Skip to main content

Home/ Spring 21 Capstone 640pm/ Group items tagged System

Rss Feed Group items tagged

Filter: All | Bookmarks | Topics Simple Middle
aymanelmamoun

HelloSolar, BelCash to introduce solar home system  | The Reporter Ethiopia E... - 1 views

www.thereporterethiopia.com/...sh-introduce-solar-home-system

E-Payment Africa FinTech BelCash HelloCash

shared by aymanelmamoun on 11 Feb 21 - No Cached
  • BelCash is a company known to have introduced an advanced use of technology to provide customized solutions in convenient payments to vital government services in 2010. It has since refurbished what was once a bureaucratic paper system which inconvenienced millions of people who depend on it.
  • With Ethiopia moving to a strategy which helps embrace the wisdom of solar energy within the country and play catch-up to successes achieved in neighboring nations such as Kenya and Rwanda; HelloSolar in partnership with BelCash – the mobile banking platform system – is set to introduce a pay-as-you-go system for the nation’s off-grid population with affordable solar home system.
    • aminej
      aminej on 13 Feb 21
       
      Love this concept that will encourage more people to use solar home system which is really protective towards the environment and less costly in the long run.
  • This is a jump-the-queue strategy for the company in offering such a system and becoming a pioneer in a country whose majority of population still lack basic energy. In addition, the company has launched an International Remittance payment system, to allow members of the Diaspora to pay from anywhere in the world with a credit card and convenience local clients.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Belcash is introducing many new concepts to the Ethiopian market such as Solar home system and international remittance payment. This proves that Belcash continues to innovate and look for new technologies to bring to the table.
  • ...1 more annotation...
  • With Ethiopia moving to a strategy which helps embrace the wisdom of solar energy within the country and play catch-up to successes achieved in neighboring nations such as Kenya and Rwanda; HelloSolar in partnership with BelCash – the mobile banking platform system – is set to introduce a pay-as-you-go system for the nation’s off-grid population with affordable solar home system. This is a jump-the-queue strategy for the company in offering such a system and becoming a pioneer in a country whose majority of population still lack basic energy. In addition, the company has launched an International Remittance payment system, to allow members of the Diaspora to pay from anywhere in the world with a credit card and convenience local clients.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      Introducing HelloSolar, BelCash solar home system as a strategy embracing the wisdom of solar energy within the country, allowing neighboring nations to invest.
  • hindelquarrouti on 12 Feb 21
     
    Belcash is considered to be a company that is known for introducing AI in order to provide its customers with convenient solution. In partnership with Hellosolar, BelCash introduced pay-as-you-go system.
mehdi-ezzaoui

Ethio-Pay Celeb - 0 views

Ethio-Pay Celebrates Official Launch, Finally   Consumer pressure urged the last bank to join the integration line   The belated national e-payment switch, Ethio-Pay, serving the integr...

Ethippay

started by mehdi-ezzaoui on 12 Feb 21 no follow-up yet
mehdi-ezzaoui

Ethio-Pay Celeb - 0 views

Ethio-Pay Celebrates Official Launch, Finally   Consumer pressure urged the last bank to join the integration line   The belated national e-payment switch, Ethio-Pay, serving the integr...

Ethiopay

started by mehdi-ezzaoui on 12 Feb 21 no follow-up yet
kaoutarchennoufi

SmartelMoney | Products & Services - 0 views

smartelmoney.com/products-services

CustomerBase Wide LoyalCustomers WoM

shared by kaoutarchennoufi on 10 Feb 21 - No Cached
  • Smartel Money customer base comprises banked and unbanked people and societies, insurance, retail grocery, retail clothing, retail cell phone services, utility services etc. We aim to provide to individuals, institutions, organizations, multi-industry sectors and governments with the cutting edge, fresh and innovative financial management system in this ever changing world.
    • sawsanenn
      sawsanenn on 10 Feb 21
       
      the benefits of using the application include; that business people will get new customers and widens the reach of their market base as it will be very easy to pay or receive cash conveniently.
  • Are acronyms for the Smartel Money Point of sales system and the Smartel Money Mobile point of sales systems respectively. These are the application systemsthat have access an access to the Smartel Money central engine. The sPOS runs on the normal desktop or a laptop computer, This system is connected to the Smartel Money central system, this system is used by the stationery merchants such as the grocers and has the capacity to parse smartel money as a payment instrument. The merchant may also chose to have the ERP linked to their sPOS. The smPOS is meant for the non-stationery merchant, as it runs on a mobile platform that is the iOS and android OS. Both the sPOS and the smPOS can use the CPEM and the security code scanning/tagging parsing technologies.
    • aminej
      aminej on 12 Feb 21
       
      They also thought about everything when it comes to safety measures since it is very important to comfort people that their money are in safe hands. Indeed, these measures are important to take in order to avoid a leak of information which could cause many issues to the Fintech
  • Smartel Money customer base comprises banked and unbanked people and societies, insurance, retail grocery, retail clothing, retail cell phone services, utility services etc. We aim to provide to individuals, institutions, organizations, multi-industry sectors and governments with the cutting edge, fresh and innovative financial management system in this ever changing world.
    • kaoutarchennoufi
      kaoutarchennoufi on 12 Feb 21
       
      Another added value of Smartelmoney , is that it has a wide customer base including banked and unbanked people in addition to other organizations. I believe that this large customer will gives the organization a better chance of reaching out to more people and expanding the base. Loyal customers are always effective in spreading a good word of mouth which will eventually attract more customers.
  • ghtazi on 10 Feb 21
     
    It will also help them to improve their brand image as they will be able to market their businesses by advising clients with the easy way of paying and receiving money..
ayoubb

