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hindelquarrouti

Proceedings_ICT-2017.pdf - 0 views

d1wqtxts1xzle7.cloudfront.net/...Proceedings_ICT-2017.pdf

fawry fintech bills advantages

shared by hindelquarrouti on 13 Feb 21 - No Cached
  • hindelquarrouti on 13 Feb 21
     
    Besides the infinite benefits of online payment services, Fawry encourages people in using it even more by providing them with discounts and a year free cash services from NBE. Thus, promoting financial inclusion.
hindelquarrouti

Good practice - M-PESA International Money Transfer Service, Safaricom - 0 views

www.ilo.org/...lang%3Den%26p_practice_id%3D70

M-peas International money transfer

shared by hindelquarrouti on 12 Feb 21 - No Cached
  • M-PESA's International Money Transfer (IMT) service allows anyone wishing to send money to Kenya to visit one of several Safaricom IMT partners (such as Post Finance, World Remit, and Western Union) and send money to an M-PESA mobile phone in Kenya. Money transfers are received almost instantly, and at no expense to the recipient.
  • M-PESA is the result of a partnership between Vodafone and Safaricom, a Kenyan mobile network operator. M-PESA's International Money Transfer (IMT) service allows anyone wishing to send money to Kenya to visit one of several Safaricom IMT partners (such as Post Finance, World Remit, and Western Union) and send money to an M-PESA mobile phone in Kenya.
  • chaimaa-rachid on 12 Feb 21
     
    M-Pesa is designed for everyone but it is explicitly intended for customers who do not have access to banks or because they don't have a bank account or in light of the fact that they live excessively far away from a bank office.
  • hindelquarrouti on 13 Feb 21
     
    M-pesa, that promoted financial inclusion in Kenya, was originally created from a partnership between Vodafone and Safaricom. It has enabled Kenyans to send money and make online payments. Also, it has made sure that the transfers were made instantly and no expenses were made for the receiving party.
hindelquarrouti

Kenyan Mobile Money Competitors Take on Safaricom | TechCabal - 0 views

techcabal.com/...obile-money-dominance-in-kenya

Mpesa Services Loans Fintech

shared by hindelquarrouti on 13 Feb 21 - No Cached
  • In Kenya, mobile money is almost synonymous with Safaricom’s M-Pesa.
  • When Kenya’s leading telco Safaricom introduced M-Pesa in 2007, it started out as a simple transfer service that allowed users to send and receive money with their mobile phones. Safaricom has since rolled out other M-Pesa services like loans and payments.
  • hindelquarrouti on 13 Feb 21
     
    I am impressed by how M-pesa, that started in 2007 as a simple transfer service, now become synonym with "mobile money" in Kenya. This company has also recently introduced a new product called Fuliza in 2019. This later allows user to pay even when they don't have money in their M-pesa account.
hindelquarrouti

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

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

M-pesa Africa Financial Inclusion

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

M-PESA: Progress and Prospects - 0 views

41.204.161.209/47813

M-pesa mobile payment success

shared by hindelquarrouti on 13 Feb 21 - No Cached
  • This is a good example of a service whose time had come and whose implementation occurred in the right context.
  • hindelquarrouti on 13 Feb 21
     
    The features of the local mobile telephony and banking sectors contributed greatly to the effectiveness and success of M-pesa. A combination of unbanked people with access to mobile technology.
hibaerrai

ESA - ESA satellites help Kenyan farmers access loans - 0 views

www.esa.int/...lp_Kenyan_farmers_access_loans

FarmDrive Agritech Kenya E-payments Data

shared by hibaerrai on 13 Feb 21 - No Cached
  • Two thirds of the African population work in agriculture, yet just 1% of commercial loans go to the sector, and very few of these are allocated to smallholder farmers. Kenyan company FarmDrive is using data from ESA's Food Security Thematic Exploitation Platform (TEP) to help smallholder farmers access the funds they need.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      FarmDrive big data is generated using developed platforms that support sustainable agriculture. The whole system is well supervised, and all the decisioning tools employed support the community, and that will definitely increase its customer base in the next years.
tahaemsd

