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ghtazi

BelCash story - HelloEthio - 0 views

  • BCTS has successfully implemented its HelloCash mobile banking platform and 8 000 agents network with 6 local banks and 2 microfinance institutions, making it the largest financial network in the country.This achievement has gained recognition from the UN initiative for financial inclusion, which was substantiated by the visit of UN ambassador for financial inclusion, her Royal Majesty Queen Maxima of the Netherlands in May 2019.
    • kenzabenessalah
       
      Being recognized f=by the UN for financial inclusion adds a lot of value to the company making it more secure to the eyes of its customers. This is important because it places the company in a higher standard in the technology industry.
  • With 17 strong through partnerships, across multiple sectors and an ownership structure in full compliance with the Ethiopian regulations, BelCash Payments-As-A-Platform model spurred numerous “HelloServices”. These services include airtime eTop-up, Pay-As-You-Go solar, Healthcare, eCommerce, Jobs, Entertainment, and many more, providing the Ethiopian population access to essential services through the HelloCash platform and agents network.
    • sawsanenn
       
      Thanks to these services offered, belcash has reached more than 1.4 million customers, and made it as the largest financial network in Ethiopia
  • BelCash Technology Solutions Ltd. (BCTS) was established in Ethiopia in 2011, as a registered Value-Added Service (VAS) . It'main activity is to provides its digital technology platforms to businesses as a service (PaaS).
    • ghtazi
       
      belcash was established in Ethiopia in 2011, The key task is to provide organizations with their digital technology systems as a service.
ghtazi

HelloSolar | HelloSolar, BelCash to offer solar home system - 0 views

  • With Ethiopia moving to a strategy which helps embrace the wisdom of solar energy within the country and play catch-up to successes achieved in neighboring nations such as Kenya and Rwanda; HelloSolar in partnership with BelCash – the mobile banking platform system – is set to introduce a pay-as-you-go system for the nation’s off-grid population with affordable solar home system.
    • sawsanenn
       
      BelCash is a company that is known to have established an advanced use of technology to give customized solutions in convenient payments to vital government services. This partnership will make belcash a pioneer in the country with a majority of customers.
  • “Our mission goes beyond proving affordable access to energy,” Michael Tesfaye Hiruy, the companies Chief Strategy Officer told The Reporter. “Moving forward, we will forge the necessary partnerships to provide access to connectivity and digital services such as healthcare, education, market access and employment”.
    • ghtazi
       
      i found it very interesting that ethiopia wants to become a middle-income country in 2025. they want to do so by having necessary partnerships to provide access to connectivity and digital services. having a partnership of hellosolar and belcash will be a plus not only for the company but also for the whole country.
chaimaa-rachid

Standard Bank acquires SnapScan maker - TechCentral - 0 views

  • Firepay launched SnapScan in partnership with Standard Bank in 2014. The SnapScan app allows users to pay for goods and services using only their mobile phone. Today, the company has 32 000 physical and online merchants.
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    Snapscan with Firepay will continue to make and expand contributions to offer a large choice of payment services.
mohammed_ab

'Smart' insurance helps poor farmers to cut risk | Financial Times - 1 views

  • The policies or “smart contracts” currently under development are based on blockchain, the distributed ledger technology that underpins cryptocurrencies like bitcoin. This avoids the need for paperwork and means payouts can be triggered automatically when certain conditions are met, such as a specific number of days of drought. The system uses high-resolution satellite images to detect rainfall and plant growth data.Conventional crop insurance is too expensive for more than 500m small farmers worldwide, says Christopher Sheehan, founder and chief executive of US-based WorldCover, which developed the system. “But with machine learning and blockchain technology, we can process these data very cheaply to produce a really simple crop insurance product with premiums of $20 to $50 for a farmer who might only be earning $3,000 a year.” Payments can be made using mobile money transfer services such as M-Pesa.
  •  
    I think that this article highlights the main benefits of blockchain technology on the insurance industry. It shows how blockchain has enabled easy and quick transactions to take place in the insurance world especially crop insurance. This technology has enabled companies like WorldCover to offer cheap insurance contracts for crop farmers to help them hedge against weather risks.
ghtazi

AV Ventures Invests in AgroCenta, Supporting Digital and Financial Inclusion of Ghanaia... - 0 views

