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sawsanenn

9 Fintech Marketing Strategies You Should Try in 2021 [+Infographics] | DAP - 0 views

www.digitalauthority.me/...fintech-marketing-strategies

FinTech Financial inclusion Marketing Strategies

shared by sawsanenn on 13 Feb 21 - No Cached
  • Fintech marketing is the sum of marketing techniques specifically tailored for financial technology (‘fintech’) companies. These companies are using new technologies to improve, and ultimately, automate, the delivery and use of financial services to consumers.
    • ghtazi
      ghtazi on 13 Feb 21
       
      fintech Marketing strategies are used by companies that want to improve their use of financial services to consumers by introducing new technologies.
  • Financial services are rather dull, matter of fact aspects of our day to day life. In other words, dealing with personal finances is something we all have to do. But let’s be clear - no one will come to you with a big smile on their face and scream: “Oh my God, I had such an amazing experience opening a new savings account today.” That said, while financial technologies are boring, it doesn’t mean your marketing style should be boring as well.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      I agree with this article. Not only because it so hard to compete with normal banks since they were in the market a long time before the fintech has appeared, since they already have their customer portfolios and spent years to gain their trusts. Fintech should focus on two strategies: the marketing strategy where they can make financial services more fun but also they should consider security strategy to gain customers trusts because of cyberhacking
mehdi-ezzaoui

Ethio-Pay Celeb - 0 views

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

Ethippay

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

Ethio-Pay Celeb - 0 views

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

Ethiopay

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

SimbaPay | F6S - 0 views

www.f6s.com/simbapay

FinTech E-payments Kenya

shared by sawsanenn on 13 Feb 21 - No Cached
  • Customers can also use our bill settlement technology to pay merchants in Africa such as universities, mortgage providers, hospitals, utility companies etc. Payments are instant and we cut out the 'middle-man' thus reducing transaction costs for the customer.
  • Customers can also use our bill settlement technology to pay merchants in Africa such as universities, mortgage providers, hospitals, utility companies etc. Payments are instant and we cut out the 'middle-man' thus reducing transaction costs for the customer.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Simbapay permits its users to use their technology to pay merchants in Africa and promises an instant payment, and reduce the transaction costs.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      The excerpt is important because it provides us with an overview oof product/service offerings from SimbaPay. The main objective of SimbaPay seems to be cutting out the middle man, and reducing the transaction costs that customers used to pay for before.
  • We offer additional services to Diaspora such as opening bank accounts back home using our app. This initiative won us the Demo Africa 2015 award and has seen strong interest thus far. We are also working on offering other Diaspora services such as insurance for relatives back home and P2P lending from Diaspora to borrowers back in Africa.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it complements the previous paragraph, as it introduces another set of services offered by SimbaPay. These services targetted towards the Diaspora are core to what SimbaPay proposes to customers.
  • ...1 more annotation...
  • We let customers send money to family and friends in Africa in a fast, convenient and cheap way. Users in the UK & Europe can use our app to have money delivered instantly to mobile wallets or bank accounts of their loved ones in Africa.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      It is a good and trustworthy way to send money to Africa. the fact that they make the transaction cheap can give simbapay a competitive advantage
hindelquarrouti

WorldRemit expands to Algeria - ThePaypers - 2 views

thepaypers.com/...mit-expands-to-algeria--767440

Worldremit Algeria Fintech

shared by hindelquarrouti on 11 Feb 21 - No Cached
  • Ismail Ahmed, founder and CEO at WorldRemit, states that WorldRemit customers can send money with just a few taps on their smartphone and that the new cash pick up service in Algeria enables people in the diaspora to send money to be collected as cash at financial brands back home. WorldRemit customers currently send over 500,000 transfers every month
  • Digital money transfer service WorldRemit has launched new cash pick up services in Algeria. With the WorldRemit app or website, people in more than 50 countries can send instant money transfers to more than 125 destinations. WorldRemit customers can now send money to be collected as cash from any branch of Trust Bank Algeria.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      Nowadays, digital money transfer is a very popular enterprise. I do assume, however, that WorldRemit will face a lot of contests. Why would the idea be to pick WorldRemit and not another brand? WorldRemit has to be careful about competition and in this company it has to deal with the latest technologies.
  • Digital money transfer service WorldRemit has launched new cash pick up services in Algeria.
  • hichamachir on 11 Feb 21
     