Hello Paisa steps into Conversational Commerce [Customer Story] - 0 views

www.cm.com/...hello-paisa

Fintech Africa Payments modernization Service

shared by tahaemsd on 13 Feb 21 - No Cached
  • Hello Paisa is upping the ante on conversational commerce by enabling consumers to use WhatsApp as a simple means to send money abroad as conveniently as texting a friend. 
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      one creative way to meet customers needs quickly and conveniently
tahaemsd

Sasfin, Hello Paisa Team For South African Bank | PYMNTS.com - 0 views

www.pymnts.com/...hello-paisa-south-african-bank

Fintech Africa Payments modernization Service

shared by tahaemsd on 13 Feb 21 - No Cached
  • Two South African FinTech companies, Sasfin, a banking group, and Hello Paisa, a money transfer startup, are teaming up to start a bank with a goal of bringing thousands of South Africans who lack bank accounts into the country’s financial system, according to reports.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      This initiative by hellopaisa is an ideal way to offer banking to people who are underserved
tahaemsd

HomeSend launches remittance service with Hello Paisa in South Africa - 0 views

newsroom.mastercard.com/...th-hello-paisa-in-south-africa

Fintech Africa Payments modernization Service

shared by tahaemsd on 13 Feb 21 - No Cached
  • About Hello Paisa Since being licensed by the South African Bank, Hello Paisa has successfully launched the remittance offering to migrants living and working in South Africa. Hello Paisa offers a convenient, secure and affordable means for migrants to send cash home. With Hello Paisa we have taken the world’s most expensive remittance corridor and turned it on its head, by lobbying legislation and most importantly leveraging technology to drive down the cost of remitting funds and making it accessible to all, by taking into account the constraints that exist in our target market, with Hello Paisa you can transact via our Android App, our call centre but most importantly we have built a USSD dial string which is FREE  for the customer to dial and transact overcoming  the access barrier that existed before, thus we have successfully managed to solve a problem where many have failed before and changed the face of remittance in South Africa forever.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      the mission of hello paisa is to offer migrants living and working in south africa a secure, cost effective way of sending money to heir loved ones all around the world
tahaemsd

16 june | Hello Paisa's model of remitted groceries - 0 views

familyremittances.org/...as-model-of-remitted-groceries

Fintech Africa Payments modernization Service

shared by tahaemsd on 13 Feb 21 - No Cached
  • May 19, 2020 | Sector: Private sector Hello Paisa developed a free app, malaicha.com, that allows people  to choose  through a catalogue goods and groceries and send them to Zimbabwe, where their loved ones can collect them at different collection points
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      Hello Paisa's model of remitted groceries
kenzabenessalah

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

www.bbc.com/...business-30184359

SnapScan Credit Card Fee

shared by kenzabenessalah on 13 Feb 21 - No Cached
  • 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
      samiatazi on 13 Feb 21
       
      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
      kenzabenessalah on 13 Feb 21
       
      Using SnapScan is cost-effective because the transaction fee is cheaper than the normal credit card one.
nouhaila_zaki

AgroCenta: Digital food distribution platform creating shared value for businesses and ... - 0 views

agrocenta.com/apps

AgroCenta Ghana Agricultural Value Chain Products and Services Cropchain LendIt

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • This is our financial inclusion platform targeted at smallholder farmers. We make it super easy for institutions to on-lend and disburse funds to a large network of smallholder farmers. We don't just give you access to farmers, we give you access to trustworthy low risk farmers.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt reflects the financial inclusion concern of AgroCenta. The LendIt platform allows farmers to access to digital payments, micro-lending and crop insurance more easily thanks to it.
  • Farmer Registrations Know where your farmers reside, how much money they've been making in the past, their family sizes, their literacy levels and more. Inventory Management Easily track how many tons of commodities you have available across multiple locations. Quickly know where to concentrate more effort. Logistics & Tracking Which route is the most efficient to use for commodity pickups? How long will it take for customers to receive commodities they ordered?
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt reflects what the Cropchain platform introduced by AgroCenta does for its customers, namely enforcing traceability, transparency and accountability in the agricultural supply chain.
mohammed_ab

