nothing new in Africa, a continent where there are more than 720 million mobile phones. Services such as M-Pesa, the revolutionary Kenyan mobile payment system that allows people to bypass banks and pay bills, withdraw salaries and transfer cash electronically, have transformed the way people and business operate.
  • "It's way better as opposed to using your credit card or cash," he says, adding that he was surprised to find out that SnapScan was a tech company that started in South Africa.
mehdibella

SnapScan: innovative system of payment / News / Std bank - Standard Bank Moça... - 0 views

  • “The introduction of these two electronic platforms is in response to the Central Bank’s challenges of financial inclusion of the citizens. The USSD and the SnapScan, which are in the testing phase, will allow people from remote locations, even without bank branches, to perform fast and safe operations”, said the Managing Director from Standard Bank.With these two platforms, as mentioned, Standard Bank also intends to boost the migration of banking transactions from branches to electronic platforms, making the bank more accessible, in a quick, convenient and safe manner from anywhere, anytime.
    • samiatazi
       
      The manager of The standard bank here highlights the importance of digital transformation of the banking system using financial technologies and its positive benefits on the customer.
  • With these two platforms, as mentioned, Standard Bank also intends to boost the migration of banking transactions from branches to electronic platforms, making the bank more accessible, in a quick, convenient and safe manner from anywhere, anytime.
  • “The introduction of these two electronic platforms is in response to the Central Bank’s challenges of financial inclusion of the citizens. The USSD and the SnapScan, which are in the testing phase, will allow people from remote locations, even without bank branches, to perform fast and safe operations”, said the Managing Director from Standard Bank.
chaimaa-rachid

Pay with your phone using SnapScan | Standard Bank - 0 views

  • No need to carry cash, wait for the card machine or enter your card details with every online purchase. With SnapScan you can use your smartphone to make payments, send money to friends and earn UCount rewards points. SnapScan is compatible with most bank cards, as well as the Standard Bank virtual card.
    • samiatazi
       
      Thanks to SnapScan carrying a mobile phone is equivalent to carrying a digital wallet for e-payments and transactions. Most importantly, customers like this app for being free, safe, easy and convenient simultaneously.
    • kenzabenessalah
       
      Since SnapScan allows people not to carry real cash, this reduces the risk of having stolen money.
  • Safe Your card details are securely encrypted (we don't have access to them, nor does the shop you're buying from)
  • Easy Just download the app and link your cheque, credit or debit card (SnapScan works with any South African bank, and prominent international credit cards) Pay with your phone using SnapScan | Standard Bank Created with Sketch. Pay with your phone using SnapScan | Standard Bank Created with Sketch.
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  • Convenient Pay for the goods and services that you want, wherever you are, without needing to carry cash or cards
  • Free Pay no additional fees to use SnapScan (only your network service provider’s standard data charges and bank fees apply)
  • No need to carry cash, wait for the card machine or enter your card details with every online purchase. With SnapScan you can use your smartphone to make payments, send money to friends and earn UCount rewards points.
  •  
    SnapScan facilitates payments by using only a mobile phone to keep customers happy.
mehdibella

JUMO: Banking services in the palm of your hand | AFD - Agence Française de D... - 1 views

  • “JUMO has started to solve the problem of access to good quality financial services for people in emerging economies”, says Andrew Watkins-Bell, CEO of JUMO. “It’s unacceptable for people to have difficulties making transactions, saving or finding capital to finance their company.”
  • JUMO was set up by Andrew Watkins-Ball in 2014 in South Africa. It has grown from a team of 7 people to some 300 people in 2018, selling its products in six countries. In 2017 alone, JUMO granted 12.2 million loans to its customers all over the world.
  • JUMO: Banking services in the palm of your hand
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  • “PROPARCO’s investment in JUMO – which is also our first investment in a fintech company – is a natural extension of our work to promote financial inclusion via microfinance institutions, loans to small and medium-sized enterprises – and now mobile technology”, explains Grégory Clemente, Chief Executive Officer of PROPARCO. “This project uses mobile phone technology to reach a larger number of people in a much wider area.” 
    • mehdibella
       
