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mehdibella

Credit scoring the unbanked - alternative solutions used in global markets | Penser - 0 views

www.penser.co.uk/...lutions-used-in-global-markets

Jumo Fintech finance SouthAfrica

shared by mehdibella on 12 Feb 21 - No Cached
  • JUMO builds its credit profiles using behavioral data gathered from mobile wallets, cell phones and transaction data.
  • JUMO is a transaction and predictive technology platform that partners with mobile network operators and banks to offer customers microloans and access to savings and insurance products. They are currently active in six markets – Ghana, Tanzania, Kenya, Uganda, Zambia and Pakistan – with plans to soon launch in India, Bangladesh, Côte d’Ivoire and Nigeria. JUMO has helped disburse over $1.6 billion in funding to small and micro enterprises, and has helped connect over 15 million people to credit and savings services.
    • hindelquarrouti
      hindelquarrouti on 13 Feb 21
       
      Jumo is currently operating in different countries in Africa. It has been successful in funding small and micro enterprises, providing credit and saving services. Also, it collects behavioural data from transaction or even cell phones, this is very interesting as it contributes in creating financial identity.
  • JUMO builds its credit profiles using behavioral data gathered from mobile wallets, cell phones and transaction data.
  • ...4 more annotations...
  • JUMO works with a number of mobile network operators and financial service providers, including Airtel, MTN, Telenor, Ecobank, Barclays Africa among others.
    • mehdibella
      mehdibella on 13 Feb 21
       
      They are currently active in six markets (Ghana, Tanzania, Kenya, Uganda, Zambia and Pakistan) with plans to soon launch in India, Bangladesh, Côte d'Ivoire and Nigeria.
  • This creates a financial identity and credit rating for low-income individuals and enterprises, who can then access savings, loan and insurance products through a mobile interface.
    • mehdibella
      mehdibella on 13 Feb 21
       
      JUMO has helped disburse over $1.6 billion in funding to small and micro enterprises, and has helped connect over 15 million people to credit and savings services.
  • JUMO is a transaction and predictive technology platform that partners with mobile network operators and banks to offer customers microloans and access to savings and insurance products. They are currently active in six markets – Ghana, Tanzania, Kenya, Uganda, Zambia and Pakistan – with plans to soon launch in India, Bangladesh, Côte d’Ivoire and Nigeria. JUMO has helped disburse over $1.6 billion in funding to small and micro enterprises, and has helped connect over 15 million people to credit and savings services.
  • JUMO builds its credit profiles using behavioral data gathered from mobile wallets, cell phones and transaction data. This creates a financial identity and credit rating for low-income individuals and enterprises, who can then access savings, loan and insurance products through a mobile interface. JUMO works with a number of mobile network operators and financial service providers, including Airtel, MTN, Telenor, Ecobank, Barclays Africa among others.
  • chaimaa-rachid on 12 Feb 21
     
    It makes a monetary identity and a financial assessment for low-pay people and organizations, who would then be able to get to reserve funds, credits through mobile phone.
  • ...1 more comment...
  • hichamachir on 12 Feb 21
     
    JUMO is a very interesting company that offers many important services like micoloans and insurance products. I believe that this company is doing a great business because of its variety of important services.
  • hindelquarrouti on 13 Feb 21
     
    Jumo is currently operating in different countries in Africa. It has been successful in funding small and micro enterprises, providing credit and saving services. Also, it collects behavioural data from transaction or even cell phones, this is very interesting as it contributes in creating financial identity.
  • mohammed_ab on 13 Feb 21
     
    This article explains the procedures and technology used by JUMO in order to create a credit rating for its customers. This credit rating allows the company to know the amount of loan they can give to someone.
hibaerrai

