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mehdibella

Vodafone M-Pesa: Voda-Idea explores M&A for Vodafone M-Pesa - 0 views

economictimes.indiatimes.com/...69323972.cms

M-pesa kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Voda-Idea explores M&A for Vodafone M-Pesa
  • MUMBAI: Vodafone M-Pesa Ltd. (VMPL), the payments wallet owned by Vodafone Idea, is considering merging its business with an associate company or a third party, but in the interim, has applied to the Reserve Bank of India (RBI) for extension of its prepaid payment instrument (PPI) license.
  • The moves are prompted by the fact that Vodafone Idea - created by the merger of Vodafone India and Idea Group – holds 100% of Vodafone M-Pesa Ltd. (VMPL) besides 49% shareholding in Aditya Birla Idea Payments Bank Limited (ABIPBL).
samielbaqqali

Vodafone, MTN Can Share Client Data With Ghana to Trace Contacts - Bloomberg - 1 views

www.bloomberg.com/...a-with-ghana-to-trace-contacts

MTN Fintech Vodafone

shared by samielbaqqali on 12 Feb 21 - No Cached
  • Vodafone and MTN’s Ghanaian units are allowed to share subscriber data with the government to help it track down the contacts of coronavirus cases, a high court in Accra ruled Tuesday.
  • Vodafone and MTN’s Ghanaian units are allowed to share subscriber data with the government to help it track down the contacts of coronavirus cases, a high court in Accra ruled Tuesday.
  • Vodafone and MTN’s Ghanaian units are allowed to share subscriber data with the government to help it track down the contacts of coronavirus cases, a high court in Accra ruled Tuesday.
    • samielbaqqali
      samielbaqqali on 13 Feb 21
       
      A clear example of the advantages of alliances is this. In order to help track covid19 cases in Ghana, MTN and Vodafone use their power of technology. Fintechs, I guess, are the biggest winners in this pandemic.
  • hichamachir on 12 Feb 21
     
    This is a good example of the benefits of partnerships. MTN and Vodafone use their technology power in order to help tracing covid19 cases in Ghana. I think that Fintechs are the biggest winners during this pandemic.
  • hindelquarrouti on 13 Feb 21
     
    The fact that MTN will help the government in tracking down coronavirus cases will most likely benefit the image of the company and increase the trust of its customers.
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. "
sawsanenn

Is M-Pesa really Kenyan or British? - 1 views

www.iafrikan.com/...m-pesas-origins

Financial inclusion FinTech Service Africa Kenya

shared by sawsanenn on 12 Feb 21 - No Cached
  • Hailed as the “Kenyan technology success story”, many have claimed M-PESA to be a testimony to the greatness of the East African country’s technology scene, producing world-class technology companies that rival those in South Africa. However, is the acclaimed mobile money service really Kenyan at all? The answer is no. M-PESA is British.
    • hichamachir
      hichamachir on 12 Feb 21
       
      M-Pesa can be a british company but it's becoming part of the Kenyan culture. It's not important whether it's British or Kenyan, the most important thing is that M-Pesa revolutionized the Kenyan economy and played a huge role to develop the financial industry in Kenya.
  • By any stretch of the currently available facts, the service that accounts for more than 60 percent of Kenya’s GDP in transactions was conceived by British professionals. The company commissioned with developing the idea, Sagentia, into a workable technology was British. Additionally, the company that owns the intellectual property rights to the idea, Vodafone, is British and, lastly, it was funded in its initial stages by the British Government.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      M-Pesa may be a British business, but it is becoming a part of the culture of Kenya. Whether it's British or Kenyan, the most important thing is that M-Pesa has revolutionized the Kenyan economy and played a major role in the growth of Kenya's financial sector.
  • Nyagaka Anyona Ouko, a Kenyan from Nairobi, claims he is the innovator of M-Pesa and claims that Vodafone and its representatives stole the idea of Mobile Cash Transfer from him.
    • ghtazi
      ghtazi on 13 Feb 21
       
