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omarlahmidi

What SnapScan can do for South African retail businesses - 1 views

  • The overall benefits for businesses and customers include: Safety and security: Customers can pay via their mobile phone and retailers can rest assured knowing that extensive security measures are in place. Speed: It’s fast, as customers simply need to scan the display code at a till point. Convenience: There is no need to carry cash around and paying via SnapScan offers a frictionless experience. Cashless: As customers won’t be using cash, it is easier for businesses to authenticate and formalise transactions. SnapScan is a mobile payments solution with a variety of payment options available for retailers.
  • The overall benefits for businesses and customers include: Safety and security: Customers can pay via their mobile phone and retailers can rest assured knowing that extensive security measures are in place. Speed: It’s fast, as customers simply need to scan the display code at a till point. Convenience: There is no need to carry cash around and paying via SnapScan offers a frictionless experience. Cashless: As customers won’t be using cash, it is easier for businesses to authenticate and formalise transactions. SnapScan is a mobile payments solution with a variety of payment options available for retailers.
    • samielbaqqali
       
      I like the concept of defining SnapScan as a solution for companies looking for a service that is quick and good.
  • SnapScan offers quick, easy, and secure mobile payment solutions to retailers so their customers can enjoy the convenience of paying on the fly. Mobile payments can also mean that staff spend less time processing payments, as SnapScan can be integrated with a variety of leading point-of-sale systems. Businesses that offer delivery services can give their drivers a lanyard with a SnapCode (unique QR code) so customers can pay for goods or services during delivery. Retailers that have an online store can use SnapScan to offer a streamlined and consistent experience to their customers across multiple platforms.
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  • Evolving checkout processes are one of the fastest growing trends in the retail space, as users are demanding better and more flexible shopping experiences and payment processes. Because of this, cashless payments and omnichannel options are becoming the norm, putting forward the business case for mobile payments, as they provide customers with a consistent experience. In fact, retailers that are reconfiguring their systems to accommodate increasing mobile customers – who expect multichannel options which support quick and secure digital payments – are more likely to see a boost in sales and growth.
    • mbellakbail69
       
      SnapScan provides retailers with fast, simple, and safe mobile payment solutions so that their customers can easily enjoy floating payments. Mobile purchases can also result in less workload for workers, as SnapScan can be incorporated into a number of leading points of sale systems.
    • omarlahmidi
       
      With the development of the world, digital solutions must be implemented in order to improve shopping experiences for customers
  • SnapScan offers quick, easy, and secure mobile payment solutions to retailers so their customers can enjoy the convenience of paying on the fly.
  • Evolving checkout processes are one of the fastest growing trends in the retail space, as users are demanding better and more flexible shopping experiences and payment processes.
  • Today every industry, but especially the retail industry, is experiencing pressure to implement digital solutions in order to remain competitive.
  • Evolving checkout processes are one of the fastest growing trends in the retail space, as users are demanding better and more flexible shopping experiences and payment processes.
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    I like the idea of identifying SnapScan as a solution for businesses that are looking for a fast and good service. The business delivers a safe, good and fast service which make it a very useful service. SnapScan is another example that shows Fintech improves our life.
  •  
    I love how Snapscan is constantly creating and innovating to furnish its clients with security and speed while making their mobile payments.
mbellakbail69

Digital Payments Firm Strikes Gold in Egypt, Where Cash Is King - Bloomberg - 0 views

  • An Egyptian digital payments firm has quadrupled in value during the pandemic, helped by a government push to reduce citizens’ heavy reliance on cash. Investors and analysts are split on whether the stock rally has further legs.
  • A 300% rally from a mid-March low has boosted its market value to 20 billion Egyptian pounds ($1.3 billion). That puts Fawry among the country’s 10 most valuable companies alongside firms such as Telecom Egypt Co. and Elswedy Electric Co., which generate many times more revenue and profit.
    • ayachehbouni
       
      In addition to the opportunity the Covid-19 crisis has created to Fintech companies such as Fawry, The North African nation's central bank asking lenders to find a way to make sure all citizens have access to financial services, focusing on digital payments and mobile wallets, is also one of the main reasons behind the rise in the company's valuation as it resulted in its services being needed more than ever before.
  • Egypt, where it’s common for government employees to ring doorbells to collect cash payments for gas and electricity bills, is trying to shift more transactions digital. The North African nation’s central bank has asked lenders to set a strategy to ensure all citizens have access to financial services, focusing on digital payments and mobile wallets. The regulator is also pushing consumers to use payment platforms such as Fawry in an attempt to curb the spread of the new coronavirus.#lazy-img-364482620:before{padding-top:56.25%;}
    • nouhaila_zaki
       
