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ghtazi

BezoMoney Technologies Limited - VC4A - 0 views

vc4a.com/...bezomoney-technologies-limited

BezoMoney fintech startup

shared by ghtazi on 27 Feb 21 - No Cached
  • Globally, two (2) billion people are unbanked, pushing them into extreme poverty and making them unable to manage financial emergencies. However, digital financial technologies present a unique opportunity to financially include the unbanked. Our mission is to leverage digital financial technologies to provide upward social mobility for the unbanked.
  • Our mission is to leverage digital financial technologies to provide upward social mobility for the unbanked.
  • BezoMoney is a fintech startup that provides digital financial products for the unbanked. Globally, two (2) billion people are unbanked, pushing them into extreme poverty and making them unable to manage financial emergencies. However, digital financial technologies present a unique opportunity to financially include the unbanked. Our mission is to leverage digital financial technologies to provide upward social mobility for the unbanked.
    • ghtazi
      ghtazi on 27 Feb 21
       
      BezoMoney is a direct competitor of Invest Mobile
sawsanenn

SimbaPay - Katapult Accelerator - 0 views

katapultaccelerator.com/...simbapay

FinTech E-payments Kenya

shared by sawsanenn on 12 Feb 21 - No Cached
  • SimbaPay is revolutionizing the $64 billion cross border payments market in Africa by allowing the diaspora community to send money directly to the banked and the unbanked at a 1/3rd of the cost of typical solutions used today. Using only the recipient’s phone number, SimbaPay’s technology ensures that payments are delivered within seconds to the recipient’s preferred mobile or bank account.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      SimbaPay sends money directly to the banked and the unbanked using only the recipient's phone number
  • SimbaPay is revolutionizing the $64 billion cross border payments market in Africa by allowing the diaspora community to send money directly to the banked and the unbanked at a 1/3rd of the cost of typical solutions used today. Using only the recipient’s phone number, SimbaPay’s technology ensures that payments are delivered within seconds to the recipient’s preferred mobile or bank account.
    • ghtazi
      ghtazi on 13 Feb 21
       
      What we can say is that is very smart to use only the mobile phone to do a transfer of money. Banked and Unbanked people could benefit from this app. As we know there is still 1,7 billion people in the world that are unbanked, I found this move very smart.
  • SimbaPay is revolutionizing the $64 billion cross border payments market in Africa by allowing the diaspora community to send money directly to the banked and the unbanked at a 1/3rd of the cost of typical solutions used today. Using only the recipient’s phone number, SimbaPay’s technology ensures that payments are delivered within seconds to the recipient’s preferred mobile or bank account.
  • ...1 more annotation...
  • SimbaPay is revolutionizing the $64 billion cross border payments market in Africa by allowing the diaspora community to send money directly to the banked and the unbanked at a 1/3rd of the cost of typical solutions used today. Using only the recipient’s phone number, SimbaPay’s technology ensures that payments are delivered within seconds to the recipient’s preferred mobile or bank account.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Simbapay is making a very good move by allowing the African community to be familiarized with digital platforms, it is a good step to make Africa more developed
mehdibella

M-Pesa - 0 views

www.vodafone.com/...m-pesa

M-pesa kenya Nairobi Fintech finance

shared by mehdibella on 12 Feb 21 - No Cached
  • M-Pesa is Africa's most successful mobile money service and the region’s largest fintech platform. M-Pesa is the preferred way to make payments across the continent both for the banked and unbanked due to its safety and unmatched convenience.
  • It also provides financial services to millions of people who have mobile phones, but do not have bank accounts, or only have limited access to banking services. Now, M-Pesa provides over 42 million people with a safe, secure and affordable way to send and receive money, top-up airtime, make bill payments, receive salaries, get short-term loans and much more.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      Even if people do not have bank accounts, they can still use M-PESA because it allows them to have access to financial services through their mobile phones.
  • In early 2020, Vodacom & Safaricom completed the acquisition of the M-Pesa brand from Vodafone Group through a newly created joint venture. The joint venture will accelerate the growth of M-Pesa through Africa by giving both Vodacom and Safaricom full control of the M-Pesa brand, product development and support services as well as the opportunity to expand M-Pesa into new African markets
    • ghtazi
      ghtazi on 13 Feb 21
       
      after that Vodacom & Safaricom acquired M-Pesa brand from the Vodafone group, they created a new joint venture that will help M-pesa to grow across Africa, which I believe is a big opportunity for the group
  • ...9 more annotations...
  • M-Pesa is Africa's most successful mobile money service and the region’s largest fintech platform. M-Pesa is the preferred way to make payments across the continent both for the banked and unbanked due to its safety and unmatched convenience.
    • kaoutarchennoufi
      kaoutarchennoufi on 13 Feb 21
       