      there is a lot of perspectives about the fact that M-Pesa is not really a Kenyan product but a British product. Nyagaka Anyona Ouko, a Kenyan from Nairobi, claims he is the innovator of M-Pesa and accuses Vodafone of plagiarism. but the story vanished quicker than it appears.
  • ...2 more annotations...
  • Despite this certificate being awarded in 2012 and being stated as being in the LITERARY category, Ouko insists he is the original M-PESA innovator and further elaborates by saying that he has been “trying to Patent a Money Transfer system way back in 2003”. Even though he says that he believes many more Kenyans contributed to the innovation and development of M-PESA without recognition or reward, he writes, “Even though I currently believe I am the one, I start this with an open mind. If another person or firm comes forward with compelling proof I am ready to step aside and support that person.”
  • By any stretch of the currently available facts, the service that accounts for more than 60 percent of Kenya’s GDP in transactions was conceived by British professionals. The company commissioned with developing the idea, Sagentia, into a workable technology was British. Additionally, the company that owns the intellectual property rights to the idea, Vodafone, is British and, lastly, it was funded in its initial stages by the British Government.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt is important because it shows how M-Pesa helped in the economic growth of Kenya. They also helped in expanding the fintech culture in the country
mehdibella

GSMA | Meet our portfolio start-ups: AgroCenta, Ghana | Mobile for Development - 0 views

www.gsma.com/...olio-start-ups-agrocenta-ghana

ghana Fintech Agrocenta

shared by mehdibella on 12 Feb 21 - No Cached
  • The start-up provides access to truck delivery services and real-time market information via SMS and IVR. Building on this platform, AgroCenta now enables farmers to receive mobile money, build their credit score and access financial services (like crop insurance) through its latest mobile product, AgroPay.
  • In a country where agriculture is the primary economic occupation of many — employing 52 per cent of Ghana’s labour force — the AgriTech start-up launched AgroTrade, an online platform that connects smallholder farmers in the staple food value chain to a wider online market.
    • nouhaila_zaki
      nouhaila_zaki on 12 Feb 21
       
      This excerpt is important because it reflects the importance of agriculture in Ghana, and which products/services offered by AgroCenta serve to do: AgroTrade connects smallholder farmers to a wider online market & AgroPay allows farmers to receive money, build their credit score and access financial services i.e. crop insurance through their mobile phones.
  • In Ghana, AgroCenta has set up a mobile money API integration partnership with MTN and Vodafone to pay smallholder farmers directly and seamlessly via mobile money through its AgroPay platform.
    • nouhaila_zaki
      nouhaila_zaki on 12 Feb 21
       
      This part reflects the collaborations engaged by AgroCenta with mobile operators MTN and Vodafone to support financial literacy and facilitate the transfer of mobile money.
  • ...5 more annotations...
  • Both mobile operators will also be supporting AgroCenta farmers with financial literacy training on-the-ground. AgroCenta has also strengthened its partnership with Vodafone Ghana to allow smallholder farmers on its platform to access free voice calls between farmers and discounted mobile devices and bundles
  • Both mobile operators will also be supporting AgroCenta farmers with financial literacy training on-the-ground. AgroCenta has also strengthened its partnership with Vodafone Ghana to allow smallholder farmers on its platform to access free voice calls between farmers and discounted mobile devices and bundles
  • Through this partnership, Vodafone Ghana can liaise with the AgroCenta team to onboard AgroCenta farmers on its Small Office/Home Office (SoHo) packages.
    • mehdibella
      mehdibella on 13 Feb 21
       
      As of July 2019, AgroCenta had registered 46,100 smallholder farmers on the AgroTrade platform across four regions and 640 communities.
  • As of July 2019, AgroCenta had registered 46,100 smallholder farmers on the AgroTrade platform across four regions and 640 communities.
  • lack of access to structured markets, which leaves them at the mercy of predatory brokers or middlemen who buy at exploitative prices, and lack of access to finance, which means they may never move beyond smallholder farming to middle-level or even commercial farming.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      The inability of smallholder farmers to access markets pushes them to sell to middlemen with exploitative prices and the incapacity to get loans also prevents these farmers to grow.
  • kenza_abdelhaq on 13 Feb 21
     
    "lack of access to structured markets, which leaves them at the mercy of predatory brokers or middlemen who buy at exploitative prices, and lack of access to finance, which means they may never move beyond smallholder farming to middle-level or even commercial farming."
kenzabenessalah

M-Pesa Expands to Europe with Service Launch in Romania | Center for Financial Inclusion - 0 views

www.centerforfinancialinclusion.org/with-service-launch-in-romania

Romania M-PESA Operations

shared by kenzabenessalah on 12 Feb 21 - No Cached
  • M-Pesa, the mobile money service success story that began in Kenya in 2007 is continuing its march, this time into the surprising location of Romania, raising the questions, what will the product look like in this new European market and how will it fare. At the end of last month Vodafone, the operator behind the new service and one of Romania’s largest telcos, began operations using the country’s 300 Vodafone Romania stores, participating retail outlets, and authorized agents.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      What I found surprising was the fact that M-PESA began operating in Africa and then entered the Romanian market
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.
sawsanenn

