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kaoutarchennoufi

M-PESA Tips - Safaricom - 1 views

  • M-PESA Tips Tips Safaricom investigates all reported cases of fraud or attempted fraud on the network; and our dedicated Fraud team works together with the relevant authorities to seek legal address where appropriate. Fraudsters are known to use tactics that take advantage of customers; they require you to provide information or do something yourself.
    • hichamachir
       
      M-Pesa's partner Safaricom is responsible of any fraud that customers might face. This a good way to show that the company cares about customers data and want to keep it safe. I think that protecting the privacy of customers data is very crucial in the company's success
  • Check M-PESA balance When you perform an M-PESA transaction, you will receive a text message that confirms your transaction and tells you your new balance. You can also check your M-PESA balance by going to “My account” on the M-PESA phone menu.
    • samielbaqqali
       
      Safaricom, M-affiliate, Pesa's is responsible for any fraud that customers may face. This is a good way to demonstrate that the organization cares and wants to keep consumer data secure. I believe that preserving consumer data privacy is very important to the success of the business.
  • Your M-PESA PIN is used to protect the money in your M-PESA account. You have to key in your PIN before you can perform any M-PESA transactions, so choose a PIN that you can easily remember. Use a PIN that is not easy for other people to guess, and do not share your PIN with anyone, not even Safaricom staff. You can change your PIN at any time by going to ‘My account’ on the M-PESA phone menu. 
    • kaoutarchennoufi
       
      M-Pesa cares more about the security of its clients and ensure their safety by providing them with a unique PIN that they need to enter before performing any transaction.
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  • Your M-PESA PIN is used to protect the money in your M-PESA account. You have to key in your PIN before you can perform any M-PESA transactions, so choose a PIN that you can easily remember. Use a PIN that is not easy for other people to guess, and do not share your PIN with anyone, not even Safaricom staff. You can change your PIN at any time by going to ‘My account’ on the M-PESA phone menu. 
kenza_abdelhaq

EthSwitch S.C - 0 views

  • Ethswitch, established in 2011, is a share company fully owned by all banks in Ethiopia. It is established mainly to provide simple, affordable, secured, and efficient e-payment infrastructure services to retail payment service providers, and through them, to end users in Ethiopia; by deploying state-of-the-art technology along with highly skilled and motivated professionals. The underling mandate of Ethswitch is contributing to the modernization of the national payments system and enhancement of financial inclusion in the country.
    • kenza_abdelhaq
       
      Ethswitch is the owner of EthioPay and they both operate on the national level with all different banks contributing to the modernization of Ethiopia's payment system.
  •  
    "Ethswitch, established in 2011, is a share company fully owned by all banks in Ethiopia. It is established mainly to provide simple, affordable, secured, and efficient e-payment infrastructure services to retail payment service providers, and through them, to end users in Ethiopia; by deploying state-of-the-art technology along with highly skilled and motivated professionals. The underling mandate of Ethswitch is contributing to the modernization of the national payments system and enhancement of financial inclusion in the country."
ghtazi

AV Ventures Invests in AgroCenta, Supporting Digital and Financial Inclusion of Ghanaia... - 0 views

  • AV Ventures, ACDI/VOCA’s impact investing subsidiary, recently completed its investment in AgroCenta, a technology-driven agricultural platform provider in Ghana. The funding made by AV Ventures is part of a US$790,000 pre-Series A investment round with other participating international institutions, including Shell Foundation, the United Kingdom’s Foreign, Commonwealth and Development Office, and Rabo Foundation, with support from AgroCenta’s strategic advisor, Qbera Capital.
    • tahaemsd
       
      With the newly secured funding, agrocenta will widen the reach of its smallholder farmer financial inclusion programs
  • The digital services AgroCenta provides along the selected cereals value chain also improve the repayment of loans by smallholder farmers. The services provide farmers with an end market through the offtaking of produce and through facilitating the provision of high-quality agricultural inputs, which maximize their yields and productivity. To date, the average farmer on CropChain has increased their income by 35 percent and their crop yields by 40 percent, while reducing their food waste by 25 percent. AgroCenta has also made strides to promote gender and social inclusion; nearly half of its CropChain users and more than half of its microloan borrowers on LendIt are female smallholder farmers. 
    • nouhaila_zaki
       
      This excerpt is important because it introduces the results of using AgroCenta on smallholder farmers, ranging between the maximization of productivity, of income, reduction of food waste,to gender and social inclusion.
  • Founded in 2016, AgroCenta operates two integrated digital platforms in Ghana, CropChain and LendIt, to help address challenges related to smallholder farmers’ access to markets and financial services.
    • kenza_abdelhaq
       
      Since 2016, AgroCenta operates 2 digital platforms: - CropChain: integrated agricultural supply chain management platform. - LendIt: allowing access to financial services like mobile payments, microloans, crop insurance.
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  • Poor infrastructure and logistics prevent many smallholder farmers in Ghana from accessing large, urban markets where they could obtain better prices for their crops. Many of these farmers lack information on fair market prices, which leaves them susceptible to selling at low prices to middlemen. Without a strong credit history, many of them also have limited access to finance for purchasing high-quality agricultural inputs that would enable them to scale beyond subsistent production.  
    • sawsanenn
       
      this excerpt shows reasons why smallholder farmers should consider agrocenta to increase their profitability and their revenues
  • For AV Ventures, the investment is part of its long-term strategy of providing innovative and catalytic capital to support growth-oriented small- and medium-sized enterprises (SMEs) like AgroCenta that make up the “missing middle” of investment — too large for microfinance but too small or too early-stage to attract private equity investors. These SMEs are often the backbone of economies and potential drivers of innovation, but too often they miss out on financing that could enable their growth and longevity.  
    • hibaerrai
       
