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mbellakbail69

Egyptian digital payment firm Fawry sets IPO price at 6.46 Egyptian pounds - 0 views

finance.yahoo.com/...ment-firm-fawry-152846004.html

shared by mbellakbail69 on 13 Feb 21 - No Cached
  • Fawry's network processed 600.1 million transactions last year with a total value of 34.2 billion Egyptian pounds ($2.1 billion), EFG Hermes said in its statement.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      Egyptian digital payment company Fawry has set the price for its initial public offering (IPO) at 6.46 Egyptian pounds ($0.3906)
mehdibella

EWB Canada announces new investment in Kenyan fintech startup FarmDrive - Ventureburn - 0 views

ventureburn.com/...wb-canada-investment-farmdrive

Fintech Farmdrive kenya

shared by mehdibella on 12 Feb 21 - No Cached
  • The startup aim to deliver productive digital loans and lay away savings products to smallholder farmers and EWB Canada said the investment will allow the startup to scale to $13 million of loan
  • EWB Canada’s acting director of investments Elena Haba said the startup has the potential to fill the credit gap between creditors and underserved small business owners like smallholder farmers.
  • FarmDrive’s Bosire said the startup intends to create shared value by increasing agriculture portfolios in Africa from its current four percent of total lending to 25% and onwards.Said Bosire: “We are going where banks haven’t reached and are creating a trust ecosystem in the most unstructured sector in sub Saharan Africa – Agriculture”.
    • mehdibella
      mehdibella on 13 Feb 21
       
      The startup aim to deliver productive digital loans and lay away savings products to smallholder farmers and EWB Canada said the investment will allow the startup to scale to $13 million of loan
  • ...1 more annotation...
  • Kenyan fintech FarmDrive has received a new investment from Engineers Without Borders Canada (EWB Canada). It follows a $50 000 investment the startup received from EWB Canada and others in 2016 and an undisclosed investment by Safaricom’s Spark Venture Fund in 2017.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      I believe that it is amazing having investors from around the world supporting FarmDrive. Promoting these kinds of fintechs will help in creating more specialized ones, and I believe that it is necessary.
mehdibella

GSMA | Meet our portfolio start-ups: AgroCenta, Ghana | Mobile for Development - 0 views

www.gsma.com/...olio-start-ups-agrocenta-ghana

ghana Fintech Agrocenta

shared by mehdibella on 12 Feb 21 - No Cached
  • The start-up provides access to truck delivery services and real-time market information via SMS and IVR. Building on this platform, AgroCenta now enables farmers to receive mobile money, build their credit score and access financial services (like crop insurance) through its latest mobile product, AgroPay.
  • In a country where agriculture is the primary economic occupation of many — employing 52 per cent of Ghana’s labour force — the AgriTech start-up launched AgroTrade, an online platform that connects smallholder farmers in the staple food value chain to a wider online market.
    • nouhaila_zaki
      nouhaila_zaki on 12 Feb 21
       
      This excerpt is important because it reflects the importance of agriculture in Ghana, and which products/services offered by AgroCenta serve to do: AgroTrade connects smallholder farmers to a wider online market & AgroPay allows farmers to receive money, build their credit score and access financial services i.e. crop insurance through their mobile phones.
  • In Ghana, AgroCenta has set up a mobile money API integration partnership with MTN and Vodafone to pay smallholder farmers directly and seamlessly via mobile money through its AgroPay platform.
    • nouhaila_zaki
      nouhaila_zaki on 12 Feb 21
       
      This part reflects the collaborations engaged by AgroCenta with mobile operators MTN and Vodafone to support financial literacy and facilitate the transfer of mobile money.
  • ...5 more annotations...
  • Both mobile operators will also be supporting AgroCenta farmers with financial literacy training on-the-ground. AgroCenta has also strengthened its partnership with Vodafone Ghana to allow smallholder farmers on its platform to access free voice calls between farmers and discounted mobile devices and bundles
  • Both mobile operators will also be supporting AgroCenta farmers with financial literacy training on-the-ground. AgroCenta has also strengthened its partnership with Vodafone Ghana to allow smallholder farmers on its platform to access free voice calls between farmers and discounted mobile devices and bundles
  • Through this partnership, Vodafone Ghana can liaise with the AgroCenta team to onboard AgroCenta farmers on its Small Office/Home Office (SoHo) packages.
    • mehdibella
      mehdibella on 13 Feb 21
       