M-PESA | Innovations for Poverty Action - 1 views

www.poverty-action.org/...m-pesa

Financial inclusion Africa FinTech Service

shared by sawsanenn on 12 Feb 21 - No Cached
  • M-Pesa (M for mobile, pesa is Swahili for money) is a mobile-phone based money transfer and microfinancing service, launched in 2007 by Vodafone for Safaricom and Vodacom, the largest mobile network operators in Kenya and Tanzania. It has since expanded to Afghanistan, South Africa, India and in 2014 to Eastern Europe. M-Pesa allows users with a national ID card or passport to deposit, withdraw, and transfer money easily with a mobile device.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      Instead of going through the hassle of depositing or transferring money face to face, people can do that through a mobile device.
  • M-Pesa allows users with a national ID card or passport to deposit, withdraw, and transfer money easily with a mobile device.
    • ghtazi
      ghtazi on 13 Feb 21
       
      M-Pesa allows users that have a national ID card or passport to use their mobile phones either to transfer money, deposit, or withdraw easily and safely.
  • M-Pesa (M for mobile, pesa is Swahili for money) is a mobile-phone based money transfer and microfinancing service, launched in 2007 by Vodafone for Safaricom and Vodacom, the largest mobile network operators in Kenya and Tanzania. It has since expanded to Afghanistan, South Africa, India and in 2014 to Eastern Europe. M-Pesa allows users with a national ID card or passport to deposit, withdraw, and transfer money easily with a mobile device.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      M-Pesa extended its business in different countries and in the different continent which allowed her to attract more customers and grew its business
hindelquarrouti

Good practice - M-PESA International Money Transfer Service, Safaricom - 0 views

www.ilo.org/...lang%3Den%26p_practice_id%3D70

M-peas International money transfer

shared by hindelquarrouti on 12 Feb 21 - No Cached
  • M-PESA's International Money Transfer (IMT) service allows anyone wishing to send money to Kenya to visit one of several Safaricom IMT partners (such as Post Finance, World Remit, and Western Union) and send money to an M-PESA mobile phone in Kenya. Money transfers are received almost instantly, and at no expense to the recipient.
  • M-PESA is the result of a partnership between Vodafone and Safaricom, a Kenyan mobile network operator. M-PESA's International Money Transfer (IMT) service allows anyone wishing to send money to Kenya to visit one of several Safaricom IMT partners (such as Post Finance, World Remit, and Western Union) and send money to an M-PESA mobile phone in Kenya.
  • chaimaa-rachid on 12 Feb 21
     
    M-Pesa is designed for everyone but it is explicitly intended for customers who do not have access to banks or because they don't have a bank account or in light of the fact that they live excessively far away from a bank office.
  • hindelquarrouti on 13 Feb 21
     
    M-pesa, that promoted financial inclusion in Kenya, was originally created from a partnership between Vodafone and Safaricom. It has enabled Kenyans to send money and make online payments. Also, it has made sure that the transfers were made instantly and no expenses were made for the receiving party.
samielbaqqali

Ghana's banks may find themselves undercut by MTN's mobile money - 1 views

www.theafricareport.com/...-undercut-by-mtns-mobile-money

MTN Fintech Africa

shared by samielbaqqali on 12 Feb 21 - No Cached
  • According to the World Bank, Ghana is the fastest-growing mobile-money market in Africa. Mobile operators MTN, AirtelTigo and Vodafone currently lead the industry. Banks are pushing digital banking in Ghana, but with less success, according to a report from Tellimer in September. Banks such as Ecobank, Fidelity, Zenith and Standard Chartered can use Ghana’s improving digital infrastructure to widen inclusion, Tellimer says. But the firms points to downside for banks through possible loss of deposits and lower margins on digital products due to the competition. Mobile money may lead to the “cannibalisation” of some banking products, Tellimer says. “Banks will have to fight for transactions and deposits.”
  • MTN is the dominant player with about 90% of mobile money transactions.
  • It will take other players a “lot of marketing and effort or very innovative strategies” to compete with MTN,
  • ...2 more annotations...
  • Mobile operators MTN, AirtelTigo and Vodafone currently lead the industry.
  • A few years ago, Adovor says, he would have had to endure the traffic driving across Accra to pay cash. “Mobile money is facilitating business and that will increase as more and more people use digital platforms,” he says. Backed by a supportive regulatory environment, mobile money has become the preferred payment method for Ghana’s small businesses.
    • samielbaqqali
      samielbaqqali on 13 Feb 21
       