      Agrocenta attracts more investors as it is considered among small and medium businesses that promote innovation. In fact, the fintech is specialized in agricultural loans, something not that common in the country.
  • CropChain is an integrated agricultural supply chain management platform that provides smallholder farmers with access to markets. Farmers use the platform to advertise their produce, while large offtakers or buyers of selected cereals use it to make purchases or enter long-term offtaker purchase contracts with AgroCenta. AgroCenta leverages the platform to source cereals directly from smallholder farmers to supply to large offtakers who have contracts with the company. This allows AgroCenta to earn margins between the price it pays farmers and the contractually agreed upon price with offtakers.
    • mbellakbail69
       
      Agrocenta draws even more investment amongst SMEs that promote innovation. This extract shows some of the reasons why smallholders should consider Agrocentra for increasing the profitability and income .
  • “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 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.”
    • ghtazi
       
      in this excerpt, we can see how agrocenta takes the pandemic situation and what are the solutions that the company adopts to face it.
kenza_abdelhaq

Biometrics - The Future and Impacts on FinTech - 1 views

  • With Apple introducing the biometrics technologies like Fingerprint identification and now facial recognition on its latest X series phones, biometrics is not only a day-to-day part of consumers’ lifestyles but also opening a whole new doors to biometrics industries and consumers’ financial operating methods.Companies like FIDO Alliance pulling out all the stops to make the biometrics systems standardized and more secured introduces the world to the new era of FinTech with easier, secured and adaptable approach of Biometrics Finances.
    • kenza_abdelhaq
       
      Biometrics identity systems are starting to be in our day to day life.
  • The tiresome process of entering long and complicated passwords and initials at every transaction along with the risk of compromising the security of the consumers’ accounts played a major role in accepting the Facial Recognition, Fingerprint scanner, IRIS Sensor and Voice recognition as a method of authentication at a Banking sector. 
    • kenza_abdelhaq
       
      In order to enhance customers' experience, offer more convenient and fast processes, biometrics processes like Facial Recognition, fingerprints scanner, IRIS sensor, and voice recognition will be methods of authentication in the banking sector.
omarlahmidi

Inside SnapScan, SA's app of the year - TechCentral - 2 views

  • The company makes its money by charging a small transaction fee to the retailer on each purchase. This fee varies. “We take a small transaction fee, much like the acquiring component to merchant transactions,” Ehlers says. SnapScan has a partnership with Standard Bank, which means it can process transactions at “competitive rates”, he adds. In addition to transaction fees, SnapScan offers its customers the option of accessing analytics or running loyalty programmes, both of which are billed as add-ons.
  • SnapScan co-founder, 28-year-old Kobus Ehlers, says there are a number of benefits to this approach for retailers. “It takes about 30 seconds to sign up. We issue a QR code, which you print, and you’re done.” Merchants without bank accounts can cash out their takings at the end of the day. “Customers can pay with the app, the retailer can then get a voucher code at the end of the day that they can punch in at a Standard Bank ATM — or hand over at a Spar — and get cash.” If customers don’t have the app installed, scanning the QR code will take them to the relevant app store where they can download it.
    • samielbaqqali
       
      Low transaction fees are often a strong opportunity to draw customers and this technique is perfectly executed by SnapScan. SnapScan, in my view, plays smart because they deliver a fast and digitalized service with a special QR code technology, so they deserve to win the South African app of the year.
  • If customers don’t have the app installed, scanning the QR code will take them to the relevant app store where they can download it.
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  • To use SnapScan, consumers download the app for Apple, Android or BlackBerry, and add their credit card details by taking a picture of their card and creating a Pin. They can then use the app to scan a QR (quick response) code — a type of barcode — in a store and can make payments.
  • The company makes its money by charging a small transaction fee to the retailer on each purchase. This fee varies. “We take a small transaction fee, much like the acquiring component to merchant transactions,” Ehlers says. SnapScan has a partnership with Standard Bank, which means it can process transactions at “competitive rates”, he adds. In addition to transaction fees, SnapScan offers its customers the option of accessing analytics or running loyalty programmes, both of which are billed as add-ons. The company offers three products. The first is an “instant merchant product” aimed at informal retailers who want their takings in cash. The second is the “standard” product that settles into a bank account like a traditional point-of-sale (POS) unit. The third is an “enterprise solution” designed to integrate with existing POS systems.
  • SnapScan works with debit cards and credit cards, and there are no sign-up, setup or installation fees. There is also no monthly fee payable.
    • aymanelmamoun
       