      Thanks to its large Fintech platform, M-Pesa has managed to target both banked and unbanked people. Also, what distinguishes it, is that it does not require people to have a bank account in order to have access to its financial services, they only need to have a mobile phone.
  • In 2019, our 41.5 million active customers carried out over 12 billion transactions
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article states that M-pesa is the continent's leader in mobile money services with over 41,5 million customers from all over the continent.
  • M-Pesa is Africa's most successful mobile money service and the region’s largest fintech platform. M-Pesa is the preferred way to make payments across the continent both for the banked and unbanked due to its safety and unmatched convenience.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt is important because it defines M-Pesa as Fintech Platform, their services, and their customer target
  • Send and receive moneyDomestic transfers: M-Pesa customers can send money in real time to any other M-Pesa customer with an account registered in the same country. In most markets customers can now send money to mobile money users on other networks as well.International transfers: Through our international remittance partners, M-Pesa customers can receive and send money across borders in real time.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt describes the core services provided by M-Pesa, namely domestic transfers and international transfers.
  • LoansM-Pesa customers build a credit score that enables them to access loans via our bank partners. Products include M-Shwari and KCB M-Pesa in Kenya and M-Pawa in Tanzania. We work hard to ensure customers not only have access to credit but are also educated so they understand the implications of a loan.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This particular excerpt explains how M-Pesa provides underbanked/unbanked customers with access to loans that would change their lives and ameliorate their condition.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This page is important because it enumerates all of the different product and service offerings provided by M-Pesa, which is important to know in order to acquire a comprehensive knowledge and understanding of the company's actions.
  • What is M-Pesa?
  • M-Pesa is Africa's most successful mobile money service and the region’s largest fintech platform. M-Pesa is the preferred way to make payments across the continent both for the banked and unbanked due to its safety and unmatched convenience.  It also provides financial services to millions of people who have mobile phones, but do not have bank accounts, or only have limited access to banking services.
  • Established on 6th March 2007 by Vodafone's Kenyan associate, Safaricom, M-Pesa is Africa's leading mobile money service with more than 430,000 active agents operating across the Democratic Republic of Congo (DRC), Egypt, Ghana, Kenya, Lesotho, Mozambique and Tanzania.
  • chaimaa-rachid on 12 Feb 21
     
    This service permits clients to store cash into an account put away on their cell phone, and send it utilizing an individual recognizable proof number and secure SMS. This makes it conceivable to pay for products and services and to guarantee standard payments.
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.
nouhaila_zaki

JUMO - Wikipedia - 0 views

en.wikipedia.org/JUMO

JUMO South Africa Overview

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • The firm's customers are mostly unbanked merchants and individuals in emerging markets where the amount of active mobile money users is high.[8] According to Watkins-Ball, "A $20 loan that can be accessed without collateral in the middle of the night in a rural village can mean the difference between getting a sick person to hospital and going without medical care."[9] JUMO works with mobile network operators including Airtel, MTN Group and Tigo (Millicom) to make credit decisions for each loan application by drawing on non-traditional data points such as GSM records and mobile wallet transaction data. The platform leverages an unconventional digital credit model that does not require customers to have prior financial account ownership or a credit history. Loan decisions are automated and the digital credit application process happens over a mobile device with no need for in-person interactions.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it presents Jumo's partners, mostly mobile network operators. Also it describes the customer segment targetted by Jumo, namely the unbanked merchants and individuals in emerging markets. In addition, the excerpt explains how loans with Jumo are provided without collateral.
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. "
hibaerrai