      As of July 2019, AgroCenta had registered 46,100 smallholder farmers on the AgroTrade platform across four regions and 640 communities.
  • As of July 2019, AgroCenta had registered 46,100 smallholder farmers on the AgroTrade platform across four regions and 640 communities.
  • lack of access to structured markets, which leaves them at the mercy of predatory brokers or middlemen who buy at exploitative prices, and lack of access to finance, which means they may never move beyond smallholder farming to middle-level or even commercial farming.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      The inability of smallholder farmers to access markets pushes them to sell to middlemen with exploitative prices and the incapacity to get loans also prevents these farmers to grow.
  • kenza_abdelhaq on 13 Feb 21
     
    "lack of access to structured markets, which leaves them at the mercy of predatory brokers or middlemen who buy at exploitative prices, and lack of access to finance, which means they may never move beyond smallholder farming to middle-level or even commercial farming."
mehdibella

Mobile payment app for cardless transactions | SnapScan - 0 views

www.snapscan.co.za/user.html

Fintech finance SouthAfrica snapscan

shared by mehdibella on 13 Feb 21 - No Cached
  • DonateSupport the causes close to your heart. You can make a once-off donation, and even elect to repeat your donation, turning it into an ongoing, monthly contribution. Have a look at the organisations in the Donate section of the app. Quick and easy way to support a cause Set up a monthly payment to make a long term difference Stay in control, you can view or cancel the contribution at any time
    • samiatazi
      samiatazi on 13 Feb 21
       
      I find it interesting to put Donate section in the platform first page because contributing to the support of the community would enhance the public image of the brand ! So Fintechs can still keep the original values of the companies while going digital.
  • SnapScan is an app that lets you pay with your phone quickly, easily, and safely. Your SnapScan app uses your phone's camera to scan a SnapCode (a unique QR code). Stores have their own SnapCodes, and scanning these codes allows you to pay them. SnapScan is free to use and works with any South African bank, and most international credit cards.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      With snapscan, people can pay in a snap, without the fuss of handling cash, cards or EFTs.
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      SnapScan allows people to pay with a simple scan using a QR code rather than using real cash. This is useful in today's world, especially with the pandemic.
  • Our scan to pay feature is definitely our most loved solution, but we're evolving into so much more because we can't stop making your lives easier. With SnapScan you can pay in a snap, without the fuss of handling cash, cards, or EFTs.
    • mehdibella
      mehdibella on 13 Feb 21
       
      This article points out that the business idea of Snapscan arrised from a simple discussion between a magazine seller and a cashless buyer, now it is one of the biggest Fintechs in Africa. indeed, We should believe in our potential to change others' life.
  • ...3 more annotations...
  • What is SnapScan?
  • Your SnapScan app uses your phone's camera to scan a SnapCode (a unique QR code). Stores have their own SnapCodes, and scanning these codes allows you to pay them. SnapScan is free to use and works with any South African bank, and most international credit cards.
  • SnapScan pay links A SnapScan merchant can send you a pay link via SMS or email, which allows you to skip the whole scanning bit altogether, once you tap the link it takes you directly to the pay screen of your app. In-app purchases Take a look inside your SnapScan app. You’ll notice there’s a Prepaid section for airtime, data, and electricity, as well as a section to pay your bills, pay for parking, and donate to the causes close to your heart.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      As an alternative to QR code scanning, SnapScan also allows payments to be done through links that take the user directly yo the pay screen of the app or the "In-app" purchases
  • kenzabenessalah on 13 Feb 21
     
    "loved "
  • hindelquarrouti on 13 Feb 21
     
    There is no doubt that Snapscan has expanded as it strategically covers different area of daily life. From bills payments to donations and sending money. Especially, it has helped customers in avoiding entering their information in different websites, using Snapscan is enough.
hibaerrai

