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kenzabenessalah

FarmDrive: Connecting farmers to financing | Mercy Corps - 0 views

www.mercycorps.org/...farmdrive

FarmDrive SocioCultural Economic Funding Farmers

shared by kenzabenessalah on 12 Feb 21 - No Cached
  • While financial inclusion in the country has increased, many farmers remain excluded. Limited financing for farmers is due, in part, to a lack of available credible risk-assessment information for financial institutions. Many small farmers are unbanked and off the financial grid, without credit profiles to verify or back up details on their annual income, business expenses or yields.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Without thiis information, farmers are left with little to no access to financial services, while lenders miss out on the opportunity to build their client base and agricultural loan portfolios.
  • FarmDrive generates real-time credit reports for small farmers, allowing them to access loans from financial institutions and agricultural input providers via mobile phone. 
  • FarmDrive collects expense and revenue data from farmers via SMS and combines it with satellite imaging, remote sensing technology and alternative data points (e.g., soil analysis, weather forecasts) to create detailed yield estimates and assess credit risk.
  • ...5 more annotations...
  • FarmDrive overlaps our focus areas of agriculture and financial inclusion, empowering the world’s most vulnerable farmers with the digital financial services they need to strengthen and improve their livelihoods. 
    • mehdibella
      mehdibella on 13 Feb 21
       
      FarmDrive collects expense and revenue data from farmers and combines it with satellite imaging, remote sensing technology and alternative data points to create detailed yield estimates and assess credit risk.
  • We’ve connected FarmDrive to various partners and expertise to help them scale, as its usage increases in other developing markets in sub-Saharan Africa. 
  • Reports allow credit providers to make informed lending decisions and easily reach rural clients, expanding access to financing for small farmers. As a result, farmers have greater control over their livelihoods – equipped with what they need to increase their crop yields, improve their incomes and invest their additional revenue back into their families and communities.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      FarmDrive collects data from farmers using different technologies which allows the company to generate farmers' credit reports which allow loan providers to make informed decisions and therefore give more access to financing to small farmers.
  • Since, FarmDrive has reached hundreds of farmers with its suite of financial services, credit reports and financing options, with a particular focus on serving women and youth farmers typically neglected by the formal financial system.
    • kenzabenessalah
      kenzabenessalah on 16 Feb 21
       
      The focus that FarmDrive has on serving women is essential to keep in mind. We must dig deep as to why they are being neglected by the financial system and make sure that they never get fooled by them in the future.
  • In Kenya, most small farmers — around 7.5 million — lack access to small loans to help them buy what they need to improve their production and make the most of their land – things like quality fertilizers, better seeds, livestock and micro-irrigation.  
    • kenzabenessalah
      kenzabenessalah on 16 Feb 21
       
      Knowing the percentage of the population who do not own bank accounts as well as the percentages of loans that others have access to is a must to help improve the economic situation in Kenya. Such details, like interest rate, etc. are essential in helping people construct a well structured economic strategy so that all Kenyans benefit from these financial services and never fall back again.
nourserghini

Nigeria's Paga acquires Apposit, confirms Mexico and Ethiopia expansion | TechCrunch - 1 views

techcrunch.com/...-mexico-and-ethiopia-expansion

Paga Fintech Competitors

shared by nourserghini on 07 Feb 21 - No Cached
  • As it grows abroad, Paga faces greater competition in Nigeria. For the last decade, South Africa and Kenya — with the success of Safaricom’s  M-Pesa product — have been Africa’s standouts in digital payments.But over the last several years, Nigeria has become a magnet for VC and fintech startups. This trend reached a high-point in 2019 when Chinese investors put $220 million into Opera owned OPay and Transsion backed PalmPay — two fledgling startups with plans to scale in Nigeria and broader Africa.
    • nourserghini
      nourserghini on 07 Feb 21
       
      Paga's competitors in its origin country Nigeria and broader Africa are M-pesa and PalmPay.
  • With its Apposit acquisition and continued expansion, PayPal may become more than a model for Paga.Founder Tayo Oviosu sees big fintech players, such as PayPal and Alipay, as future competitors with Paga’s plans to move into more emerging markets.
    • nourserghini
      nourserghini on 07 Feb 21
       
      Competition in emerging markets for Paga are big fintechs such as PayPal and Alipay.
samielbaqqali