    Digital money transfer is a very famous business nowadays. However, I do think that WorldRemit will face a lot of competitions. The idea is why choosing WorldRemit and not another brand? WorldRemit needs to be careful about competition and has to cope with the new technology in this business.
  • hindelquarrouti on 13 Feb 21
     
    Worldremit is improving customers satisfaction by introducing new services that allow instant money transfers.
mbellakbail69

South African fintech JUMO scooped up $55 million in funding - 0 views

www.businessinsider.com/d-55-million-in-funding-2020-2

shared by mbellakbail69 on 09 Feb 21 - No Cached
  • JUMO offers a wide range of services to users in emerging markets via partnerships with other financial institutions
    • nourserghini
      nourserghini on 09 Feb 21
       
      Jumo delivers services to third parties in emerging markets using partnership with other financial institutions.
  • JUMO offers financial services infrastructure to third parties and has served over 15 million customers across countries, including Ghana, Kenya, Pakistan, and Tanzania, and it plans to use the fresh capital to launch new products and expand into new markets: It's set to launch in Bangladesh, India, Côte d'Ivoire, and Nigeria soon, per its website.
    • nourserghini
      nourserghini on 09 Feb 21
       
      The article shows that Jumo specializes in financial services infrastructure to third parties. It operates in African countries such as Ghana, Kenya and Tanzania.
  • South African fintech JUMO scooped up $55 million in funding
    • nourserghini
      nourserghini on 09 Feb 21
       
      Jumo's original location is in South Africa.
  • ...8 more annotations...
  • And while JUMO is focused on serving customers in emerging markets, it should use the fresh captial to offer more consumer products, like loan products, to better close the financial inclusion gap in these regions.
  • JUMO's partners include Telenor and Telenor Microfinance Bank, with which it launched its first commercial product in Asia in 2018, and Tigo, Airtel, and MTN with which it offers short-term loans in Kenya, Zambia, and Uganda. With help of the latest funding, JUMO will be able to further boost such partnerships, and become a more dominant player in the financial services industries in emerging markets.
    • mehdibella
      mehdibella on 13 Feb 21
       
      jUMO is focused on serving customers in emerging markets, it should use the fresh captial to offer more consumer products
  • JUMO offers this technology stack to partners, including telecommunication firms and other financial institutions, to power their financial products and serve consumers via their respective platforms.
  • The fintech's technology stack includes a lending product that gives entrepreneurs quick access to funds or asset finance, and JUMO has so far disbursed over $1.8 billion in loans. It also provides savings options to clients, including short-term, structure, and long-term products, and works together with underwriters and insurers to create standalone insurance products to "safeguard incomes, families, assets, and businesses".
    • ghtazi
      ghtazi on 13 Feb 21
       
      JUMO has already distributed 1.8 billion USD loans, it gives also the possibility to its users to have savings options to clients, including short term, structure, and long-term products. The company also ensures the creation of standalone insurance products.
  • JUMO's debt and equity round included participation from both new and existing investors, like Goldman Sachs, Odey Asset Management, and Leapfrog Investments, per TechStartups.com.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects the nature of funding that Jumo secures whether through debt or equity; new or existing investors.
  • JUMO's business model of working with third parties helps it to diversify its distribution channels, and allows for quicker expansion — which is likely boosting investor interest in the fintech. To further diversify its offering, and make a bigger impact on serving the financially excluded population in emerging markets, JUMO should look into offering more consumer products, including loan options and bank accounts, as most of its offerings currently focus on serving entrepreneurs and businesses.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because first it clearly states the business model of Jumo. Then, it discusses the possibilities of (geographical) expansion and diversification of offerings (more consumer products, loan options, bank accounts etc).
  • JUMO's business model of working with third parties helps it to diversify its distribution channels, and allows for quicker expansion — which is likely boosting investor interest in the fintech. To further diversify its offering, and make a bigger impact on serving the financially excluded population in emerging markets, JUMO should look into offering more consumer products, including loan options and bank accounts, as most of its offerings currently focus on serving entrepreneurs and businesses.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt included the services that jumo offers, the business model, and some recommendation that the company should consider improving the platform
  • Additionally, only 27% of the population in Southeast Asia has a bank account, leaving a financial inclusion gap of around 438 million consumers. And we've seen fintechs that aim to close this gap attract significant investor interest in the past year: Investment in African fintechs increased by 155% from $111 million in 2018, to $283 million, while Southeast Asian fintechs saw funding surge of 69% from $588 million to $993 million over the same period, per CB Insights.
aminej