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

www.ft.com/...d2-0667-11e2-abdb-00144feabdc0

Fawry Egypt E-payments Online Fintech Financial inclusion

shared by hibaerrai on 09 Feb 21 - No Cached
  • To minimise risk, shops where the services are available buy credit in advance from Fawry before they collect any money from the public, earning a cut from the fees.
  • “Acceptance is critical to us and we have been keen to develop solutions to expand the acceptance footprint,” he says. “The alliance with Fawry helps this by adding segments that were not accessible before. It is a typical fit with our strategy for penetrating the unbanked segment.”
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      For those who do not know how to use technology or never visited banks, which represent the majority of the population, Fawry offers bill payment at the corner store. Fawry's services are available at 16,000 retailers and 1,300 post offices. This kind of services is the main reason behind the sudden development of the country's economy as financial services were available to more people, and more importantly to unbanked and underbanked.
  • For the majority of the population, who have never touched a keyboard or stepped through the doors of a bank, Fawry offers bill payment at the corner store. It has a growing network of collection points at small grocers, stationers and chemists, which are equipped with point-of-sale machines – the same ones used for credit card payments. Fawry’s services are available at 16,000 retailers and 1,300 post offices, advertised by its bright blue and yellow logo.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it describes the scope of the current network that Fawry enjoys in Egypt, something that can be useful for developing strategies for growth.
  • ...2 more annotations...
  • It has teamed up with MasterCard to launch an online payments portal, and 12 banks (representing 80 per cent of Egypt’s banking capacity) offer its services through their ATMs, over the counter, or on their websites.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      Here the excerpt is important because it introduces a key partnership underwent by Fawry, namely the one with Mastercard; in addition to what this partnership entails for Fawry's operations (positive impact since Fawry could launch an online payments portal + offering of Fawry services by several banks).
  • “The problem in Egypt is that companies which have bank accounts sell services to people with no bank accounts,” says Ashraf Sabry, chief executive and a founder of Fawry. Among its owners are the technology development fund; a public-private partnership, Raya; a local technology company; and a group of banks including HSBC. “You could say the sellers are at the top of a pyramid and the buyers at the bottom. We connect them.”
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Unbanked individuals rights in Egypt are ignored. Fawry's goal was to give them the opportunity to financial services as well, and increase the country's financial inclusion.
  • samielbaqqali on 11 Feb 21
     
    This is a smart move because minimising the risk in this kind of operations is very important.
mehdi-ezzaoui

​Belcash Technology Solutions PLC - 0 views

www.belcash.com

Fintech Africa payments

shared by mehdi-ezzaoui on 09 Feb 21 - No Cached
  • Over the last four years, our service has allowed the Ethiopian population to access the following services using their mobile phones: Health advice (HelloDoctor), Market access (HelloMarket / HelloGebeya), Labour market access, (HelloJobs / HelloSera), Legal advice (HelloLawyer / HelloTebeka), Mobile Trade service (HelloBroker/ HelloDelela).
    • kenzabenessalah
      kenzabenessalah on 09 Feb 21
       
      BelCash has given an opportunity to the Ethiopian population to conduct their usual services online. This leads to efficient, safe, and less time consuming daily affairs.
  • Belcash Technology Solutions PLC (BCTS) is a registered Value Added Service (VAS) provider legally operating in Ethiopia. BCTS has obtained its licenses from Ministry of ICT and with a signed agreement with Ethio Telecom to provide services to the Ethiopian market.
    • kenzabenessalah
      kenzabenessalah on 09 Feb 21
       
      This is important because it emphasizes the safety and legitimacy of the platform. With multiple services, BelCash must have a data protection regulation.
  • The HelloCash Network is the largest financial service network in Ethiopia with 9,900 Service outlets across the country. Currently, within HelloCash network there are over 1,500,000 HelloCash customers. The network is expected to grow to 20,000 service outlets (Agent Network) by end of 2020.  
hibaerrai

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

fawry.com/ng-e-payment-services-platform

Fawry Egypt E-payments Online Fintech Shares

shared by hibaerrai on 13 Feb 21 - No Cached
  • 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
      nouhaila_zaki on 13 Feb 21
       
      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
      hibaerrai on 13 Feb 21
       
      The Egyptian American Enterprise Fund acquired a majority stake in fawry which is a huge investment for the fintech. It promotes financial inclusion.
  • nouhaila_zaki on 13 Feb 21
     
    "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."
ghtazi

BelCash story - HelloEthio - 0 views

www.helloethio.com/belcash-story

technology Platform buisnesses

shared by ghtazi on 12 Feb 21 - No Cached
  • BCTS has successfully implemented its HelloCash mobile banking platform and 8 000 agents network with 6 local banks and 2 microfinance institutions, making it the largest financial network in the country.This achievement has gained recognition from the UN initiative for financial inclusion, which was substantiated by the visit of UN ambassador for financial inclusion, her Royal Majesty Queen Maxima of the Netherlands in May 2019.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      Being recognized f=by the UN for financial inclusion adds a lot of value to the company making it more secure to the eyes of its customers. This is important because it places the company in a higher standard in the technology industry.
  • With 17 strong through partnerships, across multiple sectors and an ownership structure in full compliance with the Ethiopian regulations, BelCash Payments-As-A-Platform model spurred numerous “HelloServices”. These services include airtime eTop-up, Pay-As-You-Go solar, Healthcare, eCommerce, Jobs, Entertainment, and many more, providing the Ethiopian population access to essential services through the HelloCash platform and agents network.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Thanks to these services offered, belcash has reached more than 1.4 million customers, and made it as the largest financial network in Ethiopia
  • BelCash Technology Solutions Ltd. (BCTS) was established in Ethiopia in 2011, as a registered Value-Added Service (VAS) . It'main activity is to provides its digital technology platforms to businesses as a service (PaaS).
    • ghtazi
      ghtazi on 13 Feb 21
       