Niche Market: What Is It? - 0 views

www.thebalancesmb.com/efinition-for-business-2947188

Fintech Strategy Niche Digital Target

shared by hibaerrai on 13 Feb 21 - No Cached
  • A niche market is a segment of a larger market that has its own demands and preferences. Companies focus on niche markets to better cater to a specific consumer than competitors who target a broad audience. Catering to the unique demands that mainstream providers aren't addressing, businesses pursue niche markets to build loyalty and revenue with a largely-overlooked audience. For example, rather than offering a general cleaning service, an entrepreneur might pursue a niche by offering floor polishing services exclusively. Another business in the same city might occupy a separate niche, specializing in solely biodegradable cleaning products. 
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Niche strategy: Helps knowing exactly what customers and what services we are dealing with for better decision making.
mehdi-ezzaoui

Pricing Decisions of FinTech Firms by Michael Neubert :: SSRN - 0 views

papers.ssrn.com/...papers.cfm

Fintech pricng firms

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • The purpose of this study is to analyze the pricing strategies of French FinTech Firms (FFFs) using quantitative descriptive and correlational research methods. Based on a representative sample of 246 FFF, the study provided consistent support for the hypotheses, which argues that FFFs with high price-setting power may implement a combination of the price-setting strategy (PSS) “skimming” and the price-setting practice (PSP) “value-informed”. FFFs applying “market-based” PSSs tend to use “competition-informed” PSP preferring “pay-per-use” price-setting model (PSM). Whilst FFFs who apply “penetration” PSS tend to use “cost-informed” PSP and “pay-per-use” PSM. The findings support founders and senior management in their pricing decisions. This paper contributes to the existing literature on pricing strategies of early-stage high-tech companies. There is a need for further research about the change of pricing strategies during the lifecycle of a firm using for example a longitudinal quantitative study.
  • mehdi-ezzaoui on 13 Feb 21
     