SmartelMoney | About Us - 2 views

smartelmoney.com/about

shared by ayoubb on 07 Feb 21 - No Cached
  • Smartel Money Ltd is company that is rooted in the Kingdom of Lesotho. The aim and focus of Smartel money is to provide mobile payment services, savings & credit and monetary transfers and serve thus as an alternative to traditional banking systems. We aim to provide to individuals, institutions, organizations, multi-industry sectors and governments with the cutting edge, fresh and innovative financial management system in this ever changing world. We also aim to improve the quality of cloud computing (payment as a service) and interaction between computers and people to achieve their payment processes.
    • kenza_abdelhaq
      kenza_abdelhaq on 07 Feb 21
       
      Smartel Money Ltd provides a range of financial services (mobile payments,savings, lending, transfers) for different customer segments including banked and unbanked individuals and societies. It mainly uses cloud computing and the use of computers for payment processes.
  • Smartel Money Ltd is company that is rooted in the Kingdom of Lesotho. The aim and focus of Smartel money is to provide mobile payment services, savings & credit and monetary transfers and serve thus as an alternative to traditional banking systems.
    • aminej
      aminej on 12 Feb 21
       
      Smartel Money is a very competitive application in the market when it comes to E-payments services and many other products thanks to the very low costs and convenience in using the platform. They will also connect people in rural areas to different part of the continent and even the world in order to get access to funding and credit
  • Smartel Money Ltd is company that is rooted in the Kingdom of Lesotho. The aim and focus of Smartel money is to provide mobile payment services, savings & credit and monetary transfers and serve thus as an alternative to traditional banking systems. We aim to provide to individuals, institutions, organizations, multi-industry sectors and governments with the cutting edge, fresh and innovative financial management system in this ever changing world. We also aim to improve the quality of cloud computing (payment as a service) and interaction between computers and people to achieve their payment processes. Smartel Money customer base comprises banked and unbanked people and societies, insurance, retail grocery, retail clothing, retail cell phone services, utility services etc.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      The core element of Smartel Money is to provide a simple and reliable payment system and provide credit to the customer base whilst in that regard providing competitive prices around the clock.
  • ...2 more annotations...
  • SmartelMoney | About Us
    • ayoubb
      ayoubb on 13 Feb 21
       
      Smartel Money LTD
  • SmartelMoney | About Us
    • ayoubb
      ayoubb on 13 Feb 21
       
      Smartel Money LTD
  • mehdibella on 08 Feb 21
     
    There are 5 reasons why this company is being used: Low cost lowest rates in the country, cheaper than internet banking and even cheaper than mobile money. they have kept fees as low as possible - they are the most affordable option on the market. Easy To use you get to use the platform that you are most comfortable with, app, USSD codes, or internet, no need to cram codes that run forever if it doesn't work for you. It's Convinient YOU CAN DO IT ANYTIME ANYWHERE Use My Wallet anytime anywhere for anything, money transfers, bills, airtime, groceries, fuel. See, easy! It's safe When you use my Wallet Services, you are not bound to any carrier, you can even use it without any carrier, bring your ID or passport. Secure Uses accredited national banking security and standards to protect your money whether you are transacting or not.
aminej

FarmDrive, a win-win system - 1 views

ictupdate.cta.int/...92-0d2a-40ce-b4bf-da502f91fee8

Kenya Agriculture Farmers Funds Investing Fintech Online Bank

shared by aminej on 13 Feb 21 - No Cached
  • Most smallholder Kenyan farmers are excluded from the financial system because they do not have a satisfactory credit profile. Without access to formal credit systems, they use alternative systems providing credit at high-interest rates, which, in addition, are not well suited to support their farm and off-farm activities.Having done this, the FarmDrive team met banks and organisations financing smallholder farmers to better understand the reasons for exclusion. They discovered that it is often the lack of information that locks farmers out of the financial system. They decided to try to fill this gap by collecting information from farmers, and analysing the data obtained, establishing their credit profile. Once this is done, farmers can apply for a loan via the platform FarmDrive.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Most banks state that the reason why farmers are excluded from financial services is that they don't have an appropriate profile. Farmdrive took the initiative and collected the necessary information (farm size, income, monthly expenses) to build suitable users' profiles so they can thus ask for loans through the platform. It made their lives easier.
  • African smallholder farmers face a recurring problem of access to finance and credit. Financial institutions, for their part, do not have access to many potential customers, considered as too risky. Young Kenyan computer scientists have developed FarmDrive, an application that aims to promote access to credit and financial services for smallholder farmers. banks remain to be won over, but the project is on track.
    • aminej
      aminej on 13 Feb 21
       
      FarmDrive use a very nice strategy that consist of teaching farmers about financial services that can help them make more profit. They also aims to facilitate accessing funds for farmers and get insured on their products
aymanelmamoun

Smartel Money gains traction - The Reporter Lesotho | Fresh News, Daily - 0 views

www.thereporter.co.ls/...smartel-money-gains-traction

SmartelMoney Lesotho E-Payment NoCash Africa

shared by aymanelmamoun on 13 Feb 21 - No Cached
  • Smartel Money LTD is an e-commerce business allowing payments and money transfers to be made through the modern ICT platforms as well as using the mobile and non-mobile platforms as well as using the freely downloaded applications. It is an internet based e-commerce payment system, which intends to be a payment processor for online vendors as well as click and brick businesses, auction sites, grocers and other commercial users, for which it charges a fee. The government of Lesotho has announced plans to reduce the handling of cash and replacing it with a digital payment system, in a bid to reduce the spread of Covid-19. Smartel Money is one of five mobile money issuers in the country. Their aim is to help businesses and individuals. They provide full business systems platforms, full personal systems of the use of mobile money.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Smartel Money aims for a cashless society in which institutions, individuals and businesses manage and exchange money through this e-commerce platform. It is better to decrease encounters between individuals in this Covid-19 period.
  • Smartel Money LTD held a public awareness initiative last Friday, aimed at aiding businesses and the general public towards a cashless society.
    • ayoubb
      ayoubb on 13 Feb 21
       