About Hello Paisa international money transfer service - 0 views

hellopaisa.co.za/about

South Africa E-payments Services Fintech Mobile Transfer Money

shared by aminej on 07 Feb 21 - No Cached
  • Hello Paisa is brought to you by the same people behind Hello Mobile – a revolutionary mobile network service provider trusted by thousands of migrants across South Africa.Our track record guarantees the safety and efficiency of every cash transaction, because we’re passionate about your peace of mind.The service we offer is 100% legal and completely secure; we’re one of just a few international companies that’s been issued with an SA Reserve Bank license to do what we do.
    • kenzabenessalah
      kenzabenessalah on 07 Feb 21
       
      When it comes to sending money overseas, people have their doubts in terms of security. This excerpt is important because it stresses the fact that it is one of the few companies that have been given the license to do what they do. Knowing so, people feel comfortable sending cash abroad.
  • hellopaisa international money transfer service allows you to send cash to countries across the world, in a manner that is fast, affordable, safe and easy to use. With hellopaisa, you can send cash instantly from South Africa and the United Kingdom to your loved ones back home.
  • When you’re living in a different country for work,the last thing you need to deal with is a complicated bank account.Introducing HelloPaisa: the fastest, easiest way to send cash to your loved ones.All you need is your phone!
    • mehdibella
      mehdibella on 08 Feb 21
       
      this technology gives the community the ability to avoid legal issues by dealing with money safely as well as secured transactions with a reduced cost up to 5%.
  • ...1 more annotation...
  • hellopaisa international money transfer service allows you to send cash to countries across the world, in a manner that is fast, affordable, safe and easy to use. With hellopaisa, you can send cash instantly from South Africa and the United Kingdom to your loved ones back home.
    • aminej
      aminej on 11 Feb 21
       
      I really like the service proposed by Hellopaisa since it is very practical for people who want to send money from anywhere in the world. It will help connect people in rural areas to the world which is good since it will reduce the number of people who are unbanked.
omarlahmidi

Belcash to Launch Online Commerce Platforms - 4 views

addisfortune.net/...unch-online-commerce-platforms

Belcash E-payments Africa

shared by omarlahmidi on 11 Feb 21 - No Cached
  • Hellomarket will be the platform used for local transactions, enabling buyers to order, deliver and pay for goods through electronic banking services. Belcash has signed an agreement with DHL Express, a Germany company, for logistics services.
  • For buyers abroad, Belcash introduced Helloshop, a platform that allows domestic products to be ordered through the firm’s portal and the payment to be processed through Mastercard Payment Gateway Services.
  • “This will make foreign currency flow through the proper channels to local banks,” said Zewdu Assefa, deputy CEO of Belcash Ethiopia. “The seller receives the Birr equivalent of the amount earned in foreign currency.”
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      BelCash introduced a platform called Helloshop that allowed payments to be processed through Mastercard. The importance of this statement is that the seller would receive the same amount as to that in foreign currency.
  • ...5 more annotations...
  • Belcash Ethiopia, a subsidiary of Netherlands-based Belcash Technology Solutions, was established in 2011. It currently is working with Lion International Bank, Cooperative Bank of Oromia, Wegagen Bank and Somali Micro Finance Institution to launch a pilot project this week.
  • Currently, 40 women from the group have received training by Belcash on how to grow brands and package products. They were also given awareness training on digital platforms.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Lack of an e-payment system, and regressive policies and regulations for financial inclusion, are the main reasons for the lack of financial technology's growth in Ethiopia. It good to see that Belcash is raising this issue by offering different solutions.
  • An expert on ICT at the Addis Abeba University for more than one and half decades appreciates that such a platform has been realised as it creates more market exposure for micro-enterprises.“In parallel to the platform, people in micro-enterprises should be trained to utilise different websites and other e-system alternatives to develop their businesses and enter markets on their own,” said Mesfin Fikre (PhD).Lack of an e-payment system, together with regressive policies and regulations for financial inclusion, are the main reasons for the lack of financial technology’s growth in Ethiopia, according to Zewdu.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article shows that Belcash's platform is providing more exposure to micro-entreprises in different sectors in effort to encourage the e-payment system in Ethiopia, which is still evolving compared to others in the continent.
  • For buyers abroad, Belcash introduced Helloshop, a platform that allows domestic products to be ordered through the firm’s portal and the payment to be processed through Mastercard Payment Gateway Services
    • ghtazi
      ghtazi on 13 Feb 21
       