Driving App Monetisation for Developers in the Middle East and Africa With Huawei and T... - 0 views

thefintechtimes.com/ca-with-huawei-and-tpay-mobile

Huawei MEA Mobile Services

shared by samielbaqqali on 11 Feb 21 - No Cached
  • It was recently announced that global giant Huawei is cooperating with TPAY MOBILE to make it easier and more convenient for developers in the Middle East and Africa (MEA) region to monetise their apps on Huawei Mobile Services (HMS).
  • Leading digital merchant acquirer based in the United Arab Emirates (UAE), TPAY MOBILE, enables payment acceptance from 54 mobile payment providers (DCB and wallets), which are connected to over 580 million consumers across 24 countries through a single integration. Its shareholders include Helio
  • samielbaqqali on 11 Feb 21
     
    Making such a cooperation will ensure TPAY mobile that it will gain all the HUAWEI users from those regions, which is a huge number of customers as HUAWEI is very present on those places.
hichamachir

Former Kiva.org CEO Brings New App, a 'Branchless Bank' to Kenya - WSJ - 0 views

www.wsj.com/...BL-VCDB-16975

Kiva Loans Africa

shared by hichamachir on 12 Feb 21 - No Cached
  • The former chief executive and co-founder of nonprofit lending platform Kiva.org, Matt Flannery, on Wednesday revealed his latest initiative Branch International Inc., which he calls “a mobile-based microfinance institution for the world.” Branch raised $1.4 million in equity seed funding from Formation 8 and the Khosla Impact Fund. In many ways, Branch operates like a bank in the cloud, one that is accessible not through local “branch” offices, but through a user’s smartphone. It provides small amounts of credit--up to $20--to Android users in Africa, specifically Kenya today, but doesn’t take deposits.
    • hichamachir
      hichamachir on 12 Feb 21
       
      Kiva is a problem solving company! It's a brilliant business that contributed on making loans easy. I think that this company has great future because the crowdfunding services in Africa are yet to improve.
hichamachir

(UPDATED) Weekly Roundup 10-2-15: Kiva Zip folds in Kenya - what happened? Updated with... - 0 views

nextbillion.net/weekly-roundup-10-2-15

KivaZip Partnerships Kenya Crowdfunding

shared by hichamachir on 12 Feb 21 - No Cached
  • So the service seemed like a win-win-win, and to an outside observer, its dual operations in the United States and Kenya appeared to be progressing smoothly. Kiva Zip’s senior director, Jonny Price, sounded upbeat when he wrote on NextBillion in April, “We’re excited by (Zip’s) potential to revolutionize the way that small business owners in America, and the wider world, are able to access microcredit.” Meanwhile, over the past four years, the platform enabled more than 8,000 lenders to make almost 10,000 microloans totalling a reported $1.8 million to more than 6,500 borrowers in Kenya alone.
  • hichamachir on 12 Feb 21
     
    Kiva can benefit from partnerships that could improve its business. I believe that if the partnership deal is a win-win deal, kiva must take it! That's why I think that this partnership can help kiva improve its business a lot!
kenzabenessalah

BelCash's Competitors, Revenue, Number of Employees, Funding, Acquisitions & News - Owl... - 0 views

www.owler.com/belcash

Revenue BelCash News

shared by kenzabenessalah on 12 Feb 21 - No Cached
  • BelCash has an estimated 300 employees and an estimated annual revenue of 25.0M.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      Following the process of BelCash from the beginning to now is a must read. What's interesting is the fact that BelCash was introduced in one of the countries that did not have banks, to having an estimated annual revenue of 25 million.
samielbaqqali

Fawry expands services nationwide to overcome high operating costs | MENAFN.COM - 1 views

menafn.com/qn_news_story_s.aspx

Fawry E-payments Housing

shared by samielbaqqali on 11 Feb 21 - No Cached
  • As for the competitive advantages, we are the most popular service, compared to the rest of the companies, on top of our work during the current period to expand the range of services that we offer, where we signed a contract with beIN SPORTS for their customers to pay subscriptions through us. We also agreed with the company to pick up premiums from beIN customers€one million customers to date€in addition to more than 200 services that we currently have.
  • Mohamed Okasha, managing director of Fawry, said the company plans to increase its outlets to 100,000 in 2018 compared to 70,000 outlets this year. The company also provides e-payment services for monthly installment payments for the beneficiaries of social housing projects.
  • chaimaa-rachid on 11 Feb 21
     