  • AV Ventures, ACDI/VOCA’s impact investing subsidiary, recently completed its investment in AgroCenta, a technology-driven agricultural platform provider in Ghana. The funding made by AV Ventures is part of a US$790,000 pre-Series A investment round with other participating international institutions, including Shell Foundation, the United Kingdom’s Foreign, Commonwealth and Development Office, and Rabo Foundation, with support from AgroCenta’s strategic advisor, Qbera Capital.
    • tahaemsd
       
      With the newly secured funding, agrocenta will widen the reach of its smallholder farmer financial inclusion programs
  • The digital services AgroCenta provides along the selected cereals value chain also improve the repayment of loans by smallholder farmers. The services provide farmers with an end market through the offtaking of produce and through facilitating the provision of high-quality agricultural inputs, which maximize their yields and productivity. To date, the average farmer on CropChain has increased their income by 35 percent and their crop yields by 40 percent, while reducing their food waste by 25 percent. AgroCenta has also made strides to promote gender and social inclusion; nearly half of its CropChain users and more than half of its microloan borrowers on LendIt are female smallholder farmers. 
    • nouhaila_zaki
       
      This excerpt is important because it introduces the results of using AgroCenta on smallholder farmers, ranging between the maximization of productivity, of income, reduction of food waste,to gender and social inclusion.
  • Founded in 2016, AgroCenta operates two integrated digital platforms in Ghana, CropChain and LendIt, to help address challenges related to smallholder farmers’ access to markets and financial services.
    • kenza_abdelhaq
       
      Since 2016, AgroCenta operates 2 digital platforms: - CropChain: integrated agricultural supply chain management platform. - LendIt: allowing access to financial services like mobile payments, microloans, crop insurance.
  • ...4 more annotations...
  • Poor infrastructure and logistics prevent many smallholder farmers in Ghana from accessing large, urban markets where they could obtain better prices for their crops. Many of these farmers lack information on fair market prices, which leaves them susceptible to selling at low prices to middlemen. Without a strong credit history, many of them also have limited access to finance for purchasing high-quality agricultural inputs that would enable them to scale beyond subsistent production.  
    • sawsanenn
       
      this excerpt shows reasons why smallholder farmers should consider agrocenta to increase their profitability and their revenues
  • For AV Ventures, the investment is part of its long-term strategy of providing innovative and catalytic capital to support growth-oriented small- and medium-sized enterprises (SMEs) like AgroCenta that make up the “missing middle” of investment — too large for microfinance but too small or too early-stage to attract private equity investors. These SMEs are often the backbone of economies and potential drivers of innovation, but too often they miss out on financing that could enable their growth and longevity.  
    • hibaerrai
       
      Agrocenta attracts more investors as it is considered among small and medium businesses that promote innovation. In fact, the fintech is specialized in agricultural loans, something not that common in the country.
  • CropChain is an integrated agricultural supply chain management platform that provides smallholder farmers with access to markets. Farmers use the platform to advertise their produce, while large offtakers or buyers of selected cereals use it to make purchases or enter long-term offtaker purchase contracts with AgroCenta. AgroCenta leverages the platform to source cereals directly from smallholder farmers to supply to large offtakers who have contracts with the company. This allows AgroCenta to earn margins between the price it pays farmers and the contractually agreed upon price with offtakers.
    • mbellakbail69
       
      Agrocenta draws even more investment amongst SMEs that promote innovation. This extract shows some of the reasons why smallholders should consider Agrocentra for increasing the profitability and income .
  • “This is a significant milestone for AgroCenta, having the support of leading institutions, particularly with the COVID-19 backdrop, underlining the strength of AgroCenta and the importance of its mission. The demand for agricultural raw materials from offtakers in the brewery, manufacturing, and consumer sector is increasing exponentially because of the easing of COVID-19 restrictions that were put in place by the government of Ghana. Hence, this capital injection will help to secure purchases at fair and transparent prices from smallholders — a much needed lifeline for many who are at the proverbial bottom of the pyramid.”
    • ghtazi
       
      in this excerpt, we can see how agrocenta takes the pandemic situation and what are the solutions that the company adopts to face it.
mehdi-ezzaoui

Techstars Announces 10 Startups For First-Ever African Program - 1 views

  • SimbaPay (UK, focussed on Kenya, Uganda, Rwanda) – "Send money to family and friends bank accounts or mobile wallets in Africa (from abroad) in a convenient and cheap way. Customers can also use their bill settlement technology to pay merchants in Africa (such as universities, utilities). You can also open a bank account back home using the app".
  •  
    simbapay as one of the 10 best startups
mohammed_ab

