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tahaemsd

Pay Bills & Everything in Egypt with Fawry - What to pay? - 1 views

  • Through Fawry, you can easily pay bills in Egypt and other services for telecommunications, tickets and tourism, online payments, various utilities, insurance, education fees, donations, financial payments and banks, pay for subscriptions and ads, and renew your car license.
    • nouhaila_zaki
       
      This excerpt is important because it lists the services that Fawry offers its private clients.
  • Fawry network has an extensive list of Biller members, allowing you to easily complete your payments on time without the hassle of going to the Biller outlet or waiting in line. You can also make multiple payments at the same instance covering your various obligations on time, and receiving a confirmation of payment.
    • tahaemsd
       
      utility of Fawry in payment of bills and other services for telecommunications and other stuff.
omarlahmidi

Global Payment Gateways Market Current Trends, Competitive Landscape and Future Growth ... - 0 views

  • This Global Payment Gateways Market report provides the readers with detailed figures at which the Payment Gateways market was valued in the historical year and its expected growth in upcoming years. Besides, analysis also forecasts the CAGR at which the Payment Gateways industry is expected to mount and major factors driving markets growth. The global Payment Gateways market report offers users the detailed study of the market and its main aspects. There are different marketing strategies that every marketer looks up to in order to ace the competition in the Global market. There is a target set in market that every marketing strategy has to reach. Some of the important aspects analyzed in the report include market share, production, key regions, revenue rate as well as key players.
omarlahmidi

SnapScan Company Profile: Acquisition & Investors | PitchBook - 0 views

  • Developer of mobile payment application designed to help users to make quick and easy payment through their mobile phones. The company's application services include easy sign up, affordable, convenient, easy payment reconciliation and simple payment notification, enabling users to make making easy payments for purchasing goods and services online.
    • kenzabenessalah
       
      SnapScan also gives clear instructions on how to use the service which is useful for elders. This shows that it really targets a wide range of customers.
  • SnapScan General Information
    • omarlahmidi
       
      SnapScan gives u clear instructions
nouhaila_zaki

History of Fawry - 1 views

  • vision of introducing electronic bill payment in Egypt, to beat the pressing need for convenience and easy payments in a country where traffic congestion and complex procedures are daily challenges that face consumers.
    • nouhaila_zaki
       
      This excerpt is relevant because it introduces the pressing need that Fawry is intended to address. Bill payments seem to lead to traffic congestion and complex procedures that push Egyptian people to seek Fawry services.
  •  
    "vision of introducing electronic bill payment in Egypt, to beat the pressing need for convenience and easy payments in a country where traffic congestion and complex procedures are daily challenges that face consumers."
aminej

Fawry Banking and Payment Technology Services: Overview | LinkedIn - 0 views

  • Fawry Banking and Payment Technology Services- a joint venture between HSBC, Arab African International Bank, Bank of Alexandria, EFG Hermes, Raya Holding and Fawry management)- is an electronic bill payment and presentment (EBPP) network that enables the Egyptian public to conveniently and securely pay their bills and topup their mobile phones through the various electronic channels available at banks and a network of retailers. Consumers will be able to pay their bills, buy their tickets, topup their phones and process other types of payments by seeking the service through any member bank or member retailer on the network. We link billers of all sectors to our nationwide network and integrate with them to make their bills available in electronic format
    • aminej
       
      I like this service a lot since it is very practical for people who work all day and who do not have time to go to different places in order to pay for their different bills. It is also convenient for people who want to order groceries but do not want to go and lose time there. They offer services that people need on a daily basis in a practical way
hindelquarrouti

IfG.CC - Egypt: Fawry launches first nation-wide electronic bill payment and presentmen... - 0 views

  • Fawry service can immediately be used by Egyptians to receive and pay their bills electronically among an ever growing list of billers and supporting banks. Consumers can already use Fawry for bill presentment and payment for telecommunications services including Etisalat, Mobinil, and Vodanfone.
  •  
    Fawry inaugurated EBPP, electronic bill payment and presentment in order to satisfy its customers needs. Also, it is experiencing a remarkable increase in the number of users and thanks to that it is bringing Egypt steps forward in the field of e-payment.
mehdibella

South African app SnapScan 'rocks the world' of mobile payments - CNN.com - 0 views

