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samielbaqqali

16 best and cheapest ways to send money from Algeria to Malawi in 2021 - FromTo.money - 1 views

fromto.money/...to-malawi

Worldremit Paypal Malawi

shared by samielbaqqali on 11 Feb 21 - No Cached
  • World Remit. Starting from 2016, it is now possible to use World Remit website and mobile app to send money from Algeria to Malawi and other 150 countries. You can load your World Remit account through World Remit cash collection points, or some local banks in Algeria. Advantages of using World Remit: It is safe and secure.
  • PayPal. It is not possible to send directly to Malawi using this service with a normal account balance. The balance will need to be withdrawn from a linked bank account. DZ Bank and its branches do issue VISA/MasterCard cards that you can then link to your PayPal account. From there, you can load your PayPal account and send it to anyone in Malawi. 
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      WorldRemit need to target this kind of options. The traditional banks in Algeria can't send money to Malawi and WorldRemit can do that so it's a big advantage for the company.
  • hichamachir on 11 Feb 21
     
    WorldRemit in Algeria is playing it smart by being the only one who can send money to Malawi. In my opinion, I think that WorldRemit need to target this kind of options. The traditional banks in Algeria can't send money to Malawi and WorldRemit can do that so it's a big advantage for the company.
mohammed_ab

Mobile money platform Pngme raises $3M to expand across Africa - 0 views

cointelegraph.com/...ses-3m-to-expand-across-africa

M-Pesa Competition Pngme Africa Mobile Money

shared by mohammed_ab on 12 Feb 21 - No Cached
  • Africa-focused but U.S. based unified financial data platform Pngme this week announced its successful seed funding round raised $3 million.
  • Pngme hopes to tap into the burgeoning mobile money market in Africa that was kicked off with M-Pesa in 2007. Launched in Kenya, M-Pesa is a mobile banking service that allows users to store and transfer money through their mobile phones, largely targeting a massive population of unbanked citizens in the sub-Saharan region.
  • mohammed_ab on 12 Feb 21
     
    Pngme has been able to raise $3 Million to expand its operation on mobile money into Africa. This competitor could acquire more market shares from M-Pesa if it succeeds to penetrate the African market using the right strategy.
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
kenza_abdelhaq

TPAY acquires Payguru, the leading payment platform in Turkey | Helios Investment Partners - 0 views

www.heliosinvestment.com/...teforme-de-paiement-en-turquie

TPay Mobile Algeria Acquisitions

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • TPAY MOBILE, the leading digital merchant acquirer and mobile payment enabler in the Middle East and Africa, announced the acquisition of 100% of the shares of Payguru, one of Turkey’s leading payment service providers. The transaction remains subject to approvals from the Central Bank of the Republic of Turkey and the Competition Authority.
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      Tpay Mobile acquired all the shares of the Turkish payment service provider Payguru which allowed the company to expand its operations to Turkey.
  • Payguru offers mobile payments, ATM cash payments, and bank transfer services to its merchants through its integration with Turkey’s three mobile network operators (Turkcell, Vodafone, and Türk Telekom) and 8 major banks in Turkey (Ziraat Bankası, Yapı Kredi Bankası, Türkiye İş Bankası, Garani Bankası, Akbank, TEB Paribas, Vakıfbank and QNB Finansbank).
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      The newly acquired company allows Tpay Mobile to offer alternative payment products, have access to more financial technologies, and work closely with different banks and mobile network operators in Turkey.
  • kenza_abdelhaq on 12 Feb 21
     
    "TPAY MOBILE, the leading digital merchant acquirer and mobile payment enabler in the Middle East and Africa, announced the acquisition of 100% of the shares of Payguru, one of Turkey's leading payment service providers. The transaction remains subject to approvals from the Central Bank of the Republic of Turkey and the Competition Authority. "
tahaemsd

Hello Paisa goes global with Western Union - 0 views

www.finextra.com/...goes-global-with-western-union

Fintech Africa Payments modernization Service

shared by tahaemsd on 10 Feb 21 - No Cached
  • “We have identified an opportunity for effective global collaboration to do our part in enhancing financial inclusion for migrants living in South Africa. Through this partnership, we have been able to expand our reach globally, sparing our customers the hassle to travel long distances to collect their money as we now leverage off Western Union’s vast network of retail agents, bank account and wallet payout capabilities,”
    • kenza_abdelhaq
      kenza_abdelhaq on 10 Feb 21
       