      Smartel Money LTD
  • Smartel Money LTD is an e-commerce business allowing payments and money transfers to be made through the modern ICT platforms as well as using the mobile and non-mobile platforms as well as using the freely downloaded applications. It is an internet based e-commerce payment system, which intends to be a payment processor for online vendors as well as click and brick businesses, auction sites, grocers and other commercial users, for which it charges a fee.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      Smartel Money in Lesotho is getting more customers throught an innovative strategy allowing payments and money transfers through the modern ICT Platforms. The internet based payment system reduces the handling of cash.
mbellakbail69

Fawry | IBM - 3 views

www.ibm.com/...ware-flashsystem-power-systems

shared by mbellakbail69 on 07 Feb 21 - No Cached
  • Fawry now supports millions of transactions daily for consumers and business through more than 90,000 locations (including groceries, pharmacies, stationaries and post offices), as well as through multiple alternative channels, including online, ATMs, and mobile wallets. The company’s client base and service offerings continue to expand, leading to rapid data growth. Abbas comments: "Our data has doubled in just the last eight months, and we expect it to grow even faster in the years to come.”
  • The technology offers data compression and deduplication features that enable Fawry to boost utilization of storage resources. Abbas adds: “IBM FlashSystem A9000R offers much greater performance than our previous storage platform, meaning that we get both optimized data economics and short response times. We were able to achieve a seamless migration to the new platform with zero downtime.”
  • Each day, Fawry processes 2 million financial transactions, giving Egyptians an easy, secure payment alternative to the complex, time-consuming procedures that are the norm. To help grow customer satisfaction and speed the roll-out of new services, Fawry deployed IBM® Storage, IBM Db2® and Oracle database on IBM Power Systems™ solutions.
  • ...6 more annotations...
  • With a population of over 100 million people, Egypt is a land of opportunity for consumer services providers. In a country where payment procedures are often slow, fragmented and complex, Fawry identified a gap in the market for a simple, secure omnichannel payment gateway.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces the need that Fawry was created to tackle and the market gap that it saw as an opportunity to prosper. It is very important to understand the core problem around which Fawry services were designed, in order to be able to design and develop strategies that are faithful to this same goal.
  • Fawry now supports millions of transactions daily for consumers and business through more than 90,000 locations (including groceries, pharmacies, stationaries and post offices), as well as through multiple alternative channels, including online, ATMs, and mobile wallets. The company’s client base and service offerings continue to expand, leading to rapid data growth. Abbas comments: "Our data has doubled in just the last eight months, and we expect it to grow even faster in the years to come.”
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      Fawry strives to make the life of their customer simpler. They have an e-commerce solution that links sellers to buyers that provide different methods of payment.
  • Fawry Putting Egypt on the global digital payments map
  • The company’s success is built on delivering consistently fast, dependable services alongside continual innovation. Seeing an opportunity to do more with its data, Fawry evaluated its technology infrastructure to ensure it was ready for the next phase in its evolution.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry focuses on fast and dependable services based on innovation. The company also works on making better use of the data collected to make informed decisions; while keeping in mind the importance of a good technology infrastructure ready for the implementation of any new phase.
  • Haytham Abbas, Infrastructure Director at Fawry, picks up the story: “When we launched in 2008, the average household had to deal with around 13 separate utility and service providers. Since they typically had to set up payments with each service provider separately, often by visiting a branch, this was a lot of hassle. We created an omnichannel digital payment network to make life easier for consumers and the businesses that serve them.”
  • Fawry has a long history with IBM, having chosen IBM solutions to underpin its business again and again over the last decade. The company relies on both IBM Db2 and Oracle database software running on IBM Power Systems to support its bespoke electronic financial platform, processing 2 million transactions per day. “Together, IBM Db2, Oracle database and IBM Power Systems solutions give us the ability to process huge transaction volumes,” comments Abbas. “They provide a powerful foundation for our business, and have scaled seamlessly as we’ve grown.”
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      To ensure that it selected the best offerings on the market for its latest refresh, the company's IT team undertook a thorough evaluation of storage and server options from multiple vendors.
  • chaimaa-rachid on 07 Feb 21
     
    Fawry aims to make their client's life easier. They have an e-commerce solution that connects sellers with buyers offering various payment methods.
  • ...1 more comment...
  • hichamachir on 12 Feb 21
     
    The success of the compnay relies on its partnerships. Fawry's partnership with IBM is brilliant because IBM can offer Fawry some advanced technology that can help improve the business.
  • hindelquarrouti on 13 Feb 21
     
    Fawri is a secure alternative to the traditional procedures. It is user friendly and Egiptians are benefiting from it.
  • kenza_abdelhaq on 13 Feb 21
     
    "The company's success is built on delivering consistently fast, dependable services alongside continual innovation. Seeing an opportunity to do more with its data, Fawry evaluated its technology infrastructure to ensure it was ready for the next phase in its evolution."
omarlahmidi