  • If you look at mobile payments specifically, Africa is actually one of the leaders in this space.Kobus Ehlers, SnapScan, co-founderMeanwhile, Africa's smartphone market is expected to double over the following four years -- at the moment, South Africa is reportedly the biggest smartphone market in sub-Saharan Africa, with a 19% penetration.And as smartphones increase, the paying methods are also becoming smarter."If you look at mobile payments specifically, Africa is actually one of the leaders in this space," says Kobus Ehlers, co-founder of the SnapScan app. "SnapScan was developed in South Africa for the African market, so we try to find really local and relevant solutions and I think it's going to get a massive uptake," he adds.
    • samiatazi
       
      I am very proud to hear that the African continent is not only following the mobile payments trend and development, but it is also joining as a leader in the space !
  • John Campbell heads up the Beyond Payments division of Standard Bank, which partners with innovators such as SnapScan to create banking solutions. He says that lack of traditional infrastructure often leads to creative solutions.
    • samiatazi
       
      I totally agree with this statement because the lack of traditional infrastructure not only in this field but also in the others leads to brilliant ideas leading to perfect Businesses and Companies that can make fundamental changes like Snapscan. in fact, Fintechs came up with a huge innovative transformation that made the world even better.
  • Using your phone to pay for goods and services is nothing new in Africa, a continent where there are more than 720 million mobile phones. Services such as M-Pesa, the revolutionary Kenyan mobile payment system that allows people to bypass banks and pay bills, withdraw salaries and transfer cash electronically, have transformed the way people and business operate.
  • ...2 more annotations...
  • Right now, SnapScan is only available at formal merchants but the hope is that the e-currency could flow from the phones of customers to the accounts of informal merchants too. It can even be used to send remittances.
  • "It's way better as opposed to using your credit card or cash," he says, adding that he was surprised to find out that SnapScan was a tech company that started in South Africa.
kenza_abdelhaq

Dominique Collett: Fast-growing fintech sector set for... - 0 views

  • This year we expect to see mass adoption of QR – contactless – and mobile payments. 2021 will see mobile network operators like MTN and Vodacom, which have had many fits and starts in mobile payments, coming back aggressively and this might be the year they can mainstream payments on their platforms by partnering with fintechs. 
    • kenza_abdelhaq
       
      In the current context, QR code payment is increasing rapidly and growth is expected in new payment options like SnapScan.
kenza_abdelhaq

Spot Money taps into multibank contactless payment trend - 0 views

  • The Spot mobile transactional account’s key differentiator is that it has no monthly account or card fees, all in-app purchases and payments are free and it issues virtual and physical Mastercard debit cards. It claims to be the first platform to support all quick response code payment types such as Masterpass, SnapScan,
    • kenza_abdelhaq
       
      The new open bank Spot mobile offers free services and issues virtual and physical carts that support code payment like SnapScan.
sawsanenn

Visa partners with Paga for payments technology | FinTech Alliance - 0 views

  • Paga account holders will now be able to transact on Visa’s global network. Both companies will work together to develop technology and aim to drive larger payments volumes for both companies. The partnership also reflects Visa’s priorities in Africa.
    • ghtazi
       
      with the partnership of VISA and Paga, paga's account holders will be able to make purchases across the worldwide Visa network. Both businesses will join their strengths and work together to improve technologies and strive to maximize payment volumes. The relationship represents the goals of Visa in Africa as well.
  • In Brief: Paga was founded in Lagos and scaled in West Africa. It has a multichannel network for 14mn customers in Nigeria. People can use the tool to transfer money, pay bills and buy things digitally through the mobile app or agents.
    • nouhaila_zaki
       
      This excerpt does a good job in quickly introducing Paga and the partnership with Visa. The most important idea to extract is that thanks to the partnership with Visa, people can transfer money, pay bills and purchase digitally through the mobile app or agents.
  • Paga account holders will now be able to transact on Visa’s global network. Both companies will work together to develop technology and aim to drive larger payments volumes for both companies. The partnership also reflects Visa’s priorities in Africa.
    • sawsanenn
       
      this partnership with visa will allow paga's users to make more transactions and can attract visa's customers to use paga as well
ghtazi