    pricing strategy
mohammed_ab

Creating a Strategy for the New FinTech Ecosystem - Belatrix Software - 0 views

www.belatrixsf.com/...creating-strategy-fintech

Fintech Strategy M-Pesa Alliances

shared by mohammed_ab on 13 Feb 21 - No Cached
  • 1. Millennials squared – a parable of a digital wallet and beer moneyEarlier this year Sam Crowder stood up at a televised baseball game, and held a sign asking his Mum to send him “beer money”. He included his Venmo account information. Thousands of people sent him money, as his sign went viral. Beyond sharing this story as advice in case you ́re ever thirsty and leave your wallet at home, what it reflects is how the use of new technologies may start with digital natives, but then rapidly spread to other generations. It reflects the inter-generational adoption of, and use of, FinTech technologies.So, when looking at the potential of new services, it is important not just to consider the young people who will adopt it. But what will happen when they introduce the technology to their friends and family. Millennials are the earthquake that shakes companies, and adopt new tech and services at lightning speed. The rest of us are the tsunami of adoption that follows and lead to exponential growth.
  • 2. Facebook, Amazon, Google or Ant Financial will become the largest retail bank in the worldIt’s 2020 and to apply for a loan, instead of going to your local bank branch, you quickly ask Facebook for approval. This is far from fanciful thinking. Even as of today, PayPal is arguably one of the largest retail banks — it has more money in deposits than all but the largest 20 US banks, and offers services from payments, to loans and credit cards (albeit currently via partners). But we believe that one of the major tech companies, whether that is Facebook, Amazon, Google, or Ant Financial (the financial arm of Alibaba) will not only transform retail banking, but rapidly become the largest retail bank in the world.“Some bankers and analyststhink that Google, Facebook, Amazon or the like will not fully enter a highly regulated, low-margin business such as banking. I disagree. What is more, I think banks that are not prepared for such new competitors face certain death”Francisco González, CEO, BBVA
  • hese major tech companies have the platform and the scale to upend retail banking. They already have a digital wallet which underlies the services that enable users to buy and sell on their platforms, such as Google Wallet and Amazon Payments. Facebook Messenger Pay is already available in the US while it recently received an e-money license from the Central Bank of Ireland. This means European users will be able to store and transfer money, and make online purchases. The transition to becoming the largest retail bank in the world will be swift and brutal for traditional banks.
  • ...7 more annotations...
  • 3. Regulators finally make the pivot to supporting the FinTech ecosystemBitX, a bitcoin startup in Singapore, was looking to enter the UK and European markets. Instead of having an arduous journey gaining the required licenses and approvals as it would have expected in the past, BitX was accepted into the regulatory sandbox of the UK’s Financial Conduct Authority. This enabled it to test its services and build its product with the backing of the regulator. This kind of thinking reflects how in the past few years we have seen regulators move from hindering innovation and new services, to proactively supporting and strengthening the FinTech ecosystem.It is a challenging line to take, particularly in the
  • world of finance – to help create the framework and environment for innovation, while also protecting consumers and businesses. However, increasingly we see regulators getting this blend right.For example, the European Union’s Directive on Payment Services (PSD2) will create an EU-wide single market for payments. This will drive new opportunities and innovation in the payment sector, because it will force financial institutions to provide secure access for a third-party service provider to a customer’s online account. Meanwhile, we have seen regulatory sandboxes emerge not just in the UK, but in locations from Singapore to Australia. The US Treasury meanwhile recently announced it will start issuing special purpose national bank charters to FinTech companies.In the future, expect to see the emergence of “RegTech”. This will enable real-time interaction and analysis between regulators and financial institutions. Indeed, thi
  • ch as in New York, London or Singapore. So, although the UK dominates the world of fintech (generating an estimated £6.6billion in FinTech related revenue), leading organizations are looking for inspiration among the innovative services, products and ideas being created from Guadalajara, to Laos, to Kenya.In many cases we can see that the unique financial environment of these locations is resulting in novel ideas. For example, Guadalajara based start-up Kueski uses a person’s digital footprint to assess their credit worthiness – a particular challenge in Mexico where credit is not available to large swathes of the population. In Latin America Tigo Cash is a mobile financial service which already handles more cash than many financial institutions in the region. We will see markets and services emerging which are currently not on anyone’s map, and become some of the most important financial organizations in the world.
    • samiatazi
      samiatazi on 13 Feb 21
       
      this article points out 4 expectations for the fate of FinTech and Financial services. However, I think that the most interesting one is the last one which states that The effect of FinTech advancement is frequently made and experienced outside the usual Hub of Finance, for example, New York, London or Singapore. Giant Companies are searching for inspiration among innovative and creative products, items and thoughts being made from Guadalajara, to Laos, to Kenya. I really like this part too, stating that We will see markets and administrations arising which are as of now not on anybody's guide, and become the absolute most significant Fintechs on the planet.
  • software platform between itself and the banks, so it can view and analyze information in real-time.4. Look beyond the hubs to find innovative ideasAcross Kenya, mobile money has become ubiquitous – being used by at least one person in 96% of Kenyan households. But what is the real impact of mobile money in such countries? One study estimated that M-PESA, the Kenyan mobile money system which enables money to be stored on a phone and be sent via text, has helped lift 2% of Kenyan households out of poverty.What this example demonstrates is that the impact of FinTech innovation is often created and experienced outside of the usual hubs of finance su
  • In the past few years we have seen the rapid evolution of FinTech from generating novel ideas which solve customer problems, to offering core financial services. We have seen the shift from digital startups, characterized by a lack of financial wherewithal and which operated on the edge of tightly regulated markets, to the emergence of mature financial digital organizations at the heart of the traditional financial world.We can describe the development and maturing of FinTech in 3 main waves:The early emergence of digital startups helping consumers. Originally FinTech solutions were the preserve of B2C markets which solved specific customer problems such as offering home loans faster and easier. They used new technologies such as mobile and cloud computing, and were characterized by a laser focus on the customer with all the hall-marks of a digital Silicon-Valley style start-up.Transition to B2B markets. Today FinTech plays a role at the core of B2B innovation in financial markets, and industry observers widely expect B2B FinTech revenues to dwarf those in consumer markets within the next couple of years. Organizations such as Currency Cloud (cross border B2B payments), Payoneer Escrow (escrow services), and Hummingbill (B2B invoice platform) all reflect a maturing industry.The creation of an ecosystem between FinTech and traditional players. FinTech organizations are realizing that the required go-to-market investment, economies of scale, and regulatory needs, means it makes sense to partner with traditional financial institutions. On the other side, established players recognize the value, innovation and potential of FinTech in a world which is increasingly mobile-first. These financial institutions are also adopting many of the methods that FinTechs use so successfully, from a focus on the customer, to using Agile software development, to holding hackathons, and forming accelerators and innovation programs.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt is important because it shows the three waves that each fintech companies go through. Currently, most companies are still in b2b markets which an new innovative role in the financial markets; howver, not all companies are doing the same thing. Some of them still need a real bank ( Not virtual) to make transactions and don't trust softwares.
  • ch as in New York, London or Singapore. So, although the UK dominates the world of fintech (generating an estimated £6.6billion in FinTech related revenue), leading organizations are looking for inspiration among the innovative services, products and ideas being created from Guadalajara, to Laos, to Kenya.In many cases we can see that the unique financial environment of these locations is resulting in novel ideas. For example, Guadalajara based start-up Kueski uses a person’s digital footprint to assess their credit worthiness – a particular challenge in Mexico where credit is not available to large swathes of the population. In Latin America Tigo Cash is a mobile financial service which already handles more cash than many financial institutions in the region. We will see markets and services emerging which are currently not on anyone’s map, and become some of the most important financial organizations in the world.
    • ghtazi
      ghtazi on 13 Feb 21
       