Fawry draws a line for Egypt's unbanked | Financial Times - 0 views

www.ft.com/...d2-0667-11e2-abdb-00144feabdc0

Fawry Egypt E-payments Online Fintech Financial inclusion

shared by hibaerrai on 09 Feb 21 - No Cached
  • To minimise risk, shops where the services are available buy credit in advance from Fawry before they collect any money from the public, earning a cut from the fees.
  • “Acceptance is critical to us and we have been keen to develop solutions to expand the acceptance footprint,” he says. “The alliance with Fawry helps this by adding segments that were not accessible before. It is a typical fit with our strategy for penetrating the unbanked segment.”
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      For those who do not know how to use technology or never visited banks, which represent the majority of the population, Fawry offers bill payment at the corner store. Fawry's services are available at 16,000 retailers and 1,300 post offices. This kind of services is the main reason behind the sudden development of the country's economy as financial services were available to more people, and more importantly to unbanked and underbanked.
  • For the majority of the population, who have never touched a keyboard or stepped through the doors of a bank, Fawry offers bill payment at the corner store. It has a growing network of collection points at small grocers, stationers and chemists, which are equipped with point-of-sale machines – the same ones used for credit card payments. Fawry’s services are available at 16,000 retailers and 1,300 post offices, advertised by its bright blue and yellow logo.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it describes the scope of the current network that Fawry enjoys in Egypt, something that can be useful for developing strategies for growth.
  • ...2 more annotations...
  • It has teamed up with MasterCard to launch an online payments portal, and 12 banks (representing 80 per cent of Egypt’s banking capacity) offer its services through their ATMs, over the counter, or on their websites.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      Here the excerpt is important because it introduces a key partnership underwent by Fawry, namely the one with Mastercard; in addition to what this partnership entails for Fawry's operations (positive impact since Fawry could launch an online payments portal + offering of Fawry services by several banks).
  • “The problem in Egypt is that companies which have bank accounts sell services to people with no bank accounts,” says Ashraf Sabry, chief executive and a founder of Fawry. Among its owners are the technology development fund; a public-private partnership, Raya; a local technology company; and a group of banks including HSBC. “You could say the sellers are at the top of a pyramid and the buyers at the bottom. We connect them.”
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Unbanked individuals rights in Egypt are ignored. Fawry's goal was to give them the opportunity to financial services as well, and increase the country's financial inclusion.
  • samielbaqqali on 11 Feb 21
     
    This is a smart move because minimising the risk in this kind of operations is very important.
sawsanenn

Paga: Send and Receive Money - 0 views

www.mypaga.com

Nigeria FinTech E-payments

shared by sawsanenn on 10 Feb 21 - No Cached
  • Paga is a mobile payment company. We are building an ecosystem to enable people to digitally send and receive money, and creating simple financial access for everyone.
    • sawsanenn
      sawsanenn on 10 Feb 21
       
      These types of digital financial services offered to the mass market and increasing the usage of mobile money can play a strong role in promoting inclusive growth.
  • Banked or unbanked, online or offline Paga offers you a central place for simple money transfers.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Like simbapay, Paga's target customers are the ones that have a Smartphone. it does not matter if they are banked or not.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects what Paga proposes for individuals (banked or unbanked) very briefly.
  • Paga for Agents Earn a commission for every transaction you perform for your customers. Paga for Business Accept payments or disburse money to banked or unbanked customers in Nigeria
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it provides a concise introduction of what Paga offers for Agents (a commission on every transaction) and for Businesses (receive or make payments to banked or unbanked customers) in Nigeria.
  • ...2 more annotations...
  • We ensure that your money is safe by complying with the highest global security standards.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is very important because it claims that Paga is compliant with the highest global security standards. It is very good to know that because cyber security is a core concern for all companies offering digital services.
  • Enjoy a smooth and stress-free money transfer experience across all your devices.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      paga offers a free and easy money transfer that make transactions go smoothly without any technical issues
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..
mohammed_ab

Kiva Is Really A Crowdfunded Bank For Refugees And Other 'Unbankables' - 2 views

www.forbes.com/...refugees-and-other-unbankables

Kiva Crowdfunding Entrepreneurs

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Kiva lenders receive on average about 96% of their money back and agree not to receive interest. “It is done philanthropically,” Shah says. For many, presumably, it is their first impact investment.
  • Kiva lenders receive on average about 96% of their money back and agree not to receive interest. “It is done philanthropically,” Shah says. For many, presumably, it is their first impact investment.
  • mohammed_ab on 13 Feb 21
     