      The South African payment company expands its operations and its reach by partnering up with the global corporation Western Union. This allows the enhancement of financial inclusion mainly in South Africa and allows people to have quick and convenient access to their money.
  • Hello Paisa, one of South Africa’s largest international money transfer providers and Western Union, a global leader in cross-border, cross-currency money movement and payments today announced they have joined forces to enable Hello Paisa customers to send global money transfers for payout at the global network of Western Union.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      This partnership enables hellopaisa customers to send money from south africa to their family and loved ones for pay-out into billions of bank accounts
tahaemsd

Sasfin, Hello Paisa Team For South African Bank | PYMNTS.com - 0 views

www.pymnts.com/...hello-paisa-south-african-bank

Fintech Africa Payments modernization Service

shared by tahaemsd on 13 Feb 21 - No Cached
  • Two South African FinTech companies, Sasfin, a banking group, and Hello Paisa, a money transfer startup, are teaming up to start a bank with a goal of bringing thousands of South Africans who lack bank accounts into the country’s financial system, according to reports.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      This initiative by hellopaisa is an ideal way to offer banking to people who are underserved
mohammed_ab

State of play: Fintech in Nigeria - The Economist Intelligence Unit (EIU) - 0 views

eiuperspectives.economist.com/...state-play-fintech-nigeria

MTN Fintech Financial inclusion

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Nigerian fintechs are branching out from payments into lending, micro-investment, wealth management, peer-to-peer transfers and insurance. Payments and remittances are the most developed subsector to date. The country has seen a surge of new and simplified apps to help merchants, businesses and consumers. Mainstream banks, initially slow to react to the digital era, have quickly adapted to offer apps and tools in areas like loans, while non-traditional players—including telecom companies and retailers such as supermarkets—are entering the finance space. 
  • mohammed_ab on 13 Feb 21
     
    I think that this article is very interesting as it shows how Nigerian fintechs are starting to consider more service offerings. It's not just about payment anymore, these Nigerian fintech started to focus more on lending, insurance, and wealth management.
samielbaqqali

MTN proceeds with ATC Ghana sale - 1 views

www.capacitymedia.com/...n-proceeds-with-atc-ghana-sale

MTN Fintech Ghana

shared by samielbaqqali on 12 Feb 21 - No Cached
  • In its full year 2019 financial results, MTN saw revenue grow 9.7%, while service revenue increased 9.8% and subscriptions grew by 18.2 million to reach 251 million. Further, the group’s chief executive Rob Shuter, announced he will step down at the end of his current contract, in 2021.
  • Nigerian telecom operator MTN has received regulatory approval for the sale of its 49% stake in ATC Ghana. The sale is expected to generate $384 million with funds due to be transferred over the coming week. It follows the sale of MTN’s 49% stake in ATC Uganda.
    • samielbaqqali
      samielbaqqali on 13 Feb 21
       
      Even if it's a profitable one, MTN is still a growing sector. I assume that many startups will be motivated by MTN to enter the Fintech market!
  • hichamachir on 12 Feb 21
     
    MTN is still a growing business even though it's a successful one. I think that MTN will inspire many startups to enter the Fintech market!
hibaerrai

WorldRemit Raises $175M For Global Expansion | PYMNTS.com - 0 views

www.pymnts.com/...worldremit-funding-transfer

WorldRemit Remittance E-payments Online

shared by hibaerrai on 13 Feb 21 - No Cached
  • “In 2018, mobile and online payments to emerging markets reached a record high of $528 billion and we expect this number to increase. As WorldRemit handles a growing share of this market, we look forward to continue working with the company to scale its digital platform and expand its service to reach many new customers across the globe,” TCV General Partner John Doran said in the press release.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      WorldRemit acquires huge market shares and is making her way to becoming the first mobile and online payments platform.
hibaerrai