      the CEO explains how his investment is going to help JUMO achieve more ground with its institution as by 2019 it has granted 12.2million loans to its customers all over the world.
  • “PROPARCO’s investment in JUMO – which is also our first investment in a fintech company – is a natural extension of our work to promote financial inclusion via microfinance institutions, loans to small and medium-sized enterprises – and now mobile technology”, explains Grégory Clemente, Chief Executive Officer of PROPARCO. “This project uses mobile phone technology to reach a larger number of people in a much wider area.” 
    • samiatazi
       
      the CEO explains how his investment is going to help JUMO achieve more ground with its institution as by 2019 it has granted 12.2million loans to its customers all over the world.
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    It's interesting that Jumo thought about an innovative solution to facilitate the lending transactions. Jumo gives a low-cost alternative to local non-regulated lenders.
  •  
    Yes! It's interesting that JUMO uses its technology in order to help people in need finance their projects.
mehdibella

Goldman Sachs cash confirms Jumo as fintech heavyweight - 1 views

  • Created in 2015 in Cape Town by Andrew Watkins-Ball, the company, which specializes in savings, loans and insurance for people and small businesses far from the traditional banking system, has raised $55 million (50 million euro) in debt and venture capital from the American bank.
    • samielbaqqali
       
      The company asked for a big amount from an American bank in order to perfect their investment.
  • Created in 2015 in Cape Town by Andrew Watkins-Ball, the company, which specializes in savings, loans and insurance for people and small businesses far from the traditional banking system, has raised $55 million (50 million euro) in debt and venture capital from the American bank.
  • The company has raised nearly $146 million since its creation from renowned players such as Google, which integrated Jumo into its accelerator in May 2017, the Mastercard foundation, development institutions such as Finnfund and Proparco (the private branch of the French Development Agency).
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  • Goldman Sachs cash confirms Jumo as fintech heavyweight
  • By entering Jumo's final $55 million round of financing, the US bank Goldman Sachs is raising the South African fintech's profile
    • mehdibella
       
      the company has taken millions of dollars to secure the continuation of this project
  • Jumo is connected to continental telecom operators such as Tigo, Airtel, and MTN as well as traditional banks such as Letshego in Ghana and Barclays in Zambia, to integrate its offers with those of its partners.
    • mehdibella
       
      it made a lot of partnerships arround many companies that would make transactions easier
  • Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.By 2019, the start-up, claimed to have provided more than $bn in loans to 15 million customers, and to employ 300 people across 11 countries.
  • Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.
    • ghtazi
       
      this is once again a smart move from jumo, they diversify their activity, which can be more than benefic for them.
  • Jumo is already active in Ghana, Kenya, Pakistan, Tanzania, Uganda, and Zambia and has representation in Cape Town, New Delhi, London, Mumbai, Nairobi, Porto, and Singapore, where its founder is now based.
    • nouhaila_zaki
       
      This excerpt introduces us to the geographical scope of Jumo, which appears to be pretty large (in Africa and Asia).
  • By 2019, the start-up, claimed to have provided more than $bn in loans to 15 million customers, and to employ 300 people across 11 countries.
    • nouhaila_zaki
       
      This excerpt is important because it gives us a measurement of how active Jumo is in providing customers with loans (one of their products). It also gives us an idea about the size of the company (300 employees accross 11 countries).
  • Jumo is connected to continental telecom operators such as Tigo, Airtel, and MTN as well as traditional banks such as Letshego in Ghana and Barclays in Zambia, to integrate its offers with those of its partners. Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.
  • With this new round of financing — its fourth since April 2018 — the company, which targets emerging markets and is part of the very select club of African start-ups active beyond the continent’s borders, now intends to conquer Côte d’Ivoire, Nigeria, as well as Bangladesh and India
    • sawsanenn
       
      this countries can bring new options to jumo, not only new customers but also new services. These new entrances can bring to Jumo high revenues as well
  •  
    JUMO is opting for a good strategy which is doing a partnership with Google. Partnerships with giant companies like google are always beneficial because they offer you great technology and a big capital to improve your business.
  •  
    I like the way JUMO chose its partners in the telecommunication industry. Partnering with MTN that is the first telecom operator in Africa and also a big fintech advocate is a good decision for JUMO to grow.
mehdibella

