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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."
samiatazi

Finance Technology Strategy and Vendor Selection | Deloitte US - 0 views

www2.deloitte.com/...tegy-and-vendor-selection.html

Finetchs Digital-World Strategy Vision

shared by samiatazi on 13 Feb 21 - No Cached
  • Many CFOs are quick to think that technology will solve all of their CFO technology problems and, in some cases, they are told that it will. But if the fundamentals aren’t in place and the path to an end is not defined, a well-intentioned finance modernization initiative can fall short of expectations. This can potentially lead to a significantly lower return on investment, add to the frustration of business users, and cause organizational leaders to become skeptical about future finance modernization projects.None of us knows for certain what the future will hold, but we all have a responsibility to anticipate and prepare for change. In finance, that means working now to get the right people and technology in place to take advantage of the inevitable disruptions ahead. But that’s not likely to happen without a clear vision and strategy for finance in a digital world. Now is the time to step back and make sure your finance transformation roadmap to that future is clear.Having a technology-enabled finance strategy, including identifying and prioritizing where and when to invest in finance modernization assets, is critical to creating organizational value and driving business performance.Back to top
    • samiatazi
      samiatazi on 13 Feb 21
       
      CFOs presume easily that all of their CFO technology issues can be overcome by technology. But it's certainly more than that because The development of an organizational value can't take place without a clear vision and strategy for finance in a the digital world.
nouhaila_zaki

What Kenya's mobile money success could mean for the Arab world - 1 views

www.worldbank.org/...-could-mean-for-the-arab-world

M-Pesa Kenya Arab World

shared by nouhaila_zaki on 12 Feb 21 - No Cached
  • For a successful model, the Arab World can look to Kenya’s development of mobile money or “M-Pesa”. In many ways, the elements that lead to M-Pesa’s success in Kenya are already present in the Arab World. Young people in MENA are digitally savvy, are active on social media and are some of the heaviest users of mobile phones in the world.
    • hichamachir
      hichamachir on 12 Feb 21
       
      M-Pesa can influence many countries to believe in the power of technology and innovation. I think that embracing the entrepreneurial lifestyle can help many countries to innovate and create successful business and M-Pesa is a great example.
  • The growth of M-Pesa is the result of many factors, including the ease of setting up an account (which is free and only requires an official ID), its simplicity of use, its affordability, the high literacy rate of the population, and the high penetration of mobile phones.Another key element to M-Pesa’s growth worth emphasizing is the regulatory stance adopted by the Central Bank of Kenya (CBK). It decided not to oppose the entry of the telecom operator into the financial sector as long as it offered sufficient guarantees. CBK adopted an “above the fray” position as a regulator and allowed for experimentation in order to foster innovation.
  • The successful adoption of M-Pesa in Kenya reverberated across the African startup scene. It acted as a catalyzer and a signal for young entrepreneurs in Kenya and Africa as a whole: revolutionary ideas could be successfully implemented in Africa and generate both business opportunities and a development path for local communities.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      M-Pesa will influence many nations to believe in the potential of creativity and technology. I think it will help many countries to innovate and build effective companies by adopting the entrepreneurial lifestyle, and M-Pesa is an excellent example.
  • ...1 more annotation...
  • A MENA perspectiveMENA could easily follow in Kenya’s footsteps, and reap immense benefits. The adoption of mobile payment systems makes transactions cheaper, easier and safer. By simplifying how clients can pay for goods and services, it helps firms reach out to new customers and foster private sector development across the economy. Moreover, as is often the case with innovations, it has the potential to be built upon and used by other new technologies and to create a positive momentum in fintech as a whole.Governments in the Middle East and North Africa should enable digital innovation with conducive regulations and the development of a regulatory ‘sandbox’, which guarantees the security of transactions but allows for experimentation, that would stimulate the development and adoption of disruptive innovations.Today, economic connectivity is achieved by the development and harmonization of optic fibers, IT equipment, online payment systems, information transmission and data protection policies. If the MENA region puts sufficient efforts in this direction, it could propose a new path to its citizens, in particular the youth, and bring about a new development strategy adapted to the modern age.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This except is very interesting because it touches upon the way in which M-Pesa could benefit MENA societies. It encourages MENA governments to legislate in favour of innovation and digital products in order to propose a new development strategy that befits the modern age.
  • mohammed_ab on 12 Feb 21
     