      Belcash introduces a new platform named Helloshop that allows customers to put domestic products to be ordered via the company's platform and processed through Mastercard Payment Gateway Services for payment.
  • Hellomarket will be the platform used for local transactions, enabling buyers to order, deliver and pay for goods through electronic banking services. Belcash has signed an agreement with DHL Express, a Germany company, for logistics services.
    • omarlahmidi
      omarlahmidi on 13 Feb 21
       
      Belcash offer customers an online plateform to make customer's life easier
  • hindelquarrouti on 12 Feb 21
     
    Two e-commerce platforms enabled the online commercial transactions sere set by Belcash in Ethiopia. They enable transactions locally and from outside the country.
  • mehdi-ezzaoui on 13 Feb 21
     
    Belcash plan of launch Two e-commerce platforms, which will enable online commerce locally as well as allow buyers outside the country to transact in goods available domestically, are set to be launched by Belcash Ethiopia
tahaemsd

Lumkani: The little blue box that saves lives - CNN - 0 views

edition.cnn.com/...index.html

FinTech Africa Service modernization protection

shared by tahaemsd on 13 Feb 21 - No Cached
  • Funded through a government innovation agency and a successful crowdsourcing campaign, the start-up has also won several awards and grants, including best start-up in 2014's Global Innovation through Science & Technology competition.Last year, it was chosen by the International Red Cross as a provider for its Fire Sensors initiative, a project that has distributed 900 of the devices along with extensive market research.Julie Arrighi, Innovation Advisor at the American Red Cross, said that using networked heat sensors like Lumkani is crucial to mitigating the growing risk of slum fires around the world.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Lumkani's technology prevented many disasters and was successful at raising funds through government innovation agency and crowdsourcing campaign. The innovative aspect and importance of the technology received many recognitions and awards.
  • Lumkani devices are networked to each other using radio frequency, the same technology used in garage remotes. When a fire is detected, the alarm sounds in all homes within a 40 meter radius, using a different tone to signify to users when the blaze is in a separate dwelling.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      Technology used by Lumkani, the same used in garage remotes.
  • kenza_abdelhaq on 13 Feb 21
     
    "Funded through a government innovation agency and a successful crowdsourcing campaign, the start-up has also won several awards and grants, including best start-up in 2014's Global Innovation through Science & Technology competition. Last year, it was chosen by the International Red Cross as a provider for its Fire Sensors initiative, a project that has distributed 900 of the devices along with extensive market research. Julie Arrighi, Innovation Advisor at the American Red Cross, said that using networked heat sensors like Lumkani is crucial to mitigating the growing risk of slum fires around the world."
kenzabenessalah

AgroCenta | GODAN - 0 views

www.godan.info/...agrocenta

Technology platform Farm-to-market Solution

shared by kenzabenessalah on 12 Feb 21 - No Cached
  • AgroCenta is an agricultural technology platform that provides an end-to-end solution for smallholder farmers in the post-harvest value chain from farm to market, leveraging on technology to create impact. AgroCenta focuses on 4 key areas in the agricultural value chain namely market linkage, access to real time market information, access to on-demand trucks and logistics services and financial inclusion platform all targeted at the smallholder farmer
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      AgroCenta doesn't only provide access to smallholder farmers, but there's an entire process behind it. It is in charge of the logistics, the delivery system, the finances, and the real time data.
omarlahmidi

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

techcentral.co.za/...43230

Africa SnapScan E-Payments

shared by omarlahmidi on 11 Feb 21 - No Cached
  • 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
      samielbaqqali on 12 Feb 21
       
      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.
  • ...4 more annotations...
  • 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
      aymanelmamoun on 13 Feb 21
       
      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
      omarlahmidi on 13 Feb 21
       
      To attract customers, SnapScan uses many facilities such as accepting credit and debit cards.
  • hichamachir on 11 Feb 21
     
    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.
  • chaimaa-rachid on 13 Feb 21
     
    SnapScan offered a digital service. The company has created efficiency and security with its QR code techniques.
  • hindelquarrouti on 13 Feb 21
     
