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sawsanenn

Ethiopay | F6S - 0 views

www.f6s.com/ethiopay

FinTech E-payments ethiopia Africa modernization

shared by sawsanenn on 11 Feb 21 - No Cached
  • As you may know, Ethiopia well Africa, in general, has skipped the laptop and computer phase of technology straight into the mobile phase of technology this is commonly known as the leapfrog model.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      I personally didn't know Ethiopia skipped the laptop and computer phase, therefore, the fact that it is succeeding in the mobile technology industry, makes a great story. This statement is important because it was able to help over 2.5 million Ethiopian families.
  • Ethiopay is a centralized global payout platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between the United States and Ethiopia.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Ethiopay is an emerging Fintech solution to adress the social and economic gaps
  • Our platform plans to use the leapfrog model to leverage our technology and give the 45 mill users around Ethiopia a new way to manage bills and provide the over 2.5 million Ethiopian diasporas in the United States a way to help their families
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt is important because it shows how CEOs of ethiopay are willing to invest in the telecom infrastructure, and how Ethiopia has a great potential for e-payment and fintech developement
  • ...4 more annotations...
  • Our Bill-Pay platform concentrates on the core monthly needs such as water, electricity, gas. But we also provide options to purchase Data, manage property payments, and even school tuition fees.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is very important because it highlights what the products and services proposed by Ethiopay serve for. It allows us to better understand what customers need Ethiopay for, which could prove to be very useful when designing products.
  • Ethiopay is a centralized global payout platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between the United States and Ethiopia. As you may know, Ethiopia well Africa, in general, has skipped the laptop and computer phase of technology straight into the mobile phase of technology this is commonly known as the leapfrog model.
  • Ethiopay is an emerging FinTech solution to address the social and economic gaps left by established payment solutions. Deeply embedded in the communities they serve, the founders of Ethiopay have the combination of entrepreneurial drive, technical skill and through the Georgia FinTech Academy, the FinTech ecosystem support to thrive.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Ethiopay is a platform that is used in Ethiopia to help the citizens a new way to manage bills and give an opportunity for Ethiopians living in the united states to help their families. they have a great combination of entrepreneurial drive and technical skills.
  • Ethiopay is a centralized global payout platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between the United States and Ethiopia. As you may know, Ethiopia well Africa, in general, has skipped the laptop and computer phase of technology straight into the mobile phase of technology this is com
  • nouhaila_zaki on 13 Feb 21
     
    "Ethiopay is a centralized global payout platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between the United States and Ethiopia. As you may know, Ethiopia well Africa, in general, has skipped the laptop and computer phase of technology straight into the mobile phase of technology this is commonly known as the leapfrog model. Our platform plans to use the leapfrog model to leverage our technology and give the 45 mill users around Ethiopia a new way to manage bills and provide the over 2.5 million Ethiopian diasporas in the United States a way to help their families. Our Bill-Pay platform concentrates on the core monthly needs such as water, electricity, gas. But we also provide options to purchase Data, manage property payments, and even school tuition fees."
omarlahmidi

Ethiopia Mobile Wallet and Payment Market Opportunities Databook 2019 Featuring M-Birr,... - 0 views

www.prnewswire.com/...thiopay-yenepay-300963746.html

Belcash Africa Mobile_Payments

shared by omarlahmidi on 11 Feb 21 - No Cached
  • The mobile payment industry in Ethiopia is expected to record a CAGR of 18.7% to reach US$ 7,818.2 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 18.3% during 2018-2025.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      It is fascinating to see such African companies grow tremendously over a short period of time. EthioPay is among one of the companies that helped the mobile payment industry in Ethiopia increase at a CAGR of 18.3% and is still expecting to grow.
  • The mobile payment industry in Ethiopia is expected to record a CAGR of 18.7% to reach US$ 7,818.2 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 18.3% during 2018-2025.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      A significant number of smartphone subscribers are feature phone users, and smartphone users are increasing recently due to the rising availability of more affordable smartphones on the local market.
  • This report provides a comprehensive view on mobile payment / mobile wallet market size and growth dynamics, industry dynamics, retail spending, consumer attitude and behaviour, and competitive landscape in Ethiopia. The report focuses on data-centric analysis of mobile payment market dynamics to help companies understand business and investment opportunities along with risks. It details growth dynamics in 45+ market segments (600+ KPIs) across mobile commerce, mobile P2P transfer (domestic and international remittance), mobile lending, and a range of other payment avenues in Ethiopia.
  • ...5 more annotations...
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This article is very interesting because it briefly introduces the findings of a report that provides a comprehensive view about the Ethiopian mobile payment/mobile wallet industry in which Ethiopay operates.
  • Companies Mentioned M-Birr BelCash Amole EthioPay YenePay
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it enumerates Ethiopay's main competitors.
  • Ethiopia Market Share by Mobile Payment Technology: Provides market share by key mobile payment technologies -
    • ghtazi
      ghtazi on 13 Feb 21
       