How Can FinTech Companies Gain Agility by Setting a Cloud Strategy - The PNR - 0 views

  • Cloud computing allows financial institutions to optimize IT resources and remove development constraints based on IT’s capacity to deliver (Cofran, 2011, p. 1). Financial institutions can respond faster to needs of customers by reducing development cycles for new products and scale products as needed because of the flexibility of the cloud (Sriram, 2011, p. 4). Furthermore, cloud computing helps financial institutions standardize applications and infrastructures which simplify the overall enterprise architecture. According to Courbe (2013), having a common infrastructure already in place worldwide enables a system to serve customers more efficiently and effectively globally.
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    Cloud computing has a lot of benefits on financial services. M-Pesa which is a fintech that offers mobile payment solutions to the unbanked population could really benefit from cloud computing. By using cloud computing, M-Pesa could improve its system reliability as it allows you to have higher data protection and recovery. It will also allow M-Pesa to optimize its IT infrastructure.
aminej

MoneyFellows: Overview | LinkedIn - 0 views

  • MoneyFellows is a collaborative Group Lending and Savings Platform. It is a trusted and more convenient way of finding and managing Money Circles online, by digitizing the traditional, informal offline ROSCA (Rotating Savings and Credit Association) Model, allowing users to meet their financial and saving needs.
    • aminej
       
      MoneyFelows is an Egyptian Fintech. They offer an innovative service with 0% service fee and flexible payment option. For people who need money and want to borrow to each other.
kenzabenessalah

Cassava Fintech | Start-Up Nation Central - 0 views

  • In July 2018, Start-Up Nation Central hosted a delegation from Cassava Fintech, Africa who are leading Africa’s Fintech Transformation Revolution. Cassava Fintech provide inclusive access to digital financial services across Africa, helping drive financial inclusion, digital payments and the adoption of mobile e-commerce.
    • kenzabenessalah
       
      Cassava must always be on point since it once was the leading company in Africa's Fintech Transformation Revolution. Helping to create more digitalized services for Africa is a great initiative.
aminej

Mama Money Company Profile - Office Locations, Competitors, Revenue, Financials, Employ... - 0 views

  • Mama Money is a company that operates as an international money transfer operator. It offers a mobile app that allows users to send money to their families.
    • aminej
       
      Mama money can be considered as a competitor of SimbaPay since they both offer the same services which consist of sending money to your families.
tahaemsd

Zeepay - Tech Stack, Apps, Patents & Trademarks - 0 views

  • Zeepay is actively using 24 technologies for its website, according to BuiltWith. These include Viewport Meta, IPhone / Mobile Compatible, and SPF.
    • tahaemsd
       
      different technologies used by Zeepay
kenzabenessalah

Cape Town goes cashless as mobile payment apps take off - BBC News - 0 views

  • Mr Winter, however, feels security is actually enhanced by the likes of SnapScan and FlickPay, as the customer's credit card is never handled by the merchant so cannot be skimmed or copied. Mr Rusagara says the system is secure for both customer and retailer, with QR codes expiring upon use, or after 90 seconds.
    • samiatazi
       
      Security is being a common concern of the community which made it a necessity for companies to be security centered in order to assure their customers. in fact, SnapScan focused mainly on this issue and developped an innovative tool namely QR codes expiring after a max of 90 seconds.
  • "SnapScan does not charge shoppers any fees. Merchants pay a small transaction fee that is comparable or cheaper than using normal credit card facilities."
    • kenzabenessalah
       
      Using SnapScan is cost-effective because the transaction fee is cheaper than the normal credit card one.
mohammed_ab

Fintech, bank partnerships will deepen financial inclusion - 1 views

  • MTN believes that the power of partnerships should never be underestimated. As the central bank finalizes the National Payment Systems Act regulations, we foresee more possibilities for partnerships between banks, Fintech, and Mobile Network Operators that will further drive financial inclusion.
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    I like how MTN sees partnerships with banks and other financial institutions as a way to become more reliable and trustworthy in the eyes of customers. I agree that without such partnerships, it will be very hard for fintech companies to achieve financial inclusion.
samielbaqqali

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

  • 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
       
      Making studies on Africans consumers will help Zeepay gain more customers.
samielbaqqali

Ghana: Zeepay Partners Transfast to Extend Local, International Remittance Reach - allA... - 0 views