      This excerpt is important because it reflects how the Egyptian government and central bank contributed to the prosperity of Fawry during the covid-19 pandemic.
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  • The National Bank of Egypt is looking to buy stakes in Aman, Raya Holding for Financial Investments’ e-payment subsidiary, which was planned to IPO in three years, the local business newspaper Al Mal reported in 2019. MM Group for Industry & International Trade SAE is also planning to begin procedures to list non-banking investments firm Ebtikar next year, according to Daily News Egypt.
    • mbellakbail69
       
      All the same, Fawry's surging stock price may encourage further investment in Egypt's e-payment sector.
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    I believe that digitalization helped many companies to boost their profits during the pandemic. Fawry's is the leading Fintech company in Egypt and the pandemic served this company very well.
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    "Egypt, where it's common for government employees to ring doorbells to collect cash payments for gas and electricity bills, is trying to shift more transactions digital. The North African nation's central bank has asked lenders to set a strategy to ensure all citizens have access to financial services, focusing on digital payments and mobile wallets. The regulator is also pushing consumers to use payment platforms such as Fawry in an attempt to curb the spread of the new coronavirus."
nourserghini

How little known Abacus is enabling Kenyans to Micro-invest in Securities on the Nairob... - 0 views

  • A new Kenyan startup called Abacus (www.abacus.co.ke) is a licensed data vendor with the Nairobi Securities Exchange(NSE).Its been in existence since 2015 and just early this year,in partnership with Genghis Capital and Chase bank,they began offering subscribers the ability to deposit,buy,sell and trade unit trusts,bonds and equities on their platform.
    • ayachehbouni
       
      Abacus helps investors in African markets make and execute faster, smarter, and more informed decisions by providing real time financial data, news, analysis and analytics tools and market access.
  • A new Kenyan startup called Abacus (www.abacus.co.ke) is a licensed data vendor with the Nairobi Securities Exchange(NSE).Its been in existence since 2015 and just early this year,in partnership with Genghis Capital and Chase bank,they began offering subscribers the ability to deposit,buy,sell and trade unit trusts,bonds and equities on their platform.
    • aminej
       
      Abacus offers very interesting investing opportunities for Kenyans who want to learn about trading through stocks, bonds and other securities. It will also reduce the number of people who are unbanked and encourage them to use these services in order to maximize profit
  • All in all,Abacus allows you to easily get started on the road to investing in the NSE,its available on the web through www.abacus.co.ke and the android app is available on the Google play store,A basic subscriber account is easy to set up and allows one to easily get started with practise trading with virtual funds and realtime NSE data on market open so that one can learn.
    • nourserghini
       
      This article shows that Abacus makes investing easier through its website and android app that allow trading with virtual funds and real market data.
samielbaqqali

(PDF) Mobile payment in Fintech environment: trends, security challenges, and services - 0 views

  • Also by making payments through encrypted one-time token information, information is not exposed externally and by supporting a separate Secure Element (SE) that can independently and securely store sensitive information, security was improved.
    • samielbaqqali
       
      Fawry should make payments through encrypted one-time taken information in order to improve security.
aminej