The Snapscan effect: how mobile payments made QR codes relevant in South Africa - Memeburn - 3 views

memeburn.com/...codes-relevant-in-south-africa

shared by omarlahmidi on 11 Feb 21 - No Cached
  • “Mobile payment systems are quickly becoming mainstream, and it will be fascinating to see how the more mechanical systems like QR Codes compete,” says World Wide Worx managing director Arthur Goldstuck. “Ideally, there should be room for any system, with each one finding its ideal niche. But there are no certainties in a sector that is moving so fast.”
  • According to new research from technology research company World Wide Worx, the format first took off in the country thanks to BlackBerry Messenger, where it became the quickest way to add a friend. In the past year however gained new life as mobile apps like SnapScan roped it in for payments at small merchants, flea markets and the like. By the end of 2014, the research says, more than 2.1-million South Africans were using QR Codes. Of those 1.1-million were male, with female users only marginally behind, at 1.04-million.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      It is not always simple to develop a new concept. The article showed that applications for QR codes were struggling at first, but I believe that in order to offer a new efficient service, you have to work on your concept and develop it, and SnapScan did an excellent job with that.
  • ability to provide speedy payments without the need for the large-scale tech investments required by the payment technologies emerging in more developed areas of the world.
  • ...4 more annotations...
  • According to the research, QR Code usage is strongly age-related, with 673 000 users in the peak age group of 25-34. In contrast, the 15-24 segment amounts to only 471 000, while 494 000 are aged from 35 to 44. A similar number (425 000) makes up the 45-65 age group. Usage drops significantly with retirement age: the 65+ age group comprises 88 000 users. One possible reason for QR code mobile payment solutions such as Snapscan, Zappa, and FlickPay being so popular in South Africa is their ability to provide speedy payments without the need for the large-scale tech investments required by the payment technologies emerging in more developed areas of the world. This is especially the case with Snapscan, which supplies its merchants with a point of sale QR code and a basic mobile phone to track payments. This has allowed it, for instance, to be rolled out as parking payment method in Cape Town’s congested CBD.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      Mobile payment systems are becoming popular quickly and the more mechanical systems like QR codes are successful it will be interesting to see. Ideally, I believe that every system should be able to find its ideal niche. But in a market that is evolving so rapidly, there are no certainties.
  • Flash back a few years and things weren’t looking great for QR codes.
  • Over the last year however, that’s changed in South Africa, largely thanks to mobile payment apps like SnapScan.
  • According to new research from technology research company World Wide Worx, the format first took off in the country thanks to BlackBerry Messenger, where it became the quickest way to add a friend. In the past year however gained new life as mobile apps like SnapScan roped it in for payments at small merchants, flea markets and the like.
    • omarlahmidi
      omarlahmidi on 13 Feb 21
       
      SnapScan is a mobile payment that changed South Africa
  • hichamachir on 11 Feb 21
     
    Creating a new idea is not always easy. The article showed that QR codes apps were struggling at first but I do believe that you have to work on your idea and improve it in order to deliver a new efficient service and SnapScan did an amazing job with that.
  • hindelquarrouti on 13 Feb 21
     
    SnapScan made a good move in introducing Fintech to developing countries through using QR codes as they don't necessarily require large-scale tech investments that are used in developed area.
  • chaimaa-rachid on 13 Feb 21
     
    In the article, we notice that QR codes struggled at first, but in the end, they did a good job in developing and making their platform better and attractive.
mohammed_ab

Ghana Launches Mobile Money Interoperability System. - Ghana Telecoms Chamber - 0 views

telecomschamber.com/...-money-interoperability-system

New technology MTN-Ghana Funds Transfer MIM

shared by mohammed_ab on 13 Mar 21 - No Cached
  • The Ghana Chamber of Telecommunications together with the Government of Ghana, Central Bank, GhIPSS and commercial banks on Thursday 10th May 2018 launched the mobile money interoperability system at the Marriot hotel in Accra. The Mobile Money Payment Interoperability is the service, which allows direct and seamless transfer of funds from one mobile money wallet to another mobile money wallet across networks, which was developed by Ghana Interbank Payment and Settlement Systems (GhIPSS) with active collaboration of the Mobile Industry.
  • mohammed_ab on 13 Mar 21
     
    I find that this technology is really interesting for all mobile money service providers. MTN-Ghana could leverage the customer base of its competitors as their main way to make money is through transaction fees, and with this technology, they will benefit from a higher number of transactions.
tahaemsd

SA's Lumkani installs shack fire early-warning systems in an additional 20k homes - Dis... - 0 views

disrupt-africa.com/...ems-in-an-additional-20k-homes

FinTech Africa Service modernization protection

shared by tahaemsd on 13 Feb 21 - No Cached
  • South African startup Lumkani has installed its early warning fire detection system in an additional 20,000 homes across the country, meaning it has now equipped 40,000 high fire risk homes in several of the country’s informal settlements.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      Lumkani installs shack fire early warning systems
ghtazi

Ethio-Pay Celebrates Official Launch, Finally - 1 views

addisfortune.net/...brates-official-launch-finally

ATM card Payments

shared by ghtazi on 11 Feb 21 - No Cached
  • “What makes Ethio Pay profitable is not the number of ATMs; it rather is the large numbers of users. Our concern now is to work on promoting the system for increased customer involvement,” said Bizuneh.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      The important message to take from this statement is that not all payment services are making profits. The reason is due to the switch operations.
  • After last month’s unofficial launch of Ethio-Pay, customers of other banks complained that the Bank of Abyssinia’s (BoA) ATMs did not provide service for other cards; guards of some branches unaware of the complete switch operation were seen forbidding customers from trying their cards at the ATMs.
  • The switch does not treat banks that have fewer ATMs any differently than those with larger networks in place. In fact, the system enables hosted members, banks without their own payment switches, to issue ATM cards without having to invest in a network of machines. It is also open to the integration of newcomers in the future without additional payments for letting their customers transact on other ATMs, the CEO added.
  • ...4 more annotations...
  • It is all a result of low disclosure on the system start-up. We were among the banks engaged in the pilot phase,” said Yoseph.
  • After last month’s unofficial launch of Ethio-Pay, customers of other banks complained that the Bank of Abyssinia’s (BoA) ATMs did not provide service for other cards; guards of some branches unaware of the complete switch operation were seen forbidding customers from trying their cards at the ATMs. Oddly enough, 16pc of the amount transacted took place through BoA’s Machines.
  • The belated national e-payment switch, Ethio-Pay, serving the integration of Automated Teller Machines (ATMs) and Point of Sale (POS) machines, celebrated its official launch on May 12, 2016.
    • ghtazi
      ghtazi on 13 Feb 21
       