      you can pay by : SMS/USSD NFC Code-Based Web-Based
  • Ethiopia Mobile Wallet and Payment Market Opportunities Databook 2019 Featuring M-Birr, BelCash, Amole, EthioPay, YenePay
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article discusses the mobile wallet market in Ethiopia and mentions providers like Belcash such as M-birr, Amole, Ethiopay and YenePay which are potential competitors.
  • Report ScopeThis report provides in-depth market opportunity analysis and growth dynamics of mobile payment industry in Ethiopia. Below is a summary of key market segments:Market Size and ForecastMobile payment and mobile wallet market size and forecast across 45+ markets segments on three essential KPIs - mobile payment transaction value, volume and average transaction value.
    • omarlahmidi
      omarlahmidi on 14 Feb 21
       
      This article discusses the mobile payment industry. It also talks about providers such as Belcash.
ghtazi

Events | The 3rd Ethiopia Banking and ICT Summit - 1 views

www.cybersecurityafrica.com/hiopia-summit-proceedings.html

E-payments Ethiopay Platform

shared by ghtazi on 11 Feb 21 - No Cached
  • Cyber Security Africa held its 5th Ethiopia Banking and ICT summit of the year, “The 5th Ethiopia Banking & ICT Summit 2018” hosted in Addis Ababa Ethiopia attracting more than 150+ participants from all over the world.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      EthioPay is an e-payment platform that was meant to target Ethiopians first, but because of its success, it managed to make a place for itself in the Cyber Security Africa event, one that hosts individuals from all over the world.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it shows the central concern to all fintech businesses, including Ethiopia, being Cyber Security. Ethiopay's participation to the summit reflects the company's willingness to partake in African efforts against aggressions on cyber security.
  • "EthioPay – the Unifying e-Payment Platform for Ethiopia"
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because if one clicks on it, it redirects towards a comprehensive and concise presentation about Ethiopay, its main drivers, the ecosystem in which it operates, amongst other things.
  • "EthioPay – the Unifying e-Payment Platform for Ethiopia"
    • ghtazi
      ghtazi on 13 Feb 21
       
      this is important since it gives you every information about Ethiopay in only one click
  • ...1 more annotation...
  • "EthioPay – the Unifying e-Payment Platform for Ethiopia"
    • ghtazi
      ghtazi on 13 Feb 21
       
      this is important since it gives you every information about ethiopay in only one click
kenza_abdelhaq

Ethiopay Places in the Top 25 Undergraduate Teams for e-Fest - Entrepreneurship and Inn... - 3 views