Mukuru is part of a growing formal remittance market - ECP Investments - 0 views

www.ecpinvestments.com/owing-formal-remittance-market

Mukuru Fintech Money transfer Africa Remittance

shared by hibaerrai on 13 Feb 21 - No Cached
  • With international travel facing continued uncertainty amid the global Covid-19 pandemic, remittances on the African continent are moving from informal channels requiring travel and in-person contact to formal channels. The weakening of informal remittance practices has contributed to accelerated growth in the formal remittance sector, including for ECP portfolio company Mukuru.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Covid-19 has helped the rise of fintechs in the last year. Mukuru should take advantage of this pandemic and start to expand its activities other than south africa and maybe create a partnership with WorldRemit.
kenza_abdelhaq

Digital Innovation in Emerging Markets: A Case Study of Mobile Money | MIT CISR - 0 views

cisr.mit.edu/...tionVodafone_OrlikowskiBarrett

M-Pesa Kenya Payments Services

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • We describe the success of M-PESA in Kenya and the subsequent disappointment when M-PESA was replicated in Tanzania. We show how emerging markets are likely to be more different from than similar to one another. Thus, companies should consider a strategy of exploration as they attempt to expand within emerging markets. 
  • In 2008, a year after launching in Kenya, Vodafone attempted to replicate this success in neighboring Tanzania, a country that resembled Kenya in many important ways—size of population (40+ million) and main languages spoken (Swahili and English), as well as levels of literacy, unbanked, and mobile phone usage. But M-PESA in Tanzania did not grow on anything like the scale and scope of M-PESA in Kenya
  • M-PESA was initially developed by Vodafone as a mobile-based, microfinancing application funded partially by the UK Department for International Development to extend financial access to the unbanked populations in East Africa.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Developed by the mobile telecommunications company Vodafone, M-Pesa was first a microfinancing solution promoting financial inclusion in East Africa.
  • ...2 more annotations...
  • Managed by the corporate social responsibility (CSR) group within Vodafone, M-PESA was designed for a niche market: microfinancing institutions and their clients. The project was intended to be low-cost, low-key, small in scale, and modest in scope—focused on addressing issues of financial inclusion within the developing world. 
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      M-Pesa's niche market: microfinancing institutions and their clients.
  • The redesigned M-PESA system launched in Kenya in April 2007, growing rapidly through uptake and user innovation of new services. Now used by over 17 million Kenyans—which is more than two-thirds of the adult population—it is estimated that annually some 31% of the country’s GDP flows through it.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      - Important customer reach. - Facilitates the transfer of funds as 31% of the country's GDP flows through the platform.
  • mohammed_ab on 12 Feb 21
     
    I think that this article shows something very important that we should into consideration in our capstone research. It shows how the same service was launched in very similar African countries, yet the penetration and growth results were far from the same. It's important because it shows that if we want to use a fintech strategy followed by a foreign company to an African one, it could result in very bad consequences even if this same strategy works for the foreign company.
  • kenza_abdelhaq on 13 Feb 21
     
    "M-PESA was initially developed by Vodafone as a mobile-based, microfinancing application funded partially by the UK Department for International Development to extend financial access to the unbanked populations in East Africa. Managed by the corporate social responsibility (CSR) group within Vodafone, M-PESA was designed for a niche market: microfinancing institutions and their clients. The project was intended to be low-cost, low-key, small in scale, and modest in scope-focused on addressing issues of financial inclusion within the developing world. "
nouhaila_zaki

My PAGA - transact mobile payments; send cash via mobile; pay bills via mobile. - 0 views