    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
nourserghini

Fintech Trends 2020: New Technology in Financial Services - 0 views

venture-lab.org/...chnology-in-financial-services

Fintech Strategy Technology AI-chatbots

shared by nourserghini on 13 Feb 21 - No Cached
  • AI-powered ChatbotsBanks and most of the businesses in the consumer industry have to deal with so many customer inquiries. It requires them to set up dedicated staff members or a complete call center to keep answering the questions that may not directly benefit their business. The artificial intelligence relieves the financial institutions in this hassle with modern-technology equipped chatbots. These virtual assistants are smart in understanding the user queries and providing them with the most viable answer.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Fintechs can implement AI-powered chatbots to enhance their customers' experience with their platforms and services.
mehdibella

AGROCENTA - Make-IT in Africa - 1 views

make-it-initiative.org/...agrocenta-2-2

ghana Fintech Agrocenta

shared by mehdibella on 12 Feb 21 - No Cached
  • AgroCenta is an agricultural technology platform that focuses on using technology to provide market access to smallholder farmers in Ghana. Their primary objective is to promote and facilitate fair trade for smallholder farmers in sub-Saharan Africa by connecting them directly to larger and structured markets. It thus connects them to large, medium and small businesses in order to sell to breweries, food manufacturers and processing industries without intermediaries. The different digital services the company provides in the fields are “Agro-Trade”, “Agro-Pay”, “Agro-Logistics” and “Agro-Information”. By improving the logistical process and removing exploitative buying from the value chain, smallholder farmers can sell at competitive prices and improve their financial livelihood.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      AgroCenta allows farmers to sell their crops and tools to other businesses and manufacturers in an efficient and effective process. I find it amazing how such a concept can facilitate multiple services for many players.
  • AgroCenta is an agricultural technology platform that focuses on using technology to provide market access to smallholder farmers in Ghana. Their primary objective is to promote and facilitate fair trade for smallholder farmers in sub-Saharan Africa by connecting them directly to larger and structured markets.
    • mehdibella
      mehdibella on 13 Feb 21
       
      The different digital services the company provides in the fields are "Agro-Trade", "Agro-Pay", "Agro-Logistics" and "Agro-Information" that allows the farmer to make the best out of the crop
  • By improving the logistical process and removing exploitative buying from the value chain, smallholder farmers can sell at competitive prices and improve their financial livelihood.
kenza_abdelhaq

Two African startups where inclusive fintech comes with a human touch | Accion - 0 views

www.accion.org/ntech-comes-with-a-human-touch

Lumkani South Africa Insurtech Implementation

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • In South Africa, mobile money systems are much less available than they are in Kenya, so they are not a good option for Lumkani clients to use to manage policy payments and payouts. Additionally, people in the informal settlements where Lumkani provides its services tend to be limited in both financial literacy and experience with technology, so they need information on what the insurance product is and how it works. So Lumkani relies on agents — many of whom live in the same settlements — to do face-to-face sales pitches and enrollments. The agents, however, carry smartphones with an app for setting up the new accounts. Agents also collect cash payments in person but send SMS reminders to keep clients up to date.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Lumkani adapts to local communities that are generally with limited literacy and experience with technology by relying on agents to do face-to-face pitches and assist in the installation and activation of the device.
  • kenza_abdelhaq on 13 Feb 21
     
    "In South Africa, mobile money systems are much less available than they are in Kenya, so they are not a good option for Lumkani clients to use to manage policy payments and payouts. Additionally, people in the informal settlements where Lumkani provides its services tend to be limited in both financial literacy and experience with technology, so they need information on what the insurance product is and how it works. So Lumkani relies on agents - many of whom live in the same settlements - to do face-to-face sales pitches and enrollments. The agents, however, carry smartphones with an app for setting up the new accounts. Agents also collect cash payments in person but send SMS reminders to keep clients up to date."
kenza_abdelhaq

