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sawsanenn

SimbaPay | F6S - 0 views

  • Customers can also use our bill settlement technology to pay merchants in Africa such as universities, mortgage providers, hospitals, utility companies etc. Payments are instant and we cut out the 'middle-man' thus reducing transaction costs for the customer.
  • Customers can also use our bill settlement technology to pay merchants in Africa such as universities, mortgage providers, hospitals, utility companies etc. Payments are instant and we cut out the 'middle-man' thus reducing transaction costs for the customer.
    • ghtazi
       
      Simbapay permits its users to use their technology to pay merchants in Africa and promises an instant payment, and reduce the transaction costs.
    • nouhaila_zaki
       
      The excerpt is important because it provides us with an overview oof product/service offerings from SimbaPay. The main objective of SimbaPay seems to be cutting out the middle man, and reducing the transaction costs that customers used to pay for before.
  • We offer additional services to Diaspora such as opening bank accounts back home using our app. This initiative won us the Demo Africa 2015 award and has seen strong interest thus far. We are also working on offering other Diaspora services such as insurance for relatives back home and P2P lending from Diaspora to borrowers back in Africa.
    • nouhaila_zaki
       
      This excerpt is important because it complements the previous paragraph, as it introduces another set of services offered by SimbaPay. These services targetted towards the Diaspora are core to what SimbaPay proposes to customers.
  • ...1 more annotation...
  • We let customers send money to family and friends in Africa in a fast, convenient and cheap way. Users in the UK & Europe can use our app to have money delivered instantly to mobile wallets or bank accounts of their loved ones in Africa.
    • sawsanenn
       
      It is a good and trustworthy way to send money to Africa. the fact that they make the transaction cheap can give simbapay a competitive advantage
nouhaila_zaki

SimbaPay Mobile international payments | Stanbic Bank Kenya - 0 views

  • Stanbic Bank and SimbaPay have partnered to offer you a solution that allows you to make international payments via M-Pesa’s Paybill
    • nouhaila_zaki
       
      This excerpt is important because it does not only introduce the partnership between Stanbic Bank and SimbaPay, but also how this collaboration allows customers to make international payments through M-Pesa's Paybill (M-Pesa being another partner of theirs).
sawsanenn

Paga: Send and Receive Money - 0 views

  • Paga is a mobile payment company. We are building an ecosystem to enable people to digitally send and receive money, and creating simple financial access for everyone.
    • sawsanenn
       
      These types of digital financial services offered to the mass market and increasing the usage of mobile money can play a strong role in promoting inclusive growth.
  • Banked or unbanked, online or offline Paga offers you a central place for simple money transfers.
    • ghtazi
       
      Like simbapay, Paga's target customers are the ones that have a Smartphone. it does not matter if they are banked or not.
    • nouhaila_zaki
       
      This excerpt is important because it reflects what Paga proposes for individuals (banked or unbanked) very briefly.
  • Paga for Agents Earn a commission for every transaction you perform for your customers. Paga for Business Accept payments or disburse money to banked or unbanked customers in Nigeria
    • nouhaila_zaki
       
      This excerpt is important because it provides a concise introduction of what Paga offers for Agents (a commission on every transaction) and for Businesses (receive or make payments to banked or unbanked customers) in Nigeria.
  • ...2 more annotations...
  • We ensure that your money is safe by complying with the highest global security standards.
    • nouhaila_zaki
       
      This excerpt is very important because it claims that Paga is compliant with the highest global security standards. It is very good to know that because cyber security is a core concern for all companies offering digital services.
  • Enjoy a smooth and stress-free money transfer experience across all your devices.
    • sawsanenn
       
      paga offers a free and easy money transfer that make transactions go smoothly without any technical issues
ghtazi

Ethiopia: Ethio Pay to Push Visa Cards Out | MFW4A - Making Finance Work for Africa - 2 views

  • The utilisation of Ethio Pay branded electronic cards will harness the hard currency payment to foreign companies, according to the company's management.
    • kenzabenessalah
       