      belcash was established in Ethiopia in 2011, The key task is to provide organizations with their digital technology systems as a service.
sawsanenn

Is M-Pesa really Kenyan or British? - 1 views

www.iafrikan.com/...m-pesas-origins

Financial inclusion FinTech Service Africa Kenya

shared by sawsanenn on 12 Feb 21 - No Cached
  • Hailed as the “Kenyan technology success story”, many have claimed M-PESA to be a testimony to the greatness of the East African country’s technology scene, producing world-class technology companies that rival those in South Africa. However, is the acclaimed mobile money service really Kenyan at all? The answer is no. M-PESA is British.
    • hichamachir
      hichamachir on 12 Feb 21
       
      M-Pesa can be a british company but it's becoming part of the Kenyan culture. It's not important whether it's British or Kenyan, the most important thing is that M-Pesa revolutionized the Kenyan economy and played a huge role to develop the financial industry in Kenya.
  • By any stretch of the currently available facts, the service that accounts for more than 60 percent of Kenya’s GDP in transactions was conceived by British professionals. The company commissioned with developing the idea, Sagentia, into a workable technology was British. Additionally, the company that owns the intellectual property rights to the idea, Vodafone, is British and, lastly, it was funded in its initial stages by the British Government.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      M-Pesa may be a British business, but it is becoming a part of the culture of Kenya. Whether it's British or Kenyan, the most important thing is that M-Pesa has revolutionized the Kenyan economy and played a major role in the growth of Kenya's financial sector.
  • Despite this certificate being awarded in 2012 and being stated as being in the LITERARY category, Ouko insists he is the original M-PESA innovator and further elaborates by saying that he has been “trying to Patent a Money Transfer system way back in 2003”. Even though he says that he believes many more Kenyans contributed to the innovation and development of M-PESA without recognition or reward, he writes, “Even though I currently believe I am the one, I start this with an open mind. If another person or firm comes forward with compelling proof I am ready to step aside and support that person.”
  • ...2 more annotations...
  • Nyagaka Anyona Ouko, a Kenyan from Nairobi, claims he is the innovator of M-Pesa and claims that Vodafone and its representatives stole the idea of Mobile Cash Transfer from him.
    • ghtazi
      ghtazi on 13 Feb 21
       
      there is a lot of perspectives about the fact that M-Pesa is not really a Kenyan product but a British product. Nyagaka Anyona Ouko, a Kenyan from Nairobi, claims he is the innovator of M-Pesa and accuses Vodafone of plagiarism. but the story vanished quicker than it appears.
  • By any stretch of the currently available facts, the service that accounts for more than 60 percent of Kenya’s GDP in transactions was conceived by British professionals. The company commissioned with developing the idea, Sagentia, into a workable technology was British. Additionally, the company that owns the intellectual property rights to the idea, Vodafone, is British and, lastly, it was funded in its initial stages by the British Government.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt is important because it shows how M-Pesa helped in the economic growth of Kenya. They also helped in expanding the fintech culture in the country
mehdibella

JUMO Empowers Asian And African Market With Over $2.5 Billion, Eyes Nigeria, 2 Others - 2 views

techbuild.africa/can-market-2-5-billion-nigeria

Jumo Fintech finance SouthAfrica

shared by mehdibella on 12 Feb 21 - No Cached
  • JUMO also has a mobile wallet technology that offers an easy-to-use service that is accessible via mobile devices.Watkins-Ball commented on the cost-effective technology used to collect information which strengthened the business model, He said: “When we founded JUMO, we were always clear that we can only achieve our mission by leveraging sophisticated information technologies at really low cost.
  • JUMO Empowers Asian And African Market With Over $2.5 Billion, Eyes Nigeria, 2 Others
  • JUMO is one of South Africa’s next-generation fintech companies offering emerging market entrepreneurs financial services.
  • ...5 more annotations...
  • The tech startup was built as a unique platform to help facilitate digital financial services such as credit, and savings in emerging markets, and has handed out over $1.8 billion prior to date since its founding in London in 2015.
    • mehdibella
      mehdibella on 13 Feb 21
       