      What this example shows is that beyond the usual finance hubs, such as in New York, London, or Singapore, the influence of FinTech innovation is also generated and experienced.
  • It’s 2020 and to apply for a loan, instead of going to your local bank branch, you quickly ask Facebook for approval. This is far from fanciful thinking. Even as of today, PayPal is arguably one of the largest retail banks — it has more money in deposits than all but the largest 20 US banks, and offers services from payments, to loans and credit cards (albeit currently via partners). But we believe that one of the major tech companies, whether that is Facebook, Amazon, Google, or Ant Financial (the financial arm of Alibaba) will not only transform retail banking, but rapidly become the largest retail bank in the world.
  • mohammed_ab on 13 Feb 21
     
    This article explains how the big e-commerce giant Amazon and the dominant social media platforms will become the largest retail banks in the future. I think that M-Pesa could benefit from strategic alliances or partnerships with these big giants.
omarlahmidi

Cassava starch in the Brazilian food industry - 0 views

www.scielo.br/scielo.php

Cassava Africa Food_Industry

shared by omarlahmidi on 14 Feb 21 - No Cached
  • Cassava starch is a valued raw material for producing many kinds of modified starches for food applications. Its physicochemical properties, as well as its availability, have made it an interesting and challenging ingredient for the food industry. In the present work, food grade modified cassava starches were purchased from producers and analyzed for selected physicochemical characteristics.
    • omarlahmidi
      omarlahmidi on 14 Feb 21
       
      Cassava is an interesting ingredient for the food industry.
samielbaqqali

EBRD helps regional Fintech champion TPAY MOBILE expand in Turkey - 0 views

www.ebrd.com/...y-mobile-expand-in-turkey.html

Card-based transactions Bills Coronavirus

shared by samielbaqqali on 11 Feb 21 - No Cached
  • An alternative to bank card-based transactions, direct carrier and direct wallet billing offered by TPAY MOBILE allows users to make purchases by charging payments to their mobile phone carrier bills or pre-paid airtime balance, as well as wallet stored value. Such cashless payments have become even more popular with the onset of the coronavirus pandemic as consumers increase their digital spending while facing restrictions on leaving their homes.
  • samielbaqqali on 11 Feb 21
     
    This services has always been beneficial for the users, but in the coronavirus pandemic, it has become more popular and more used and also internationally helped the brand's name.
hichamachir