    I like the fact that almost all lenders in Kiva platform don't receive interest in return. I think it's really hard to find someone that agrees to lend you money without paying interest in return. I really like the fact that these lenders see their investments in this platform as a social act and not as an act for personal gains.
  • mehdi-ezzaoui on 13 Feb 21
     
    kiva a solution for refugees and unbankables
mbellakbail69

Africa's Jumo raises $52M led by Goldman to bring its fintech services to Asia | TechCr... - 0 views

techcrunch.com/...jumo-raises-52m-led-by-goldman

shared by mbellakbail69 on 13 Feb 21 - No Cached
  • Asia’s fintech scene is poised to get a little larger after Jumo, a company that offers loans to the unbanked in Africa, revealed plans to expand into the continent. To get the ball rolling, Jumo has opened an office in Singapore to lead the way and landed a massive $52 million investment led by banking giant Goldman Sachs to fuel the growth.
  • Asia’s fintech scene is poised to get a little larger after Jumo, a company that offers loans to the unbanked in Africa, revealed plans to expand into the continent. To get the ball rolling, Jumo has opened an office in Singapore to lead the way and landed a massive $52 million investment led by banking giant Goldman Sachs to fuel the growth.
  • mohammed_ab on 13 Feb 21
     
    After a great success in serving unbanked people in the African continent, Jumo is now expanding to Asia. The company secured $52 Million from Goldman Sach to finance this expansion.
nouhaila_zaki

How TPAY MOBILE is supporting inclusion across the Middle East and Africa - TPAY MOBILE - 4 views

tpaymobile.com/oss-the-middle-east-and-africa

TPAY Algeria Financial inclusion

shared by nouhaila_zaki on 07 Feb 21 - No Cached
  • And today our technology does just that, by allowing merchants and operators to accept mobile payments from consumers without the need for a traditional bank account.
    • nouhaila_zaki
      nouhaila_zaki on 07 Feb 21
       
      This reflects how the company targets underbanked groups, and how it achieves financial inclusion.
  • Coupled with the differing financial, legal, and operational processes across the MEA region is limited access to traditional banking infrastructure, with 63% (circa 1 billion) of the adult population unbanked. While this is a common trait in emerging markets, it does mean that traditional transactions based on credit and debit cards are not a realistic prospect for many consumers. However, with smartphone penetration growing apace, and with it the ability and desire to purchase goods and services through digital channels, there is an increasing need for alternative payment methods to support access and consumption.
    • nouhaila_zaki
      nouhaila_zaki on 07 Feb 21
       
      Here the article explains why there is a need for TPAY Mobile products: 1- Largely unbanked population = traditional transactions based on debit and credit cards are not realistic. 2- Smartphone penetration + ability & desire to purchase digitally = need for alternative payment methods.
  • And our team’s inclusion efforts don’t stop there. TPAY MOBILE employees have been volunteering and hosting financial literacy workshops with INJAZ Egypt, a non-profit organization empowering young people to own their economic success through partnering with businesses and educational institutions across the country.
    • nouhaila_zaki
      nouhaila_zaki on 07 Feb 21
       
      Social work for financial inclusion appears to be a priority for the company. Collaboration with an NGO in Egypt reflects that.
  • kenza_abdelhaq on 07 Feb 21
     
    Very interesting company! Even though it is an Algerian company, its scope goes beyond the African borders to include the whole MEA region!
samielbaqqali

#40Days40FinTechs: JUMO is offering social impact financial products to the unbanked. -... - 0 views

www.digital-impact-awards.com/...ncial-products-to-the-unbanked

Financial services Fast Jumo

shared by samielbaqqali on 11 Feb 21 - No Cached
  • They use advanced data science and machine learning to create the fastest and leanest financial services infrastructure, according to Joel Muhumuza, the country manager JUMO Uganda.
  • samielbaqqali on 11 Feb 21
     
    Rapidity in the digital world is an important detail for businesses to encourage customers.
aminej

Zeepay - United Nations Partnerships for SDGs platform - 0 views

sustainabledevelopment.un.org/...partners

Sustainable Development Goals Fintech Mobile Service Money Ghana

shared by aminej on 12 Feb 21 - No Cached
  • Zeepay’s objective is to include about 50% of the unbanked population and to ease payments and collections for the banked population in Ghana through the provision of mobile financial services with retail enablement.
    • aminej
      aminej on 12 Feb 21
       
      They are also aiming to achieve some sustainable development goals (1/5/10/17), mostly by reducing the number of unbanked people wich remains one of the biggest challenges of African countries
mohammed_ab