EthioPay | Contact Us - 0 views

    • aminej
       
      In this article we can note that the different services that EthioPay offers are electricity bills, health Insurance, pay telecom, school fees and utility fees. We can also deduct from its name that it is located in Ethiopia and it was founded by Minas Yohannes and Daniel Hadgu in 2018.Also, their customer target are any Ethiopian who have a smartphone and wants to use it to pay their bills in a convenient way mostly households and students.
  • Send payments back home in an easy and secure way. Taking care of your loved ones back home does not need to be complicated. EthioPay makes it easy to send money without having to worry whether the money will reach your loved ones. Our secure platform uses bank-grade encryption meaning when you send money, your loved ones are guaranteed to receive it. You also never have to worry about your payment methods being compromised. Use our one-time payment system or set an ongoing schedule. We know that sending money home depends on multiple factors. Sometimes you will want to send a one-time amount, other times you will want recurrent payments. Ethiopay caters for both instances by offering you flexible payment options that you can adjust to your needs. This helps you ensure that you never miss a payment when it's needed. Avoid the headaches of keeping track of payments. You want to keep track of payments you make for your personal records. This can be a challenge when using other platforms. The Ethiopay User Account Dashboard offers a unified and detailed view of all the transactions you have made on the platform. Each entry shows the date and time stamp, amount, recipient and transaction status of every payment made. Pay education & utility bills back home with Ethiopay Paying utility and school fees is an important way of empowering your loved ones back home. Whether you are in North America or Europe, Ethiopay offers an easy and reliable way to do this. In addition, you can opt to set up scheduled payments so the payments are made at the beginning of each school term or any other time frame your choose.
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    This can help in : Improving security in payments. Encouraging more people to use digital money since it is safer mostly in countries where there is high level of crime. People now use their phone more than anything so it would facilitate many task for people (innovative)
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    During the Covid lockdown, we became aware of the need for such a platform. Having the possibility to send money back to your country to help your family in a secure way just by using your phone is amazing. The different security features that EthioPay offers to its customers are crucial in our time where cybercrimes keep on growing.
hibaerrai

Thndr obtains brokerage licence, executes digital commission-free trading | ZAWYA MENA ... - 0 views

  • The company is keen to work with companies specialising in the financial technology (fintech) solutions field, to contribute to the development of the Egyptian capital market sector.The most prominent of these partnerships includes a contract with the Egyptian Company for Information Dissemination (EGID).
    • ayachehbouni
       
      As Thndr helps both individuals and companies to easily deal in the Egyptian stock exchange, working with companies specializing in the financial technology solutions field is a must.
  • Startup and equities trading platform, Thndr Securities Brokerage, has obtained approval from Egypt’s Financial Regulatory Authority (FRA) to practice securities brokerage activities.Thndr is the first company in the Middle East to announce the provision of a zero commission on securities trading service.Its activities take place through an advanced electronic platform that enables dealers in the Egyptian Exchange (EGX) to view the latest developments and indicators at zero cost.
    • hibaerrai
       
      Thndr is the first fintech to have a brokerage license in Egypt. Also, they aim to help users invest easily in the Egyptian Stock Exchange by employing wero comission on traded securities.
mehdibella

Entretien de Zineb Kaitouni, cofondatrice de la plateforme "DABADOC" - Maroc ... - 0 views

  • Is there not a risk that arises in terms of security, in particular that of hacking? As you know, medical data is highly sensitive ... Zineb Drissi Kaitouni: DabaDoc complies with all of its legal obligations regarding the protection of personal health data - the data processing process on DabaDoc has obtained CNDP authorization (National Commission for the Control of Personal Data Protection). We use the most secure technological standards, such as HTTPS encryption and HIPAA compliant services, for maximum security. Video / audio communications between physicians and patients are not recorded.
    • samiatazi
       
      I really appreciate how responsive, transparent, and detailed based the Co Founder of the company to the various frustrations and questions of the public; especially, to one of the biggest concerns which is the data security. this is also clearly explained in the platform constitution which ensures the customer.
  • N’y a-t-il pas de risque qui se pose en termes de sécurité, notamment celui du piratage? Comme vous le savez, les données médicales sont ultrasensibles...
  • Zineb Drissi Kaitouni: DabaDoc respecte l’intégralité de ses obligations légales en matière de protection des données personnelles de santé – le processus de traitement des données sur DabaDoc a obtenu l’autorisation CNDP (Commission nationale de contrôle de la protection des données à caractère personnel).
ghtazi

Events | The 3rd Ethiopia Banking and ICT Summit - 1 views

  • Cyber Security Africa held its 5th Ethiopia Banking and ICT summit of the year, “The 5th Ethiopia Banking & ICT Summit 2018” hosted in Addis Ababa Ethiopia attracting more than 150+ participants from all over the world.
    • kenzabenessalah
       
      EthioPay is an e-payment platform that was meant to target Ethiopians first, but because of its success, it managed to make a place for itself in the Cyber Security Africa event, one that hosts individuals from all over the world.
    • nouhaila_zaki
       
      This excerpt is important because it shows the central concern to all fintech businesses, including Ethiopia, being Cyber Security. Ethiopay's participation to the summit reflects the company's willingness to partake in African efforts against aggressions on cyber security.
  • "EthioPay – the Unifying e-Payment Platform for Ethiopia"
    • nouhaila_zaki
       