      This excerpt is important because EthioPay cards are being implemented more and more in commercial banks and are controlling the different payments to foreigners.
  • Currently, over six million people are using ATM Visa cards. Founded in 2011, with a capital of 80 million Br, Eth-Switch facilitated transactions worth 2.9 billion Br in the past fiscal year.
  • The utilisation of Ethio Pay branded electronic cards will harness the hard currency payment to foreign companies, according to the company's management.
    • sawsanenn
       
      this article shows that ethiopay is taking control not only of inter-banks and companies but foreign ones too.
  • ...2 more annotations...
  • Eth Switch, established by the 17 commercial banks to integrate Automated Teller Machines (ATMs) and Point of Sale (PoS), has already implemented Ethio Pay cards in five commercial banks so far, whereas the remaining are still use visa cards. Until now, the banks have been paying a lot of money for using the trademark of the VISA cards.
    • nouhaila_zaki
       
      This excerpt is important because it explains how 17 commercial banks decided to integrate Ethiopay electronic cards in all the banks of the country, at the expense of VISA cards which have been dominating the market thus far.
  • Eth Switch S.C, the consortium of private banks, is to implement electronic cards belonging to the same brand- Ethio Pay, in all the banks of the country. Eth Switch, established by the 17 commercial banks to integrate Automated Teller Machines (ATMs) and Point of Sale (PoS), has already implemented Ethio Pay cards in five commercial banks so far, whereas the remaining are still use visa cards. Until now, the banks have been paying a lot of money for using the trademark of the VISA cards. The utilisation of Ethio Pay branded electronic cards will harness the hard currency payment to foreign companies, according to the company's management. Currently, over six million people are using ATM Visa cards. Founded in 2011, with a capital of 80 million Br, Eth-Switch facilitated transactions worth 2.9 billion Br in the past fiscal year. Source: All Africa
    • ghtazi
       
      this is important because it shows us that there are 5 commercial banks that have implemented Ethiopay cards so far.
  •  
    Using Ethio Pay branded electronic wallets, according to management, the business can use hard currency transfers to international companies and could push VISA out
kenza_abdelhaq

EthioPay Mojaloop Case Study - DFS Lab - 1 views

  • EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch.
    • tahaemsd
       
      This is probably an efficient and scalable way to easily interconnect the different services in the ethiopian banking sector
  • They conducted a technical evaluation of the Mojaloop platform. While Mojaloop seemed to provide the required functionality, for a live deployment it lacked definition around auxiliary requirements to move into production.
  • EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch.
    • sawsanenn
       
      this excerpt is important because nowadays the development of companies for consumer products allows the huge opportunity for the expansion of electronic payments because it is assumed that consumers of electronic payments are indeed end-users and also that the majority of payouts are Customers to Business. Expanding enterprises also provide opportunities for big potential Business to Business payments.
  • ...2 more annotations...
  • What they want EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch. What they built They conducted a technical evaluation of the Mojaloop platform. While Mojaloop seemed to provide the required functionality, for a live deployment it lacked definition around auxiliary requirements to move into production. How Mojaloop helps With over 40 million phone subscribers and most banks having their own mobile banking system in Ethiopia, there is no mobile based inter-bank fund transfer. Mojaloop is potentially an efficient and scalable way to easily interconnect these disparate services.
    • ghtazi
       
      in this excerpt, we can see that Ethiopay wants to add value to the baking sector by adding new products and services. they also do a technical evaluation of the Mojaloop platform, which is the one that provides the required functionalities to the production. Last but not least it shows us that There is no mobile-based inter-bank fund transfer for 40 million telephone subscribers and most banks in Ethiopia have their own mobile banking system.
  • EthioPay (ETS) is owned by a consortium of Ethiopian banks and operates a central switching platform for ATMs throughout the country.
    • kenza_abdelhaq
       
      Ethiopay wanted to expand its services by implementing the platform Mojaloop which will interconnect disparate services.
sawsanenn