      SnapScan enters the market by offering many facilities to attract new customers. The application supports both debit and credit cards, no sign-ups or installation fees, and payments are made monthly.
  • SnapScan falls under FireID, the company that now houses six start-up technology businesses, SnapScan being the most recently launched. FireID started life as an information security company specialising in “two-factor authentication” technology for mobile phones. It was funded by billionaire Johann Rupert, through Reinet. Justin Stanford, one of FireID’s co-founders, was instrumental in securing the initial capital injection. However, Stanford was unable to convince Reinet’s investment committee to continue investing and in 2011 it pulled its funding of FireID, forcing the company to lay off its 40 employees.
    • omarlahmidi
       
      To attract customers, SnapScan uses many facilities such as accepting credit and debit cards.
  •  
    The low transaction fees are always a good incentive to attract customers and SnapScan are implementing this strategy perfectly. In my opinion, SnapScan is playing smart because they offer a fast and digitalized service with a unique technology which is QR code, so they deserve to win the app of the year in South Africa.
  •  
    SnapScan offered a digital service. The company has created efficiency and security with its QR code techniques.
  •  
    It is interesting and encouraging to customers the fact that they don't need to pay any sign-up, setup or installation fees in order to benefit from snapscan
mehdibella

WooCommerce SnapScan Gateway - WooCommerce - 0 views

  • Key Features Fast and easy signup Simple integration Customers need not re-enter card details Customers scan on a desktop or click to pay on a mobile device Responsive and mobile friendly Payment happens onsite with a trusted mobile payment provider! Why choose SnapScan?SnapScan is the preferred way for South Africans to pay with their phones.You may know the app from your favorite weekend market or local coffee shop, but SnapScan also provides payment solutions for larger merchants. From payments and invoicing for Pathcare laboratories to online checkout for big brands like Superbalist, Spree and Wellness Warehouse, we have expanded rapidly, and our flat rate of 3% (incl. VAT) per transaction is highly competitive.How do I start using SnapScan?To get started with SnapScan, you need a merchant account. No mountains of paperwork! Just mail help@snapscan.co.za and we set you up in no time. The sign-up process takes 10 minutes maximum, then we send you all the information you need.Once a customer has paid, their order is automatically completed and the website updates. As a merchant, your order list displays confirmation of the SnapScan payment, and you can begin the delivery process.
    • samiatazi
       
      I find that SnapScan is very useful as it provides its customers with an easy navigation platform, security, and a 10 min max sign-up process, in addition to many key features. Furthermore, This mobile payment app serves not only small startups and vendors but also larger merchants.
  • SnapScan allows South African customers to check out quicker and more securely with a scan or tap via card details stored on their phone. Customers spend less time in checkout, and more time shopping!
    • kenzabenessalah
       
      SnapScan create efficiency, security, and effectiveness with its QR code method. Since South Africa has a large population, these applications are essential to minimize physical contact.
  • SnapScan Online Checkout
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  • SnapScan is the preferred way for South Africans to pay with their phones.
  • Key Features Fast and easy signup Simple integration Customers need not re-enter card details Customers scan on a desktop or click to pay on a mobile device Responsive and mobile friendly Payment happens onsite with a trusted mobile payment provider!
    • mehdibella
       
      Thanks to SnapScan carrying a mobile phone is equivalent to carrying a digital wallet for e-payments and transactions. Most importantly, customers like this app for being free, safe, easy and convenient simultaneously.
  • From payments and invoicing for Pathcare laboratories to online checkout for big brands like Superbalist, Spree and Wellness Warehouse, we have expanded rapidly, and our flat rate of 3% (incl. VAT) per transaction is highly competitive.
    • kenza_abdelhaq
       
      SnapScan has a competitive flat rate on each transaction of 3% including VAT.
chaimaa-rachid

IfG.CC - Egypt: Fawry launches first nation-wide electronic bill payment and presentmen... - 2 views

  • "The success of Fawry is driven by the adoption of a large number of billers and banks to ensure that the largest part of the Egyptian population can benefit from Fawry," said Magda Habib, chief commercial officer at Fawry. "We are in the process of on-boarding a significant number of new members across a diversity of services ranging from social clubs to schools to utilities and insurance, ensuring that Egyptians are able to access and pay their bills across a wide range of services with ease and complete security through Fawry."
  •  
    I appreciate how Fawry cares about its customers, they want to make sure all Egyptians are able to use their various secure payment options.
mohammed_ab

Pula Secures Funding from Global Investors to Support Smallholder Farmers in Africa and... - 0 views

  • At Pula, we are radically restructuring agricultural insurance, using technology to insure the previously unbanked, uninsured, untapped market of 1.5 billion smallholders worldwide. We work in nine countries across Africa and Asia, and in 2017 alone, we facilitated crop and livestock insurance cover to 611,000 farmers in Kenya, Rwanda, Uganda, Nigeria, Ethiopia and Malawi.
    • nourserghini
       
      Pula serves many African countries such as Ethiopia, Kenya, Rwanda, Uganda, Nigeria and Malawi.
  • Pula uses satellite data and farm yield measurements to understand how weather patterns affect a smallholder farmer’s yield, and uses this information to automate compensation in case of loss. The company also provides farmers with targeted agronomic advice via SMS messaging, helping them grow more from their existing landholdings.
  • Insurtech startup Pula announced today that it has closed a seed funding round to advance its efforts to provide insurance to smallholder farmers in Africa and South Asia.
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  • This injection of funds will enable Pula to invest further in its technology platform and service offerings.
  •  
    I like the way Pula uses the latest technology in order to understand the weather and the possible problems that farmers might find. This is a very good strategy because farmers feel that Pula is doing its best to deliver the best insurance possible for them.
  •  
    This excerpt shows that Pula has secured new funding to invest more in its technology. This is good news for its customers as they will benefit from better technology and more product offerings.
nourserghini