www.mypaga.com/...C48866E180618E0E570B5BE493B-s1

Paga Nigeria Overview

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • We are a team of passionate Africans determined to tackle what we consider a critical issue paramount to Africas development - the availability of financial services to all Africans. Paga was founded early 2009 on the simple belief that the ubiquity of mobile phones can be leveraged to bring financial services to all Africans. We aim to accomplish our mission by working in partnership with select Banks, Microfinance institutions, and all Mobile Network Operators. Innovation is at the core of our company - we strive to develop "appropriate technology" suited for the local markets where we operate. We also work hard to ensure our services are low cost and accessible via our agent network - in doing so we can strive towards universal access. Paga works on the most basic SMS enabled phone and on all mobile networks so customers have the liberty to have their Paga account available at their finger tips regardless of what phone or network they are using. For consumers, our core offering is a money transfer service - with Paga you can send money to anyone with a mobile phone. You can either use Paga by yourself (if you own a Paga account) or by going to any Paga Agent. We also offer several other products such as: buying/sending airtime credits, bill payments, and retail payments. For ultimate convenience we provide several channels for consumers to use Paga - SMS, Online, a mobile application, USSD, or IVR (automated line). Paga Merchant Services allows businesses to collect payment from all spectrums of the population - whether banked or not. By leveraging the Paga e-widget, businesses can integrate a world class online checkout process on their own websites. Businesses can also leverage our agent network to collect payment for goods and services or provide customers the convenience of paying via SMS or online at Pagas customer portal. Our current services are the beginning of a journey. Through our innovation lab "Paga labs" and in conjunction with our partners we will continue to develop and deliver valuable offerings to our customers. Together with our partners we will achieve our mission and bring financial services within reach of millions of Africans!
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is an introductory statement of the company Paga, its operations, its goals, its customers, its core offerings, and its innovation programs.
chaimaa-rachid

WorldRemit expands to Algeria - 0 views

www.worldremit.com/...worldremit-expands-to-algeria

Malawian Algeria Partnership

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • “According to the World Bank, over 80% of the Malawian population live in rural areas. Our new partnership offers recipients a variety of convenient cash pickup locations across the country, and our digital model drives down the cost of remittances as senders do not have to visit a traditional offline money agent.”
  • chaimaa-rachid on 13 Feb 21
     
    WorldRemit is improving consumer loyalty by presenting new services that permit advanced fund transfer.
nourserghini

Nigerian fintech startup Carbon launches social banking service - Disrupt Africa - 0 views

disrupt-africa.com/...aunches-social-banking-service

Carbon Service CarbonExpress Ghana

shared by nourserghini on 13 Feb 21 - No Cached
  • Its latest service – Carbon Express – enables users to initiate and complete transactions such as P2P transfers and bill payments from the keyboard without launching the Carbon app or leaving the app they are using. Instead, they will be able to access services from the touch of their keyboard enabling quicker Instagram or WhatsApp commerce.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Carbon express is one of the latest technologies implemented by Carbon which allows faster transactions through the keyboard only without the app.
chaimaa-rachid

WorldRemit raises $175M at $900M+ valuation to help users send money to contacts in eme... - 0 views

techcrunch.com/...o-contacts-in-emerging-markets

WorldRemit quick-money million

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • WorldRemit, the London startup that has focused on enabling competitively-priced, quick money transfers from migrant workers and immigrants living in developed countries back home, typically in developing countries, has raised $175 million in a Series D round of funding from TCV, Accel and Leapfrog.
  • chaimaa-rachid on 13 Feb 21
     
    In this article, we can notice that the company has grown and I think it will maintain this growth as people are satisfied with its services.
sawsanenn

Paga Definition - 0 views

www.investopedia.com/...paga.asp

FinTech E-payments Nigeria competition

shared by sawsanenn on 13 Feb 21 - No Cached
  • In order to prevent fraudulent transactions, Paga has put certain measures in place to protect its users. A user logging into an unrecognized device, for example, will have to answer a couple of security questions before proceeding. Again, every transaction using Paga has to be finalized with a personal PIN known only to the user.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Paga has placed such steps in place to protect its users in order to discourage fraudulent transactions. For example, a user logging into an unrecognized computer would have to answer a few safety questions before continuing. Again, with a personal PIN is known only to the user, any transaction using Paga must be finalized.
  • With Paga, customers are able to deposit and save money, purchase prepaid phone credit, pay utility and cable bills, and make payments to retailers. The partnership between Paga and Western Union also has the added benefit where Western Money transfers sent to users can be deposited into their Paga accounts.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it discusses Paga's offerings fist, before moving to how Paga's partnerships, here with Western Union, helped the fintech improve its offerings.
  • Paga was introduced in Nigeria to take advantage of the cash buildup in the system and to create a means whereby financial services are available to all. Although the banking sector in Nigeria is not easily accessible to everyone, the telecommunications industry has been more successful in reaching a large portion of the country’s population. The collaboration of both the banking and telecom sector has given rise to mobile banking platforms like Paga, where a user can perform basic financial transactions with the use of a cellphone. Paga works through a mobile phone application or online through the company’s website.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it narrates the context in which Paga emerged. The combination of a large unbanked/underbanked population and high accessibility to telecommunications contributed to the establishment and subsequent success of Paga n Nigeria.
  • ...1 more annotation...
  • A number of other mobile wallet and payment service platforms are increasingly being implemented in emerging nations that have a high percentage of unbanked groups. M-Pesa, MTN Mobile Money, Airtel Money, and Orange Money are examples of mobile banking applications that are being employed to include all people in the growing digital financial sphere.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt talks about companies that strated to offer the same services as paga which made them competitors to paga
ghtazi