      it has partnered with telecommunications companies, funders, and banks, to create accessible financial tools, and insurance products targeted at entrepreneurs in emerging markets, and also offers accessible financial services to both Asia and Africa's unbanked populations.
  • “We’re optimistic about the  possibilities in these markets and continue to see huge growth  opportunities in Africa, with the potential to replicate our successes  in other markets over the longer term.”
    • mehdibella
      mehdibella on 13 Feb 21
       
      Jumo also hopes to explore the Indian, Nigerian, and Ivorian markets in no distant future.
  • JUMO Empowers Asian And African Market With Over $2.5 Billion, Eyes Nigeria, 2 Others
  • JUMO is one of South Africa’s next-generation fintech companies offering emerging market entrepreneurs financial services.
    • samiatazi
      samiatazi on 13 Feb 21
       
      Jumo won many awards all over the worlds and grants that will help it as a company to grow and expand its business into other countries
  • The tech startup was built as a unique platform to help facilitate digital financial services such as credit, and savings in emerging markets, and has handed out over $1.8 billion prior to date since its founding in London in 2015.
  • hichamachir on 12 Feb 21
     
    I like the way that JUMO is clear about delivering a great technology with a low cost! I think that Fintechs must act based on this logic.
samiatazi

FinTech: Financial services: Industries: PwC - 0 views

www.pwc.com/...fintech-survey.html

Fintechs Media-Telecommunication Financial-services

shared by samiatazi on 13 Feb 21 - No Cached
  • The lines between financial services (FS) and technology, media and telecommunications (TMT) firms have blurred to the point that the roads are a free-for-all and previously distinct sectors are colliding. Many TMT companies are applying for FS licences, and FS organisations have begun calling themselves technology companies. Fintech, or financial technology, is at the epicentre of this transformation. The FS and TMT industries are both using it to sharpen operational efficiency, lower costs, improve customer experience and heighten the appeal of their products and services. They’re also carving out new commercial possibilities. Digital-only banks are offering redesigned client propositions and cost profiles. Investment managers are deploying fully customised robo-advice. Insurers are using sensors to monitor people’s health and help prevent illness. And according to a recent PwC survey, consumers are ready for the digital shake-up. The question is no longer whether fintech will transform FS, but which firms will apply it best and emerge as leaders.  In this year’s Global Fintech Survey, we polled more than 500 FS and TMT executives worldwide and analysed their responses. We think the winning companies will be those that not only embrace fintech-driven business models but figure out how to navigate wider and more crowded lanes with approaches that make the most of FS and TMT’s combined strengths. This report will explore the current fintech landscape, the factors that will determine the likely winners and losers in coming years, and the steps that organisations can take to put themselves in the best position to lead. 
    • samiatazi
      samiatazi on 13 Feb 21
       
      Reports from PwC: There has been a blurring of the boundaries between financial services (FS) and electronics, media and telecommunications corporations. Most TMT firms applying for the FS permits, and FS agencies have been naming themselves as technology companies. It's no longer a matter about whether fintech will switch FS, but which businesses will better leverage it to become leaders. The winning businesses will take advantage of FS and TMT firms' joint strengths.
aminej

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

www.linkedin.com/...nd-payment-technology-services

Egypt Fintech Service Payment Mobile Platform ATM Convenient

shared by aminej on 12 Feb 21 - No Cached
  • Fawry Banking and Payment Technology Services- a joint venture between HSBC, Arab African International Bank, Bank of Alexandria, EFG Hermes, Raya Holding and Fawry management)- is an electronic bill payment and presentment (EBPP) network that enables the Egyptian public to conveniently and securely pay their bills and topup their mobile phones through the various electronic channels available at banks and a network of retailers. Consumers will be able to pay their bills, buy their tickets, topup their phones and process other types of payments by seeking the service through any member bank or member retailer on the network. We link billers of all sectors to our nationwide network and integrate with them to make their bills available in electronic format
    • aminej
      aminej on 12 Feb 21
       
      I like this service a lot since it is very practical for people who work all day and who do not have time to go to different places in order to pay for their different bills. It is also convenient for people who want to order groceries but do not want to go and lose time there. They offer services that people need on a daily basis in a practical way
ayachehbouni