      This excerpt is important because if one clicks on it, it redirects towards a comprehensive and concise presentation about Ethiopay, its main drivers, the ecosystem in which it operates, amongst other things.
  • "EthioPay – the Unifying e-Payment Platform for Ethiopia"
    • ghtazi
       
      this is important since it gives you every information about Ethiopay in only one click
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  • "EthioPay – the Unifying e-Payment Platform for Ethiopia"
    • ghtazi
       
      this is important since it gives you every information about ethiopay in only one click
mbellakbail69

AgroCenta: Digital food distribution platform creating shared value for businesses and ... - 1 views

shared by mbellakbail69 on 12 Feb 21 - No Cached
  • AgroCenta is contributing to the agenda of feeding 9 Billion people by 2050 through helping smallholder farmers with information of best farming practices, access to capital to produce more to ensure sustainable food security
    • tahaemsd
       
      This would ensure sustainable food security
  • By eliminating exploitative buying from the value chain, smallholder farmers are able to become financially independent, get enough money to take care of their families and needs thereby alleviating them from poverty
    • sawsanenn
       
      it will raise one of the biggest challenges which is poverty and reduce it.
  • AgroCenta is contributing to the agenda of feeding 9 Billion people by 2050 through helping smallholder farmers with information of best farming practices, access to capital to produce more to ensure sustainable food security
    • ghtazi
       
      I think that this is good and very respectable that Agrocenta wants to get rid of hunger and help people in need. this is a very sustainable idea.
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  • AgroCenta is contributing to the agenda of feeding 9 Billion people by 2050 through helping smallholder farmers with information of best farming practices, access to capital to produce more to ensure sustainable food security
    • mbellakbail69
       
      AgroCentra will solve and minimize hunger and ensure sustainable food stability as one of the greatest society challenges
kaoutarchennoufi

Fawry | Helios Investment Partners | Helios Investment Partners - 0 views

  • Fawry provides users with a secure electronic bill payments solution, connecting consumers, merchants, governments and financial institutions on a consolidated gateway that is accessible through multiple channels, including Point of Sale (POS) machines, ATMs, post offices, online and through mobile wallets. 
    • tahaemsd
       
      how Fawry is pioneering electronic bill presentment and payment platform
    • kenzabenessalah
       
      Fawry is able to connect different types of segments and people from consumers to merchants to government, etc.
  • Fawry provides users with a secure electronic bill payments solution, connecting consumers, merchants, governments and financial institutions on a consolidated gateway that is accessible through multiple channels, including Point of Sale (POS) machines, ATMs, post offices, online and through mobile wallets. 
    • kaoutarchennoufi
       
      Many people are concerned with the level of security of these financial services providers and sometimes they refuse to use them because of this matter. However, Fawry provides its customers with a secure electronic bill payments solution through multiple channels including point of sale which is easy to use and increases efficiency.
kenzabenessalah

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

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

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

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

Thndr Becomes Egypt's First Mobile Investment App | NileFM | EGYPT'S#1 FOR HIT MUSIC - 0 views

  • Savings and investing is a critical part of building wealth and economic development, and Egypt’s youth needs a mobile-first platform like Thndr to open the floodgates of investing in the coming decades. Platforms like Thndr have seen great success in other markets across the world, and Thndr is built with keen attention to the local nuances and preferences of the Egyptian investor in mind.
    • ayachehbouni
       
      The financial startup allows users to link their Egyptian bank account, and trade, invest, and profit from Egyptian stocks, bonds, and indices. Thndr also allows users a virtual EGP 100,000 to practice investing until they get the hand of stock investment.
  • Egyptian mobile investment app, Thndr has become the first brokerage firm to receive regulatory approval from the Financial Regulatory Association (FRA) in the last 12 years. The financial startup allows users to link their Egyptian bank account, and trade, invest, and profit from Egyptian stocks, bonds, and indices. The decision by FRA to give the startup regulatory approval comes after Egypt reforms its financial regulations on new companies with the recently approved Banking Act passed last month which allows more companies to become involved with financial trading and investment.
    • aminej
       
      THNDR Strategy aims to educate more egyptian people about trading and investing which are very good ways to make money in the short and long run. They also want to facilitate access to financial markets only through your phone for Egyptians who are almost 100m (HUGE CUSTOMER TARGET), Finally they plan to educate their population by teaching them how to invest in stocks, bonds and other securities.
  • Before the passing of the Banking Act in July 2020, the only financial apps available for Egyptians were applications that helped you put aside money for saving. However, that is set to change as companies like Thndr take advantage of the new space given to financial technology companies to allow users to invest in the Egyptian stock exchange from their homes. Stock investment apps have become popular in the last few years as a way to not only save money but to make savings grow over time. While there is always risk involved with stock trading, Thndr hoping to provide users with education on how to invest in order to be more financial secure.
    • hibaerrai
       