Abacus' New Android App Let's You Track the Nairobi Stock Exchange On the Go | TechCabal - 0 views

  • Abacus is a web and mobile software that lets you keep tabs on whatever is going on with the Nairobi Securities exchange in real time. And now, the team behind it has launched an Android app. The app was launched today and users now have access to regular updates from activities on the Nairobi Securities Exchange. The Abacus team, led by Joel Macharia as the CEO and Kevin Omwega as the director, have more than ten years of market experience. Abacus was one of the startups that participated in 2015 DEMO Africa event.
    • nourserghini
       
      Abacus' android app has been launched in early 2016 and is allowing access to updates of the Nairobi Securities Exchange .
hibaerrai

CONSORTIUM ACQUIRES MAJORITY STAKE IN FAWRY, EGYPT'S LEADING E-PAYMENT SERVICES PLATFOR... - 0 views

  • Founded in 2008, Fawry is Egypt’s first and largest Electronic Payment Network, offering financial services to consumers and businesses through more than 50,000 collection points and a variety of channels nationwideBased on its own-patented technology, that is fully compliant with international security standards of the ISA 27001 and PA DSS certifications, Fawry performs more than a million financial operations daily.Fawry services include collection services, customer acquisition, electronic cash, payment facilitation, and business-to-business collection centres.  In 2014, Fawry’s revenue reached EGP 210 million, and the company served more than 15 million customers.
    • nouhaila_zaki
       
      This excerpt is important because it touches upon many aspects of Fawry: the nature of the company, the nature of services and products offered amongst other things.
  • A consortium of international financial investors comprising the Egyptian-American Enterprise Fund (“EAEF”), Helios Investment Partners (“Helios”, acting on behalf of funds it advises) and the MENA Long-Term Value Fund (“MENA LTV”) (together, the “Consortium”) today announced it has acquired a majority stake in Fawry, the leading electronic bill presentment and payment platform in Egypt at a purchase price valuing the company at EGP 773 million, approximately US$ 100 million.Headquartered in Cairo, Fawry provides users with a secure electronic bill presentment and payment services 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.  Since its establishment in 2009, Fawry has been at the forefront of electronic payments in Egypt, providing pioneering, innovative and convenient payment solutions to its customers. The company today processes over one million transactions a day and operates a network of over 50,000 collection points in 300 cities and suburbs across the country.
    • hibaerrai
       
      The Egyptian American Enterprise Fund acquired a majority stake in fawry which is a huge investment for the fintech. It promotes financial inclusion.
  •  
    "Founded in 2008, Fawry is Egypt's first and largest Electronic Payment Network, offering financial services to consumers and businesses through more than 50,000 collection points and a variety of channels nationwide Based on its own-patented technology, that is fully compliant with international security standards of the ISA 27001 and PA DSS certifications, Fawry performs more than a million financial operations daily. Fawry services include collection services, customer acquisition, electronic cash, payment facilitation, and business-to-business collection centres.  In 2014, Fawry's revenue reached EGP 210 million, and the company served more than 15 million customers."
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.
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  • 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
kenza_abdelhaq

Robo-Advisors - Business Models and Strategies | ccecosystems.news - 0 views

  • As mentioned in the last article, it is not possible to define exactly what a robo-advisor is, as the individual providers offer a range of services of varying breadth. In fact, robo-advisors have long since ceased to offer mere recommendations or advice, and most providers are steadily expanding their services into a fully integrated solution. Accordingly, people now associate a robo-advisor with a platform that can also be used to make an investment directly (see [Bloch/Vins 2017, 114]). However, this service, for example, is linked to certain regulatory requirements, which are presented below. It should be noted here that this is the regulatory framework in Germany. In terms of regulation, four business models can be distinguished in the area of robo advisory services:
    • kenzabenessalah
       
      Since EasyEquities is about investment, having roboadvisors that provide financial advice would create more value to the company and would target more segments.
  • investment brokerage (german: Anlagenvermittlung),investment advice (Anlagenberatung),acquisition brokerage (Abschlussvermittlung), as well asfinancial portfolio management (Finanzportfolioverwaltung), also known as asset management.
    • nouhaila_zaki
       