      The mobile payment industry is rapidly rising. In Ghana, MTN is one of the leaders in this market. Banks may seem old-fashioned, however, but they still have the financial resources to embrace the new technology and develop their digital services, so I would like to think that this is something that MTN needs to be cautious about.
  • hichamachir on 12 Feb 21
     
    The mobile payment industry is growing fast. MTN is one of the leaders in this market in Ghana. However, banks might seem old fashioned but they still have the financial capital to adopt the latest technologies and improve their digital services, so I would like to say that MTN needs to be careful of this point.
  • hindelquarrouti on 13 Feb 21
     
    MTN clearly gained customers' trust and become the most dominant player in the fastest growing mobile money market in Africa. This has definitely raised the barriers to entry for other competitors or traditional banking in the sector.
sawsanenn

The Story of M-Pesa | TechChange | The Institute for Technology and Social Change - 0 views

www.techchange.org/...the-story-of-m-pesa-2

Financial inclusion Africa FinTech Service Kenya

shared by sawsanenn on 13 Feb 21 - No Cached
  • the popular mobile money transfer program, came to be in Kenya. It’s narrated by Michael Joseph, the managing director of mobile money at Vodafone and the program’s founder.
    • ghtazi
      ghtazi on 13 Feb 21
       
      m-pesa is a popular mobile money transfer program, that was created by Micheal Joseph who's the managing director of mobile money at Vodafone.
  • The animation was produced as part of a series of online courses designed and delivered by the USAID Mobile Solutions Team, QED, and TechChange, a DC-based organization that specializes in online training for international development.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt shows organizations that collaborate with M-pesa about the transfer money program
nouhaila_zaki

Vodafone targets Africa's unbanked with ambitious plans for M-Pesa | Financial Times - 0 views

www.ft.com/...8e-e07d-11e9-9743-db5a370481bc

M-Pesa Kenya Vodafone Partnerships Offerings

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Any move to disrupt M-Pesa would have a dramatic effect on the Kenyan economy. Joshua Oigara, head of the Kenyan bank KCB Group which is a partner of Safaricom for M-Pesa, estimates that about a quarter of Kenya’s gross domestic product is processed over the platform. M-Pesa is already used to pay salaries, book bus tickets and settle invoices in most of its markets. In Kenya it has expanded into more advanced financial services including small loans, supply chain finance, insurance and a growing number of in-store and ecommerce services.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important, not only because it enumerates the different product offerings of M-Pesa i.e. salaries' payment, loan provision, supply chain finance, insurance etc. And most importantly, the excerpt emphasizes the role of M-Pesa as the backbone of Kenyan economy.
hindelquarrouti

M-Pesa FAQs - 0 views

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

M-pesa inclusion Fintech

shared by hindelquarrouti on 12 Feb 21 - No Cached
  • M-Pesa offers a safe, fast and low-cost way to pay, receive, transfer and store money. M-Pesa, works in real time and digitally, making it faster and cheaper than traditional informal money transfer services (e.g. sending money on a bus) and safer since every transaction is protected and signed with a PIN.
  • M-Pesa is specifically designed to benefit customers who have no access to banks - either because they do not have a bank account or because they live too far away from a bank branch. Each transaction is made with a mobile handset, enabling our customers to send money from any location.
  • chaimaa-rachid on 12 Feb 21
     
    The client doesn't need to have a bank account or any extravagant cell phone. The individual only has to enroll for an M-Pesa account with Safaricom. M-Pesa offers a fast business and clients are truly satisfied with it.
  • hindelquarrouti on 13 Feb 21
     
    It is interesting to see that M-pesa promoted financial inclusion without making its customers be necessarily bounded to it. This might be the element that led unbanked people embrace it even more. It doesn't require a bank account, yet it gives you the benefit of financial services.
nouhaila_zaki

Ant and Covid have made the humble QR code a hit | Financial Times - 0 views

www.ft.com/...4c-141c-487f-afb4-cd4c92e823fd

M-Pesa Kenya Offerings Scope

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • The Chinese platforms were not the only payment innovation using mobile phones at the time. Safaricom, a mobile phone operator, launched its M-Pesa payment system in Kenya in 2007, allowing people to load cash on e-wallets and send it by text. M-Pesa is now in seven countries and has its own QR-based smartphone app.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it brings to the fore a very interesting functionality of M-Pesa, in addition to the number of countries that use M-Pesa regularly.
  • nouhaila_zaki on 13 Feb 21
     