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

  • he other presenter was Mr. Bizuneh Bekele, CEO of EthSitch Share Company introduced EthioPay under a title, “EthioPay – the uplifting e-payment platform for Ethiopia”.
  • he other presenter was Mr. Bizuneh Bekele, CEO of EthSitch Share Company introduced EthioPay under a title, “EthioPay – the uplifting e-payment platform for Ethiopia”.
    • sawsanenn
       
      Ethio-pay was introduced as the best e-payment platform and the best solution for all the disputes arising around ATMs. Plus a quick way to pay since the normal paper-based is time-consuming.
hibaerrai

My Wallet Lesotho 1.2.3 Apk Download - com.smartelmoney.my_wallet APK free - 0 views

  • MyWallet is a financial technology (fintech) product that allows for payments and money transfers to be made through modern information technology platforms such as mobile phones.Mobile money or electronic money is defined by the Mobile Money Guidelines issued by the CBL as payment instruments that contain monetary value that is paid in advance by the user to the money issuer.
    • hibaerrai
       
      Smartel Money e-payments application is Mywallet. It can be downloaded on any smartphone, and money transfer is quick and easy.
kenza_abdelhaq

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

  • EthSwitch S.C (the national payment switch of Ethiopia ) was established as a share company owned by all banks operating in Ethiopia and the National Bank of Ethiopia (the Central Bank).
    • kenza_abdelhaq
       
      EthSwtich is the national payment switch of Ethiopia owned by the national bank alongside all banks in the country.
aymanelmamoun

Central Bank authorises increase of daily mobile money limit - The Reporter Lesotho | F... - 0 views

  • The Central Bank of Lesotho has authorised mobile money issuers to increase the daily limit of transactions for duly identified and verified mobile money customers. The Bank came about this decision of authorisation in order to facilitate a wider use of electronic payments for goods and services by the public during the Covid-19 pandemic.
    • hibaerrai
       
      This regulation is in favor of Smartel Money fintech as it supports its business and increases the limit of the money transferred on the platform.
  • The Central Bank of Lesotho has authorised mobile money issuers to increase the daily limit of transactions for duly identified and verified mobile money customers. The Bank came about this decision of authorisation in order to facilitate a wider use of electronic payments for goods and services by the public during the Covid-19 pandemic.
    • aymanelmamoun
       
      The mobile payment application helped solving many cash problems during the Covid-19 Pandemic. It also facilitated a wider use of electronic payment for goods and services by customers without going out of home.
ghtazi

Setting Up or Registering a FinTech Company in Ghana - CQ Legal - 1 views

  • the regulator of FinTech in Ghana is the Bank of Ghana. The Act states that the Bank of Ghana shall have overall supervisory and regulatory authority in all matters relating to payment, clearing and settlement systems.
    • sawsanenn
       
      I think it is a good idea to avoid any complexity or fraud.
  • According to Section 3 of the Payment and Services Act, 2019 (Act 987), the regulator of FinTech in Ghana is the Bank of Ghana. The Act states that the Bank of Ghana shall have overall supervisory and regulatory authority in all matters relating to payment, clearing and settlement systems. As a result of the emergence of FinTech solutions, a lot of complexities have been introduced requiring the Bank of Ghana’s focus to understand and supervise FinTech activities effectively.
    • ghtazi
       
      This excerpt shows that fintech would be a great idea for the Ghanaian banking sector.
  • Purposeful effort will be required from regulators to shape the future of FinTech and push it in a productive direction in Ghana. It is hopeful that with the introduction of the FinTech and Innovation Office of the Bank of Ghana, there would be regular updates to the licensing requirements of FinTech companies that would ensure adequate compliance with international best practice and also encourage more entrepreneurs to set up FinTech companies in Ghana.
    • ghtazi
       
      finteches are important
mohammed_ab

Ghana: Payment Systems and Services Act to Boost Digitisation Processes --Governor, BoG... - 0 views