Fintech, bank partnerships will deepen financial inclusion - 1 views

techjaja.com/ill-deepen-financial-inclusion

MTN Fintech Partnerships

shared by mohammed_ab on 13 Feb 21 - No Cached
  • 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.
  • mohammed_ab on 13 Feb 21
     
    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.
hibaerrai

How WorldRemit continues to lead the way in Nigeria | TechCabal - 0 views

techcabal.com/...ues-to-lead-the-way-in-nigeria

WorldRemit Remittance E-payments Nigeria

shared by hibaerrai on 13 Feb 21 - No Cached
  • WorldRemit has the largest bank payout network for transfers to USD bank accounts in Nigeria, which includes Access Bank, FirstBank, Fidelity, GT Bank, UBA and FCMB, with ongoing plans for further expansion. Cash pickup in USD is also available from the following banks: Fidelity Bank, First Bank, Access Bank, Polaris Bank, FCMB, Zenith Bank and Union Bank. For added security and convenience, both senders and recipients automatically receive transaction and PIN numbers via SMS and email, for cash pick up. Recipients must present both numbers along with their ID at cash collection points. 
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      WorldRemit took advantage of the pandemic and expanded their services to suit their customers. It made money transfers easier throughout this special period. It's transfers networks largened.
nouhaila_zaki

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

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

Fawry Egypt Expansion

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

Western Union, MTN introduce cross-border mobile money transfer in 21 countries | Retai... - 0 views

www.retaildive.com/...money-transfer-in-21-countries

MTN Western-Union Partnership

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • Wireless carrier MTN Group and global payment services giant Western Union Co. have partnered to introduce international mobile remittance services in 21 countries across Africa and the Middle East.
  • chaimaa-rachid on 13 Feb 21
     
    MTN required the association with Western Union Africa to provide its subscribers the opportunity to send and get Western Union Money Transfer exchanges utilizing their MTN mobile money.
mohammed_ab

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

itweb.africa/...KPNG878K4j3v4mwD

MTN Fintech partnership Financial inclusion

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

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

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

Zeepay Africa Customers

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

CEO Interview: Egypt's first unicorn Fawry aims to lead in financial inclusion | ZAWYA ... - 0 views

www.zawya.com/..._inclusion-ZAWYA20201101035106

Fawry Egypt Pandemic Customer Segment

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Aversion to electronic financial service remains one of the challenges facing fintech in Egypt, an attitude that COVID-19 has helped mitigate, according to Sabry. Mobile wallet transactions, one of Fawry’s main services, witnessed “phenomenal growth” as soon as a partial lockdown was imposed. The company’s mobile app reached a record high of more than a million downloads between March and June.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it discusses how the pandemic has helped Fawry with its growth by suppressing the challenges it usually faced.
  • More than two-thirds of Egypt’s adult population do not have a bank account, and even those who do rarely have full access to financial services. At the other extreme, mobile phone penetration in the country is estimated at over 95 percent, and the number of mobile internet users has reached more than 42 million. For Ashraf Sabry, CEO of e-payment unicorn Fawry, this is a huge business opportunity.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it explains the circumstances that contributed to Fawry's success, being the large unbanked population in Egypt coupled with the fast mobile phone penetration in the country.
  • nouhaila_zaki on 13 Feb 21
     
    "Aversion to electronic financial service remains one of the challenges facing fintech in Egypt, an attitude that COVID-19 has helped mitigate, according to Sabry. Mobile wallet transactions, one of Fawry's main services, witnessed "phenomenal growth" as soon as a partial lockdown was imposed. The company's mobile app reached a record high of more than a million downloads between March and June."
samielbaqqali

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

allafrica.com/...202011090665.html

Zeepay Partnership Mastercard

shared by samielbaqqali on 13 Feb 21 - No Cached
  • 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
      samielbaqqali on 13 Feb 21
       
      As Mastercard is very famous, most of their users would be interested in Zeepay's services.
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