How an ambitious African start-up grew into a global fintech powerhouse -

While many view Mukuru as a technology company, its business is centred around helping people at a very personal level. From humble beginnings in a London flat in 2005 to an African fintech giant in 2020, Mukuru's journey has been one of turning challenges into opportunities for innovation - continuously motivated by a desire to improve the daily lives of its loyal customers.

A combination of resilience and robust digital technologies resulted in tech start-up Mukuru emerging from humble beginnings to becoming one of Africa’s fintech powerhouses.So says Sandy Rheeder, CIO of Mukuru, one of Africa’s largest remittance service providers.Mukuru was launched in the mid-2000s. As Zimbabwe went through hyperinflation, the platform enabled customers in the diaspora to send fuel and grocery vouchers back home via SMS. Eventually, Mukuru started offering money remittances.

SmartelMoney | About Us

SmartelMoney | About Us

Smartel Money goes live - Lesotho Times

Smartel Money LTD held a public awareness initiative last Friday, aimed at aiding businesses and the general public towards a cashless society.

Michael Tome Business Reporter Lands, Agriculture, Water, Climate and Rural Resettlement Ministry says it highly upholds technological innovations that seek to develop agriculture productivity.This follows advances made by Cassava Smartech’s EcoFarmer to digitally enhance farming tips through mobile platform, which is a one-stop solution platform that gives farming tips, location-specific weather updates, weekly agriculture commodity market prices and financial services.

Cassava Smartech Zimbabwe Limited (CSZL.zw) Investor Relations

Cassava Smartech: Trading update for the period ended 31 August 2020 - AfricanFinancials

Tech publication Menabytes reported in an exclusive article yesterday (4 August) that 500 Startups, Dubai Angel Investors, and Phoenician Funds along with other unnamed individual investors participated in the round.

Egyptian fintech startup MoneyFellows raises $4m to expand across Africa - Disrupt Africa

Founded in 2015, the idea for Moneyfellows hit the startup’s founder and CEO Ahmed Wadi in Germany, where as a fresh graduate with a modest pay, he was looking to fund his own wedding and honeymoon. “Doing an offline money circle with friends and family back home was my only resort,” Wadi recalls. “It was extremely painful to find a suitable one, manage it, and keep track of it. If there existed a digitized version of this, I would’ve been a frequent user myself. There wasn’t; so, I decided to do something about it, and do it myself.”

Egypt's MoneyFellows raises $4 million Series A to expand its digital money circles platform to Africa

For thousands of years, people have participated in offline Money Circles in the same way, facing a great number of difficulties and limitations. MoneyFellows digitizes the ROSCA model, making it more, secure, manageable and automated. Users can always find available Money Circles without being limited to their social network or geographic location and with a much larger variety of Payout dates and amounts

Zeepay CEO declared Best Fintech CEO of the Year | Value Added Services News in Ghana

For all the talk of a new cashless society ushered in by the likes of Apple Pay in the United States, it’s going to be a while before a swipe of a phone will buy a meal in most cities. But in Cape Town, it’s already happening. I’ve used my phone to pay for parking, cover a medical bill, order take out, buy groceries at my local farmers market and give money to the homeless woman selling the South African version of Street News at the traffic light. Churchgoers use their phones for donations. My facialist just informed me that I could pay for Botox treatments with SnapScan. I’ll take that as her endorsement of an increasingly popular payment service, and not a hint.

It is possible for your patients to effect payment using QR codes that were not generated by Panacea.  For example, when you register as a merchant they will send you a "generic" QR code that contains your SnapCode (merchant ID) but does not contain any tracking info or a payment amount.  If one of these "generic" QR codes is used Panacea will not be able to generate the payment and allocations automatically, but you will be notified of the payment via Panacea in the normal way .

Instead, she's one of a growing number of people in South Africa's Mother City who are leaving their wallets at home in favour of digital money apps."I use SnapScan," she says. "I love it. If I find someone using SnapScan I will buy something even if I wasn't intending to. "I find myself telling small coffee shops and vendors at markets that they should get it. I love not needing cash on me. I love not handing over my credit card."

Mobile Money and Financial Development: The Case of M-PESA in Kenya by Scott Burns :: SSRN

Mobile Money: The Economics of M-PESA | NBER