    "The Chinese platforms were not the only payment innovation using mobile phones at the time. Safaricom, a mobile phone operator, launched its M-Pesa payment system in Kenya in 2007, allowing people to load cash on e-wallets and send it by text. M-Pesa is now in seven countries and has its own QR-based smartphone app."
nouhaila_zaki

10 years of M-Pesa: The world's most successful money transfer service | E-Agriculture - 0 views

www.fao.org/...cessful-money-transfer-service

M-PESA Businesses Customers

shared by nouhaila_zaki on 12 Feb 21 - No Cached
  • M-Pesa also works for businesses, which can use the service to pay for business transactions. Business can also receive payments from customers via the paybill facility and can pay employees directly into their M-Pesa accounts.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      It's important to know that M-PESA is not meant only for people, but also for business as well to facilitate their transactions.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      Here, this except describes what M-Pesa provides for businesses and shows another customer segment of the company.
  • In order to use M-Pesa, customers have to register for the service at an authorised agent and deposit cash in exchange for electronic money which they can send to their family or friends. All transactions are secured by entering a PIN number and both parties receive an SMS confirming the transferred amount. The recipient receives the electronic money in real-time and then redeems it for cash by visiting another agent.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      All transactions through M-Pesa are using telecommunications and are secured by a PIN number for both parties and SMS confirmation.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it describes the product and service offerings that M-Pesa provides for individuals.
  • M-Pesa (M is for mobile, “pesa” is Swahili for “money”) was launched by Safaricom, Vodafone’s Kenyan associate, on March 6, 2007. The service is designed to safely send receive and store money via a simple mobile phone. The service also allows customers to make bill payments and top-up airtime.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      Here the excerpt reflects the partnership between Vodafone and Safaricom (founder of M-Pesa) and the initial goal of the service.
mbellakbail69

Fawry: Making Payments Easier For 22 Million Egyptians | EgyptInnovate - 1 views

egyptinnovate.com/...ts-easier-22-million-egyptians

shared by mbellakbail69 on 13 Feb 21 - No Cached
  • echnology and its trends has made our lives easier especially in the fields of financial technology and payments. Now there are more advanced ways of payments and one of the most important players in Egypt in this field is Fawry. Fawry offers financial services to consumers and businesses through different channels and locations. Through Fawry you can pay your mobile, landline and utilities bills, donate money, renew your car license and more. Fawry was founded in 2008 and officially started in the market in 2010. They now have offered their service to reach 80,000 points of service in 300 cities all over Egypt. Their portfolio of businesses include: Orange, Vodafone, Etisalat, Go Bus, Lynks, Anghami, Ahl Misr Foundation, Resala and more
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Fawry made sure to regroup the strongest team from the beginning to work smoothly on the project. Also, they worked hard on changing the culture within the country, and push people to go for non traditional payment methods.
  • We started by hiring the best people we could find, for any startup to succeed it needs a really strong team especially at the beginning. We also got a good fund at the beginning from different entities such as Raya Holding, Technology Development Fund (Ideavelopers), Arab African International Bank, HSBC, Alexbank and other banks, this is what helped us build our brand.
  • Strong team management and good negotiation skills. The second thing is that it was a mutual investment fund, those investors already liked Fawry’s model and didn’t want to change anything but just help accelerate our growth with some cash. We are now a large corporate but with the spirit of a startup. Even until now, we appreciate everyone’s input at the company whether they have been working here for a month or 5 years. it doesn’t matter.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      Fawry was the only one investing in the business during that time.
  • mohammed_ab on 13 Feb 21
     
    I like how this excerpt underlines the different investors who believed in the value proposition of Fawry from the beginning. We see big names like HSBC that saw the potential of the idea and invested in the start-up.
mehdibella

Afrique : La success story Kényane M-Pesa bien décidée à conquérir l'Europe -... - 0 views

startupbrics.com/enyane-m-pesa-conquete-leurope

M-pesa kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Afrique : La success story Kényane M-Pesa bien décidée à conquérir l’Europe
  • M-Pesa permet aux détenteurs de mobiles d’effectuer toutes sortes d’achats en un claquement de doigts. Qu’il s’agisse de régler ses factures d’électricité, de rembourser ses frais de scolarité, de réserver des billets d’avions ou tickets de bus ou encore de faire ses emplettes alimentaires, M-Pesa est aujourd’hui devenu un acteur économique incontournable au Kenya depuis sa création en 2007
  • M-Pesa, joyau de l’opérateur national kényan Safaricom (détenu à 40% par Vodafone), regarde maintenant vers les marchés du Nord, et notamment vers l’Europe de l’Est, à commencer par la Roumanie : pays où la grande majorité de la population est connectée (possède au moins un téléphone mobile) mais pas totalement bancarisée.
mehdibella