An investigation of Safaricom M-Pesa strategies in enhancing mobile money transfer serv... - 0 views

erepository.uonbi.ac.ke/...59108

M-Pesa Mobile Money Africa Fintech

shared by mohammed_ab on 12 Feb 21 - No Cached
  • The positioning of the M-Pesa product to capture the unbanked segment of the population especially in the lower income level bracket by providing a product that can easily and conveniently be accessed has made the M-Pesa become popular among the low income earners customers.
  • Strategies used by Safaricom to popularize the M-pesa product were an adoption of technology in the product development that has given it an edge over the other players. This has come about due to the increased investment in innovation and that employee’s use modern technology in their processes. The low cost strategy model also came out as yet another strategy that is used, Japanese concept of continuous improvement of a product or Kaizen, product differentiation through offering M-Pesa products with unique or superior value to the customer through product quality, features, or after-sale support.
  • mohammed_ab on 12 Feb 21
     
    I liked how M-Pesa positioned itself in the consumers who were unbanked and with little access to financial service. The company provided them with an easy to access solution to transfer money, which made the company very popular among the low-income community. It's also very interesting to see that the strategy used by the company was to use technology that allowed the service to work on non-smart phones.
hichamachir

Pula Partners CGAP to Bring Satellite-Based Agricultural Insurance to 18 Million Nigeri... - 1 views

techmoran.com/...-million-nigerian-smallholders

Pula Partners Fintech Insurance

shared by hichamachir on 13 Feb 21 - No Cached
  • Over 2.5 billion of the world’s adults remain unbanked and have no access to formal banking or semiformal microfinance institutions according to a report by McKinsey.
  • Pula Advisors, a fintech firm reimagining agricultural insurance to protect smallholders worldwide, with operations in Kenya, Rwanda, Uganda, Nigeria, Ethiopia and Malawi has partnered with the Consultative Group to Assist the Poor (CGAP) to deploy satellite-based agricultural insurance to smallholder farmers in Nigeria who are estimated to be around 18 million. With the partnership, Pula will install satellite technology to track a wide range of catastrophes cost effectively, at speed and without missing out on any areas.
  • “We hope that the high-quality yield and satellite data available today will enable local insurers and Pula Advisors to create an innovative yield predictive model that decreases the cost of area yield index insurance. At the end of the day, we want to make this product more accessible to smallholder families, allowing them to invest with more confidence and increase their yields,” said Emilio Hernandez, who leads CGAP’s work with smallholders.
  • mohammed_ab on 13 Feb 21
     
    This article highlights the partnership between Pula and CGAP, which enabled Pula to use satellites to better study & analyze the lands of farmers. The use of satellites will allow Pula to be very cost-effective and quick in analyzing weather uncertainty.
  • hichamachir on 13 Feb 21
     
    I like how Pula always thinks about improving its technology. Using partnerships in order to improve the business you is always a great idea. I highly support that.
mohammed_ab

Building Trust and Growing Digital Financial Services: A Look at JUMO | Center for Fina... - 0 views

www.centerforfinancialinclusion.org/ancial-services-a-look-at-jumo

JUMO Africa Financial inclusion

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Our work breaks new ground by including many customers that have never accessed formal financial services before. This is exciting, but also means we have a significant responsibility to make sure their first formal financial services experience is positive and empowering. That’s really important to us, so we’re open to testing, learning, sharing and collaborating – it’s a part of our contribution to building the digital financial services ecosystem.”
  • mohammed_ab on 13 Feb 21
     
    I think that any fintech company that serves unbanked people should have this spirit of JUMO. They understand that they have a lot of responsibility to educate those unbanked people and make sure that their first experience with JUMO or with any other fintech service is positive.
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.
mohammed_ab

Continuing Its Mission Expansion, Kiva Announces A Fund For Unbanked Refugees - 0 views

www.forbes.com/...s-a-fund-for-unbanked-refugees

Kiva Crowdfunding Social Impact

shared by mohammed_ab on 13 Feb 21 - No Cached
  • While refugees need immediate humanitarian aid, of course, they generally struggle to find work or start a business over the long-term. That’s, in part, because financial institutions usually won’t lend to them. The fund also will be the first institutional investment opportunity from Kiva Capital Management, an asset manager slated to launch as a subsidiary later this year. The organization describes it as "impact-first", that is, returns will be concessionary.
  • mohammed_ab on 13 Feb 21
     
    Kiva is doing a great job by opting for social purposes because these kinds of projects usually help improve the company's reputation.
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