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

  • 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
       
      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.
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  • JUMO works with a number of mobile network operators and financial service providers, including Airtel, MTN, Telenor, Ecobank, Barclays Africa among others.
    • mehdibella
       
      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
       
      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.
  •  
    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.
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  •  
    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.
  •  
    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.
  •  
    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.
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.
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  • 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.
  •  
    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

Standard Bank snaps up major stake in SnapScan maker | Fin24 - 1 views

  • The company will continue to develop and expand its offering to provide a range of product development and payments services.Kobus Ehlers, Firepay CEO, said: “Our team is looking forward to building out our payments platform to solve the real-world payments problems we have always focused on, and to provide customers with the best experience possible. We’re excited to work with Standard Bank in our mission to achieve this both in South Africa and across the continent.”
  • “We are excited about working more closely with the Firepay team and think that there is an excellent strategic fit between their capabilities and Standard Bank’s vision for a truly universal bank, both in South Africa and throughout the African continent,” said Wendy Pienaar, SBSA Head of Emerging Payments.“Firepay’s experienced team and industry know-how will be used to bolster Standard Bank’s emerging payments strategy,” she added.In addition to SnapScan, the Firepay team’s technology platform already enables payments for several clients, including WeChat and Masterpass.
    • samielbaqqali
       
      SnapScan's plan for expansion seems very important to me. They will accomplish enormous things on the African continent with the financial aid of Standard Bank and the special service that SnapScan offers.
  • “We are excited about working more closely with the Firepay team and think that there is an excellent strategic fit between their capabilities and Standard Bank’s vision for a truly universal bank, both in South Africa and throughout the African continent,” said Wendy Pienaar, SBSA Head of Emerging Payments.“Firepay’s experienced team and industry know-how will be used to bolster Standard Bank’s emerging payments strategy,” she added.In addition to SnapScan, the Firepay team’s technology platform already enables payments for several clients, including WeChat and Masterpass.
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  • Johannesburg - South African financial services provider Standard Bank has acquired a majority share of Firepay, the company behind the quick response code payment app SnapScan.
  • Firepay launched the SnapScan app in partnership with Standard Bank in 2014 and today has 32 000 physical and online merchants.The app, which is connected to a bank account or mobile wallet, allows users to make payments from their mobile device by scanning a QR (quick response) code.
  • “We are excited about working more closely with the Firepay team and think that there is an excellent strategic fit between their capabilities and Standard Bank’s vision for a truly universal bank, both in South Africa and throughout the African continent,” said Wendy Pienaar, SBSA Head of Emerging Payments.
    • mehdibella
       
      I find that Contributing to students wellfare is amazing by this parternship.
  •  
    SnapScan expansion strategy seems quite interesting for me. With the financial help of Standard Bank and the unique service that SnapScan provides, they can achieve huge things in the African continent.
mehdibella