      This excerpt summarizes the business models that can be distinguished in the area of Robo-advisory services. The main difference between these business models lies in who is responsible for making the investment decision.
  • Robo-advisors can follow an active or passive investment approach not only in terms of their product range, but also in the composition of the individual products. In active management, for example, the market is constantly monitored and, on the basis of this, the securities that appear to be most advantageous at a given time are included in the portfolio. This targeted approach is described as so-called “stock picking” (see [Müller/Pester 2019, 229f]). Due to market fluctuations, there are thus regular purchases and sales of securities with the aim of achieving a higher return than the passive market. In the course of this, the percentage distribution of the asset classes in the portfolio can also be continuously adjusted and regular risk assessments carried out. As a result, the portfolio may be subject to constant change. The passive management approach is based on the strategy of maintaining the portfolio created at the beginning, including the asset allocation and the defined securities, unchanged and independent of market fluctuations. If a change in asset allocation should occur due to market fluctuations, the original state can be restored through various adjustment methods, also called “rebalancing”. In contrast to active management, this adjustment is not carried out on an ongoing basis, but at predetermined times or according to specific rules. In so-called “periodic rebalancing”, a restoration of the asset allocation is carried out as needed at the time of a previously defined temporal interval change. Another variant of rebalancing provides for an adjustment only if the portfolio value exceeds or falls below a previously defined mark, the threshold
    • nouhaila_zaki
       
      This excerpt distinguishes between Robo-advisors' active investment approach and passive investment approach, based on their product range but also on the composition of the individual products. Understanding the difference between the two approaches would allow us to better formulate strategies that incorporate Robo-advisory in them.
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  • Online asset management has been experiencing a rapid rise in Germany for several years. Since 2017, the number of users has grown by a factor of 7 from around 291,000 in 2017 to around 2.01 million in 2020 (cf. o.V. 2020), while the investment volume has increased more than tenfold from around 756 million euros to 8.068 billion euros (cf. o.V. 2020). Two factors in particular are key to this trend
    • kenza_abdelhaq
       
      robo-advising or online asset management has been growing rapidly during the past years due to loss of trust in personal banking advisors amid the 2007 financial crisis and the new generation that prefers digital interactions.
ayachehbouni

Prime and SimbaPay partner to launch international money transfer service | Mobile Paym... - 0 views

  • "Businesses as well as Kenyans and expatriates with friends and family abroad send over $18 Billion to other African countries," Karanja said in the release. "Asia and Europe annually with several billion Kenya Shillings going through the SimbaPay network. Therefore, this service will offer Prime Bank's customers a world-class fully digital International Money Transfer service."
    • nouhaila_zaki
       
      This excerpt is very important because it explains that $18 billion are transferred by businesses, other kenyans and expatriates with friends and family abroad to other African countries. Hence, the partnership between SimbaPay and Prime Bank is expected to improve international money transfer for these people, who represent a large market.
  • SimbaPay's head of operations, Victor Karanja, stated the service will provide a seamless platform for Prime Bank's customer base to send money abroad.
    • ghtazi
       
      I found the collaboration between Prime Bank and SimbaPay really smart because it will help them to extend their capacity and attract new customers. it is a win-win situation.
    • rayanbenabdallah
       
      Indeed the collaboration between Prime Bank and SimbaPay is a smart move for both compagnies. The joint force will enable a very important customer expansion.
    • nouhaila_zaki
       
      This excerpt is very important because it explains that $18 billion are transferred by businesses, other kenyans and expatriates with friends and family abroad to other African countries. Hence, the partnership between SimbaPay and Prime Bank is expected to improve international money transfer for these people, who represent a large market.
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  • Prime Bank, a private bank in Kenya, has partnered with London-based fintech, SimbaPay, to launch an instant international money transfer service via the bank's digital platform, PrimeMobi, according to a press releaseThrough SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries including Africa, Europe, Asia, India, United Kingdom, China, Germany and Uganda.
  • Prime Bank, a private bank in Kenya, has partnered with London-based fintech, SimbaPay, to launch an instant international money transfer service via the bank's digital platform, PrimeMobi, according to a press releaseThrough SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries including Africa, Europe, Asia, India, United Kingdom, China, Germany and Uganda.
    • sawsanenn
       
      This excerpt shows different countries that simbapay is working with.It shows that the app is not only limited to kenya and china but to other countries which will allow simbapay to acquire more customers worldwide
  • Prime Bank, a private bank in Kenya, has partnered with London-based fintech, SimbaPay, to launch an instant international money transfer service via the bank's digital platform, PrimeMobi, according to a press releaseThrough SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries including Africa, Europe, Asia, India, United Kingdom, China, Germany and Uganda.
    • hibaerrai
       
      Simbapay partnership with Prime Bank has allowed it to launch an international branch in the fintech in which you can transfer money to different other countries.
  • Prime and SimbaPay partner to launch international money transfer service
    • ayachehbouni
       
      This partnership is fruitful for both sides as it will increase both parties reach and customer base.
mehdibella

Kenyan agri-tech startup FarmDrive secures latest funding round - 0 views

  • Kenyan agri-tech startup FarmDrive has accessed further financing as it expands operations to provide access to credit for three million smallholder farmers.
    • tahaemsd
       
      the investment from strategic investors enabled farmdrive to build financial identities for more smallholder businesses
  • Founded by Peris Bosire and Rita Kimani, FarmDrive delivers productive digital loans and lay away savings products to smallholder farmers in Kenya, helping them grow their incomes and resilience.
  • Having previously raised funding from the likes of Safaricom and EWB Canada, FarmDrive has now secured further investment. EWB Canada is again involved in the round, which also includes AK Impact Investors, 1 to 4 Foundation, ADAP Seed Fund 2, The Lakes Charitable Foundation and Sunu Capital.
    • mehdibella
       