  • Zeepay, a fast-growing financial technology (fintech) company into Mobile Financial Services across Africa, has announced its partnership with Transfast, a Mastercard company and a leading cross-border payments service provider.
    • samielbaqqali
       
      As Mastercard is very famous, most of their users would be interested in Zeepay's services.
hindelquarrouti

WorldRemit launches cash pickup service in Lebanon, Algeria | Mobile Payments Today - 2 views

  • Digital money transfer service WorldRemit has launched a new cash pickup service in Algeria and Lebanon, according to a press release.In Lebanon, funds recipients can collect cash from more than 130 branches of Wings International. Algerian recipients can collect cash from any branch of Trust Bank Algeria across the country. With the WorldRemit app or website, people in more than 50 countries can send instant, secure money transfers to more than 125 destinations, the release said.
  • In Lebanon, funds recipients can collect cash from more than 130 branches of Wings International. Algerian recipients can collect cash from any branch of Trust Bank Algeria across the country. With the WorldRemit app or website, people in more than 50 countries can send instant, secure money transfers to more than 125 destinations, the release said.
    • samielbaqqali
       
      In Algeria, WorldRemit provides a good service and it seems they have earned the confidence of customers, so I believe an expansion strategy will work for them because they are growing rapidly and in many countries.
  • With the WorldRemit app or website, people in more than 50 countries can send instant, secure money transfers to more than 125 destinations, the release said.
  •  
    WorldRemit is providing a good service in Algeria and it seems that they've gained the customers trust, so I believe that an expansion strategy can work for them because they're growing fast and in many countries.
  •  
    WorldRemit is expanding and launching new services in Lebanon. Now people in numerous countries can send instant money, and in even a larger number of countries, people can receive instant money.
ghtazi

Mukuru CEO - Using technology to serve the underserved - Intelligent CIO Africa - 0 views

  • Biometrics is another sort of key differentiator in the space for increased security and ease of sign-up. Africa is ready for digitisation, and we have already seen good traction in SA with our Mukuru Card product. Mukuru is investing in technology to support customers as they digitise in the coming years, across our footprint.
  • Ensuring that the core stability and functional capability brought about by the technologies and coding languages mentioned earlier is of paramount importance. We are relaunching our app and that’s been built on the Flutter framework. The app is important because it allows for content rich customer engagements.It will also enable us to ingest/scan customer documents in real-time, process card payments securely so that customers can create and pay for orders in one step as opposed to two, as well as allowing for a host of additional customer facing services and capabilities to be deployed.The core DNA of our business is making sure that it’s super simple and that somebody with a feature phone is not precluded from using the service, because that is the essence of where our customer base is at, so we want modular technological capabilities that we can use in any conditions.
    • nouhaila_zaki
       
      This article is important because it touches upon different facets of Mukuru, but the highlighted excerpts are very interesting because they enumerate the different technologies in which Mukuru is investing and the reasons behind such investmnents.
  • ...3 more annotations...
  • Mukuru has been at the forefront of technology launching a multitude of cutting-edge initiatives designed to solve problems for the African migrant diaspora.This year has seen it launch Mukuru Groceries – a service that is giving SADC based customers the ability to send groceries to their families and communities back home in Zimbabwe.At a time when many families are struggling to obtain basic commodities, Mukuru Groceries will help support Zimbabwe’s large diaspora in their quest to send critical financial resources to families back home.
    • hibaerrai
       
      Even if Mukuru operates only in Africa, it creates new concepts that will make their services essential in the country. Mukuru groceries is a smart strategy, and it will help attracting more and more customers as it supports one of their vital needs.
  • Through our partnerships we have over 300,000 pay-in and pay-out points across Africa. We’ve partnered with major banks in all the territories we operate in – if we don’t have a licence, particularly at the outset of a product or service offering, in the country, then we have to use an authorised dealer bank. We work with the big retailers in South Africa, that have been exceptional at making their branch infrastructure with their footprint available to digital services. So we work with all the big retailers in South Africa and similarly so in other territories, so companies like Shoprite, Pick n Pay,Boxer, Spar, PEP, Massmart, complemented by mobile wallets like mPesa – a range of key names.
    • sawsanenn
       