Contributions and challenges in the struggle to end poverty: the case of Kiva: Informat... - 0 views

www.tandfonline.com/...02681102.2016.1233856

Kiva Challenges MicroFinance Kenya

shared by hichamachir on 12 Feb 21 - No Cached
  • We briefly examine some literature that challenges the received view on the overall value of microfinance and consider some implications for Kiva and conclude by noting that in the current market, Kiva will need to draw on its corporate history of innovation if it hopes to maintain its position of leadership in the face of new organizations like Acumen Fund and One Acre Fund that take different routes to the same goal of reducing poverty.
  • hichamachir on 12 Feb 21
     
    Kiva needs to be careful with competition. I believe that Kiva can play it smart if they target a segment that helps to gain customers trust like social projects that help poor people.
kenzabenessalah

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

agrocenta.com

Harvest Monitor Efficiency

shared by kenzabenessalah on 12 Feb 21 - No Cached
  • AgroTrade makes managing pre-harvest and post harvest activities a breeze. It is effortless monitoring farmers activities right from planting till when commodities get to the warehouses of off-takers.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      What's interesting about AfroTrade is that it minimizes the need for physical contact, which is beneficial for what's going on in the world right now.
ghtazi

Home | WorldCover Insurance - 0 views

www.worldcovr.com

WorldCover weather CropAssure Insurance

shared by ghtazi on 08 Feb 21 - No Cached
  • Tailored Insurance For Almond FarmersWe have applied our argonomic modeling expertise to develop a specialty product focused on protecting almond growers against increasingly unpredictable weather patterns. Either as an alternative or supplement to your existing insurance, CropAssure Almond provides easy to understand policies, and pays out automatically when your covered risks occur.
    • ghtazi
      ghtazi on 08 Feb 21
       
      in this article, it shows that the company wants to help high-value crop growers manage their financial risk to climate change, unpredictable weather, and natural disasters. WorldCover's product vision is for commercial farmers to experience parametric insurance in a way that is easy to understand (simple), engenders trust (transparent), and fits them well at any size (tailored).
hichamachir

Fawry joins the billionaires - Economy - Al-Ahram Weekly - Ahram Online - 0 views

english.ahram.org.eg/...ry-joins-the-billionaires.aspx

Fawry Billionaires Egypt

shared by hichamachir on 12 Feb 21 - No Cached
  • The digital transformation and e-payments company Fawry became the first listed tech company in Egypt with a market capitalisation of $1 billion last week. At the end of trading on 17 August, the market value of the company had jumped to LE15.56 billion (around $1 billion), meaning it is now rubbing shoulders with the likes of CIB (Egypt), QNB Al-Ahli, the Eastern Company, the Abu Qir Fertilisers Company, Telecom Egypt, and Al-Sewedy Electric in the EGX index billionaires’ club.
  • hichamachir on 12 Feb 21
     
    Fawry is a big sucess in Egypt. This business is going to inspire many startups to believe in digital business because it's the future. The fintech market is going to offer us many opportunities that can change our lives.
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..
mohammed_ab

MTN Group furthers financial inclusion - MTN Group - 0 views

www.mtn.com/p-furthers-financial-inclusion

MTN Financial inclusion Fintech

shared by mohammed_ab on 12 Feb 21 - No Cached
  • Initially designed to facilitate the transfer of cash between mobile users, MTN’s MoMo offering is now much broader. The group works with numerous partners to offer services including loans, insurance, remittances and MoMo Pay, enabling customers to store money in their mobile wallets with which they can then pay for goods or services at registered merchants. Mobile money services have grown faster in Africa than anywhere else in the world. In 2020, the trend has quickened, and the value of transactions has increased, partly supported by MTN’s reduction in MoMo transaction fees in many operations to assist customers battling the impacts of the pandemic.
  • mohammed_ab on 12 Feb 21
     
    I like how MTN has developed its fintech service MoMo that was originally just for money transfer using mobile phones but has rapidly grown to other services like loans and remittance.
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.  
hindelquarrouti