      Thndr is one of the first not common investment applications in Egypt. users can now invest in stocks or any other security from their homes and make money from it.
  •  
    Thndr was mainly created for a new wave of customers in order to destroy the barriers and give the chance to all egyptians to open accounts and invest.
hibaerrai

Egyptian fintech startup Thndr to open shop after securing brokerage license | AFRICA I... - 0 views

  • We are starting with Egyptian equities, but we intend to quickly introduce alternative investment options to suit different risk/reward and involvement preferences
    • ayachehbouni
       
      Thndr is constantly looking for new ways to improve their services and further reach their goals which are creating a new generation of investors and modernizing the investing process in Egypt.
  • Thndr, an Egypt based startup, is now poised to formally launch operation after securing the first new brokerage license granted in the country in over a decade. The startup closed its pre-seed round last December, with investors including Y-Combinator, 4DX Ventures, Endure Capital, The Raba Partnership, and MSA Capital. The startup has just acquired the necessary licensing from the Financial Regulatory Authority (FRA), making it the first company to acquire a brokerage license in Egypt since 2008.
    • hibaerrai
       
      Thndr opened shop after getting the brokerage license, and the goal is to solve egypt's old and not efficient processes of investing in bonds and stocks.
aminej

About Hello Paisa international money transfer service - 0 views

  • Hello Paisa is brought to you by the same people behind Hello Mobile – a revolutionary mobile network service provider trusted by thousands of migrants across South Africa.Our track record guarantees the safety and efficiency of every cash transaction, because we’re passionate about your peace of mind.The service we offer is 100% legal and completely secure; we’re one of just a few international companies that’s been issued with an SA Reserve Bank license to do what we do.
    • kenzabenessalah
       
      When it comes to sending money overseas, people have their doubts in terms of security. This excerpt is important because it stresses the fact that it is one of the few companies that have been given the license to do what they do. Knowing so, people feel comfortable sending cash abroad.
  • hellopaisa international money transfer service allows you to send cash to countries across the world, in a manner that is fast, affordable, safe and easy to use. With hellopaisa, you can send cash instantly from South Africa and the United Kingdom to your loved ones back home.
  • When you’re living in a different country for work,the last thing you need to deal with is a complicated bank account.Introducing HelloPaisa: the fastest, easiest way to send cash to your loved ones.All you need is your phone!
    • mehdibella
       
      this technology gives the community the ability to avoid legal issues by dealing with money safely as well as secured transactions with a reduced cost up to 5%.
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  • hellopaisa international money transfer service allows you to send cash to countries across the world, in a manner that is fast, affordable, safe and easy to use. With hellopaisa, you can send cash instantly from South Africa and the United Kingdom to your loved ones back home.
    • aminej
       
      I really like the service proposed by Hellopaisa since it is very practical for people who want to send money from anywhere in the world. It will help connect people in rural areas to the world which is good since it will reduce the number of people who are unbanked.
hindelquarrouti

Fawry changing the culture of payment in Egypt: Top management - Daily News Egypt - 1 views

  • our solution is based on high technology and based on Service Oriented Architecture (SOA) standard. We are highly available and our system is scalable as it can carry huge numbers of transactions. We are now certifying for the Payment Application Data Security Standard (PA-DSS) for security development and we’re following the standards of the Interactive Financial Exchange (IFX), ISO27001 and other different standards related to technology and security. Our solution is based on applying the latest technology, following the latest standards and being reliable. Moreover we allow easy access through more channels than competition to satisfy our customers’ needs. Also we’re covering more sectors and providing more services than our rivals.
  • Fawry is an Egyptian company that started in 2009 with the purpose of offering electronic payment services through several payment channels. The service started at banks and a big network of outlets all over the republic as well as Egypt post.
    • samielbaqqali
       