      The follow-on investment will allow FarmDrive to scale to US$13 million of loan, with minimal losses and exceptional returns
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  • Using a combination of agriculturally relevant data, Know Your Customer (KYC) data, and advanced behavioral analytics, the startup has developed a proprietary lending engine to extend loans to these farmers.
    • kenza_abdelhaq
       
      The relevant financial technologies behind FarmDrive.
  • The follow-on investment will allow FarmDrive to scale to US$13 million of loan originations in 2019 with minimal losses and exceptional returns using RiPe, a customisable lending engine that will allow lenders to plug in and access low-cost loan origination channels such as USSD, credit scoring, identity verification, and a portfolio management suite that includes recovery and collections, payments, customer support and advanced real time data analytics.
    • kenza_abdelhaq
       
      FarmDrive is providing a range of services while focusing on its low-cost approach and maximizing its profit.
  • “We are delighted for this investment from strategic investors to enable us to build financial identities for more smallholder businesses and scale our low cost distribution model. We are going where banks haven’t reached and are creating a trust ecosystem in the most unstructured sector in sub Saharan Africa – Agriculture,” said Bosire.
    • hibaerrai
       
      FarmDrive agritech has the potential to take over the banking system in sub saharan Africa as it provides more structured services.
  • Kenyan agri-tech startup FarmDrive has accessed further financing as it expands operations to provide access to credit for three million smallholder farmers.
    • ayachehbouni
       
      As I see it, Farmdrive needs and deserves all the financing it can get as it is creating a trust ecosystem in the most unstructured sector in sub Saharan Africa, which makes its operations extremely important.
mbellakbail69

Fawry | IBM - 3 views

  • Fawry now supports millions of transactions daily for consumers and business through more than 90,000 locations (including groceries, pharmacies, stationaries and post offices), as well as through multiple alternative channels, including online, ATMs, and mobile wallets. The company’s client base and service offerings continue to expand, leading to rapid data growth. Abbas comments: "Our data has doubled in just the last eight months, and we expect it to grow even faster in the years to come.”
  • The technology offers data compression and deduplication features that enable Fawry to boost utilization of storage resources. Abbas adds: “IBM FlashSystem A9000R offers much greater performance than our previous storage platform, meaning that we get both optimized data economics and short response times. We were able to achieve a seamless migration to the new platform with zero downtime.”
  • Each day, Fawry processes 2 million financial transactions, giving Egyptians an easy, secure payment alternative to the complex, time-consuming procedures that are the norm. To help grow customer satisfaction and speed the roll-out of new services, Fawry deployed IBM® Storage, IBM Db2® and Oracle database on IBM Power Systems™ solutions.
  • ...6 more annotations...
  • With a population of over 100 million people, Egypt is a land of opportunity for consumer services providers. In a country where payment procedures are often slow, fragmented and complex, Fawry identified a gap in the market for a simple, secure omnichannel payment gateway.
    • nouhaila_zaki
       
      This excerpt is important because it introduces the need that Fawry was created to tackle and the market gap that it saw as an opportunity to prosper. It is very important to understand the core problem around which Fawry services were designed, in order to be able to design and develop strategies that are faithful to this same goal.
  • Fawry now supports millions of transactions daily for consumers and business through more than 90,000 locations (including groceries, pharmacies, stationaries and post offices), as well as through multiple alternative channels, including online, ATMs, and mobile wallets. The company’s client base and service offerings continue to expand, leading to rapid data growth. Abbas comments: "Our data has doubled in just the last eight months, and we expect it to grow even faster in the years to come.”
    • samielbaqqali
       
      Fawry strives to make the life of their customer simpler. They have an e-commerce solution that links sellers to buyers that provide different methods of payment.
  • Fawry Putting Egypt on the global digital payments map
  • The company’s success is built on delivering consistently fast, dependable services alongside continual innovation. Seeing an opportunity to do more with its data, Fawry evaluated its technology infrastructure to ensure it was ready for the next phase in its evolution.
    • kenza_abdelhaq
       
      Fawry focuses on fast and dependable services based on innovation. The company also works on making better use of the data collected to make informed decisions; while keeping in mind the importance of a good technology infrastructure ready for the implementation of any new phase.
  • Haytham Abbas, Infrastructure Director at Fawry, picks up the story: “When we launched in 2008, the average household had to deal with around 13 separate utility and service providers. Since they typically had to set up payments with each service provider separately, often by visiting a branch, this was a lot of hassle. We created an omnichannel digital payment network to make life easier for consumers and the businesses that serve them.”
  • Fawry has a long history with IBM, having chosen IBM solutions to underpin its business again and again over the last decade. The company relies on both IBM Db2 and Oracle database software running on IBM Power Systems to support its bespoke electronic financial platform, processing 2 million transactions per day. “Together, IBM Db2, Oracle database and IBM Power Systems solutions give us the ability to process huge transaction volumes,” comments Abbas. “They provide a powerful foundation for our business, and have scaled seamlessly as we’ve grown.”
    • mbellakbail69
       