www.eni.gsu.edu/...undergraduate-teams-for-e-fest

Ethiopay Ethiopia Payments Service

shared by kenza_abdelhaq on 11 Feb 21 - No Cached
  • Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethiopians. They hope to help Ethiopians in the diaspora reach individuals at home by providing seamless payments. Hadgu and Yohannes entered this year’s competition to share their innovative venture and gain exposure.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      It is important to know that EthioPay is not a service that functions only in Ethiopia, but individuals from North America and Europe are also able to help Ethiopians with their finances.
  • Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethiopians. They hope to help Ethiopians in the diaspora reach individuals at home by providing seamless payments. Hadgu and Yohannes entered this year’s competition to share their innovative venture and gain exposure.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt is important because we can see that the goal of this fintech company is to increase growth and meet customers' needs especially Ethiopian customers from all over the world. Additionally, They found a fundamental solution to several financial services issues that the Ethiopians used to face.
  • They are a centralized global payment platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between the United States and Ethiopia. Ethiopay co-founders Daniel Hadgu (B.B.A. ‘20) and Minas Yohannes (B.B.A. ‘20) are Eritrean descent while Michael Gizachew is of Ethiopian descent and they all struggled to send funds between the U.S. and their family abroad. Together they created a way to affordably and efficiently transfer money overseas.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it enumerates the different products and services covered by the Ethiopay platform, notably the transfer of cross-border bill money, money transfer, mobile data and mobile minutes between the US and Ethiopia.
  • ...1 more annotation...
  • Co-founder Daniel Hadgu states, “In my journey of understanding what it truly means to help others and become an effective leader, I have uncovered the power of innovation.”
    • ghtazi
      ghtazi on 13 Feb 21
       
      helping others is the major motto of the company. the platform allows individuals living in North America and in Europe to send payments for any bills to help their family in Ethiopia
  • mehdi-ezzaoui on 13 Feb 21
     
    "Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethi"
  • mehdi-ezzaoui on 13 Feb 21
     
    Ethiopia aims to resolve Ethiopian citizens' rising global challenges. Hadgu and Yohannes are excited to join the race next year to end in the hopes of taking home the Georgia State University and Ethiopay trophies.
kenza_abdelhaq

EthSwitch S.C - 0 views

ethswitch.com

Ethiopay Ethiopia Payments Ethswitch

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

Belcash to Launch Online Commerce Platforms - 4 views

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

Belcash E-payments Africa

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

Multi-bank and multi-bank mobile money service HelloCash launches in Ethiopia - 0 views

www.africanbusinesscentral.com/...hellocash-launches-in-ethiopia

E-Payment Africa FinTech

shared by aymanelmamoun on 13 Feb 21 - No Cached
  • BelCash Technology Solution PLC has partnered with two banks to launch HelloCash mobile money services in Ethiopia. Launched in partnership with Lion International Bank and Somali Micro Finance, the service will provide financial services to all Ethiopians
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This strategy will make financial services available to more Ethiopians, particularly national party, in order to push financial inclusion in the country. This will maximize capital expenditure for banks but also boost media recognition.
  • BelCash Technology Solution PLC has partnered with two banks to launch HelloCash mobile money services in Ethiopia. Launched in partnership with Lion International Bank and Somali Micro Finance, the service will provide financial services to all Ethiopians. It will enable existing and potential customers of Lion International Bank and Somali Micro Finance to carry out transactions in four key areas of financial transactions: Deposit, Withdraw, Transfer and make payments.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Belcash has partnered with two banks. The service, launched in collaboration with Lion International Bank and Somali Micro Finance, will provide all Ethiopians with financial services. It will allow Lion International Bank and Somali Micro Finance's current and potential customers to carry out transactions in four main areas of financial transactions: deposit, withdrawal, transfer, and payment.
  • Key standouts of HelloCash include its interoperability and shared infrastructure features. The system is designed for multiple banks and MFIs to be interconnected and offer mobile money services to their respective customers. This allows partnering financial institutions to share each other’s agent and branch networks to serve each other’s customers.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      Shared infrastructure features is a crucial key for the Ethiopian company.
kenza_abdelhaq

How BPC and EthSwitch are interconnecting Ethiopian banks - Intelligent CIO Africa - 2 views

