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WorldRemit, like other money transfer companies, has its upsides and downsides. However, based on customer experience and forum reviews, the pros outweigh the cons. Pros Easy to Use -It takes approximately 5 minutes to sign up for an account on WorldRemit and make a transfer.Extensive Global Reach -You can send money to 150 countries on the WorldRemit platform. Irrespective of where your loved ones are, you can rely on WorldRemit to deliver the money to them in 30,000+ agent locations globally.Reasonable Fees -Compared to other money transfer services, WorldRemit charges fair transfer fees. It allows you to independently handle third party fees thereby, giving you control of your transfer.Flexible Payment Options-You can choose to pay for your transfer using a credit card, a debit card or a bank transfer.Multiple Delivery Channels-The beneficiary can receive money through bank deposits, cash pickup or mobile money.

Founded in 2010 in the United Kingdom by Ismail Ahmed, an economics student at the University of London, WorldRemit has grown its geographical coverage quite fast. You can now send to 150 countries around the world with thousands of well-placed payout locations. However, the company still has ground to cover in terms of partnerships with financial institutions and mobile money companies to strengthen its global footprint.

WorldRemit is an online money transfer service that allows people to transfer money to their families in a secure, fast and affordable way.

thndr is Egypt's mobile first investment platform with 0% commission, no account minimum, access to real time news, market data and easy account setup and funding processes.

M-Pesa was launched in 2007, and it’s still going strong. The concept of a phone-based money transfer service originated back in 2002, when researchers realized the popularity of the market for phone airtime — individuals in a handful of African nations often transferred it to friends and family for subsequent use or resale.

When M-Pesa (launched by Safaricom) made its debut a few years later, it had initially been conceived as a solution for microfinancing — allowing institutions to distribute and collect loan payments without the hassle of cash. However, during this pilot, its widespread adoption in a myriad of alternative use cases caused the company to reconsider and relaunch with a focus on ensuring individuals could send money to their families and execute payments.

Leading application to send and receive payments in Nigeria, with more than 8.4 million users. Founded in 2009 with the simple belief that technology can transform lives by delivering universal access to financial services, Paga is now the top mobile payment service in Nigeria, used by more than 12 million individual users, while employing nearly 22,000 Paga agents. Anyone with a mobile phone can send money to the recipient's mobile phone number which can then be collected either through a Paga agent or an ATM without the use of a card. Paga can also be used for airtime credits, bill payments, and retail. The company is constantly evolving to bridge the gap between commerce, financial services, and economic development within Nigeria's emerging economy.

In the last decade, the impact of financial technology (fintech) on Africa's financial sector and other key sectors has been phenomenal. As a key driver of growth in the region, fintech is a viable alternative to traditional banking in urban and rural areas. In Africa, fintech creates an enabling environment that opens up the financial sector's value chain and promotes efficiency gains

SimbaPay uses advanced security technology and leading global partners to ensure the safety and security of your data and transaction

Fintech is used to define an industry that integrates financial and technology resources to develop financial solutions for organizations. In recent years, fintech innovations have transformed the way and the speed at which money can change hands. The major benefit of this has been at the consumer end. Making payments for them has become safer and quicker than ever before!

Fawry Microfinance, a subsidiary of the listed Fawry for Banking and Payment Technology Services, intends to borrow at least EGP 300 million from its existing shareholders, Enterprise cited Fawry CEO Ashraf Sabry on December 14th

Fawry’s subsidiary plans to expand its microfinance portfolio to EGP 500 million by the end of 2021, up from EGP 204 million until September 2020, the news portal added.“We have seen solid growth in 2020 and we see the potential of lending to small businesses to finance their working capital and purchases from suppliers,” Enterprise quoted Sabry as saying.

PaperlessE-KYC, E-sign and stamping, and finally e-policies are making steady inroads,and with the changing mind-set, the time is not far off when insurance will be purchased instantly with no physical paper exchange. Automated claim processing and upload of documents from anywhere anytime is becoming a reality that will help in processing claims faster.Further, the proposed central repository for KYC and Digi lockers will also help all financial institutions to access the KYC records of a customer centrally as well as allow them to e-sign documents. A platform that allows you to provide your customers with all these facilities and more in a highly secure manner can make life much simpler, not to mention faster.

AgroCenta brings the shareholders in Ghana’s agricultural value chain under one umbrella. Focusing on the producers, rural smallholder farmers, the company has developed a web and mobile platform that provides rural farmers with a suite of services to empower them to sell their crops at fair-market prices. AgroCenta’s platform, which is includes SMS functionality, provides the following services: 1) AgroInfo: real-time commodity pricing information; 2) TruckR: an on-demand logistics solution; 3) AgroTrade: a market platform to offer crops for sale; and 4) AgroPay: a mobile-money based payments service. The company markets its platform leveraging an intimate knowledge of the African cultural context and recruiting and technologically empowering village chiefs to act as advocates or agents for the platform.

According to Ezinne Obikile, SystemSpecs Executive Director, Infrastructure and Payments Gateway; “SystemSpecs is committed to driving financial inclusion and providing payment convenience to all, which underscores this strategic partnership with Paga to extend a wide range of financial solutions and services to customers everywhere, even at a time as this.”

Also commenting, Jay Alabraba, Co-founder and Director of Business Development, Paga said: “In our commitment to make payments easier for all Nigerians and businesses, we are pleased to collaborate with SystemSpecs. Our goal is to always provide an improved experience to our customers everywhere, by leveraging digital technology. This collaboration would further help us meet the needs of individuals who seek to make various bill payments, including those in emerging markets.”

The government regulates Ethiopia’s telecommunications market, meaning that there is only one telecom provider and others are not allowed. Both BelCash and M-birr are strictly technology providers. M-Birr General Manager Thierry Artaud sees the regulated market as a benefit.

Dutch company BelCash is focused on mobile banking, working in partnership with banks to provide easier access to finance through bank accounts. Ireland-based M-Birr is a mobile money service that works with micro finance institutions where no registration at a bank is needed.

“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”.

During the Global SME Finance Forum 2018, Jumo's Martin Vogdt, Chief Product Officer, demoed the company's services at the TechPitch on November 6.  Jumo is an alternative lender in Africa and Asia providing nano loans to consumers and MSMEs through mobile money rails. The Forum's TechPitch provided an opportunity for 13 innovative fintechs to demo their product to global and emerging market investment firms, financial institutions and other Forum participants. This exclusive opportunity is one of the key features of the conference and is open to a limited number of financial technology innovators working in the SME space.

Jumo is an alternative lender in Africa and Asia providing nano loans to consumers and MSMEs through mobile money rails.

Michael Tome Business Reporter Lands, Agriculture, Water, Climate and Rural Resettlement Ministry says it highly upholds technological innovations that seek to develop agriculture productivity.This follows advances made by Cassava Smartech’s EcoFarmer to digitally enhance farming tips through mobile platform, which is a one-stop solution platform that gives farming tips, location-specific weather updates, weekly agriculture commodity market prices and financial services.

A combination of resilience and robust digital technologies resulted in tech start-up Mukuru emerging from humble beginnings to becoming one of Africa’s fintech powerhouses.So says Sandy Rheeder, CIO of Mukuru, one of Africa’s largest remittance service providers.Mukuru was launched in the mid-2000s. As Zimbabwe went through hyperinflation, the platform enabled customers in the diaspora to send fuel and grocery vouchers back home via SMS. Eventually, Mukuru started offering money remittances.