Prime Bank launches SimbaPay - International Money Transfer Service | Africanews - 1 views

www.africanews.com/...ational-money-transfer-service

shared by ayachehbouni on 13 Feb 21 - No Cached
  • “Through our digital platforms, we aim to make available a one stop solution to our customers in terms of funds transfer and with the inclusion of SimbaPay, our customers will now send money to friends and family across the world at the comfort of their mobile phones,” added Mr. Kantaria.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Prime Bank customers and Simbapay customers will both be able to send money to their friends and family across the world just by using their smart phone.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt appears to be useful since it shows how the partnership between SimbaPay and Prime Bank will result in an easier transfer of money between friends and family across the world and from mobile phones.
  • Through SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries in Africa, Europe, and Asia including India, United Kingdom, China (WeChat Pay), Germany, Uganda among others. Commenting on the partnership, SimbaPay’s Head of Operations Victor Karanja noted that the service will provide a seamless platform for Prime Bank’s customer base to send money abroad at the click of a button.
  • To access the service, customers will need to login to the bank’s mobile banking app – PrimeMobi, then click on International Money Transfer icon on the homescreen. After confirming the amount to be sent, the sender’s bank account will be debited and money credited to the beneficiary instantly. Transfers can also be sent from M-Pesa using a dedicated SimbaPay Prime Bank pay bill number.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects the instantaneous nature of international money transfers thanks to the Prime Mobi app (launched as a result of the partnership between SimbaPay and Prime Bank). The excerpt also reflects a partnership between SimabaPay and M-Pesa since transfers can also be done through the latter.
  • ...3 more annotations...
  • usinesses as well as Kenyans and expatriates with friends and family abroad send over $18 Billion to other African countries, Asia and Europe annually with several billi
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      SimbaPay can benefit from this 18 billion dollar of transactions to offer its services and attract more customers
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      SimbaPay is a FinTech (financial technology) award winning company that offers international digital money distribution service to African banks and mobile money companies. Mostly, the SimbaPay product needs little to no technological integration for financial institutions' implementation.
  • Prime Bank (www.Primebank.co.ke), a leading private bank in Kenya, has partnered with London-based FinTech SimbaPay (www.SimbaPay.com), to launch an instant international money transfer service via the bank’s digital platform PrimeMobi.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      I believe that, through the partnership it made, simbapay was able to reinforce and evolve its services and reach a more diversified clientele.
  • mehdi-ezzaoui on 13 Feb 21
     
    SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets.
ayachehbouni

Kenyan bank launches mobile payments service | ALB Article - 1 views

iclg.com/...unches-mobile-payments-service

shared by ayachehbouni on 13 Feb 21 - No Cached
  • The service will allow customers to send money to bank accounts and mobile wallets in 15 countries, including Uganda, the United Kingdom, India, China and Germany. SimbaPay previously set up a similar service for transfers to Asia with Kenya’s Family Bank in 2018. Africa has been among the most prominent regions for fintech development as users, banks and technology companies have bypassed traditional banking to embrace mobile banking and payment services.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      This partnership with a Uk based company shows that Africa has become the predominant region of the fintech industry. As customer, bank and technology firms have overtaken conventional banking to include mobile banking and payment services,
  • SimbaPay head of operations Victor Karanja said in a statement: “Businesses as well as Kenyans and expatriates with friends and family abroad send over USD 18 billion to other African countries, Asia and Europe annually with several billion Kenya Shillings going through the SimbaPay network.”
  • ...1 more annotation...
  • A partnership with a UK-based company will give Prime Bank customers in Kenya access to mobile payments. Nairobi-headquartered private bank Prime Bank has taken a further step into the fintech market by launching an international money transfer service, in collaboration with London-headquartered company SimbaPay.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      this service will give the possibility to customers to transfer money to bank accounts and mobile wallets in 15 countries. Once again, this is a partnership that will make simbapay's customer base increase.
  • mehdi-ezzaoui on 13 Feb 21
     
    A partnership with a UK-based company will give Prime Bank customers in Kenya access to mobile payments.
mehdibella