www.intelligentcio.com/...nterconnecting-ethiopian-banks

Ethiopay Ethiopia Ethswitch

shared by kenza_abdelhaq on 11 Feb 21 - No Cached
  • EthSwitch has an objective to work as international gateway for all banks. When the project is fully completed, over 50 e-Payment products and services will be supported in EthSwitch covering card delivery channels like ATM, POS, mobile, internet, and voice. EthioPay is the brand given to the National e-Payment Switch of Ethiopia.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      EthioPay acts as the key model in e-payment switch. This part is essential and crucial at the same time, because a simple, minor detail could create a major problem/risk for the customer or in data privacy.
  • Amongst the future activities is to include mobile as part of the financial inclusion policy. Another active area is the recent launch of the domestic card called EthioPay. Across a national population of 100 million, there are 2.5 million card holders and 40 million mobile users. Sufficient opportunity for Bekele and his team in the time to come.
  • Since May this year the number of inter-bank transactions has been growing. This is expected to increase as the Ethiopian population becomes aware of the interoperability and ease of use of using cards in any bank’s ATM machine. Along the way there have been some transactions declines due to connectivity failures and those limitations are being addressed
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt is important because it shows one of ethiopay's issues. the interconnectivity is very low compared to what they are actually offering ( 100 transactions per second)
  • ...2 more annotations...
  • List of banks connected to EthioPay National Bank of Ethiopia Abay Bank Addis International Bank Awash International Bank Bank of Abyssinia Berhan International Bank Bunna International Bank Commercial Bank of Ethiopia Cooperative Bank of Oromia Dashen Bank Debub Global Bank Development Bank Enat Bank Lion International Bank Nib International Bank Oromia International Bank United Bank Wegagen Bank Zemen Bank
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it shows the list of partner banks to Ethiopay. This reflects the scope and influence that Ethiopay has in its home country, but also its close link to the banking sector.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Ethiopay has a large network of customer, cardholders, mobile users, and bank partners.
  • EthioPay is the brand given to the National e-Payment Switch of Ethiopia.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Ethiopay is considered to be the National e-payment Switch in Ethiopia. because of the number of interbank in the market nowadays Ethiopians start to be aware of the ease of using cards.
  • kenza_abdelhaq on 13 Feb 21
     
    "EthioPay"
sawsanenn

Addis host Ethiopia Banking, Information Communications Technology Summit - New Busines... - 1 views

newbusinessethiopia.com/...mmunications-technology-summit

FinTech E-payments ethiopia Africa modernization

shared by sawsanenn on 13 Feb 21 - No Cached
  • he other presenter was Mr. Bizuneh Bekele, CEO of EthSitch Share Company introduced EthioPay under a title, “EthioPay – the uplifting e-payment platform for Ethiopia”.
  • he other presenter was Mr. Bizuneh Bekele, CEO of EthSitch Share Company introduced EthioPay under a title, “EthioPay – the uplifting e-payment platform for Ethiopia”.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Ethio-pay was introduced as the best e-payment platform and the best solution for all the disputes arising around ATMs. Plus a quick way to pay since the normal paper-based is time-consuming.
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.
mohammed_ab

Ethiopia: "Mobile money doubled my number of customers in just three years"Et... - 0 views

www.betterthancash.org/...-customers-in-just-three-years

BelCash MobilePayment Ethiopia

shared by mohammed_ab on 10 Feb 21 - No Cached
  • Bisharo’s story is one of the many urban merchants who have discovered the power of digital payments for their businesses. Over the past few years, technology providers such as BelCash with their HelloCash mobile money, product working closely with the Somali Microfinance Institution, have made significant progress in helping merchants like Bisharo realize the benefits of digitizing payments.
  • mohammed_ab on 10 Feb 21
     
    This article shows how mobile money has enabled a small shop owner in Addis Ababa, Ethiopia, has been able to generate more revenue just by letting its customers pay with mobile money. It also demonstrates the convenience that mobile payments have on its users especially for sellers. I really liked the story of Bisharo, the owner of that small shop, whose life has changed because of a fintech solution.
nouhaila_zaki

Ethiopia Mobile Wallet and Payment Market Opportunities (Databook Series) - Market Size... - 0 views

www.researchandmarkets.com/...bile-wallet-and-payment-market

Ethiopay Ethiopia Mobile Payment Industry

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • According to the author, the mobile payment industry in Ethiopia is expected to record a CAGR of 18.7% to reach US$ 7,818.2 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 18.3% during 2018-2025.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces the Ethiopian mobile payment industry in which Ethiopay operates, and predicts its evolution.
omarlahmidi