Ethiopay Places in the Top 25 Undergraduate Teams for e-Fest - Entrepreneurship and Inn... - 3 views

www.eni.gsu.edu/...undergraduate-teams-for-e-fest

Ethiopay Ethiopia Payments Service

shared by kenza_abdelhaq on 11 Feb 21 - No Cached
  • Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethiopians. They hope to help Ethiopians in the diaspora reach individuals at home by providing seamless payments. Hadgu and Yohannes entered this year’s competition to share their innovative venture and gain exposure.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      It is important to know that EthioPay is not a service that functions only in Ethiopia, but individuals from North America and Europe are also able to help Ethiopians with their finances.
  • Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethiopians. They hope to help Ethiopians in the diaspora reach individuals at home by providing seamless payments. Hadgu and Yohannes entered this year’s competition to share their innovative venture and gain exposure.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt is important because we can see that the goal of this fintech company is to increase growth and meet customers' needs especially Ethiopian customers from all over the world. Additionally, They found a fundamental solution to several financial services issues that the Ethiopians used to face.
  • They are a centralized global payment platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between the United States and Ethiopia. Ethiopay co-founders Daniel Hadgu (B.B.A. ‘20) and Minas Yohannes (B.B.A. ‘20) are Eritrean descent while Michael Gizachew is of Ethiopian descent and they all struggled to send funds between the U.S. and their family abroad. Together they created a way to affordably and efficiently transfer money overseas.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it enumerates the different products and services covered by the Ethiopay platform, notably the transfer of cross-border bill money, money transfer, mobile data and mobile minutes between the US and Ethiopia.
  • ...1 more annotation...
  • Co-founder Daniel Hadgu states, “In my journey of understanding what it truly means to help others and become an effective leader, I have uncovered the power of innovation.”
    • ghtazi
      ghtazi on 13 Feb 21
       
      helping others is the major motto of the company. the platform allows individuals living in North America and in Europe to send payments for any bills to help their family in Ethiopia
  • mehdi-ezzaoui on 13 Feb 21
     
    "Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethi"
  • mehdi-ezzaoui on 13 Feb 21
     
    Ethiopia aims to resolve Ethiopian citizens' rising global challenges. Hadgu and Yohannes are excited to join the race next year to end in the hopes of taking home the Georgia State University and Ethiopay trophies.
mehdi-ezzaoui

Fawry plans to acquire minority stakes in 2 companies in Egypt, expand into Arab countr... - 1 views

www.egypttoday.com/...ority-stakes-in-2-companies-in

FAWRY Fintech Africa Egypt Payments acquire

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • "By the end of this year, we will have an investment or two in the companies we are studying," he clarified.    Sabry said that the company, which also operates in the UAE, has a plan to expand in the region. "During this year, we will be present in at least two Arab countries.”
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry plans to invest in one or two companies in two Arab countries as part of its expansion strategy.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces Fawry's expansion plans whether geographically (in the Arab region) or in terms of companies acquires (investment in other companies, here 2).
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Fawry is planning on taking its fintech to the next level by acquiring two companies this year. The goal is to be present in at least two different arab countries, and I believe it is an interesting strategy to grow more in the MENA region.
  • Fawry’s CEO pointed out that the company, which invests about LE 120 million annually in developing its technologies, focuses more on increasing its investments in banking services, mobile devices and commercial chains.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry investing in diversifying its services to include banking services, mobile devices, and commercial chains.
  • In August 2020,  Fawry became a Unicorn officially, Fawry’s former Managing Director Mohamed Okasha announced on his LinkedIn account, clarifying that the company’s market capitalization hit $1 billion.   A unicorn is a business term to indicate a privately held startup company valued at over $1 billion.   Fawry is the first Egyptian company to reach a market cap of $1 billion.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry is the first Egyptian company to reach a market capitalization of $1 billion and officially become a unicorn.
  • ...2 more annotations...
  • Fawry, currently owned by five local, foreign and Arab funds, was established in 2009 and is operating in the field of banking technology and provides financial services to individuals and companies. The management and employees account for about 8 percent of the company's shares.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects the structure of equity and ownership in Fawry. Indeed, it explains that management and employees of Fawry account for 8% of the company's shares.
  • Fawry offered 36 percent of its shares on the Egyptian Exchange (EGX) in 2019 to collect LE 1.6 billion; of which about 21 percent will be offered to Actis, Banque Misr and National Bank of Egypt at 7 percent each.The remaining 15 percent is divided into a public offering of small investors by about 5 percent, and 10 percent are floated to financial institutions and major investors.
  • kenza_abdelhaq on 13 Feb 21
     
    ""By the end of this year, we will have an investment or two in the companies we are studying," he clarified.    Sabry said that the company, which also operates in the UAE, has a plan to expand in the region. "During this year, we will be present in at least two Arab countries.""
  • ...1 more comment...
  • nouhaila_zaki on 13 Feb 21
     