JUMO: Banking services in the palm of your hand | AFD - Agence Française de D... - 1 views

www.afd.fr/...anking-services-palm-your-hand

Jumo Fintech finance SouthAfrica

shared by mehdibella on 07 Feb 21 - No Cached
  • “JUMO has started to solve the problem of access to good quality financial services for people in emerging economies”, says Andrew Watkins-Bell, CEO of JUMO. “It’s unacceptable for people to have difficulties making transactions, saving or finding capital to finance their company.”
  • JUMO was set up by Andrew Watkins-Ball in 2014 in South Africa. It has grown from a team of 7 people to some 300 people in 2018, selling its products in six countries. In 2017 alone, JUMO granted 12.2 million loans to its customers all over the world.
  • “PROPARCO’s investment in JUMO – which is also our first investment in a fintech company – is a natural extension of our work to promote financial inclusion via microfinance institutions, loans to small and medium-sized enterprises – and now mobile technology”, explains Grégory Clemente, Chief Executive Officer of PROPARCO. “This project uses mobile phone technology to reach a larger number of people in a much wider area.” 
    • mehdibella
      mehdibella on 13 Feb 21
       
      the CEO explains how his investment is going to help JUMO achieve more ground with its institution as by 2019 it has granted 12.2million loans to its customers all over the world.
  • ...2 more annotations...
  • JUMO: Banking services in the palm of your hand
  • “PROPARCO’s investment in JUMO – which is also our first investment in a fintech company – is a natural extension of our work to promote financial inclusion via microfinance institutions, loans to small and medium-sized enterprises – and now mobile technology”, explains Grégory Clemente, Chief Executive Officer of PROPARCO. “This project uses mobile phone technology to reach a larger number of people in a much wider area.” 
    • samiatazi
      samiatazi on 13 Feb 21
       
      the CEO explains how his investment is going to help JUMO achieve more ground with its institution as by 2019 it has granted 12.2million loans to its customers all over the world.
  • chaimaa-rachid on 07 Feb 21
     
    It's interesting that Jumo thought about an innovative solution to facilitate the lending transactions. Jumo gives a low-cost alternative to local non-regulated lenders.
  • hichamachir on 08 Feb 21
     
    Yes! It's interesting that JUMO uses its technology in order to help people in need finance their projects.
mehdibella

JUMO reaches 15 million customers across Africa and Asia - JUMO - 0 views

www.jumo.world/...stomers-across-africa-and-asia

Jumo Fintech finance SouthAfrica

shared by mehdibella on 12 Feb 21 - No Cached
  • JUMO reaches 15 million customers across Africa and Asia
  • JUMO has disbursed over USD 1.6 billion in funding and is growing its base of savings products. “By empowering MSMEs, we’re also positively impacting communities, families and employees. Technology is removing barriers to financial inclusion making it possible to responsibly provide everyone with access to good financial choices,” Watkins-Ball added.
  • “We are working to connect every entrepreneur to the financial products they need to grow and prosper,” says Watkins-Ball. “Our technology enables our partner banks and payments companies to help millions of underserved people access financial services.”
  • ...4 more annotations...
  • JUMO, a technology company building next-generation financial services for emerging market entrepreneurs, is celebrating connecting over 15 million people to credit and savings in their six markets in Africa and Asia today.
    • mehdibella
      mehdibella on 13 Feb 21
       
      JUMO has partnered with financial service providers and mobile network operators to provide credit and savings solutions in Pakistan, Ghana, Tanzania, Uganda, Kenya and Zambia.
  • Founded in London in 2015, JUMO has partnered with financial service providers and mobile network operators to provide credit and savings solutions in Pakistan, Ghana, Tanzania, Uganda, Kenya and Zambia.
  • Andrew Watkins-Ball, Founder & Group CEO, said this milestone demonstrates JUMO’s unique ability to reach underserved entrepreneurs – over 60% of JUMO’s customers are micro, small and medium-sized enterprises (MSMEs).
  • “We are working to connect every entrepreneur to the financial products they need to grow and prosper,” says Watkins-Ball. “Our technology enables our partner banks and payments companies to help millions of underserved people access financial services.”
  • chaimaa-rachid on 12 Feb 21
     
    JUMO is celebrating interfacing more than 15 million individuals to credit and investment funds in their six business sectors in Africa and Asia today.
  • hindelquarrouti on 13 Feb 21
     
    Jumo are strategically targeting unbanked entrepreneur in order to help them become part of the consumers of the financial product, and consequently develop themselves. It initially targets low-income classes and gives them the opportunity to grow and prosper
kenza_abdelhaq

EthSwitch S.C - 0 views

ethswitch.com

Ethiopay Ethiopia Payments Ethswitch

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • 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
      kenza_abdelhaq on 13 Feb 21
       
      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.
  • kenza_abdelhaq on 13 Feb 21
     