  • The Payment Systems and Services Act would help create an enabling environment for the on-going digitisation processes in the economy, Dr Ernest Addison, the Governor of the Bank of Ghana has said.
  • The Act, passed in March this year and assented to in May, is part of a broader strategy by the Bank of Ghana to create an enabling regulatory environment for convenient, efficient and safe retail payments and funds transfer mechanisms.
  •  
    This new act is going to impact MTN-Ghana position in the market as new market participants will find a lenient political and regulatory environment and will decide to enter the Ghanian's market.
nouhaila_zaki

How TPAY MOBILE is supporting inclusion across the Middle East and Africa - TPAY MOBILE - 4 views

  • And today our technology does just that, by allowing merchants and operators to accept mobile payments from consumers without the need for a traditional bank account.
    • nouhaila_zaki
       
      This reflects how the company targets underbanked groups, and how it achieves financial inclusion.
  • Coupled with the differing financial, legal, and operational processes across the MEA region is limited access to traditional banking infrastructure, with 63% (circa 1 billion) of the adult population unbanked. While this is a common trait in emerging markets, it does mean that traditional transactions based on credit and debit cards are not a realistic prospect for many consumers. However, with smartphone penetration growing apace, and with it the ability and desire to purchase goods and services through digital channels, there is an increasing need for alternative payment methods to support access and consumption.
    • nouhaila_zaki
       
      Here the article explains why there is a need for TPAY Mobile products: 1- Largely unbanked population = traditional transactions based on debit and credit cards are not realistic. 2- Smartphone penetration + ability & desire to purchase digitally = need for alternative payment methods.
  • And our team’s inclusion efforts don’t stop there. TPAY MOBILE employees have been volunteering and hosting financial literacy workshops with INJAZ Egypt, a non-profit organization empowering young people to own their economic success through partnering with businesses and educational institutions across the country.
    • nouhaila_zaki
       
      Social work for financial inclusion appears to be a priority for the company. Collaboration with an NGO in Egypt reflects that.
  •  
    Very interesting company! Even though it is an Algerian company, its scope goes beyond the African borders to include the whole MEA region!
mohammed_ab

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

  • Bisharo’s story is one of the many urban merchants who have discovered the power of digital payments for their businesses. Over the past few years, technology providers such as BelCash with their HelloCash mobile money, product working closely with the Somali Microfinance Institution, have made significant progress in helping merchants like Bisharo realize the benefits of digitizing payments.
  •  
    This article shows how mobile money has enabled a small shop owner in Addis Ababa, Ethiopia, has been able to generate more revenue just by letting its customers pay with mobile money. It also demonstrates the convenience that mobile payments have on its users especially for sellers. I really liked the story of Bisharo, the owner of that small shop, whose life has changed because of a fintech solution.
mohammed_ab

How M-Pesa changed banking in Africa - CNN - 0 views

  • The service will face stronger competition in the coming years. The Kenya Bankers Association -- representing 46 banks -- is introducing its own mobile payment platform that will allow convenient transfers between accounts at different banks, and the group hopes this will eat into M-Pesa's market share.
    • tahaemsd
       
      the next decade will bring new challenges for the mobile payment system
  • The system was launched by Vodafone's Safaricom mobile operator in 2007 as a simple method of texting small payments between users. Today there are 30 million users in 10 countries and a range of services including international transfers, loans, and health provision. The system processed around 6 billion transactions in 2016 at a peak rate of 529 per second.
  •  
    This article explains how M-Pesa, a small mobile money transfer using SMS has grown over the past 10 years, which enable the company to reach a level of success that was unpredictable. Today, the company has expanded its service & product offerings making the volume of transactions reaching a level of 529 per second. I think that this service could expand to all African countries, Morocco included, and it could have some great benefits to unbanked people in Morocco.
tahaemsd

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

  • 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
       
      Smartel Money provides the above via the My Wallet (TM) service
mehdi-ezzaoui

Ethio-Pay Celeb - 0 views

Ethio-Pay Celebrates Official Launch, Finally   Consumer pressure urged the last bank to join the integration line   The belated national e-payment switch, Ethio-Pay, serving the integr...