Ethiopia launches mobile money schemes to extend banking reach | Reuters - 0 views

www.reuters.com/...-banking-idUSL6N0VE44020150204

Belcash Africa MobilePayment

shared by omarlahmidi on 13 Feb 21 - No Cached
  • BelCash’s helloCash service could have 2-3 million users this year and 10 million by 2017 or 2018, the firm’s chief executive Vince Diop said, adding that BelCash would receive a fee for each transaction made.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt is important because it shows how effective belcash is. and how an African country is willing to ensure financial inclusion and increase deposits by using financial technology.
  • BelCash’s helloCash service could have 2-3 million users this year and 10 million by 2017 or 2018, the firm’s chief executive Vince Diop said, adding that BelCash would receive a fee for each transaction made.
    • ghtazi
      ghtazi on 13 Feb 21
       
      in this excerpt, we can see that the service can have 10 million users by 2017 or 2018. we can aslo see the belcash would receive a fee for each transaction made.
  • Netherlands-based BelCash is offering a technology called helloCash, while MOSS ICT, mainly owned by an Ireland-based firm, is rolling out M-Birr in the nation of 96 million people.In both cases, Ethiopian banks and institutions will offer the service to customers and hold the cash deposited, in line with government policy that bars foreign firms or banks from investing in the financial sector or the telecoms industry.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article discusses the case of Belcash and M-Birr as two fintechs offering similar services which can lead us to say that M-Birr is a competitor of Belcash in Ethiopia.
  • ...2 more annotations...
  • Bankers say Ethiopia has no more than 1,500 ATM cash machines, while there was just over 2,200 bank branches as of June, or one for every 40,000 people, the central bank says. Only one in 10 people have a bank account.In addition to branches, which are expensive to set up, banks plan to authorise thousands of agents, such as shops or merchants, in line with new regulations. Such agents will be able to take deposits and hand out cash via the mobile system.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      Cashless mobile payment application replace ATMs so that unbanked people can join. Only one out of 10 people is banked.
  • Ethiopian banks and microfinance firms are launching mobile money services, helping reach swathes of the population that now have little access to branches or services, the mobile technology providers and banks said.
    • omarlahmidi
      omarlahmidi on 14 Feb 21
       
      Belcash could make a lot of profit in Ethiopia. It offers a technology called helloCash, that will help customers and offer them a better service.
kenza_abdelhaq

Ethiopia Mobile Wallet & Payment Market Opportunities (2019 Databook Series): Market Si... - 1 views

www.businesswire.com/...-2025---ResearchAndMarkets.com

Ethiopay Ethiopia Payments market

shared by kenza_abdelhaq on 11 Feb 21 - No Cached
  • Mobile payment and mobile wallet market size and forecast across 45+ markets segments on three essential KPIs - mobile payment transaction value, volume and average transaction value.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      EthioPay's market segment focuses on volume, transaction value, and mobile payment transaction value. This is important ;to know because it distinguishes between all the different segments.
  • The mobile payment industry in Ethiopia is expected to record a CAGR of 18.7% to reach US$ 7,818.2 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 18.3% during 2018-2025.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      The mobile payment industry in Ethiopia forecasts an important growth of the CAGR.
kenza_abdelhaq

EthSwitch would now like to modernize its operations and thus needs to acquire state-of... - 0 views

www.reportertenders.com/...4160

Ethiopay Ethiopia Payments Ethswitch

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • EthSwitch S.C (the national payment switch of Ethiopia ) was established as a share company owned by all banks operating in Ethiopia and the National Bank of Ethiopia (the Central Bank).
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      EthSwtich is the national payment switch of Ethiopia owned by the national bank alongside all banks in the country.
nourserghini

BelCash Technology Solutions Plc Manager- Human Resources Jobs in Ethiopia - 0 views

www.advance-africa.com/esources-jobs-in-ethiopia.html

Belcash Origin Netherlands Ethiopia

shared by nourserghini on 13 Feb 21 - No Cached
  • BelCash Technology Solutions PLC (BelCash Ethiopia) (BCTS) is an affiliate company of BelCash International, incorporated in Netherlands, which provides Turnkey technology platforms based on the mobile phone. And other Telecom Value Added and related technological services Accordingly, it has partnered with specialized companies to provide essential services under the unique Hello Brand.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This shows that Belcash was first founded in the Netherlands for Turnkey technology in mobile phones and later expanded its activities to Addis Ababa, ethiopia.
aminej