      On May 12, 2016, Ethio-Pay, the overdue national e-payment transition for the integration of Automated Teller Machines (ATMs) and Point of Sale (POS) machines, celebrated its official launch.
  • “We have our own regulation to solve possible audit dispute between banks. We also have a system to prove the audit’s accuracy,” said Bizuneh Bekele, CEO of Eth-Switch S.C.
  • mehdi-ezzaoui on 13 Feb 21
     
    Ethiopay is an innovative solution the software installation incorporates to ensure the switch's facilitation of banking accounts, took almost a year before step four, the official opening of Ethio-Pay.
ghtazi

HelloSolar | HelloSolar, BelCash to offer solar home system - 0 views

www.hellosolarint.com/...-for-behaviour-change-approach

ethiopia partnership connectivity

shared by ghtazi on 13 Feb 21 - No Cached
  • With Ethiopia moving to a strategy which helps embrace the wisdom of solar energy within the country and play catch-up to successes achieved in neighboring nations such as Kenya and Rwanda; HelloSolar in partnership with BelCash – the mobile banking platform system – is set to introduce a pay-as-you-go system for the nation’s off-grid population with affordable solar home system.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      BelCash is a company that is known to have established an advanced use of technology to give customized solutions in convenient payments to vital government services. This partnership will make belcash a pioneer in the country with a majority of customers.
  • “Our mission goes beyond proving affordable access to energy,” Michael Tesfaye Hiruy, the companies Chief Strategy Officer told The Reporter. “Moving forward, we will forge the necessary partnerships to provide access to connectivity and digital services such as healthcare, education, market access and employment”.
    • ghtazi
      ghtazi on 13 Feb 21
       
      i found it very interesting that ethiopia wants to become a middle-income country in 2025. they want to do so by having necessary partnerships to provide access to connectivity and digital services. having a partnership of hellosolar and belcash will be a plus not only for the company but also for the whole country.
kenza_abdelhaq

EthSwitch S.C - 0 views

ethswitch.com

Ethiopay Ethiopia Payments Ethswitch

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Ethswitch, established in 2011, is a share company fully owned by all banks in Ethiopia. It is established mainly to provide simple, affordable, secured, and efficient e-payment infrastructure services to retail payment service providers, and through them, to end users in Ethiopia; by deploying state-of-the-art technology along with highly skilled and motivated professionals. The underling mandate of Ethswitch is contributing to the modernization of the national payments system and enhancement of financial inclusion in the country.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Ethswitch is the owner of EthioPay and they both operate on the national level with all different banks contributing to the modernization of Ethiopia's payment system.
  • kenza_abdelhaq on 13 Feb 21
     
    "Ethswitch, established in 2011, is a share company fully owned by all banks in Ethiopia. It is established mainly to provide simple, affordable, secured, and efficient e-payment infrastructure services to retail payment service providers, and through them, to end users in Ethiopia; by deploying state-of-the-art technology along with highly skilled and motivated professionals. The underling mandate of Ethswitch is contributing to the modernization of the national payments system and enhancement of financial inclusion in the country."
mehdibella

FWRY.CA - Fawry for Banking Tech and Elec Pay SAE Profile | Reuters - 0 views

www.reuters.com/...FWRY.CA

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Fawry for Banking Technology and Electronic Payment SAE Extraordinary Shareholders Meeting
  • The Company allows users to pay bills in multiple channels, such as online, using automated teller machine (ATMs), mobile wallets and retail points. The Company provides operations services specialized in systems and communications, management, operating and maintenance of equipment and computers networks services and internal systems of banks, networks, and centralized systems. The Company also establish operating systems for banking services through the Internet, phone and e-payment services. The Company’s network of retailers includes small groceries, pharmacies, stationaries, and post-offices, among others.
mehdibella

News - SU first university in SA to go cashless... - 0 views

www.sun.ac.za/...DispForm.aspx

Fintech finance SouthAfrica snapscan

shared by mehdibella on 13 Feb 21 - No Cached
  • ​​Stellenbosch University (SU) is the first university in South Africa to make use of the SnapScan in-app payment solutions for payments on its campuses, so that students no longer have to carry cash with them for certain payments.
  • SnapScap is a mobile application that enables cashless payments. Initially two of SnapScan's in-app payment mechanisms will be available for students to do bill payments for their student fees, as well as for pre-paid internet and printer credits. These payments previously had to be made (in cash or with card) at the University's cashiers in the central administration building
    • samiatazi
      samiatazi on 13 Feb 21
       