    I think that this article has some great information on how to replicate the success story of M-Pesa in the Arab World. I think that the Arab World is in need of such service to facilitate the life of unbanked people, and especially women. This article also highlights the importance of having a lenient regulatory system.
aymanelmamoun

Smartel Money gains traction - The Reporter Lesotho | Fresh News, Daily - 0 views

www.thereporter.co.ls/...smartel-money-gains-traction

SmartelMoney Lesotho E-Payment NoCash Africa

shared by aymanelmamoun on 13 Feb 21 - No Cached
  • Smartel Money LTD is an e-commerce business allowing payments and money transfers to be made through the modern ICT platforms as well as using the mobile and non-mobile platforms as well as using the freely downloaded applications. It is an internet based e-commerce payment system, which intends to be a payment processor for online vendors as well as click and brick businesses, auction sites, grocers and other commercial users, for which it charges a fee. The government of Lesotho has announced plans to reduce the handling of cash and replacing it with a digital payment system, in a bid to reduce the spread of Covid-19. Smartel Money is one of five mobile money issuers in the country. Their aim is to help businesses and individuals. They provide full business systems platforms, full personal systems of the use of mobile money.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Smartel Money aims for a cashless society in which institutions, individuals and businesses manage and exchange money through this e-commerce platform. It is better to decrease encounters between individuals in this Covid-19 period.
  • Smartel Money LTD held a public awareness initiative last Friday, aimed at aiding businesses and the general public towards a cashless society.
    • ayoubb
      ayoubb on 13 Feb 21
       
      Smartel Money LTD
  • Smartel Money LTD is an e-commerce business allowing payments and money transfers to be made through the modern ICT platforms as well as using the mobile and non-mobile platforms as well as using the freely downloaded applications. It is an internet based e-commerce payment system, which intends to be a payment processor for online vendors as well as click and brick businesses, auction sites, grocers and other commercial users, for which it charges a fee.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      Smartel Money in Lesotho is getting more customers throught an innovative strategy allowing payments and money transfers through the modern ICT Platforms. The internet based payment system reduces the handling of cash.
mehdibella

FarmDrive LTD | F6S - 0 views

www.f6s.com/farmdriveltd

Fintech Farmdrive kenya

shared by mehdibella on 07 Feb 21 - No Cached
  • FarmDrive is a tech-driven social enterprise working at the intersection of technology, agriculture and finance. FarmDrive is improving the livelihoods of smallholder farmers in Africa by using new technology and alternative data to increase availability of capital; mitigating both financial and operational risks while creating shared value for other players in the value chain.
    • hibaerrai
      hibaerrai on 07 Feb 21
       
      FarmDrive gives the opportunity to smallholder farmers to extract loans and have access to different financial services to manage their small businesses.
  • FarmDrive understands smallholder farmers uniquely through dynamic datasets and translates this to financial institutions. More than 50 million smallholder farmers in Africa are struggling to make a living due to lack of capital to improve their farming activities.
  • FarmDrive has developed a platform that gathers data on smallholder farmers both from the ‘ground’ and ‘data from the sky’. FarmDrive uses sophisticated algorithms to turn that data into comprehensive credit profiles of “unbanked and underbanked” smallholders who have little access to credit.
    • mehdibella
      mehdibella on 13 Feb 21
       
      this solution is a catalyst to reduce the operational costs while increasing operational efficiencies. The platform allows them to do so by using modern technology, and an immense amount of data captured by the solution interfaces.
  • ...1 more annotation...
  • The solution is a catalyst to reduce the operational costs while increasing operational efficiencies. Whether credit providers are seeking to better minimize their credit risk exposure, digitize their loan application processes, or streamline their new client outreach, the FarmDrive platform allows them to do so by using world-class algorithms, modern technology, and an immense amount of data captured by the solution interfaces.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      FarmDrive solution presents a win-win situation for both financial and credit institutions and farmers; from mitigating risk to having access to financing and increasing performance and operational efficiency.
  • kenza_abdelhaq on 13 Feb 21
     