      To ensure that it selected the best offerings on the market for its latest refresh, the company's IT team undertook a thorough evaluation of storage and server options from multiple vendors.
  •  
    Fawry aims to make their client's life easier. They have an e-commerce solution that connects sellers with buyers offering various payment methods.
  • ...1 more comment...
  •  
    The success of the compnay relies on its partnerships. Fawry's partnership with IBM is brilliant because IBM can offer Fawry some advanced technology that can help improve the business.
  •  
    Fawri is a secure alternative to the traditional procedures. It is user friendly and Egiptians are benefiting from it.
  •  
    "The company's success is built on delivering consistently fast, dependable services alongside continual innovation. Seeing an opportunity to do more with its data, Fawry evaluated its technology infrastructure to ensure it was ready for the next phase in its evolution."
kaoutarchennoufi

About Us - Fawry - 1 views

  • Fawry offers a convenient and reliable way to pay bills and other services  in multiple channels (online, using ATMs , mobile wallets and retail points)Fawry’s network of retailers includes small groceries, pharmacies and stationaries, and post-offices, all equipped with point-of-sale machines – the same ones used for credit card payments.
    • ghtazi
       
      Fawry that is the only technology company on The Egyptian Exchange currently offers over 250 electronic payment services through its network of over 105,000 service points across 300 cities in Egypt - that include ATMs, mobile wallets, retail shops, post offices, and little vendor kiosks
    • kenzabenessalah
       
      Fawry offers a variety of services from groceries, to pharmacies, to banking, etc. It's a platform that contains many services to facilitate operations.
  • Based on its own-patented technology, that is fully compliant with international security standards of the ISA 27001 and PA DSS certifications, Fawry performs more than 3 million financial operations daily.Fawry services for businesses include collection services, customer acquisition, electronic cash, payment facilitation, and business-to-business collection centers.
    • kaoutarchennoufi
       
      Fawry is a very powerful Egyptian Digital Transformation and E-payments platform thanks to its diverse services provided and its high performance that reaches 3 million financial operations daily. The impressive thing is that it has its own patent that respects the international security standards.
  • Fawry is the Leading Egyptian Digital Transformation & E-Payments Platform, offering financial services to consumers and businesses through more than 194,000 locations and a variety of channels.Fawry offers a convenient and reliable way to pay bills and other services  in multiple channels (online, using ATMs , mobile wallets and retail points)Fawry’s network of retailers includes small groceries, pharmacies and stationaries, and post-offices, all equipped with point-of-sale machines – the same ones used for credit card payments.
    • hibaerrai
       
      Fawry is the largest e-payments platform in Egypt. It proposes all financial services important for the daily life of citizens which makes paying bills and others easier.
  • ...2 more annotations...
  • About Us - Fawry
  • Fawry is the Leading Egyptian Digital Transformation & E-Payments Platform, offering financial services to consumers and businesses through more than 194,000 locations and a variety of channels.
    • mehdibella
       
      Fawry offers a convenient and reliable way to pay bills and other services in multiple channels (online, using ATMs , mobile wallets and retail points)
aymanelmamoun

Standard Bank SnapScan - The quick, reliable, and secure payment solution for your busi... - 0 views

  • SnapScan lets users make payments with their phone – quickly, easily, and safely. All SnapScan-supported stores have their own unique SnapCode (which is a QR code), and customers can make a payment in-store to them by scanning the code using the camera on their phone and the SnapScan app. Additionally, SnapScan lets users send money to friends, make online payments, pay bills, buy prepaid services in the app, and earn UCount Rewards Points when making a purchase.
    • mbellakbail69
       
      SnapScan provides an easy solution that is highly ideal for small and medium-sized companies anywhere and at any time. In times where electrical payment systems are not available, SnapScan is also a great solution.
    • omarlahmidi
       
      SnapScan make customer's life easier by online payments, sending money to friends.
  • All SnapScan-supported stores have their own unique SnapCode (which is a QR code), and customers can make a payment in-store to them by scanning the code using the camera on their phone and the SnapScan app. Additionally, SnapScan lets users send money to friends, make online payments, pay bills, buy prepaid services in the app, and earn UCount Rewards Points when making a purchase
    • aymanelmamoun
       
      SnapScan is very innovative in the way that they offer QR code scanning to pay. Payment with camera allows the customer to pay bills, prepaid app-services, earn rewards, etc.
  • SnapScan is compatible with most bank cards, as well as the Standard Bank Virtual Card, and as a result is currently one of the most popular mobile payment apps in South Africa.
    • omarlahmidi
       
      SnapScan make customer's life easier by making online payments and sending money to friends.
  • ...1 more annotation...
  • SnapScan lets users make payments with their phone – quickly, easily, and safely. All SnapScan-supported stores have their own unique SnapCode (which is a QR code), and customers can make a payment in-store to them by scanning the code using the camera on their phone and the SnapScan app. Additionally, SnapScan lets users send money to friends, make online payments, pay bills, buy prepaid services in the app, and earn UCount Rewards Points when making a purchase.
kenzabenessalah

Lumkani - 0 views

  • As part of Lumkani’s mission to mitigate the loss of life and property caused by fires in South Africa and across the globe, we implement large scale roll-outs of our fire detection system into urban informal settlements and townships.
    • kenzabenessalah
       
      Before Lumkani was introduced, there was very little hope for people to rebuild their houses when fire erupted. Making this business known could help save plenty of lives.
    • kenzabenessalah
       