      Working with different partners across Africa can be beneficial to Mukura since they can expand their business in other countries besides the ones that they are already working with.
  • The company has also formed a partnership with WorldRemit, a leading global online money transfer service, to facilitate money transfers to Zimbabwe from across the globe. The partnership will be instrumental in bringing world-class financial services to Zimbabweans and generating new synergies for African financial inclusion
    • ghtazi
       
      in this excerpt, we can see that the company has a partnership with WorldRemit, which is a leading global online money transfer service, in order to facilitate the transfer of money for Zimbabwe from across the globe. which in my humble opinion will create and generate new synergies for African financial inclusion.
mehdi-ezzaoui

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

  • MTN Nigeria, the largest mobile telecommunication firm in the country has reported a 23% rise in its FinTech revenue. This was confirmed by the company CEO, Ferdi Moolman in the company’s notes to the results
  • MTN also revealed plans to widen its FinTech service offering “from basic transfer service and airtime/data sales to a more extensive bouquet, including cash deposit and withdrawal services, bill payments and facilitating -e-commerce” it concluded.
  • MTN has also recorded an increase in data revenue which it ascribed to “greater population coverage, a revamp of our data portfolio and initiatives to drive 4G device penetration”
  • ...1 more annotation...
  • MTN’s foray into the FinTech space has often been viewed as a game-changer in a very competitive and dynamic FinTech space. With its huge balance sheet and brand power, the company has a large cash pile that it can throw into space.
  •  
    MTN one of the largest telecommunication in the world has been investing a lot in fintech in African countries with their MoMo service. The company witnessed a rise in Fintech revenues which will enable the company to offer more fintech solutions.
  •  
    From this article we can see that MTN has grown and continues to grow as more and more people will rely on them.
  •  
    MTN's foray into the FinTech space has often been viewed as a game-changer in a very competitive and dynamic FinTech space.
ghtazi

Mukuru Adds Sign-Up Feature to WhatsApp - IT News Africa - Up to date technology news, ... - 1 views

  • By signing up for Mukuru via WhatsApp, users will be able to bypass the onerous task of submitting Know-Your-Customer (KYC) documents to an agent or Mukuru branch in person. Instead, they can submit documents directly to Mukuru’s verifications team. Mukuru will then provide timely feedback via WhatsApp as to whether a prospective customer’s ID documents have been effectively verified or not (and if the customer needs to take further steps). “Our customers already use WhatsApp extensively to create money transfer transactions (comprising more than 30% of our total monthly transaction volume in SA) so we are naturally extending self sign-up services on this channel,” says Jury. “This capability removes key barriers for our customers and increases accessibility to important financial services in South Africa and across our network. By harnessing our technology expertise and ability to innovate around customer pain points, we are boosting financial inclusion by allowing customers to submit their own KYC documents and gain access to higher limits.”
    • nouhaila_zaki
       
      This excerpt is important because it reflects the importance of WhatsApp in the operations of Mukuru. 1- Whatsapp allows cheap KYC 2- Whatsapp is an extension of customer habits 3- Whatsappremoves barries to access financial services.
  • “Our customers have been asking for a Mukuru App, and we have made sure to develop and present a solution that empowers our customers to send money back home to their families in an even safer and more convenient way. Mukuru has always given its customers the ability to transact when and wherever they need to through our existing USSD and WhatsApp offerings – the Mukuru App adds a richer experience and more control for a customer to manage their profile,”
    • sawsanenn
       
      It is a good idea to use one of the most used social media application which is WhatsApp, it will be more easy for customers to make a payment or receive it. It is a good approach to make the transactions accessible and easy for everybody.
  • “Our customers have been asking for a Mukuru App, and we have made sure to develop and present a solution that empowers our customers to send money back home to their families in an even safer and more convenient way. Mukuru has always given its customers the ability to transact when and wherever they need to through our existing USSD and WhatsApp offerings – the Mukuru App adds a richer experience and more control for a customer to manage their profile,”
    • ghtazi
       
      the introduction of Mukuru to social media is a great move since we live in an era where social media controls everything. it will also touch the z generation and will extend their target customers.
chaimaa-rachid

Value Addition in Mobile Money Transfer Services in Kenya: The Case of M-Pesa - 0 views

  • M-PESA is a very popular service among Kenyans as it serves to increase money circulation in the economy by offering a fast and secure mode of transferring money, making payments and also borrowing and repaying loans.
  •  
    In the positioning strategy, they replace the attractive contributions that suit the rivalry. M-pesa is personalized with a substance that interests customers and a built reliability.
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