    "The solution is a catalyst to reduce the operational costs while increasing operational efficiencies. Whether credit providers are seeking to better minimize their credit risk exposure, digitize their loan application processes, or streamline their new client outreach, the FarmDrive platform allows them to do so by using world-class algorithms, modern technology, and an immense amount of data captured by the solution interfaces."
kenza_abdelhaq

Finalists Named for the 2020 TAG Fintech South Innovation Challenge - TAG Online - 0 views

www.tagonline.org/...ech-south-innovation-challenge

Ethiopay Ethiopia Payments recognition

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Applications were submitted by companies across the region. The 10 finalists include: Artis Technologies, LLC – modern financing made simple through an embedded financial services platform for digital lending and real-time payments EnrichHER – offers funders the best selection of vetted investment opportunities in companies that have women in leadership roles, while cultivating a thriving ecosystem of New Majority businesses Ethiopay – safe and convenient way to pay loved ones’ bills from anywhere in the world Finosec – IT and cybersecurity management platform for the banking industry Griffin Technologies – customer intelligence platform that provides banks modern day context on new and existing customers Immediate – helps businesses recruit, engage, and retain employees by providing a financial wellness solution that delivers on-demand access to earned pay InvestGuard – technology-enabled exchange for independent PE sponsors Lendsmart AI – AI-enabled technology platform transforming the homebuying process Ryze – Bitcoin-first financial institution, starting with the most powerful way to save and accumulate Bitcoin VIVA Finance – improving employees’ financial well-being through an affordable lending program and financial education
  • At the conclusion of the program, the startups will present to a panel of investors during Fintech South’s Investor Preview event on Monday, Oct. 5. The top three companies will hit the virtual conference’s main stage for a chance to win $25,000.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This article is important because it shows that Ethiopay uses competitions in order to 1- Get financing, 2- Earn regional and international recognition for winning a prestigious competition, 3- Use this competition as a marketing opportunity.
  • ...2 more annotations...
  • Ethiopay – safe and convenient way to pay loved ones’ bills from anywhere in the world
    • ghtazi
      ghtazi on 13 Feb 21
       
      ethiopay is in the top three companies that will hit the virtual conference's main stage for a chance to win 25 000 dollars. which shows us how Ethiopay is invested in what it's doing.
  • Technology Association of Georgia (TAG)  announces 10 startups selected for the Fintech South Innovation Challenge 2020 class. Beginning Sept. 3, the companies will participate in a four-week virtual Education and Mentoring program, which aims to accelerate early stage fintech companies in the region through instruction and mentoring
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Ethiopay is selected as a finalist for the 2020 Fintech South Innovation Challenge.
chaimaa-rachid

MTNGH-2019-Annual-Report-final-10mb.pdf - 0 views

MTNGhana Africa Telecommunication Leader

shared by chaimaa-rachid on 13 Mar 21 - No Cached
  • MTN Ghana is part of the MTN Group, a leading emerging market mobile operator, driven by the belief that everyone deserves the benefits of a modern connected life. MTN Group has operations in 21 countries in Africa and the Middle East.
tahaemsd

Exploring the usage and impact of "transformational" mobile financial services: the cas... - 0 views

www.tandfonline.com/...17531050903273768

unbanked modernization development africa

shared by tahaemsd on 11 Feb 21 - No Cached
  • application was utilized for the cultivation of livelihood strategies. Such strategies helped residents to cope with (temporarily adjust) and recover from (longer-term shifts in livelihood strategies) stresses and shocks. It will also explain the outcomes resulting from these strategies. I
tahaemsd

Bismart - Make-IT in Africa - 0 views

make-it-initiative.org/...bismart

africa modernization insurance service fintech

shared by tahaemsd on 12 Feb 21 - No Cached
  • Bismart offers potential insurance customers more transparency as a better basis for deciding between various insurance packages.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      This is particularly important as less than 10 percent of people in Subsaharan African are insured
mohammed_ab