    It looks very interesting to see how the company is trying to be dominant in the market. In this article, we can notice that the company tries to be always present in the market by expanding more and more its services.
  • samielbaqqali on 12 Feb 21
     
    Fawry wants to expand its business into housing payments, which will make it gain more customers.
hindelquarrouti

M-Pesa: Most Innovative Company | Fast Company - 0 views

www.fastcompany.com/...m-pesa

M-pesa Africa Financial Inclusion

shared by hindelquarrouti on 12 Feb 21 - No Cached
  • Like many parts of the developing world, Africans are significantly less likely to have bank accounts and credit or debit cards. But mobile phones have penetrated the African market, and in countries such as Nigeria and Kenya, the majority of people have a workable phone.
  • M-Pesa is a Kenyan mobile payments platform, one of the first of its kind in Africa (
  • he service has been a runaway success since launching in 2007, operating in 10 countries across Africa, the Middle East, and Southeast Asia and earning Safaricom 19.4 billion shillings (about $190 million) in the first half of 2015. It seems likely that as cell phone use continues to proliferate on the African continent, M-Pesa's transactions will grow, too.
  • chaimaa-rachid on 12 Feb 21
     
    As mentioned in the article, Africans are less likely to have bank accounts, so it is a very good idea to create such a service. In addition, almost everyone has a cell phone, so it will be easier for them to use this platform to send and receive money than to set up a bank account.
  • hindelquarrouti on 13 Feb 21
     
    M-pesa has made the smart choice of opting for the African continent since there is a considerable number of unbanked people, yet it is experiencing an increase in the use of mobile phones.
chaimaa-rachid

Kiva To Offer Its Zero-Interest Crowdfunded Loans To Small Businesses Nationwide - 0 views

www.forbes.com/...to-small-businesses-nationwide

mico-lending crowdfunding small-businesses

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • Since its founding ten years ago, Kiva’s micro-lending platform has helped entrepreneurs in emerging markets borrow $788 million from average Joes in increments as little as $25.
  • chaimaa-rachid on 13 Feb 21
     
    Kiva is making loans easy for people which is amazing. I think this company will have an extraordinary future.
samielbaqqali

U.S. blacklisting of Yemen's Houthis to be lifted on Feb. 16 -Blinken | Nasdaq - 1 views

www.nasdaq.com/...-on-feb.-16-blinken-2021-02-12

MTN Fintech Washington

shared by samielbaqqali on 12 Feb 21 - No Cached
  • MTN is in the middle of a 25 billion rand ($1.67 billion)divestment plan aimed at simplifying its portfolio over the next three to five years. Part of this entailed selling its 49% holdings in Ghana Tower Interco B.V. and Uganda Tower Interco B.V. to AT Sher Netherlands Coöperatief U.A. for $523 million last year.
  • Adds quotes, backgroundSponsored LinksSponsored LinksPromoted LinksPromoted LinksBabbelThis App Can Get You Speaking Spanish in 2021BabbelUndo WASHINGTON, Feb 12 (Reuters) - U.S. Secretary of State Antony Blinken announced on Friday that he will revoke - effective Feb
    • samielbaqqali
      samielbaqqali on 13 Feb 21
       
      In Ghana, MTN's excellent work resulted in earnings being doubled. I can say that MTN has shown the world that Ghana is a location that totally praises digitalization.
  • hichamachir on 12 Feb 21
     
    MTN great job in Ghana resulted in doubling the earnings. I can say that MTN showed to the world that Ghana is a place where digitalization is totally praised.
samielbaqqali

MTN apologises to its customers over new data bundles challenges [ARTICLE] - Pulse Ghana - 3 views

www.pulse.com.gh/...17xnm41

MTN Customers Wallets

shared by samielbaqqali on 12 Feb 21 - No Cached
  • Most Ghanaians who use MTN have said that hours after the country’s largest mobile network operator introduced new data packages they were unable to purchase data bundles.
  • MTN Ghana has apologized to its customers who are facing challenges as they try to purchase data bundles.
  • MTN has experienced some challenges on some of our channels post-implementation of the adjustment of prices and our new data bundles.”
  • ...2 more annotations...
  • MTN Ghana injects $160 million in improving network technology after coming under fire for poor services Most Ghanaians who use MTN have said that hours after the country’s largest mobile network operator introduced new data packages they were unable to purchase data bundles.
  • Some customers of the company complained on social media about the difficulties they are facing in purchasing data packages using their mobile money wallets.
    • samielbaqqali
      samielbaqqali on 13 Feb 21
       