Ethio-Pay Celebrates Official Launch, Finally - 1 views

  • “What makes Ethio Pay profitable is not the number of ATMs; it rather is the large numbers of users. Our concern now is to work on promoting the system for increased customer involvement,” said Bizuneh.
    • kenzabenessalah
       
      The important message to take from this statement is that not all payment services are making profits. The reason is due to the switch operations.
  • After last month’s unofficial launch of Ethio-Pay, customers of other banks complained that the Bank of Abyssinia’s (BoA) ATMs did not provide service for other cards; guards of some branches unaware of the complete switch operation were seen forbidding customers from trying their cards at the ATMs.
  • The switch does not treat banks that have fewer ATMs any differently than those with larger networks in place. In fact, the system enables hosted members, banks without their own payment switches, to issue ATM cards without having to invest in a network of machines. It is also open to the integration of newcomers in the future without additional payments for letting their customers transact on other ATMs, the CEO added.
  • ...4 more annotations...
  • It is all a result of low disclosure on the system start-up. We were among the banks engaged in the pilot phase,” said Yoseph.
  • After last month’s unofficial launch of Ethio-Pay, customers of other banks complained that the Bank of Abyssinia’s (BoA) ATMs did not provide service for other cards; guards of some branches unaware of the complete switch operation were seen forbidding customers from trying their cards at the ATMs. Oddly enough, 16pc of the amount transacted took place through BoA’s Machines.
  • The belated national e-payment switch, Ethio-Pay, serving the integration of Automated Teller Machines (ATMs) and Point of Sale (POS) machines, celebrated its official launch on May 12, 2016.
    • ghtazi
       
      On May 12, 2016, Ethio-Pay, the overdue national e-payment transition for the integration of Automated Teller Machines (ATMs) and Point of Sale (POS) machines, celebrated its official launch.
  • “We have our own regulation to solve possible audit dispute between banks. We also have a system to prove the audit’s accuracy,” said Bizuneh Bekele, CEO of Eth-Switch S.C.
  •  
    Ethiopay is an innovative solution the software installation incorporates to ensure the switch's facilitation of banking accounts, took almost a year before step four, the official opening of Ethio-Pay.
ayoubb

SnapScan Overview - 0 views

  • In order for your patients to make payments using SnapScan they will need to download the free SnapScan App (if they have not already done so).  The SnapScan App is available for iPhone, Android and Blackberry smartphones.  Note that, because the SnapScan user's credit card details are loaded and encrypted onto their phone, it is not necessary for them to actually carry their credit card.  This makes it impossible to lose or skim the credit card, thereby increasing the level of security.
    • kenzabenessalah
       
      SnapScan has made its service available for all types of smartphones, for example, Android, Iphone, etc. This is important to know because sometimes there are features in certain phones that aren't available in others.
  • Once you have registered as a SnapScan merchant you will be given a SnapCode (merchant ID) which is configured in Panacea.  Panacea will then print QR codes at the bottom of your statements.  QR codes are "two-dimensional barcodes" - see image on the right.  These QR codes contain your SnapCode (merchant ID), a unique tracking reference number as well as the amount payable.  The patient simply scans the QR code using their SnapScan App, then enters their secret PIN code and that's it!  Click here  for a detailed description of how your patient's would make a payment.
    • kenza_abdelhaq
       
      SnapScan works using QR codes that contain the merchant ID, unique tracking reference number, and the amount payable. Once the code scanned, the customer still has to enter their secret PIN code.
  • It is possible for your patients to effect payment using QR codes that were not generated by Panacea.  For example, when you register as a merchant they will send you a "generic" QR code that contains your SnapCode (merchant ID) but does not contain any tracking info or a payment amount.  If one of these "generic" QR codes is used Panacea will not be able to generate the payment and allocations automatically, but you will be notified of the payment via Panacea in the normal way .
    • ayoubb
       
      Snapscan
ayoubb

Smartel Money goes live - Lesotho Times - 0 views

  • Smartel Money or My Wallet TM   are financial technology products by Smartel Money Ltd. The company is a payments service provider allowing payments and money transfers to be made through the modern information technology platforms including the mobile and non-mobile platforms. Mobile Money or electronic money is defined by the Mobile Money Guidelines issued in 2013 by the Central Bank of Lesotho (CBL) as a payment instrument that contains monetary value that is paid in advance by the user to the mobile money issuer. The user of mobile money can make payments for goods and services to agents who accept the mobile money as payment.
    • hibaerrai
       