South African lending startup Jumo raises $12.5 million - 0 views

  • CEO of Jumo, Andrew Watkins-Ball, comments: “We have a proven business model, evidenced in the strategic partnerships we have built with forward-thinking banks, mobile money operators and partners like Uber."
  • Since launch in 2014, more than 10 million people have saved or borrowed on the Jumo platform, with nearly 70% of these being micro and small business owners across Africa and Asia. To date, the company has originated almost US$1 billion in loans and maintained savings growth of over 50% month-on-month on its platform, which manages over 45 million customer interactions per month.
  • Jumo currently has offices in Kenya, Uganda, Tanzania, Ghana, Zambia, Pakistan, United Kingdom, Singapore and South Africa. It set up its Asia Pacific headquarters in Singapore earlier in the year and has plans to enter several new Asian markets in 2019.
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  • South African lending startup Jumo raises $12.5 million
  • Since launch in 2014, more than 10 million people have saved or borrowed on the Jumo platform, with nearly 70% of these being micro and small business owners across Africa and Asia. To date, the company has originated almost US$1 billion in loans and maintained savings growth of over 50% month-on-month on its platform, which manages over 45 million customer interactions per month.
    • mehdibella
       
      JUMO secured another funding round of US$55 million to support market and product expansion.
  •  
    The business model is one of the bases of a company success, and making a partnership with a brand name like Uber would increase the number of customers.
  •  
    Through this article, we notice a lot of people have used the JUMO platform and they are happy with it. The company is ready to enter many new Asian markets since it has been successful in different countries.
mehdibella

JUMO reaches 15 million customers across Africa and Asia - JUMO - 0 views

  • JUMO reaches 15 million customers across Africa and Asia
  • JUMO has disbursed over USD 1.6 billion in funding and is growing its base of savings products. “By empowering MSMEs, we’re also positively impacting communities, families and employees. Technology is removing barriers to financial inclusion making it possible to responsibly provide everyone with access to good financial choices,” Watkins-Ball added.
  • “We are working to connect every entrepreneur to the financial products they need to grow and prosper,” says Watkins-Ball. “Our technology enables our partner banks and payments companies to help millions of underserved people access financial services.”
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  • JUMO, a technology company building next-generation financial services for emerging market entrepreneurs, is celebrating connecting over 15 million people to credit and savings in their six markets in Africa and Asia today.
    • mehdibella
       
      JUMO has partnered with financial service providers and mobile network operators to provide credit and savings solutions in Pakistan, Ghana, Tanzania, Uganda, Kenya and Zambia.
  • Founded in London in 2015, JUMO has partnered with financial service providers and mobile network operators to provide credit and savings solutions in Pakistan, Ghana, Tanzania, Uganda, Kenya and Zambia.
  • Andrew Watkins-Ball, Founder & Group CEO, said this milestone demonstrates JUMO’s unique ability to reach underserved entrepreneurs – over 60% of JUMO’s customers are micro, small and medium-sized enterprises (MSMEs).
  • “We are working to connect every entrepreneur to the financial products they need to grow and prosper,” says Watkins-Ball. “Our technology enables our partner banks and payments companies to help millions of underserved people access financial services.”
  •  
    JUMO is celebrating interfacing more than 15 million individuals to credit and investment funds in their six business sectors in Africa and Asia today.
  •  
    Jumo are strategically targeting unbanked entrepreneur in order to help them become part of the consumers of the financial product, and consequently develop themselves. It initially targets low-income classes and gives them the opportunity to grow and prosper
mehdibella

WooCommerce SnapScan Gateway - WooCommerce - 0 views

  • Key Features Fast and easy signup Simple integration Customers need not re-enter card details Customers scan on a desktop or click to pay on a mobile device Responsive and mobile friendly Payment happens onsite with a trusted mobile payment provider! Why choose SnapScan?SnapScan is the preferred way for South Africans to pay with their phones.You may know the app from your favorite weekend market or local coffee shop, but SnapScan also provides payment solutions for larger merchants. From payments and invoicing for Pathcare laboratories to online checkout for big brands like Superbalist, Spree and Wellness Warehouse, we have expanded rapidly, and our flat rate of 3% (incl. VAT) per transaction is highly competitive.How do I start using SnapScan?To get started with SnapScan, you need a merchant account. No mountains of paperwork! Just mail help@snapscan.co.za and we set you up in no time. The sign-up process takes 10 minutes maximum, then we send you all the information you need.Once a customer has paid, their order is automatically completed and the website updates. As a merchant, your order list displays confirmation of the SnapScan payment, and you can begin the delivery process.
    • samiatazi
       