How to develop digital payments or is it how to reduce cash use - 1 views

www.stratexis.com/...ts-or-maybe-to-reduce-cash-use

fawry online payments success

shared by hindelquarrouti on 11 Feb 21 - No Cached
  • Fawry is educating unbanked population to trust electronic payments. Fawry would not have existed in a mature economy, where electronic payments are dominant. In that sense, Fawry is filling a gap left by banking players in Egypt.
  • One of the most striking differences between banking in Europe and in Egypt is cash management. Withdrawals and deposits of cash are the dominant operations in the Egyptian banking branches. It is frequent to meet customers with big bags of money in or out of banking branches. In Europe, anti-money laundering laws and electronic payments popularity made large cash operations extremely rare.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      Although not everyone trusts online payment in Egypt, Fawry persuaded them by offering numerous services with simple usage and protection. Almost all Egyptians currently use fake services, especially in the telecommunications sector.
  • The success of Fawry comes from leveraging the best of the 2 means of payment: cash for its reliability and availability, and electronic systems for their seamless and fast processing.
  • ...1 more annotation...
  • What is very promising is that the success of Fawry inspired a lot of other players to create fintech companies and contributed to the transformation of Egyptian financial services, which will bring higher value to Egyptian customers.
  • chaimaa-rachid on 11 Feb 21
     
    Even though in Egypt not everyone trusts online payment, Fawry convinced them by offering different services with easy use and security. Currently, almost all Egyptians use Fawry services, especially in the telecommunications sector.
  • hindelquarrouti on 13 Feb 21
     
    It is interesting that Fawry's success can be tracked back to its use of two means. Cash payment and electronic systems. It has tried since its beginnings to make unbanked people trust electronic payments. It is also inspiring other companies in the field.
nouhaila_zaki

Startuplist Africa | Startuplist Africa - 0 views

startuplist.africa/agrocenta

AgroCenta Ghana Customer Segment Mission

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • AgroCenta focuses primarily on small holder farmers and farmer based organizations, connects them to a larger market online to trade equitably, a percentage of the sales of farmers farm produce is re-invested into purchase of agric inputs such as fertilizers, seedlings, pesticides, weedicides and hiring of tractor services. AgroCenta eliminates the common practice where middlemen/brokers act as exploitative buyers, purchase produce for less than a third of its actual value from smallholder farmers and re-sell in urban markets for huge profits.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because on the one hand, it introduces the niche market that AgroCenta products and services are targetting; but also the common practices that AgroCenta intended to eliminate (i.e. exploitative behaviors by middlemen and brokers).
chaimaa-rachid

MTN launches Mobile Money in South Africa - 0 views

businesstech.co.za/...s-mobile-money-in-south-africa

MTN mobile-money Ubank

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • MTN has launched its Mobile Money (MoMo) services in South Africa in partnership with Ubank.
  • “It is a great privilege for us as a bank to partner with a renowned brand such as MTN in working on a product which will create value for consumers in the under-serviced and under-banked segments of the market.”
  • chaimaa-rachid on 13 Feb 21
     
    The partnerships between MTN and Ubank will help the two companies to increase the lease of knowledge, expertise, and resources available to create better products and reach more audiences.
mohammed_ab

MTN South Africa has collaborated with SA fintech Ozow to simplify MoMo transfers - Tec... - 2 views

www.techinafrica.com/zow-to-simplify-momo-transfers

MTN Ozow Collaboration Fintech

shared by mohammed_ab on 12 Feb 21 - No Cached
  • MTN South Africa has simplified the loading of funds for  Mobile Money (MoMo) users. According to a post on IT News Africa, Thomas Pays the CEO of Ozow described the partnership as ” one more step” in enabling “greater digital and financial inclusion” for all of South Africa. MTN MoMo was launched in early 2020 crossing a million users by June offering users an easy way to send money to their families and friends. The same applies to access to value-added services such as renewal of car license discs, prepaid electricity, online purchase of products, and an affiliate network of eCommerce partners.
  • mohammed_ab on 12 Feb 21
     
    I like this service a lot as it allows you to transfer money using your mobile phone and pay daily bills like electricity in a very convenient way.
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