M-Pesa : quel miracle pour réussir hors du Kenya ? - Jeune Afrique - 0 views

www.jeuneafrique.com/...cle-pour-reussir-hors-du-kenya

M-pesa kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • C’est un retour en force aux allures de pari. Quatre ans après avoir retiré M-Pesa du marché sud-africain, l’opérateur de télécommunications Vodacom a annoncé en juillet le lancement d’un nouveau service de paiement par mobile. L’offre sera conçue en partenariat avec Ant Financial Services Group, un groupe chinois qui commercialise le puissant service de mobile money Alipay, créé par le fondateur du site d’e-commerce Alibaba, Jack Ma.
    • aminej
      aminej on 13 Feb 21
       
      I believe that with the funds and experience of AliBABA they will manage to do great at the international level this time. Chinese are known for their very efficient telecommunications companies so I think that it will be good for M-pesa to gain such knowledge from chinese
  • Cette fois-ci, la filiale africaine de Vodafone tente à nouveau l’aventure sans s’appuyer sur M-Pesa, dont elle est pourtant devenue cette année le coactionnaire aux côtés de Safaricom, afin de justement favoriser son développement.
  • M-Pesa : quel miracle pour réussir hors du Kenya ?
  • ...2 more annotations...
  • Est-ce un complexe de supériorité hérité de son histoire kényane ? À Nairobi, M-Pesa a profité, depuis sa création en 2007, de la domination de l’opérateur Safaricom – qui captait plus de 84 % des parts de marché sur le mobile au moment de son lancement, et en détient désormais 87 % – et de la bienveillance du régulateur.
  • Additionnées, les activités hors du Kenya enregistrent donc un succès tout relatif avec un total de 14,7 millions de clients représentant environ 38 % de la base clients totale de M-Pesa.
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. "
sawsanenn

Vodacom and Safaricom in the driver's seat for M-Pesa - 0 views

www.theafricareport.com/...in-the-drivers-seat-for-m-pesa

Financial inclusion FinTech Service Africa

shared by sawsanenn on 12 Feb 21 - No Cached
  • M-Pesa, the mobile-money platform that helps millions of people on the continent to make financial transactions, is now under stronger African control. This follows the successful conclusion of the acquisition of M-Pesa by South Africa’s Vodacom and Kenya’s Safaricom from the UK’s Vodafone, the chief executives of the three companies announced on Monday.
  • The transaction has been in the works since 2019, when Vodacom and Safaricom announced they had formed a joint venture through which they planned to acquire the full suite of M-Pesa services.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Vodacom and Safaricom engaging in a joint venture to acquire M-Pesa.
  • The platform is available in Kenya, Tanzania, Lesotho, the Democratic Republic of the Congo, Ghana, Mozambique and Egypt. The acquisition will enable a more aggressive expansion strategy to other markets on the continent where the platform is not available.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Large network around Africa.
  • ...2 more annotations...
  • In 2019, M-Pesa users conducted 11bn transactions worth R2trn ($107.1bn), while the platform contributed R3.1bn to Vodacom’s revenue. M-Pesa is a big part of Vodacom’s plans to diversity into fintech.
    • ghtazi
      ghtazi on 13 Feb 21
       
      m-pesa is a competitive advantage for Vodacom's plan to diversify into fintech. the platform is now available in 7 African countries. this will also allow an aggressive expansion strategy to other markets in Africa when the platform is not yet available.
  • A key impediment to M-Pesa gaining traction was the fact that the country has a well-established banking sector and most adult South Africans have bank accounts.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      besides that, these banks have their own fintech services that are not as developed as M-Pesa, but the fact they are produced from the bank, it makes them more trustworthy than M-Pesa This kind of bank services make the market highly competitive
  • mohammed_ab on 12 Feb 21
     
    This acquisition will allow M-Pesa to expand to other African markets more easily. It will also give the company stronger market power as all subscribers of Vodacom's will have easy access to M-Pesa services.
  • kenza_abdelhaq on 13 Feb 21
     
    "The transaction has been in the works since 2019, when Vodacom and Safaricom announced they had formed a joint venture through which they planned to acquire the full suite of M-Pesa services."
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