      Before Lumkani was introduced, there was very little hope for people to rebuild their houses when fire erupted. Making this business known could help save plenty of lives.
  • Before Lumkani introduced Fire Cover in 2016, there was little hope for households and businesses that had been excluded from insurance cover, to quickly rebuild, refurnish and return to a state of dignity.
    • kenzabenessalah
       
      This excerpt is important because it highlights how beneficial and essential the concept of the company is. It helped protect people's homes and reassure them that their households would return to their original state.
  • For only R60 per month, you get: A Lumkani Fire Alarm that warns you when fire breaks out. Cover for your home or business structure and all of your belongings/stock for up to R40,000 provided by Hollard. There is no waiting period, you are protected immediately after your first payment.Foreign Nationals may apply.No documentation required to apply..properties we protect: Informal homes Small homes and low-cost homes (RDPs) Small businesses
    • tahaemsd
       
      Details of what is covered by the LUMKANI company
  • ...2 more annotations...
  • Lumkani is a technology company which distributes insurance products to financially excluded households and businesses in townships and informal settlements. We use our award-winning fire detectors to mitigate the risk of fires and a world-first insurance product to cover losses when disasters occur. We have distributed tens of thousands of fire alarms to homes across South Africa which have drastically lowered the instances of fires in our communities, ensuring that those who are most vulnerable have a sense of security. Tens of millions of Rands of possible fire damage have been saved through our early-warning fire detectors.
    • aminej
       
      I think that this is an excellent idea since it will help many people in rural areas who very often suffer from losses due to weather or natural disasters and also a very weak infrastructure. It will also bring more unbanked people to learn about different services of insurance and finance.
  • Fires destroy homes, belongings and businesses which leads to personal and financial insecurity. We provide protection against fires to informal homes, small homes, RDPs and small businesses
    • kenzabenessalah
       
      Having such a concept is essential to the community because it deals with one of most popular issues in the world; financial insecurity
  •  
    LUMKANI launched indeed a networked heat detector to protect people's properties.
hindelquarrouti

The launch of MasterCard Bill Pay services in cooperation with Fawry | Al Bawaba - 0 views

  • For the first time in Egypt, MasterCard Worldwide has teamed up with Fawry, the nationwide Electronic Bill Payment and Presentment (EBPP) network, to launch MasterCard Bill Pay services to enable MasterCard cardholders to use their cards for bill payments and mobile top-up via Fawry’s retail network. MasterCard cardholders can now settle their Internet, mobile and fixed line bills and also utilize the top-up payment services through Fawry-MasterCard enabled retail locations across Egypt.
  • For the first time in Egypt, MasterCard Worldwide has teamed up with Fawry, the nationwide Electronic Bill Payment and Presentment (EBPP) network, to launch MasterCard Bill Pay services to enable MasterCard cardholders to use their cards for bill payments and mobile top-up via Fawry’s retail network. MasterCard cardholders can now settle their Internet, mobile and fixed line bills and also utilize the top-up payment services through Fawry-MasterCard enabled retail locations across Egypt.
  • For the first time in Egypt, MasterCard Worldwide has teamed up with Fawry, the nationwide Electronic Bill Payment and Presentment (EBPP) network, to launch MasterCard Bill Pay services to enable MasterCard cardholders to use their cards for bill payments and mobile top-up via Fawry’s retail network. MasterCard cardholders can now settle their Internet, mobile and fixed line bills and also utilize the top-up payment services through Fawry-MasterCard enabled retail locations across Egypt.
  • ...2 more annotations...
  • This is the first time the service has been introduced in Egypt and MasterCard cardholders will be the first to enjoy this fast, easy, secure and convenient bill payment channel. MasterCard and Fawry opted to launch this service in Egypt as a key market in the Middle East and Africa regions.
    • samielbaqqali
       
      MasterCard is committed to offering creative transaction solutions for the Egyptian industry, which is continuously evolving electronic installments. MasterCard replied to the needs of Egyptian consumers, who are continually progressing and need to make their regular payments with more adaptable and safe payment options.
  • Recognizing the need to continue providing our customers with innovative payment options, we worked closely with MasterCard to offer cardholders a new and convenient method for bill payments,” said Ashraf Sabry, CEO, Fawry
  •  
    MasterCard is devoted to delivering innovative transaction solutions for the Egyptian market where electronic installments are continually developing. MasterCard tended to the necessities of Egyptian customers, who are consistently progressing and require more adaptable and secure payment choices to make their everyday installments.
  •  
    It is remarkable how a company like Fawry, that started in a market with a considerable number of unbanked people, and sceptical people regarding online financial payments, made it to a partnership with MasterCard.
tahaemsd

Egypt's MoneyFellows secures US$4m to expand | ITWeb Africa - 0 views

  • Egyptian Fintech platform MoneyFellows has secured US$4-million in Series A investment from venture capital firms Partech Ventures and Sawari Ventures.The Fintech firm plans to use the investment to expand within Africa and also launch new solutions.MoneyFellows is a financial enabler that digitises money circles or ROSCA (known as gam’eyas in the Arab world, chit funds in India, committee in Pakistan, Tandas in Mexico, and tontine in West and Central Africa).
    • tahaemsd
       
      the company can be described a first mover in supportig financial inclusio and digital transformation mandate of the egyptian government
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