      Smartel Money is an e-payment platform that targets individuals, retail banking, insurance agents and retail services in general.
  • Smartel Money goes live - Lesotho Times
    • ayoubb
       
      Smartel Money LTD
nouhaila_zaki

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

  • The Chinese platforms were not the only payment innovation using mobile phones at the time. Safaricom, a mobile phone operator, launched its M-Pesa payment system in Kenya in 2007, allowing people to load cash on e-wallets and send it by text. M-Pesa is now in seven countries and has its own QR-based smartphone app.
    • nouhaila_zaki
       
      This excerpt is important because it brings to the fore a very interesting functionality of M-Pesa, in addition to the number of countries that use M-Pesa regularly.
  •  
    "The Chinese platforms were not the only payment innovation using mobile phones at the time. Safaricom, a mobile phone operator, launched its M-Pesa payment system in Kenya in 2007, allowing people to load cash on e-wallets and send it by text. M-Pesa is now in seven countries and has its own QR-based smartphone app."
mehdibella

M-Pesa - 0 views

  • M-Pesa is Africa's most successful mobile money service and the region’s largest fintech platform. M-Pesa is the preferred way to make payments across the continent both for the banked and unbanked due to its safety and unmatched convenience.
  • It also provides financial services to millions of people who have mobile phones, but do not have bank accounts, or only have limited access to banking services. Now, M-Pesa provides over 42 million people with a safe, secure and affordable way to send and receive money, top-up airtime, make bill payments, receive salaries, get short-term loans and much more.
    • kenzabenessalah
       
      Even if people do not have bank accounts, they can still use M-PESA because it allows them to have access to financial services through their mobile phones.
  • In early 2020, Vodacom & Safaricom completed the acquisition of the M-Pesa brand from Vodafone Group through a newly created joint venture. The joint venture will accelerate the growth of M-Pesa through Africa by giving both Vodacom and Safaricom full control of the M-Pesa brand, product development and support services as well as the opportunity to expand M-Pesa into new African markets
    • ghtazi
       
      after that Vodacom & Safaricom acquired M-Pesa brand from the Vodafone group, they created a new joint venture that will help M-pesa to grow across Africa, which I believe is a big opportunity for the group
  • ...9 more annotations...
  • M-Pesa is Africa's most successful mobile money service and the region’s largest fintech platform. M-Pesa is the preferred way to make payments across the continent both for the banked and unbanked due to its safety and unmatched convenience.
    • kaoutarchennoufi
       
      Thanks to its large Fintech platform, M-Pesa has managed to target both banked and unbanked people. Also, what distinguishes it, is that it does not require people to have a bank account in order to have access to its financial services, they only need to have a mobile phone.
  • In 2019, our 41.5 million active customers carried out over 12 billion transactions
    • nourserghini
       
      This article states that M-pesa is the continent's leader in mobile money services with over 41,5 million customers from all over the continent.
  • M-Pesa is Africa's most successful mobile money service and the region’s largest fintech platform. M-Pesa is the preferred way to make payments across the continent both for the banked and unbanked due to its safety and unmatched convenience.
    • sawsanenn
       
      This excerpt is important because it defines M-Pesa as Fintech Platform, their services, and their customer target
  • Send and receive moneyDomestic transfers: M-Pesa customers can send money in real time to any other M-Pesa customer with an account registered in the same country. In most markets customers can now send money to mobile money users on other networks as well.International transfers: Through our international remittance partners, M-Pesa customers can receive and send money across borders in real time.
    • nouhaila_zaki
       
      This excerpt describes the core services provided by M-Pesa, namely domestic transfers and international transfers.
  • LoansM-Pesa customers build a credit score that enables them to access loans via our bank partners. Products include M-Shwari and KCB M-Pesa in Kenya and M-Pawa in Tanzania. We work hard to ensure customers not only have access to credit but are also educated so they understand the implications of a loan.
    • nouhaila_zaki
       
      This particular excerpt explains how M-Pesa provides underbanked/unbanked customers with access to loans that would change their lives and ameliorate their condition.
    • nouhaila_zaki
       