    "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."
hichamachir

FinTech Comparative Guide - Technology - France - 0 views

www.mondaq.com/...fintech-comparative-guide

Fintech Cloud-Computing Strategy

shared by hichamachir on 13 Feb 21 - No Cached
  • Cloud computing The banking, payment and insurance industries rely heavily on the outsourcing of various operational processes to cloud computing service providers (eg, Amazon, Google and Microsoft). The increasing reliance of the European financial sector on foreign entities has recently given French and European regulators cause for concern. In 2017, the European Banking Authority (EBA) published its "Recommendations on Outsourcing to Cloud Service Providers. These recommendations were later included in the update of the EBA Guidelines on Outsourcing Arrangements (EBA/GL/2019/02), which are fully implemented at the national level by the Prudential Supervision and Resolution Authority (ACPR). The EBA guidelines require banking and financial institutions to enter into written agreements with their service providers (including cloud service providers). These agreements should notably include provisions detailing the reporting obligations of the service provider and the audit rights of the competent authorities. In practice, the main cloud service providers are reluctant to enter into agreements which comply with the requirements of the EBA guidelines. This has prompted French and European banking and financial institutions to report these issues to their regulators. This review could lead to the drafting of a European regulation or directive determining standard contractual provisions which would be mandatorily included in agreements with cloud service providers.
    • hichamachir
      hichamachir on 13 Feb 21
       
      Cloud computing is the future! I believe that Pula needs to give more importance to cloud computing. Cloud-based storage can totally be improved in Pula's digital infrastructure.
tahaemsd

Nigeria's Carbon launches its new Social Banking Service | The Fintech Times - 1 views

thefintechtimes.com/its-new-social-banking-service

banking modernization development africa carbon

shared by tahaemsd on 09 Feb 21 - No Cached
  • Nigeria’s leading digital financial services company, Carbon in an effort to improve the experience of its customers, has launched Carbon Express – A keyboard extension that allows customers to access Carbon services from within whatever app they are using.
  • Carbon Express enables users to initiate and complete transactions such as P2P transfers and bill payments from the keyboard without launching the Carbon App or leaving the current app that they are using. Instead, they will be able to access services from the touch of their keyboard enabling quicker Instagram or Whatsapp commerce.Carbon Express maintains the same PCI DSS compliant model of encryption, authentication, and security as Carbon’s other services, thereby guaranteeing the security of all transactions. The feature relies on the keyboard technology of smartphones to facilitate transactions. The technology adds a unique Carbon branded button to the customer’s smartphone keyboard which they can tap anytime to perform transactions. Think of sending an emoji but this time it’s real cash.
  • chaimaa-rachid on 09 Feb 21
     
    It seems interesting the creation of an extension that permits clients to get to Carbon services from any application they are utilizing. Sometimes we don't want to quit the application we are using. This is why Carbon created this new extension where clients will be able to complete their transactions like bill payments from the keyboard without using the Carbon application and also without being obliged to exit the current app they are utilizing.
hindelquarrouti

WorldRemit Review, Rates & Fees 2021 | Save Today | MoneyTransfers.com - 2 views

moneytransfers.com/...worldremit

Worldremit Money Transfer Fintech

shared by hindelquarrouti on 09 Feb 21 - No Cached
  • WorldRemit, like other money transfer companies, has its upsides and downsides. However, based on customer experience and forum reviews, the pros outweigh the cons. Pros Easy to Use -It takes approximately 5 minutes to sign up for an account on WorldRemit and make a transfer.Extensive Global Reach -You can send money to 150 countries on the WorldRemit platform. Irrespective of where your loved ones are, you can rely on WorldRemit to deliver the money to them in 30,000+ agent locations globally.Reasonable Fees -Compared to other money transfer services, WorldRemit charges fair transfer fees. It allows you to independently handle third party fees thereby, giving you control of your transfer.Flexible Payment Options-You can choose to pay for your transfer using a credit card, a debit card or a bank transfer.Multiple Delivery Channels-The beneficiary can receive money through bank deposits, cash pickup or mobile money.
  • Founded in 2010 in the United Kingdom by Ismail Ahmed, an economics student at the University of London, WorldRemit has grown its geographical coverage quite fast. You can now send to 150 countries around the world with thousands of well-placed payout locations. However, the company still has ground to cover in terms of partnerships with financial institutions and mobile money companies to strengthen its global footprint.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      WorldRemit is a good example of how a digitalized service should be quick and effective. The versatility of the service lets us realize that digitalization is in safe hands for the future, even though, of course, there is still a way to enhance the service.
  • WorldRemit is an online money transfer service that allows people to transfer money to their families in a secure, fast and affordable way.
  • ...1 more annotation...
  • Sending money to Somaliland Ismail’s home country was difficult. Most money transfer companies and banks charged exorbitant rates and took longer to complete transfers. Convinced that technology would help cut transaction costs and send money faster, Ismail started WorldRemit. General Payment Options Supported Currencies Support
  • hichamachir on 10 Feb 21
     