      I think, it is an outstanding idea to integrate this mobile payment app to SU financial system. likewise, this implementation will be beneficial for other institutions such as AUI because we as students struggles sometimes to pay when we forget carrying our cash-wallet, especially that it is the only payment instrument. I addition, we will have more control over our money in terms of choosing to spend it inside or outside the University.
  • Apart from SnapScan in-app payments, students also have an online option on the SU's website where they have the options of pre-paids (for internet, meals, washing, printing credits and rides) and bill payments (for student fees).
  • ...5 more annotations...
  • SU is one of more than 50 000 merchants and vendors in South Africa to embrace the SnapScan technology. SnapScan integrates with the University's financial systems to ensure that less cash is in circulation on its campuses. 
  • ​​Stellenbosch University (SU) is the first university in South Africa to make use of the SnapScan in-app payment solutions for payments on its campuses, so that students no longer have to carry cash with them for certain payments.
  • “The University is constantly renewing itself by adopting smart technology to create a better, simpler and safer environment for students and the broader campus community,"
  • SU is one of more than 50 000 merchants and vendors in South Africa to embrace the SnapScan technology. SnapScan integrates with the University's financial systems to ensure that less cash is in circulation on its campuses.
  • Using the SnapScan app is quick and effortless. It is free to use, and just requires data or wifi. Students need to download the SnapScan app to their smart phones from their app store and complete a quick registration process to add their card details. Thereafter
    • mehdibella
      mehdibella on 13 Feb 21
       
      I think, it is an outstanding idea to integrate this mobile payment app to SU financial system. likewise, this implementation will be beneficial for other institutions such as AUI because we as students struggles sometimes to pay when we forget carrying our cash-wallet, especially that it is the only payment instrument. I addition, we will have more control over our money in terms of choosing to spend it inside or outside the University.
omarlahmidi

Belcash to Launch Online Commerce Platforms - 4 views

addisfortune.net/...unch-online-commerce-platforms

Belcash E-payments Africa

shared by omarlahmidi on 11 Feb 21 - No Cached
  • Hellomarket will be the platform used for local transactions, enabling buyers to order, deliver and pay for goods through electronic banking services. Belcash has signed an agreement with DHL Express, a Germany company, for logistics services.
  • For buyers abroad, Belcash introduced Helloshop, a platform that allows domestic products to be ordered through the firm’s portal and the payment to be processed through Mastercard Payment Gateway Services.
  • “This will make foreign currency flow through the proper channels to local banks,” said Zewdu Assefa, deputy CEO of Belcash Ethiopia. “The seller receives the Birr equivalent of the amount earned in foreign currency.”
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      BelCash introduced a platform called Helloshop that allowed payments to be processed through Mastercard. The importance of this statement is that the seller would receive the same amount as to that in foreign currency.
  • ...5 more annotations...
  • Belcash Ethiopia, a subsidiary of Netherlands-based Belcash Technology Solutions, was established in 2011. It currently is working with Lion International Bank, Cooperative Bank of Oromia, Wegagen Bank and Somali Micro Finance Institution to launch a pilot project this week.
  • Currently, 40 women from the group have received training by Belcash on how to grow brands and package products. They were also given awareness training on digital platforms.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Lack of an e-payment system, and regressive policies and regulations for financial inclusion, are the main reasons for the lack of financial technology's growth in Ethiopia. It good to see that Belcash is raising this issue by offering different solutions.
  • An expert on ICT at the Addis Abeba University for more than one and half decades appreciates that such a platform has been realised as it creates more market exposure for micro-enterprises.“In parallel to the platform, people in micro-enterprises should be trained to utilise different websites and other e-system alternatives to develop their businesses and enter markets on their own,” said Mesfin Fikre (PhD).Lack of an e-payment system, together with regressive policies and regulations for financial inclusion, are the main reasons for the lack of financial technology’s growth in Ethiopia, according to Zewdu.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article shows that Belcash's platform is providing more exposure to micro-entreprises in different sectors in effort to encourage the e-payment system in Ethiopia, which is still evolving compared to others in the continent.
  • For buyers abroad, Belcash introduced Helloshop, a platform that allows domestic products to be ordered through the firm’s portal and the payment to be processed through Mastercard Payment Gateway Services
    • ghtazi
      ghtazi on 13 Feb 21
       
      Belcash introduces a new platform named Helloshop that allows customers to put domestic products to be ordered via the company's platform and processed through Mastercard Payment Gateway Services for payment.
  • Hellomarket will be the platform used for local transactions, enabling buyers to order, deliver and pay for goods through electronic banking services. Belcash has signed an agreement with DHL Express, a Germany company, for logistics services.
    • omarlahmidi
      omarlahmidi on 13 Feb 21
       
      Belcash offer customers an online plateform to make customer's life easier
  • hindelquarrouti on 12 Feb 21
     
    Two e-commerce platforms enabled the online commercial transactions sere set by Belcash in Ethiopia. They enable transactions locally and from outside the country.
  • mehdi-ezzaoui on 13 Feb 21
     
    Belcash plan of launch Two e-commerce platforms, which will enable online commerce locally as well as allow buyers outside the country to transact in goods available domestically, are set to be launched by Belcash Ethiopia
mohammed_ab