      The business aims to be creative as much as possible and to make all its offerings very realistic in order to make it simpler for its customers. Fawry cares a lot about the happiness of its customers. I believe Fawry recognizes the value of customer loyalty and how it allows an organization to retain profitability.
  • Fawry is an Egyptian company that started in 2009 with the purpose of offering electronic payment services through several payment channels. The service started at banks and a big network of outlets all over the republic as well as Egypt post.1 Now we are covering about 60 types of bills, where we cover the telecommunications sector and lately we covered all electrical companies in the country and some water companies. We also offer our services at universities and syndicates. Adding to that, users can now buy their airline tickets through us.
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  • Fawry is an Egyptian company that started in 2009 with the purpose of offering electronic payment services through several payment channels. The service started at banks and a big network of outlets all over the republic as well as Egypt post. Now we are covering about 60 types of bills, where we cover the telecommunications sector and lately we covered all electrical companies in the country and some water companies. We also offer our services at universities and syndicates. Adding to that, users can now buy their airline tickets through us.
  •  
    Fawry cares a lot about the satisfaction of its customers, the company tries to be innovative as much as possible and to make all its services very practical in order to make life easier for its customers. I think Fawry knows the importance of customer satisfaction and how it helps a business maintain sustainability.
  •  
    Fawry is gaining more and more popularity in Egypt. Also, it has developped two methods of payments: 1) anonymous: in which customers can pay their bills without actually revealing their identity. 2)Account creation: in this case the customers need to create an account with Fawry; this last one makes the process much easier for the customer
kenza_abdelhaq

AgroCenta raises US$ 790k of Pre-Series A Working Capital & Development Funding From Sh... - 0 views

  • Francis Obirikorang, AgroCenta’s CEO and Co-Founder Michael Ocansey highlight the importance and criticality of this investment: “This is a significant milestone for AgroCenta, having the support of leading institutions, particularly with the COVID-19 backdrop, underlining the strength of AgroCenta and the importance of its mission. The demand for agricultural raw materials from offtakers in the brewery, manufacturing and consumer sector is increasing exponentially because of the easing of the COVID-19 restrictions that were put in place by the government of Ghana, hence this capital injection will help to secure purchases at fair and transparent prices from smallholders — a much needed lifeline for many who are at the proverbial bottom of the pyramid”.
    • nouhaila_zaki
       
      This excerpt is important because it highlights how the investments received by AgroCenta from investors and partners (UK charity Shell Foundation, the UK's Foreign, Commonwealth and Development Office (FCDO), AV Ventures and Rabo Foundation) helped the company mitigate the impact of the covid-19 pandemic, and allowed for its operations to continue and frow.
  • This funding, secured from UK charity Shell Foundation, the UK’s Foreign, Commonwealth and Development Office (FCDO), AV Ventures and Rabo Foundation, will enable AgroCenta to further develop its smallholder farmer inclusion programmes and procure crops at transparent and fair market prices to service offtake contracts.
    • kenza_abdelhaq
       
      Agrocenta receives funding from diverse global institutions in order to invest in its inclusion programs.
  • In addition, lacking adequate infrastructure, logistics and transportation also limits their access to larger urban markets, where they could obtain much better pricing for their crops. Furthermore, the lack of basic data that enables KYC (Know Your Customer) and a limited or non-existent credit history means that smallholders have very limited access to finance. This prevents them from being able to utilise all of their land for growing crops or forces them to resort to using lower quality inputs — leading to stagnation at the bottom of the pyramid.
    • kenza_abdelhaq
       
      AgroCenta doesn't only help smallholder farmers to have access to markets and financing, but it also supports them with logistics, transportation, and infrastructure.
kenza_abdelhaq

M-Pesa: A Case Study in Financial Inclusion | by Matt ฿ | ChainRift Research ... - 0 views

  • M-Pesa was launched in 2007, and it’s still going strong. The concept of a phone-based money transfer service originated back in 2002, when researchers realized the popularity of the market for phone airtime — individuals in a handful of African nations often transferred it to friends and family for subsequent use or resale.
  • Their analysis found that, as a result of M-Pesa’s proliferation, 2% of Kenya’s households had been lifted out of poverty. Moreover, the study established (due to the lack of hard cash in said households) that money was better managed and less prone to being allocated to unimportant endeavors (I feel there’s a loose parallel to be drawn to the HODL/long time preference mentality here).
  • When M-Pesa (launched by Safaricom) made its debut a few years later, it had initially been conceived as a solution for microfinancing — allowing institutions to distribute and collect loan payments without the hassle of cash. However, during this pilot, its widespread adoption in a myriad of alternative use cases caused the company to reconsider and relaunch with a focus on ensuring individuals could send money to their families and execute payments.
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  • Whilst things like Apple Pay and Google Pay leverage some interesting technologies, they still rely on the participant being ‘banked’ in the first place. That, and they’re about ten years too late to the party.
    • kenza_abdelhaq
       