      This page is important because it enumerates all of the different product and service offerings provided by M-Pesa, which is important to know in order to acquire a comprehensive knowledge and understanding of the company's actions.
  • What is M-Pesa?
  • M-Pesa is Africa's most successful mobile money service and the region’s largest fintech platform. M-Pesa is the preferred way to make payments across the continent both for the banked and unbanked due to its safety and unmatched convenience.  It also provides financial services to millions of people who have mobile phones, but do not have bank accounts, or only have limited access to banking services.
  • Established on 6th March 2007 by Vodafone's Kenyan associate, Safaricom, M-Pesa is Africa's leading mobile money service with more than 430,000 active agents operating across the Democratic Republic of Congo (DRC), Egypt, Ghana, Kenya, Lesotho, Mozambique and Tanzania.
  •  
    This service permits clients to store cash into an account put away on their cell phone, and send it utilizing an individual recognizable proof number and secure SMS. This makes it conceivable to pay for products and services and to guarantee standard payments.
mehdibella

AliExpress Kenya Online Shopping Payment through M-PESA - Safaricom - 0 views

  • Safaricom PLC and Ant Financial Services – the world’s largest fintech services provider – have announced a partnership that will allow Kenyans shopping on AliExpress to pay for their purchases using M-PESA.
  • Safaricom PLC and Ant Financial Services – the world’s largest fintech services provider – have announced a partnership that will allow Kenyans shopping on AliExpress to pay for their purchases using M-PESA.
    • kaoutarchennoufi
       
      Thanks to M-Pesa, online shopping is now available in Kenya. Safaricom PLC has signed up a partnership with Ant Financial Services in order to allow Kenyans to make online purchases on Aliexpress platform. It has also facilitated the purchase process by allowing its customers to use their post office box numbers as the delivery location for their items. This act will spread the culture of online shopping and thus online payment in Kenya.
  • Kenyans shopping on Aliexpress.com will be presented with M-PESA as one of the payment options when checking out their shopping cart on the website. Once customers select M-PESA, they will then key in their mobile phone numbers and will subsequently receive a prompt on their phones to type their M-PESA PIN to complete the payment.
    • ghtazi
       
      M-Pesa will now be present on Aliexpress.com too, in order to facilitate the shopping of Kenyans users.
  • ...4 more annotations...
  • Safaricom PLC and Ant Financial Services – the world’s largest fintech services provider – have announced a partnership that will allow Kenyans shopping on AliExpress to pay for their purchases using M-PESA.
    • sawsanenn
       
      This is a big intiative for M-Pesa to gain more customers and gain more revenues
  • AliExpress M-PESA
  • The move especially targets micro-traders in the country who source for goods and other supplies from manufacturers in China, and signifies Safaricom’s continued push to position M-PESA as a truly global mobile money transfer and payments platform.
  • AliExpress customers selecting M-PESA as a payment channel will have their total cost displayed in Kenya Shillings with standard Lipa Na M-PESA Paybill charges applicable for each transaction. As has been the case, shoppers will also have the option of using their post office box numbers as the delivery location for their items.
  •  
    M-pesa did a partnership with AliExpress so that now it also targets users of Aliexpress. This will make M-pesa widen the range of customers it targets as well as it will position it as an international company.
mehdi-ezzaoui

SIMBA Payment App Launches Using Stellar Network - 1 views

  • SIMBA Pay is open source and designed for developers who wish to integrate blockchain-based payment systems. SIMBA Pay offers built-in support for a wide array of third-party technologies and services, including CoinBase and cold wallets. The ease-of-use for developers will accelerate the growth of the cryptocurrency industry and make integrations with traditional financial systems easier down the road. “We believe our technology stack provides a unique advantage for developers,” said Joel Neidig, CEO of SIMBA Chain. “SIMBA’s world-class developer tools have already made cloud-based dapps easier to create than ever and provide transparency and verification for complex digital workflows. It’s never been easier to jump into this exciting space, no matter where you are in your developer journey.” “We are excited to see SIMBA Chain, a Stellar Service Provider, launch their open source payment application to foster greater adoption of Stellar and end-user accessibility through lower fees as compared with traditional payment solutions,” said Boris Reznikov, Director of Business Development at the Stellar Development Foundation.
  •  
    Simba pay app launches a new service using stellar network
kenzabenessalah

Cassava Fintech International Launches Africa's first integrated Social Payments platfo... - 0 views