Electronic Transactions Reshape Egypt's Economy - 3 views

www.ifc.org/...egypt-digital-payments

Fawry Egypt Fintech Positive Impact Economy

shared by mohammed_ab on 11 Feb 21 - No Cached
  • The rise of online banking around the world has helped other economies solve these very challenges. Cash, for example, is hard to transport. Coins and bills are prone to theft, and their use makes dodging taxes easier for those so inclined. For individuals who must pay in person, getting across a gridlocked city like Cairo is logistically difficult. Together, these problems can constrain an economy. In Egypt, where 94 percent of all transactions were cash as recently as 2014, such a system stymies economic growth.
  • Fawry is part of a new wave of technology companies ushering Egypt into the digital age. Many of these firms are helping transform industries like banking, health care, and transport, and in the process creating good jobs for young Egyptians, more than 30 percent of whom are unemployed.
  • Sabry, a former salesperson at IBM Egypt, launched Fawry because he knew these issues kept Egypt’s economy from achieving its promise. The early years were lean as the company worked to convince tech-wary Egyptians that Fawry’s systems were secure—and that their money wouldn’t disappear into an electronic void.
  • ...6 more annotations...
  • “Time is of the essence, and Fawry saves me a lot of it,” says Shawky, who owns three electronics stores in the Egyptian capital.
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      Fawry is available for its customers day and night which attracts a large range of people.
  • It was something that Cairo-based shop owner Nader Shawky had come to dread: paying his phone bill. Every month, he trekked to the offices of his mobile provider where he and dozens of others stood in line—sometimes for up to two hours—to settle their bills. It was, he admits, a maddening process.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      By providing online banking financial administrations that allow you to cover your bills, transfer cash, and access a record of your checking account transactions from your internet browser, Fawry makes the life of its clients less difficult. Banking from anywhere, at any time of day or night, makes it a little easier to do anything you do about your finances.
  • Fawry, a fast-growing Cairo-based company that specializes in electronic payments, makes it possible for Shawky to take care of his accounts online.
  • Fawry’s growth has had a profound effect on Egypt’s economy, says Akef el Maghrabi, the vice chairman of Banque Misr, one of Egypt’s biggest banks and an early Fawry partner. “When you eliminate or reduce the reliance on cash, then you fight corruption, you provide convenience, you lower costs, and you grow the economy. [Electronic payments] do a lot of good for the country.”
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      With a system that relies mainly on cash transactions, the economy faces too many challenges that stops its growth and development. For instance, cash is hard to transport, coins and bills can easily be stolen, and their use makes dodging taxes and corruption easier.
  • IFC invested $6 million in Fawry in 2013 and helped guide founder Ashraf Sabry and his team as they built their business. Now the 12-year-old company handles 2.5 million transactions a day. In 2018 Fawry processed 40 billion Egyptian pounds (about $2.5 billion) in electronic payments. Earlier in 2019, Fawry became Egypt’s largest financial technology firm to list on the national stock exchange. It now employs 1,600 people.
    • samielbaqqali
      samielbaqqali on 13 Feb 21
       
      By providing online banking financial administrations that allow you to cover your bills, transfer cash, and access a record of your checking account transactions from your internet browser, Fawry makes the life of its clients less difficult. Banking from anywhere, at any time of day or night, makes it a little easier to do anything you do about your finances.
  • As the Fawry network grew, shop owners who installed the system saw significant benefits, too. Fawry’s terminals drew new customers into stores, providing the consumer traffic that is the lifeblood of small shops. Mahmoud El Rawy, a grocery store owner and father of three, can attest to that. His shop struggled until he installed a Fawry payment terminal. “Fawry has had a big impact on my business,” says El Rawy, who now owns three supermarkets. “It helped bring me more customers and it’s why many come to me now.”
  • chaimaa-rachid on 11 Feb 21
     
    Fawry is making the life of its customers less difficult by offering online banking financial administrations that empower you to cover your bills, move cash, and access a record of your checking account transactions from your internet browser. Banking from anywhere, at any time of the day or night, makes all what you do with your finances somewhat simpler.
  • ...1 more comment...
  • hichamachir on 12 Feb 21
     
    Fintech is providing a very fast business and customer are really satisfied with it. I think that fast service is the main objective of Fintechs.
  • hindelquarrouti on 13 Feb 21
     
    Fawri is helping Egyptians in handling their bills online rather than spending hours on this kind of processes if done traditionally.
  • mohammed_ab on 13 Feb 21
     
    It's interesting to see that Fawry has a positive impact on its customers but also its business partners like small show owners.
nouhaila_zaki

M-Pesa - 2 views

www.investopedia.com/...mpesa.asp

M-Pesa Financial inclusion Kenya

shared by nouhaila_zaki on 07 Feb 21 - No Cached
  • One of the drives for Fintech innovations, like M-Pesa, is financial inclusion, which is mostly geared toward an underbanked or unbanked group of people.
    • nouhaila_zaki
      nouhaila_zaki on 07 Feb 21
       
      Financial inclusion is a main priority of M-Pesa.
  • M-Pesa is a virtual banking system that provides transaction services through a SIM card. Once the SIM has been inserted into the card slot of the mobile device, users can make payments and transfer money to vendors and family members with SMS messages. Users with no bank accounts can access the numerous M-Pesa outlets distributed across the country. The money that needs to be stored is given to the kiosk attendant, who transfers the amount in digital form to the user’s M-Pesa’s account. Cash collected from M-Pesa is deposited in bank accounts held by Safaricom. The bank accounts serve as regular checking accounts and are insured up to a maximum of 100,000 shillings (or $1000) by the Deposit Protection Fund. M-Pesa provides receipts as proof of transaction. For a transaction to take place, both parties have to exchange each other’s phone numbers because the phone numbers act as account numbers. After settlement, both parties receive an SMS notification with the full name of the counterparty and the amount of funds deposited or withdrawn from the user’s account. The mobile receipt, which is received within seconds, helps to promote transparency for all individuals involved in a transaction.
    • nouhaila_zaki
      nouhaila_zaki on 07 Feb 21
       