      MTN needs to be aware of issues of this nature. They have to ensure that everything functions well when launching a new package, because when you are the leading company, customers demand the best possible service.
  • hichamachir on 12 Feb 21
     
    MTN needs to be aware of this kind of problems. They've to make sure when launching a new package, everything is working perfectly because when you're the leader company, customers expect the best service possible.
  • hindelquarrouti on 13 Feb 21
     
    MTN made a good move by maintaining its contact with its customers, because after all the challenges and problems in its platform, there is a high risk that it will loose its customers' trust.
  • mohammed_ab on 13 Feb 21
     
    MTN is the number one telecommunication company in Africa by offering the best service to its customers. Facing such issues could impact customer loyalty and the brand image of the company.
mohammed_ab

Mastercard invests $3m in African financial inclusion - FinTech Futures - 0 views

www.fintechfutures.com/...in-african-financial-inclusion

Pula Financial inclusion Insurtech Africa

shared by mohammed_ab on 13 Feb 21 - No Cached
  • The Mastercard Foundation Fund for Rural Prosperity (FRP) is investing $2.8 million in three companies from Burundi, Malawi, and Uganda to support projects that expand financial inclusion in rural Africa.
  • The three companies, Prothem Usine, Pula Advisors, and Enviu BV, were selected from among 195 firms that submitted applications to the third phase of the Fund’s 2017/2018 rolling competition. This competition is an effort to find and support scalable financial products and services for rural areas of Africa.
  • mohammed_ab on 13 Feb 21
     
    The fact that Pula won a funding competition organized by Mastercard FRP where 195 companies were competing for shows the potential the company has. I think that Mastercard understood that Pula is one of the greatest fintech solutions that could expand financial inclusion in Africa.
ayachehbouni

More Capital | More Capital invests in MoneyFellows - 0 views

www.morecapital.com/...apital-invests-in-moneyfellows

shared by ayachehbouni on 13 Feb 21 - No Cached
  • Through its Venture Capital investment platform, the Technology Investment Account (TIA), More Capital participated in an USD 1 Million Pre-Series A Bridge Round raised by Cairo-based Fintech Money Fellows.  
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      In Arab countries, money circles are very common, and a digitized, safer version of it attracts everyone. That is in my opinion the reason why the company is thriving.
nouhaila_zaki

Egypt's Fawry eyes UAE deal, Saudi and Kuwaiti markets | Reuters - 0 views

www.reuters.com/...-kuwaiti-markets-idINKCN1VT06S

Fawry Egypt Expansion

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • “We are looking at Arab countries where many Egyptians live whom we can offer many services such as bill payments,” he said. “We hope to enter the Saudi and Kuwaiti markets in 2020,” he added, without giving more details.Okasha said Fawry, which is owned by local and foreign investment funds and dominates the Egyptian market, had no plans to expand to Africa, as speculated by some analysts.“Egypt is a huge market with 100 million people. We don’t find an African market as large as that. We still find big growth chances (in Egypt),” he said.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces Fawry's expansion plans to other Arab countries where many Egyptians live i.e. Saudi arabia or Kuwait. It also explains the reasons underlying the refusal to expand in other African markets.
mohammed_ab

Fintech alliance facilitates MoneyGram MoMo transfers in Cameroon | ITWeb Africa - 2 views

itweb.africa/...KPNG878K4j3v4mwD

MTN Fintech partnership Financial inclusion

shared by mohammed_ab on 08 Feb 21 - No Cached
  • MTN Mobile Money (MoMo) subscribers in Cameroon can now receive international money transfers through MoneyGram directly into their mobile wallets. This is thanks to a recent partnership between MoneyGram and MFS Africa, which extends the inbound international money transfer service to MTN MoMo payment accounts on new channels.
  • mohammed_ab on 08 Feb 21
     
    This article shows how partnerships are essential for the growth of a company. MTN Mobile Money is already a successful and high growing fintech service with over 22.2 million subscribers in over 15 countries. Even with its established success, MTN needed the partnership between MoneyGram and MFS Africa to offer its subscriber in Cameroon the benefit of receiving international money transfers through MoneyGram. This partnership will allow MoMo to capture new revenue streams.
samielbaqqali