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

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

M-Pesa Mobile Money Africa Fintech

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

Zeepay and Moneygram team up for African mobile wallet play - 0 views

www.finextra.com/...for-african-mobile-wallet-play

fintech payments africa modernization electronic

shared by tahaemsd on 12 Feb 21 - No Cached
  • MoneyGram a global provider of money transfer services, teamed up with Zeepay, a leading African FINTECH Giant, to allow customers to send money directly to all mobile wallets in Ghana in minutes.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      The partnership between MoneyGram and Zeepay makes it easier for customers to send money to their families and friends in Ghana.
tahaemsd

Bank of Ghana Licenses First Fintech; Zeepay Ghana to Operate as an Electronic Money Is... - 0 views

www.proshareng.com/...50782

fintech payments africa modernization electronic

shared by tahaemsd on 12 Feb 21 - No Cached
  • In furtherance of efforts to deepen financial inclusion and in accordance with the Payment Systems and Services Act, 2019 (Act 987), the Bank of Ghana has issued its first Dedicated Electronic Money Issuer Licence, to a local Financial Technology (Fintech) company, Zeepay Ghana Limited.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      This license authorises Zeepay to operate as a dedicated electronic money issuer
tahaemsd

Smartel Money Ltd, Main Traffic Circle, Maseru (2021) - 0 views

www.findglocal.com/...Smartel-Money-Ltd

fintech payments africa modernization electronic

shared by tahaemsd on 12 Feb 21 - No Cached
  • To improve the access of banked and non banked members of the community's access to finances.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Mission of Smartel Money
tahaemsd

Nchai Nchai - Business Head - Smartel Money Ltd | LinkedIn - 0 views

ls.linkedin.com/...nchai-nchai-44b0a661

fintech payments africa modernization electronic

shared by tahaemsd on 12 Feb 21 - No Cached
  • Smartel money is an internet based e-commerce payment system, which intends to be a payment processor for online vendors as well as click and brick businesses, auction sites, grocers and other commercial users, for which it charges a fee.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Smartel Money provides the above via the My Wallet (TM) service
tahaemsd

AgroCenta - Disrupt 100 - 0 views

www.disrupt100.com/?company=agrocenta

fintech agriculture africa modernization ecosystem

shared by tahaemsd on 12 Feb 21 - No Cached
  • AgroCenta has four key strands to the business. First is its AgroTrade platform which enables smallholder farmers in remote farming communities to sell directly to buyers in the urban areas. Second, its TruckR on-demand shipping logistic service provides transport for goods at the click of a button. Third, AgroInfo gives smallholder farmers information on commodity pricing via SMS and Voice solutions, helping farmers make informed decisions on how to price competitively. Lastly, AgroPay is a financial-inclusion product for smallholder farmers, allowing them to easily access credit facilities, layaway some funds and transact using the power of mobile phones.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      using its innovative technology which connects smallholder farmers to a larger market to trade and sell directly to buyers in the urban area
tahaemsd

Democrance - 0 views

www.democrance.com/om-middle-east-africa-and-asia

Fintech Africa Payments modernization Service

shared by tahaemsd on 13 Feb 21 - No Cached
  • Designed by AXA and Democrance, Hello Protect taps into Hello Paisa’s existing customer base and allows its members complimentary access to the personal accident insurance for themselves when transferring money through Hello Paisa’s branches. The platform allows users to manage all their insurance needs via their mobile phones. Payouts for all claims are made instantly via Hello Paisa’s remittance houses in beneficiary countries.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      launch of a new personal accident insurance sheme for customers of the international money transfer hello paisa
tahaemsd

Hello Paisa halves remittance fees to Zimbabwe | ITWeb - 0 views

www.itweb.co.za/...Olx4z7kn3OLv56km

Fintech Africa Payments modernization Service

shared by tahaemsd on 13 Feb 21 - No Cached
  • Money transfer service Hello Paisa has dropped remittance fees by half on every transaction to Zimbabwe, and is also offering digital banking accounts with zero transaction fees, to assist migrants impacted by the COVID-19 pandemic.The fintech says cost-effective remittances are an essential service as they are a lifeline for the migrants and those they support across borders.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      Zimbabwe is currently facing its own unique hardships economically, and fintech companies like hellopaisa have an essential role to play in financial empowerent
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