Ethiopia: Ethio Pay to Push Visa Cards Out | MFW4A - Making Finance Work for Africa - 2 views

www.mfw4a.org/...-ethio-pay-push-visa-cards-out

VISA card ATM

shared by ghtazi on 11 Feb 21 - No Cached
  • The utilisation of Ethio Pay branded electronic cards will harness the hard currency payment to foreign companies, according to the company's management.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      This excerpt is important because EthioPay cards are being implemented more and more in commercial banks and are controlling the different payments to foreigners.
  • Currently, over six million people are using ATM Visa cards. Founded in 2011, with a capital of 80 million Br, Eth-Switch facilitated transactions worth 2.9 billion Br in the past fiscal year.
  • The utilisation of Ethio Pay branded electronic cards will harness the hard currency payment to foreign companies, according to the company's management.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this article shows that ethiopay is taking control not only of inter-banks and companies but foreign ones too.
  • ...2 more annotations...
  • Eth Switch, established by the 17 commercial banks to integrate Automated Teller Machines (ATMs) and Point of Sale (PoS), has already implemented Ethio Pay cards in five commercial banks so far, whereas the remaining are still use visa cards. Until now, the banks have been paying a lot of money for using the trademark of the VISA cards.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it explains how 17 commercial banks decided to integrate Ethiopay electronic cards in all the banks of the country, at the expense of VISA cards which have been dominating the market thus far.
  • Eth Switch S.C, the consortium of private banks, is to implement electronic cards belonging to the same brand- Ethio Pay, in all the banks of the country. Eth Switch, established by the 17 commercial banks to integrate Automated Teller Machines (ATMs) and Point of Sale (PoS), has already implemented Ethio Pay cards in five commercial banks so far, whereas the remaining are still use visa cards. Until now, the banks have been paying a lot of money for using the trademark of the VISA cards. The utilisation of Ethio Pay branded electronic cards will harness the hard currency payment to foreign companies, according to the company's management. Currently, over six million people are using ATM Visa cards. Founded in 2011, with a capital of 80 million Br, Eth-Switch facilitated transactions worth 2.9 billion Br in the past fiscal year. Source: All Africa
    • ghtazi
      ghtazi on 13 Feb 21
       
      this is important because it shows us that there are 5 commercial banks that have implemented Ethiopay cards so far.
  • mehdi-ezzaoui on 13 Feb 21
     
    Using Ethio Pay branded electronic wallets, according to management, the business can use hard currency transfers to international companies and could push VISA out
nourserghini

Startup Ecosystem Map of Ethiopia - 0 views

ethiopia.startupblink.com/...belcash

Belcash Unbanked Ethiopia Services

shared by nourserghini on 13 Feb 21 - No Cached
  • ICT platform for mobile banking: micro money transfer (P2P), pay my bill, send local/international remittances, online payment solutions, buy calling credit. Ethiopia is one of the most underbanked countries, only 5% of the population has a bank account. Currently 617 bank branches in Ethiopia are serving 85 million people. Most rural areas lack banking infrastructure. Innovation: send money directly to anyone with a mobile phone, a free bank account for the receiver is opened promptly.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Belcash provides a platform for mobile banking that includes p2p, remittances, online payment, pay my bill, etc. Belcash also has the advantage that only 5% of the population are banked which leaves 95% in need of their services in order to survive financially.
ghtazi