Ethippay

started by mehdi-ezzaoui on 12 Feb 21 no follow-up yet
kenza_abdelhaq

Egyptian fintech in 2021: The journey ahead [Part Two] - Wamda - 0 views

  • We are at a stage where it is no longer optional for banks to go all in on digital. Banks that want to lead the market will have to do a lot more than just embracing digital. A few days before 2020 ended, NBE announced the acquisition of a 24 per cent stake in Aman, similarly, Fawry and Banque du Caire have set up a joint remittance service while Banque Misr has partnered with digital payments app, Masary.
    • kenza_abdelhaq
       
      Fawry and Banque du Caire partnered up to introduce a joint remittance service as part of expansion and diversification.
  • We have already seen a heightened level of activity in the first few days of the new year. Fawry’s microfinance subsidiary raised EGP310 million in debt to fuel expansion.
    • kenza_abdelhaq
       
      Fawry raising a capital of EGP310 million to invest in expansion.
  •  
    "We are at a stage where it is no longer optional for banks to go all in on digital. Banks that want to lead the market will have to do a lot more than just embracing digital. A few days before 2020 ended, NBE announced the acquisition of a 24 per cent stake in Aman, similarly, Fawry and Banque du Caire have set up a joint remittance service while Banque Misr has partnered with digital payments app, Masary."
kenzabenessalah

Fawry Services - Digital Services - Retail |ALEXBANK - 0 views

  • Fawry platform allows you to access a long list of payments opportunities in a very easy, transparent and efficient way
    • kenzabenessalah
       
      The important aspect about Fawry is its efficiency and transparency.
nouhaila_zaki

Egypt: Fawry expected to join FTSE, MSCI Indices in 2021 | african markets - 0 views

  • Fawry for Banking and Payment Technology Services (FWRY) is forecast to join the FTSE and MSCI emerging markets indices in September 2021, according to a research by Arqaam Capital. The company meets the liquidity requirements, which ensures inclusion in the FTSE EM All Cap Index’s next rebalancing on 21 September, with a weight of 0.0082%. In January, Fawry’s board of directors approved to subscribe to the capital increase of Fawry Plus, as the company will be allowed to subscribe up to EGP 35 million. During the first nine months of 2020, Fawry achieved a consolidated net profit before minority interest of EGP 119.2 million.
    • nouhaila_zaki
       
      This excerpt is important because it reflects Fawry's position in the stock market and how its liquidity allows it to perhaps be included in the FTSE EM All Cap Index's nxt rebalancing. Moreover, the article introduces the consolidated net profit secured by Fawry in the first nine months of 2020, which amounts to EGP 119.2 million.
  •  
    "Fawry for Banking and Payment Technology Services (FWRY) is forecast to join the FTSE and MSCI emerging markets indices in September 2021, according to a research by Arqaam Capital.   The company meets the liquidity requirements, which ensures inclusion in the FTSE EM All Cap Index's next rebalancing on 21 September, with a weight of 0.0082%. In January, Fawry's board of directors approved to subscribe to the capital increase of Fawry Plus, as the company will be allowed to subscribe up to EGP 35 million.   During the first nine months of 2020, Fawry achieved a consolidated net profit before minority interest of EGP 119.2 million. "
samielbaqqali

equinx-Digital-Payments-Whitepaper_FINAL-15Nov2018.pdf - 0 views

shared by samielbaqqali on 13 Feb 21 - No Cached
  • As electronic payments have moved to the forefront, the traditional market participants, banks, have also been facing increased competition from innovative financial technology firms (FinTechs) focusing on niches within the payments value chain. Such firms have been enabled by advances in technology, including the ability to develop their systems in the cloud and with a green field that is not tied to a mainframe and old code.
    • samielbaqqali
       
      As there's strong competition from banks, Fawry should always work on its improvment in order not to lose customers.
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