    ""By the end of this year, we will have an investment or two in the companies we are studying," he clarified.    Sabry said that the company, which also operates in the UAE, has a plan to expand in the region. "During this year, we will be present in at least two Arab countries.""
  • hibaerrai on 13 Feb 21
     
    ""By the end of this year, we will have an investment or two in the companies we are studying," he clarified.    Sabry said that the company, which also operates in the UAE, has a plan to expand in the region. "During this year, we will be present in at least two Arab countries.""
  • mehdi-ezzaoui on 13 Feb 21
     
    Fawry for banking and electronic payments technology plans to acquire minority stakes in a company or at least two during the current year in addition to expanding in a number of Arab countries, according to the company's founder and CEO Ashraf Sabry
kenzabenessalah

FarmDrive: Connecting farmers to financing | Mercy Corps - 0 views

www.mercycorps.org/...farmdrive

FarmDrive SocioCultural Economic Funding Farmers

shared by kenzabenessalah on 12 Feb 21 - No Cached
  • While financial inclusion in the country has increased, many farmers remain excluded. Limited financing for farmers is due, in part, to a lack of available credible risk-assessment information for financial institutions. Many small farmers are unbanked and off the financial grid, without credit profiles to verify or back up details on their annual income, business expenses or yields.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Without thiis information, farmers are left with little to no access to financial services, while lenders miss out on the opportunity to build their client base and agricultural loan portfolios.
  • FarmDrive generates real-time credit reports for small farmers, allowing them to access loans from financial institutions and agricultural input providers via mobile phone. 
  • FarmDrive collects expense and revenue data from farmers via SMS and combines it with satellite imaging, remote sensing technology and alternative data points (e.g., soil analysis, weather forecasts) to create detailed yield estimates and assess credit risk.
  • ...5 more annotations...
  • FarmDrive overlaps our focus areas of agriculture and financial inclusion, empowering the world’s most vulnerable farmers with the digital financial services they need to strengthen and improve their livelihoods. 
    • mehdibella
      mehdibella on 13 Feb 21
       
      FarmDrive collects expense and revenue data from farmers and combines it with satellite imaging, remote sensing technology and alternative data points to create detailed yield estimates and assess credit risk.
  • We’ve connected FarmDrive to various partners and expertise to help them scale, as its usage increases in other developing markets in sub-Saharan Africa. 
  • Reports allow credit providers to make informed lending decisions and easily reach rural clients, expanding access to financing for small farmers. As a result, farmers have greater control over their livelihoods – equipped with what they need to increase their crop yields, improve their incomes and invest their additional revenue back into their families and communities.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      FarmDrive collects data from farmers using different technologies which allows the company to generate farmers' credit reports which allow loan providers to make informed decisions and therefore give more access to financing to small farmers.
  • Since, FarmDrive has reached hundreds of farmers with its suite of financial services, credit reports and financing options, with a particular focus on serving women and youth farmers typically neglected by the formal financial system.
    • kenzabenessalah
      kenzabenessalah on 16 Feb 21
       
      The focus that FarmDrive has on serving women is essential to keep in mind. We must dig deep as to why they are being neglected by the financial system and make sure that they never get fooled by them in the future.
  • In Kenya, most small farmers — around 7.5 million — lack access to small loans to help them buy what they need to improve their production and make the most of their land – things like quality fertilizers, better seeds, livestock and micro-irrigation.  
    • kenzabenessalah
      kenzabenessalah on 16 Feb 21
       
      Knowing the percentage of the population who do not own bank accounts as well as the percentages of loans that others have access to is a must to help improve the economic situation in Kenya. Such details, like interest rate, etc. are essential in helping people construct a well structured economic strategy so that all Kenyans benefit from these financial services and never fall back again.
kenzabenessalah

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

www.linkedin.com/...about

Banking Channels Efficiency

shared by kenzabenessalah on 13 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.
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      This service has helped the Egyptian community secure their bills through new electronic channels that weren't present before.
ghtazi