Mukuru | Company Profiles | Africa Outlook Magazine - 0 views

www.africaoutlookmag.com/...1130-mukuru

Mukuru Transformative Solution Easy

shared by ghtazi on 13 Feb 21 - No Cached
  • What Andy Jury is referring to is the backstory behind Mukuru.  “Our founders were in this same boat,” he adds, “and what started out as a desire to iron out personal wrinkles, in getting money home to their friends and family, morphed into a realisation that there was a massive business opportunity if we could build a simple, secure, rapid means of affordably being able to send money.”  A remittances-led financial services company that was brought to life to empower financially under-serviced migrants, Mukuru has become renowned as the go-to platform to send money in a convenient, safe and affordable manner across Africa.  “We wanted to produce a transformative solution that was simple to use and accessible to anyone with a mobile device,” Jury, the company’s Group CEO, adds. “It required us to walk in our customers’ shoes, understand the pain points they had with remitting money home and build a solution that addressed these challenges.”  And this is exactly what the company has spent the past decade doing.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Mukuru targets unbanked individuals, ignored migrants and others. The goal was to make money and remittance transfers easier and safer. I believe that they should follow WorldRemit's path and expand more internationally.
  • “We’ve attempted to stay true to this approach as our business has grown, expanded and evolved – if we continue to obsess about trying to understand what customers really need and build solutions to address these requirements, then we’ll be well placed to walk alongside our customer base as their needs evolve.”  Following this philosophy, Mukuru has developed a remittance portfolio that is characterised by a high degree of customer loyalty, trust and repeat business – features that have enabled the company to reach a total 25 million transactions, a figure recorded in late 2018.   
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt is important because it shows that innovation and improvement of customers experience are the keys to Mukuru's success since they put all their focus and attention into their customers
  • What Andy Jury is referring to is the backstory behind Mukuru.  “Our founders were in this same boat,” he adds, “and what started out as a desire to iron out personal wrinkles, in getting money home to their friends and family, morphed into a realisation that there was a massive business opportunity if we could build a simple, secure, rapid means of affordably being able to send money.”  A remittances-led financial services company that was brought to life to empower financially under-serviced migrants, Mukuru has become renowned as the go-to platform to send money in a convenient, safe and affordable manner across Africa.  “We wanted to produce a transformative solution that was simple to use and accessible to anyone with a mobile device,” Jury, the company’s Group CEO, adds. “It required us to walk in our customers’ shoes, understand the pain points they had with remitting money home and build a solution that addressed these challenges.”  And this is exactly what the company has spent the past decade doing.
    • ghtazi
      ghtazi on 13 Feb 21
       
      through this excerpt, we can see that Mukuru wanted to produce a transformation solution that will be easy to use for everyone and accessible to anyone with a mobile phone. they put themselves in the customer's shoes in order to better understand their needs and preferences.
mehdi-ezzaoui

MTN reports 23% rise in FinTech revenue to launch cash deposits and withdrawals | Naira... - 2 views

nairametrics.com/...-cash-deposits-and-withdrawals

MTN Fintech Service

shared by mehdi-ezzaoui on 12 Feb 21 - No Cached
  • MTN Nigeria, the largest mobile telecommunication firm in the country has reported a 23% rise in its FinTech revenue. This was confirmed by the company CEO, Ferdi Moolman in the company’s notes to the results
  • MTN also revealed plans to widen its FinTech service offering “from basic transfer service and airtime/data sales to a more extensive bouquet, including cash deposit and withdrawal services, bill payments and facilitating -e-commerce” it concluded.
  • MTN has also recorded an increase in data revenue which it ascribed to “greater population coverage, a revamp of our data portfolio and initiatives to drive 4G device penetration”
  • ...1 more annotation...
  • MTN’s foray into the FinTech space has often been viewed as a game-changer in a very competitive and dynamic FinTech space. With its huge balance sheet and brand power, the company has a large cash pile that it can throw into space.
  • mohammed_ab on 12 Feb 21
     
    MTN one of the largest telecommunication in the world has been investing a lot in fintech in African countries with their MoMo service. The company witnessed a rise in Fintech revenues which will enable the company to offer more fintech solutions.
  • chaimaa-rachid on 13 Feb 21
     
    From this article we can see that MTN has grown and continues to grow as more and more people will rely on them.
  • mehdi-ezzaoui on 13 Feb 21
     
    MTN's foray into the FinTech space has often been viewed as a game-changer in a very competitive and dynamic FinTech space.
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