Zeepay's Takyi-Appiah: "The concept of WhatsApp is not proprietary anymore" | RadioFinance - 0 views

www.radio.finance/...app-is-not-proprietary-anymore

Zeepay Africa Customers

shared by samielbaqqali on 13 Feb 21 - No Cached
  • He described an average African user as highly dependent on a mobile device for accessing financial services. Takyi-Appiah also talked about how an innovative yet simple platform built on the over-the-top (OTT) instant messaging service players such as WhatsApp could offer the scale to penetrate millions who do not have access to formal financial services across the African sub-continent and help transform its payment ecosystem.
    • samielbaqqali
      samielbaqqali on 13 Feb 21
       
      Making studies on Africans consumers will help Zeepay gain more customers.
mohammed_ab

MTN South Africa has collaborated with SA fintech Ozow to simplify MoMo transfers - Tec... - 2 views

www.techinafrica.com/zow-to-simplify-momo-transfers

MTN Ozow Collaboration Fintech

shared by mohammed_ab on 12 Feb 21 - No Cached
  • MTN South Africa has simplified the loading of funds for  Mobile Money (MoMo) users. According to a post on IT News Africa, Thomas Pays the CEO of Ozow described the partnership as ” one more step” in enabling “greater digital and financial inclusion” for all of South Africa. MTN MoMo was launched in early 2020 crossing a million users by June offering users an easy way to send money to their families and friends. The same applies to access to value-added services such as renewal of car license discs, prepaid electricity, online purchase of products, and an affiliate network of eCommerce partners.
  • mohammed_ab on 12 Feb 21
     
    I like this service a lot as it allows you to transfer money using your mobile phone and pay daily bills like electricity in a very convenient way.
chaimaa-rachid

MTN South Africa Collaborates with Ozow to Further Simplify MoMo Transfers - NaijaTechG... - 0 views

news.naijatechguide.com/urther-simplify-momo-transfers

Ozow MTN Partnership

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • ‘’Clearly, Ozow is another step towards making it more secure and safer for millions of South Africans to perform mobile transactions conveniently through a USSD code or the MoMo app,’’ says Felix Kamenga, Chief Officer of MTN Mobile Financial Services, South Africa.
  • chaimaa-rachid on 13 Feb 21
     
    This service seems interesting as it permits you to move cash utilizing your cell phone and you can also pay your bills in an easy manner.
hibaerrai

Mukuru expands to more African countries - 0 views

www.iol.co.za/...4f-dd97-476e-9c2b-1d0b24c2d7ec

Mukuru Fintech Money transfer Africa Remittance

shared by hibaerrai on 13 Feb 21 - No Cached
  • The remittances services were declared an essential service during the lockdown restrictions to curb the spread of the Covid-19 pandemic.South Africa moved to level 3 lockdown late in December after the country breached the one million mark of confirmed Covid-19 cases while Zimbabwe went into a hard lockdown as the entire country was declared a coronavirus hotspot as the infection rates drastically surged in all the country’s regions.“We remain cautiously optimistic we can continue in the year ahead to layer new products and services onto our platform to unlock value and move our customers up along the financial inclusion curve.“We will also constantly look to build our network and footprint across Africa and beyond, which will allow us to grow our business not only in terms of the breadth of relevant products and services we offer, but in the depth of customer markets we serve,” said Jury.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Mukuru use increased in the Covid-19 as it is easier to transfer money online. This fintech needs thus to present new services that will make a difference from other fintechs in the country. Also associating with WorldRemit was very important to develop within the country.
kenza_abdelhaq

Safaricom Launches MPESA Bill Manager For Businesses With Automatic Reminders - 0 views

techweez.com/...sa-bill-manager-for-businesses

M-Pesa Kenya Payments Service

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • M-PESA Bill Manager empowers thousands of Kenyan businesses, especially schools and landlords, to digitise their businesses beyond just collecting payments at no additional cost. The service will equally empower millions of M-PESA PayBill customers with better record keeping by providing digital receipts for each payment. Our ambition is to empower both businesses and our customers easily manage and keep track of payments
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      M-Pesa PayBill customers can keep records of their transactions as digital receipts will be generated for each payment.
  • Schools for example can use the Bill Manager platform to customize different type of fees such as tuition, lunch, transport, school trips and among others. Property agents can send rent payment reminders and reconcile any received payments. Utility providers like water and internet providers will be able to automatically bill their customers who in turn will have a way to easily view and manage pending bills.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      The target includes schools, property agents, and utility providers among other businesses or utilities with repeat payments.
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