    I believe that WorldRemit is a good example of how fast and efficient a digitalized service should be. The flexibility of the service makes us understand that the future is in safe hands with digitalization even though there's always a way to improve the service of course.
  • hindelquarrouti on 13 Feb 21
     
    Worldremit is known for providing its users with affordable money transfers with fees that are often lower than average, yet the transfer is secure affordable and rapid. The main components that made the company successful
nouhaila_zaki

My PAGA - transact mobile payments; send cash via mobile; pay bills via mobile. - 0 views

www.mypaga.com/...C48866E180618E0E570B5BE493B-s1

Paga Nigeria Overview

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • We are a team of passionate Africans determined to tackle what we consider a critical issue paramount to Africas development - the availability of financial services to all Africans. Paga was founded early 2009 on the simple belief that the ubiquity of mobile phones can be leveraged to bring financial services to all Africans. We aim to accomplish our mission by working in partnership with select Banks, Microfinance institutions, and all Mobile Network Operators. Innovation is at the core of our company - we strive to develop "appropriate technology" suited for the local markets where we operate. We also work hard to ensure our services are low cost and accessible via our agent network - in doing so we can strive towards universal access. Paga works on the most basic SMS enabled phone and on all mobile networks so customers have the liberty to have their Paga account available at their finger tips regardless of what phone or network they are using. For consumers, our core offering is a money transfer service - with Paga you can send money to anyone with a mobile phone. You can either use Paga by yourself (if you own a Paga account) or by going to any Paga Agent. We also offer several other products such as: buying/sending airtime credits, bill payments, and retail payments. For ultimate convenience we provide several channels for consumers to use Paga - SMS, Online, a mobile application, USSD, or IVR (automated line). Paga Merchant Services allows businesses to collect payment from all spectrums of the population - whether banked or not. By leveraging the Paga e-widget, businesses can integrate a world class online checkout process on their own websites. Businesses can also leverage our agent network to collect payment for goods and services or provide customers the convenience of paying via SMS or online at Pagas customer portal. Our current services are the beginning of a journey. Through our innovation lab "Paga labs" and in conjunction with our partners we will continue to develop and deliver valuable offerings to our customers. Together with our partners we will achieve our mission and bring financial services within reach of millions of Africans!
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is an introductory statement of the company Paga, its operations, its goals, its customers, its core offerings, and its innovation programs.
nourserghini

BelCash Technology Solutions Plc Manager- Human Resources Jobs in Ethiopia - 0 views

www.advance-africa.com/esources-jobs-in-ethiopia.html

Belcash Origin Netherlands Ethiopia

shared by nourserghini on 13 Feb 21 - No Cached
  • BelCash Technology Solutions PLC (BelCash Ethiopia) (BCTS) is an affiliate company of BelCash International, incorporated in Netherlands, which provides Turnkey technology platforms based on the mobile phone. And other Telecom Value Added and related technological services Accordingly, it has partnered with specialized companies to provide essential services under the unique Hello Brand.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This shows that Belcash was first founded in the Netherlands for Turnkey technology in mobile phones and later expanded its activities to Addis Ababa, ethiopia.
nourserghini

BELCASH TECHNOLOGY SOLUTIONS PLC Company Profile | Addis Ababa, Ethiopia | Competitors,... - 0 views

www.dnb.com/...b477d401eb2844e7ec3ac4436.html

Belcash Location Services Ethiopia

shared by nourserghini on 13 Feb 21 - No Cached
  • BELCASH TECHNOLOGY SOLUTIONS PLC is located in Addis Ababa, Ethiopia and is part of the Information Technology Services Industry. BELCASH TECHNOLOGY SOLUTIONS PLC has 110 employees at this location and generates $12.21 million in sales (USD).
    • nourserghini
      nourserghini on 13 Feb 21
       
      Belcash is located in Addis Ababa in Ethiopia and operates in the information technology services. It generates 12.21 million dollars in sales.
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