Money transfer group Mukuru acquires fintech Zoona's assets in Malawi - Ventureburn - 0 views

ventureburn.com/...-acquires-zoonas-malawi-assets

Malawi Mukuru Fintech Zoona

shared by ghtazi on 13 Feb 21 - No Cached
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      These excerpts are important because they show how operations of Mukuru and Zoona Malawi will be changing due to the acquisition of the latter by the former. It also reflects how Mukuru expands geographically (here in Malawi) but also in terms of capabilities and assets (i.e. agents from Zoona).
  • In a statement yesterday Mukuru CEO Andy Jury said the acquisition will extend Mukuru’s African footprint deep into the urban and rural areas cross Malawi. “This acquisition will bring the benefits of our extensive products and cutting-edge technology to the citizens of Malawi – giving them better options and safe mechanisms to send money to loved ones and ultimately uplift their communities,” he said. Following the acquisition, Zoona Malawi’s agents will operate as Mukuru agents benefiting from a wider product range to offer customers backed by Mukuru’s trusted and established brand name. In addition, agents will benefit from being part of the Southern African Development Corporation (SADC) regional network, increasing their regional exposure and potentially boosting earnings over time.
  • Mukuru, one of the largest international money operators and remittance companies in Africa, has confirmed that it has acquired Zoona’s operational assets in Malawi along with the technology systems that support its Malawian operations.
  • ...3 more annotations...
  • Zoona, which has worked with Mukuru for four years as a partner, is an Africa-based fintech that enables entrepreneurs to bring safe and reliable financial services to underserved communities in Malawi and elsewhere.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Mukuru acquired Zoona Fintech assets and took over Malawi's online financial services. it is making its place among the popular remittance companies in Africa.
  • Zoona, which has worked with Mukuru for four years as a partner, is an Africa-based fintech that enables entrepreneurs to bring safe and reliable financial services to underserved communities in Malawi and elsewhere.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Acquiring zoona is a good step for mukura to expand its capital but also acquiring zoona's customer portfolio
  • Zoona, which has worked with Mukuru for four years as a partner, is an Africa-based fintech that enables entrepreneurs to bring safe and reliable financial services to underserved communities in Malawi and elsewhere.
    • ghtazi
      ghtazi on 13 Feb 21
       
      working with Zoona is great for Mukuru it will add more safety and reliable financial services that will be beneficial for Malawi and elsewhere
kaoutarchennoufi

SmartelMoney | Products & Services - 0 views

smartelmoney.com/products-services

CustomerBase Wide LoyalCustomers WoM

shared by kaoutarchennoufi on 10 Feb 21 - No Cached
  • Smartel Money customer base comprises banked and unbanked people and societies, insurance, retail grocery, retail clothing, retail cell phone services, utility services etc. We aim to provide to individuals, institutions, organizations, multi-industry sectors and governments with the cutting edge, fresh and innovative financial management system in this ever changing world.
    • sawsanenn
      sawsanenn on 10 Feb 21
       
      the benefits of using the application include; that business people will get new customers and widens the reach of their market base as it will be very easy to pay or receive cash conveniently.
  • Are acronyms for the Smartel Money Point of sales system and the Smartel Money Mobile point of sales systems respectively. These are the application systemsthat have access an access to the Smartel Money central engine. The sPOS runs on the normal desktop or a laptop computer, This system is connected to the Smartel Money central system, this system is used by the stationery merchants such as the grocers and has the capacity to parse smartel money as a payment instrument. The merchant may also chose to have the ERP linked to their sPOS. The smPOS is meant for the non-stationery merchant, as it runs on a mobile platform that is the iOS and android OS. Both the sPOS and the smPOS can use the CPEM and the security code scanning/tagging parsing technologies.
    • aminej
      aminej on 12 Feb 21
       
      They also thought about everything when it comes to safety measures since it is very important to comfort people that their money are in safe hands. Indeed, these measures are important to take in order to avoid a leak of information which could cause many issues to the Fintech
  • Smartel Money customer base comprises banked and unbanked people and societies, insurance, retail grocery, retail clothing, retail cell phone services, utility services etc. We aim to provide to individuals, institutions, organizations, multi-industry sectors and governments with the cutting edge, fresh and innovative financial management system in this ever changing world.
    • kaoutarchennoufi
      kaoutarchennoufi on 12 Feb 21
       
      Another added value of Smartelmoney , is that it has a wide customer base including banked and unbanked people in addition to other organizations. I believe that this large customer will gives the organization a better chance of reaching out to more people and expanding the base. Loyal customers are always effective in spreading a good word of mouth which will eventually attract more customers.
  • ghtazi on 10 Feb 21
     
    It will also help them to improve their brand image as they will be able to market their businesses by advising clients with the easy way of paying and receiving money..
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