  • It combines instant messaging, social media and mobile payments into one App which will be available for download on Google Play and iOS app stores from 1 August 2019. A similar social payments platform model is already active in Asia, where payment apps are bundled with e-commerce, chat and ride-hailing services offered by firms such as Alibaba and Tencent in China. Imagine a WeChat of Africa!
    • kenzabenessalah
       
      Instead of having an application for every service, Cassava has one application that contain messaging, payments, and social media. This is more efficient.
kenza_abdelhaq

Two African startups where inclusive fintech comes with a human touch | Accion - 0 views

  • In South Africa, mobile money systems are much less available than they are in Kenya, so they are not a good option for Lumkani clients to use to manage policy payments and payouts. Additionally, people in the informal settlements where Lumkani provides its services tend to be limited in both financial literacy and experience with technology, so they need information on what the insurance product is and how it works. So Lumkani relies on agents — many of whom live in the same settlements — to do face-to-face sales pitches and enrollments. The agents, however, carry smartphones with an app for setting up the new accounts. Agents also collect cash payments in person but send SMS reminders to keep clients up to date.
    • kenza_abdelhaq
       
      Lumkani adapts to local communities that are generally with limited literacy and experience with technology by relying on agents to do face-to-face pitches and assist in the installation and activation of the device.
  •  
    "In South Africa, mobile money systems are much less available than they are in Kenya, so they are not a good option for Lumkani clients to use to manage policy payments and payouts. Additionally, people in the informal settlements where Lumkani provides its services tend to be limited in both financial literacy and experience with technology, so they need information on what the insurance product is and how it works. So Lumkani relies on agents - many of whom live in the same settlements - to do face-to-face sales pitches and enrollments. The agents, however, carry smartphones with an app for setting up the new accounts. Agents also collect cash payments in person but send SMS reminders to keep clients up to date."
hibaerrai

Fawry draws a line for Egypt's unbanked | Financial Times - 0 views

  • To minimise risk, shops where the services are available buy credit in advance from Fawry before they collect any money from the public, earning a cut from the fees.
  • “Acceptance is critical to us and we have been keen to develop solutions to expand the acceptance footprint,” he says. “The alliance with Fawry helps this by adding segments that were not accessible before. It is a typical fit with our strategy for penetrating the unbanked segment.”
    • ayachehbouni
       
      For those who do not know how to use technology or never visited banks, which represent the majority of the population, Fawry offers bill payment at the corner store. Fawry's services are available at 16,000 retailers and 1,300 post offices. This kind of services is the main reason behind the sudden development of the country's economy as financial services were available to more people, and more importantly to unbanked and underbanked.
  • For the majority of the population, who have never touched a keyboard or stepped through the doors of a bank, Fawry offers bill payment at the corner store. It has a growing network of collection points at small grocers, stationers and chemists, which are equipped with point-of-sale machines – the same ones used for credit card payments. Fawry’s services are available at 16,000 retailers and 1,300 post offices, advertised by its bright blue and yellow logo.
    • nouhaila_zaki
       
      This excerpt is important because it describes the scope of the current network that Fawry enjoys in Egypt, something that can be useful for developing strategies for growth.
  • ...2 more annotations...
  • It has teamed up with MasterCard to launch an online payments portal, and 12 banks (representing 80 per cent of Egypt’s banking capacity) offer its services through their ATMs, over the counter, or on their websites.
    • nouhaila_zaki
       
      Here the excerpt is important because it introduces a key partnership underwent by Fawry, namely the one with Mastercard; in addition to what this partnership entails for Fawry's operations (positive impact since Fawry could launch an online payments portal + offering of Fawry services by several banks).
  • “The problem in Egypt is that companies which have bank accounts sell services to people with no bank accounts,” says Ashraf Sabry, chief executive and a founder of Fawry. Among its owners are the technology development fund; a public-private partnership, Raya; a local technology company; and a group of banks including HSBC. “You could say the sellers are at the top of a pyramid and the buyers at the bottom. We connect them.”
    • hibaerrai
       
      Unbanked individuals rights in Egypt are ignored. Fawry's goal was to give them the opportunity to financial services as well, and increase the country's financial inclusion.
  •  
    This is a smart move because minimising the risk in this kind of operations is very important.
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