      Unlike Apple pay and Google Pay, M-Pesa does not need its customers or users to have a bank account.
  • Clearly, there are benefits to virtual currency that physical fiat can’t mirror. Beyond convenience and security (no need to carry cash), the M-Pesa offering allows for remittance across long distances cheaply and without a bank account.
    • kenza_abdelhaq
       
      In addition to being convenient and secure, M-Pesa provides easy solutions for remittance or money transfer across long distances with low cost.
  • M-Pesa has proven that relatively low-tech ‘dumb phones’ can be transformed into tools for better wealth control. The leap from virtual money to cryptocurrency isn’t a massive leap from there. Indeed, tools such as BitSIM (development appears to be stalling, though the concept is simple; overlaying a SIM card with a small sticker so that even archaic phone models can transact in BTC), Samourai’s PonyDirect and CoinText (currently aimed at Bitcoin Cash) facilitate entry into the Bitcoin ecosystem with cellphones.
    • kenza_abdelhaq
       
      M-Pesa is setting the example in how regular phones can be used for virtual money transfer and how this could incorporate in the same sense cryptocurrencies.
  •  
    The organization becomes exceptionally well known among the low-income local area. It furnished people with a simple solution to send money from any location.
  •  
    It's quite fascinating to see that 2% of Kenyan households were lifted out of poverty just because they start using M-Pesa services. I think that M-Pesa has some great potential in dealing with poverty as people get to manage their money more efficiently when they use mobile money.
  •  
    M-pesa was launched in 2007 and it is based on the concept of phone based money. It was established for the main purpose of allowing institutions to distribute and collect loan payments without having to deal with actual cash, yet they were smart and made it a company that has the main goal of giving people the opportunity of making payments and send money.
sawsanenn

SimbaPay - Show them you care - Start - 0 views

    • ghtazi
       
      simbapay has a competitive exchange rate, it has instant delivery and you can do it whenever and wherever you want. With this app you can send money, track transfers, check exchange rates. And all of that can be done with high security.
  • SimbaPay uses advanced security technology and leading global partners to ensure the safety and security of your data and transaction
    • nouhaila_zaki
       
      This excerpt is important because it introduces SimbaPay's partners, which can be a reflection of the scope of its operations and influence in the region.
  • WHY CHOOSE SIMBAPAY? A few reasons to send with us FROM ZERO FEES And competitive exchange rates INSTANT DELIVERY Direct to Mobile Money(M-Pesa, MTN, WeChat, etc)& Bank Accounts ANYTIME Money transfer at your convenience
    • nouhaila_zaki
       
      This excerpt is very important because it enumerates the three main assets of SimbaPay, which make up its competitive advantage: 1. No fees and competitive exchange rates, 2. Instant delivery thanks to mobile money and bank accounts, 3. the transfer of money can take place at anytime the customer would want, which provides him/her with flexibility and freedom.
  • ...1 more annotation...
  • WHY CHOOSE SIMBAPAY? A few reasons to send with us FROM ZERO FEES And competitive exchange rates INSTANT DELIVERY Direct to Mobile Money(M-Pesa, MTN, WeChat, etc)& Bank Accounts ANYTIME Money transfer at your convenience
    • sawsanenn
       
      By making these transactions cheap and fast, Simbapay can attract more customers since these are the characteristics that each customer is looking for
hibaerrai

Enterprise Trustees Partners Agrocenta to provide retirement income security for small ... - 0 views

  • Enterprise Trustees Limited has launched a partnership with Agrocenta, a digital food distribution platform, to provide retirement solutions as a value addition to small holder farmers in Afram Plains of Ghana.Under the scheme, farmers will make voluntary personal pension contributions during the harvesting seasons from the sale of their produce to Agrocenta.  The benefits will include lump sum payouts, periodic withdrawals and a life insurance cover.Agrocenta currently works with about 46,000 farmers across several regions in Ghana. These farmers will be assisted by Agrocenta field officers to enroll onto the Pensions Scheme via a USSD shortcode at the community level. 
    • hibaerrai
       
      AgroCenta customers will be granted retirement income and will have the peace of mind working and knowing that it is secured.
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