      I find that SnapScan is very useful as it provides its customers with an easy navigation platform, security, and a 10 min max sign-up process, in addition to many key features. Furthermore, This mobile payment app serves not only small startups and vendors but also larger merchants.
  • SnapScan allows South African customers to check out quicker and more securely with a scan or tap via card details stored on their phone. Customers spend less time in checkout, and more time shopping!
    • kenzabenessalah
       
      SnapScan create efficiency, security, and effectiveness with its QR code method. Since South Africa has a large population, these applications are essential to minimize physical contact.
  • SnapScan Online Checkout
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  • SnapScan is the preferred way for South Africans to pay with their phones.
  • Key Features Fast and easy signup Simple integration Customers need not re-enter card details Customers scan on a desktop or click to pay on a mobile device Responsive and mobile friendly Payment happens onsite with a trusted mobile payment provider!
    • mehdibella
       
      Thanks to SnapScan carrying a mobile phone is equivalent to carrying a digital wallet for e-payments and transactions. Most importantly, customers like this app for being free, safe, easy and convenient simultaneously.
  • From payments and invoicing for Pathcare laboratories to online checkout for big brands like Superbalist, Spree and Wellness Warehouse, we have expanded rapidly, and our flat rate of 3% (incl. VAT) per transaction is highly competitive.
    • kenza_abdelhaq
       
      SnapScan has a competitive flat rate on each transaction of 3% including VAT.
mehdibella

South African fintech startup Jumo raises second $50M+ VC round | TechCrunch - 0 views

  • South African fintech startup Jumo closed a $55 million round from a diverse group of investors, the company confirmed.
  • Nigeria, in particular, has become Africa’s unofficial capital for fintech development, surpassing Kenya in 2019 for drawing the most fintech specific and overall VC on the continent
  • Jumo joins a growing list of African digital-finance startups raising big money from outside investors and expanding abroad.
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  • Jumo is active in six markets and plans to expand to two new countries in Africa (Nigeria and Ivory Coast) and two in Asia (Bangladesh and India).
    • mehdibella
       
      Jumo joins a growing list of African digital-finance startups raising big money from outside investors and expanding abroad.
  • “I’m excited for our next phase. This backing will help us build a better business and break new ground,” Jumo founder Andrew Watkins-Ball said.
    • ghtazi
       
      the company has closed around 55 million USD from many investors, which will help the company to expand its products and reach new objectives
  • Founded in 2015 and based in Cape Town, the venture offers a full tech stack for partners to build savings, lending, and insurance products for customers in emerging markets.This week’s funding follows a $52 million raise by Jumo in 2018, led by U.S. investment bank Goldman Sachs, that saw the startup expand to Asia.“This fresh investment comes from new and existing…investors including Goldman Sachs, Odey Asset Management and LeapFrog Investments,” Jumo said in a statement —  though Goldman told TechCrunch its participation in this week’s round isn’t confirmed.After the latest haul, Jumo has raised $146 million in capital, according to Crunchbase.With its latest raise, the company plans to move into new markets and launch new products in Asia and Africa.
    • nouhaila_zaki
       
      This excerpt is important because it describes first what Jumo proposes as product/services offerings. Thereafter, it tackles the history of funding secured by Jumo in addition to the list of investors that support the company. Finally, the excerpt explains how Jumo intends on investing the money raised, namely expansion in new markets in Asia and Africa in addition to the launch of new products.
  • Nigeria, in particular, has become Africa’s unofficial capital for fintech development, surpassing Kenya in 2019 for drawing the most fintech specific and overall VC on the continent
    • sawsanenn
       
      this excerpt is important because it shows us how jumo expending not only in Africa but also in Asia making fintech grow all over the world
  •  
    JUMO is attracting investors and that means JUMO is doing a great job. Investors are believing in this business and they want to be part of it. That's what happens when you believe in an idea and work hard to improve it.
mehdibella