Nigeria's Paga acquires Ethiopia-based Apposit to speed international growth - Disrupt ... - 0 views

disrupt-africa.com/...-to-speed-international-growth

Nigeria Fintech Service Online Platform Technology Software

shared by aminej on 12 Feb 21 - No Cached
  • Nigerian fintech startup Paga, poised for global expansion, has announced its acquisition of Apposit, a United States (US)-based technology company with operations in Ethiopia. Founded in 2009, Paga provides Nigerians with safe and convenient ways of making payments, allowing money to be sent to any phone number for the beneficiary to redeem at a Paga agent or at an ATM via a cardless withdrawal. Customers can also use Paga to deposit money to bank accounts in Nigeria, pay their bills, or top-up mobile phone airtime.
    • aminej
      aminej on 12 Feb 21
       
      The Nigerian Fintech has bought an American technology that woud help improve their operations in Ethiopia. They also raised 10 million $ in 2018 which shows that they are doing well and investors are trusting them.
ghtazi

BelCash Technology Solutions PLC (BelCash Ethiopia) Jobs and vacancies in Ethiopia, Feb... - 0 views

justjobset.com/...solutions-plc-belcash-ethiopia

easy financial access Online Fintech

shared by ghtazi on 11 Feb 21 - No Cached
  • The main focus for Hello brands is what customers want and expect from the respective services.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      The company focuses on customer satisfaction which is not the case for all companies. It is usually stated but never conducted the right way. Belcash's Hello brand has managed to created services like, Hellomarket, HelloLawyer, HelloDoctor, etc., to satisfy the needs of the people.
  • The Hello brands are aspiring and inclusive, aiming to connect all Ethiopian citizens for a brighter future; a future that unlocks the potential of the country and its diverse people
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this new brand of belcash offers new high level services with a better convenience, easy access, and affordability
  • Belcash is the proprietor and provider of the ‘Hello’​ brand. We attempt to find the perfect fit for our customers and partners. This heavy focus on customer service, innovation and professionalism means that our stakeholders are proud to identify themselves with us. Though each Hello brand represents a different service, they all share one key feature – the mobile phone is the access point for their service. The main focus for Hello brands is what customers want and expect from the respective services. The Hello brands are aspiring and inclusive, aiming to connect all Ethiopian citizens for a brighter future; a future that unlocks the potential of the country and its diverse people. The Hello brands say ‘Hello’​ to their customers and offer them essential services with a high level of convenience, quality and affordability. Over the last four years, our service has allowed the Ethiopian population to access the following services using their mobile phones: Health advice (HelloDoctor) Market access (HelloMarket / HelloGebeya) Labour market access (HelloJobs / HelloSera) Legal advice (HelloLawyer / HelloTebeka) Mobile Trade service (HelloBroker/ HelloDelela) And, since February 2015, in partnership with select Ethiopian banks and micro finance institutions; Financial Inclusion (HelloCash)
    • ghtazi
      ghtazi on 13 Feb 21
       
      this is very important because we can see how belcash wants to make financial access easy for everyone by introducing a new platform that is convenient and easy to use for the users.
nourserghini

Ethiopia to Steer Economy Through Tech-Led Growth - allAfrica.com - 0 views

allafrica.com/...202005260615.html

Belcash Ethiopia Technology

shared by nourserghini on 13 Feb 21 - No Cached
  • "We can see the government taking steps toward accepting the sector's needs," said Zewdu Assefa, vice president of BelCash Technology. "Regardless, the sector needs a wider definition, for instance for trade license registrations."Ethiopia has not yet undergone a cybersecurity assessment, according to the strategy document."Without having done an assessment explicitly for Ethiopia," reads the document, "it's difficult to identify the most important vulnerabilities."
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article shows that Belcash is encouraging the Ethiopian government to help the technology sector expand even further and allow trade license registrations.
kenzabenessalah

BelCash Archives - How We Made It In Africa - 2 views

www.howwemadeitinafrica.com/...belcash

Ethiopia Booming economy Mobile banking

shared by kenzabenessalah on 12 Feb 21 - No Cached
  • With the booming economy and a population of 80 million this country could be the next gold mine for mobile banking companies.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      Having certain high expectations could motivate the company to improve itself. Since there are already expectations about Ethiopia being the next gold mine, BelCash could make a lot of profit.
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