      This excerpt is important because it explains how this mobile banking service operates. 1. Payments are made through SMS messages. 2. Cash collected by M-Pesa is deposited in bank accounts held by Safaricom. 3. Phone numbers act as account numbers. 4. M-Pesa provides receipts as proof of transaction.
  • M-Pesa is a virtual banking system that provides transaction services through a SIM card. Once the SIM has been inserted into the card slot of the mobile device, users can make payments and transfer money to vendors and family members with SMS messages. Users with no bank accounts can access the numerous M-Pesa outlets distributed across the country. The money that needs to be stored is given to the kiosk attendant, who transfers the amount in digital form to the user’s M-Pesa’s account. Cash collected from M-Pesa is deposited in bank accounts held by Safaricom. The bank accounts serve as regular checking accounts and are insured up to a maximum of 100,000 shillings (or $1000) by the Deposit Protection Fund. M-Pesa provides receipts as proof of transaction. For a transaction to take place, both parties have to exchange each other’s phone numbers because the phone numbers act as account numbers. After settlement, both parties receive an SMS notification with the full name of the counterparty and the amount of funds deposited or withdrawn from the user’s account. The mobile receipt, which is received within seconds, helps to promote transparency for all individuals involved in a transaction.
    • ghtazi
      ghtazi on 08 Feb 21
       
      this article shows us how M-Pesa is a virtual system that provides transaction services through a SIM card. M-Pesa allows users to deposit, withdraw, transfer money, pay for goods and services (Lipa na M-Pesa), access credit and savings, all with a mobile device.
  • ...9 more annotations...
  • A farmer has no bank account and wants to deposit his commodity sale proceeds of 1,000 shillings goes to an M-Pesa outlet and deposits the money with the kiosk agent or attendant. The agent, in turn, uses her phone to access the client’s account with the client’s registered phone number and credit the account for 1,000 shillings.
    • ghtazi
      ghtazi on 08 Feb 21
       
      M-Pesa target customers are anybody who has a phone.
  • M-Pesa is a mobile banking service that allows users to store and transfer money through their mobile phones. M-Pesa was introduced in Kenya as an alternative way for the population of the country to have access to financial services. Safaricom, the largest mobile phone operator in Kenya, launched M-Pesa in 2007. The service is a blend of two entities where M means mobile and Pesa means money or payment in the Swahili language.
  • Financial inclusion is an initiative that seeks to include residents who have no access to banks or who can’t afford the required minimum deposits in the digital banking era. In order for this initiative to succeed, different sectors must collaborate in sharing data with each other and build a meaningful digital platform.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      I like how M-PESA gave opportunities for those who cannot afford to have bank accounts , an alternative to still have access to those services.
  • Through mobile payment services like M-Pesa, the standard of living in Kenya has improved greatly. Market traders, debt collectors, farmers, and cab drivers don’t need to carry around or transact in a large amount of cash. This means that the occurrence of theft, robbery, and fraud is reduced. Also, individuals and business owners don’t have to wait in long lines for hours to make their electricity and water bill payments because these can be made using M-Pesa.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      The mobile payment industry was revolutionized by M-Pesa. The value of this business in the financial industry is demonstrated by the fact that the term M-Pesa has a financial significance. I believe that by using digitalisation in a way that can benefit people and solve their problems, M-Pesa has gained its impact.
  • To combat fraud, Safaricom mandates that users of a Safaricom SIM card who want to register for M-Pesa have to do so with a valid government ID such as the Kenyan national identification card or a passport. This way, each transaction is marked with the identification of the party transferring, paying, depositing, or withdrawing money from an account.
    • ghtazi
      ghtazi on 13 Feb 21
       
      to combat fraud they use either a sim card, ID card, or passport. in this way every transaction made will be marked with identifications of the parties transferring money, paying or whatever action it was made.
  • To combat fraud, Safaricom mandates that users of a Safaricom SIM card who want to register for M-Pesa have to do so with a valid government ID such as the Kenyan national identification card or a passport. This way, each transaction is marked with the identification of the party transferring, paying, depositing, or withdrawing money from an account.
  • M-Pesa is one of the innovative tools that have been birthed from the collaboration of telecommunication and banking sectors in East Africa.M-Pesa began in Kenya and is being utilized in 10 countries, including India and Romania. Emergent technology in the financial sector, or Fintech, has made it possible for financial services and products, like M-Pesa, to be more accessible at small costs.M-Pesa makes it possible for unbanked people to pay for and receive goods and services using a mobile phone instead of utilizing a brick-and-mortar bank.
    • nourserghini
      nourserghini on 13 Feb 21
       
      this article explains that M-pesa is a virtual banking platform that gives the opportunity for unbanked or underbanked individuals to conduct transactions through a SIM card.
  • This cross-communication tactic used by M-Pesa is developing rapidly in sub-Saharan Africa, where the telecommunication and banking sectors are working together to create mobile banking services for those with limited access to traditional banking.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Mobile payment is progressively being used in emerging regions in which a large percentage of the population has little or no access to traditional banking such as Africa
  • Mobile money is increasingly being adopted in developing nations where a high percentage of the population has little or no access to traditional banking. Revolutionary services like Paga, MTN Mobile Money, Airtel Money, and Orange Money are disrupting the traditional payment systems used frequently by residents of emerging nations, by changing the economy from a cash society to a digital one.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects the increasing importance of mobile money i.e. as proposed by M-Pesa in developing countries.
  • hichamachir on 12 Feb 21
     
    M-Pesa revolutionized the mobile payment industry. The fact that the word M-Pesa got a financial meaning shows the importance of this company in the financial industry. I think that M-Pesa gained its influence by using digitalization in way that can help people and solve their problems.
kaoutarchennoufi

Points System - Fawry - 0 views

fawry.com/...points-system

shared by kaoutarchennoufi on 13 Feb 21 - No Cached
  • Fawry Points SystemThe loyalty promo engine is designed to act based on the four elements of the marketing mix (product, price, promotion or distribution) where the customers are involved in long term rewarding programs based on their consumption and activities . Our in house designed white label portal & App provides detailed, reliable & convenient loyalty solutions with the same look & features that help to build the best in class B2B and B2C customer experience.
    • kaoutarchennoufi
      kaoutarchennoufi on 13 Feb 21
       
      Implementing a points system is a very effective marketing strategy in terms of maintaining long term customer relationships. It makes customers feel recognized and special which further leads to retention, more referrals and profits.
1 - 20 of 136 Next › Last »
Showing 20▼ items per page