Fintech for Financial Inclusion & Empowerment | JUMO - 0 views

  • JUMO partnered with Uber to create JUMO Drive, a first-of-its-kind digital vehicle asset finance product for rideshare drivers.
  • The first funding partner was introduced to the operating platform. JUMO’s partnership with Letshego Bank in Ghana enabled payment and capital providers to work together to build products.
  • JUMO partnered with Telenor and Telenor Microfinance bank to launch the first commercial product in Asia.
  • ...7 more annotations...
  • The use of digital savings, by JUMO in Tanzania and Zambia, grew rapidly.
    • mehdibella
       
      JUMO partnered with Telenor and Telenor Microfinance bank to launch the first commercial product in Asia.
  • JUMO secured another funding round of US$55 million to support market and product expansion.
  • JUMO is powering a new wave of financial tools, enabling hundreds of millions of people to prosper, build their businesses and drive economic growth
  • JUMO was founded in London by Andrew Watkins-Ball, with a vision of reimagining finance in emerging markets. The founding team started working to prove that data can be used to predict the financial behaviour of millions of people without access to finance. Credit risk, engineering and other capabilities were developed with industry-leading talent. The first ecosystem partnerships were established with Tigo, Airtel and MTN to bring short-term loan products to people and small businesses in Kenya, Zambia and Uganda.
    • ghtazi
       
      JUMO is a British company founded by Andrew Watkins- Ball, and its vision is to reimagine finance in emerging markets. the goal of this company is to show that Data can be used to forecast millions of people's financial activity without access to finance.
    • nouhaila_zaki
       
      This excerpt is really great at introducing Jumo, its initial partnerships, the products/services offered by Jumo.
  • Timiza Akiba, a JUMO-powered savings product, grew 30% in 3 months despite COVID conditions.
    • nouhaila_zaki
       
      This excerpt reports on the impressive performance of Timiza Akima, a Jumo product, despite covid-19 conditions, which reflects the company's resilience despite the pandemic.
  • A funding round of $52m USD was closed. The round was led by Goldman Sachs, with participation from Proparco, FinnFund, Vostok Emerging Finance, Gemcorp Capital, and LeapFrog Investments. A further $12.5m USD was secured from Odey Asset Management.
    • nouhaila_zaki
       
      This excerpt is important because it reports on how Jumo obtains financing for its operations from external sources i.e. Odey Asset Management.
  • Fast Company SA named JUMO one of the most innovative companies owing to advanced data science and Machine Learning capabilities.
    • sawsanenn
       
      Jumo is powering new waves of financial tools that can help entrepreneurs to build and grow their business
  •  
    Parentships always help a business to improve and grow. Jumo is expanding its service to satisfy everyone.
  •  
    At the beginning Jumo started by a founding team that was mainly working in order to prove that data are essentials and that they can predict the future financial behaviour of millions of people that originally didn't have access to finance. So, Jumo's main asset can be considered to be its data analysis that forecasts financial behaviours.
mehdibella

SnapScan positive in face of strong competition from Apple and Samsung - 0 views

  • SnapScan launched in South Africa in May 2014, although the app had been operational since June 2013. The app was launched in partnership with Standard Bank, and the bank ultimately acquired the developer of SnapScan, FirePay, at the end of 2016.
    • mehdibella
       
      I am amazed by the new release of SnapScan which is another installment channel called SnapBeacons through which Clients can basically tap a catch in the SnapScan application to start the exchange through Bluetooth.
  • “What they lack, specifically in Africa, is merchant and business acceptance. As a result, they are reliant on banks to issue card tokens to their wallets and to roll out a merchant acceptance network.” SnapScan, on the other hand, is a potential solution for businesses where card terminals are not cost efficient or appropriate.
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