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Contents contributed and discussions participated by nouhaila_zaki

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EthioPay | Welcome - 0 views

ethiopaycenter.com

Ethiopay Ethiopia Mission

shared by nouhaila_zaki on 08 Feb 21 - No Cached
  • While other platforms are a one-size-fits-all, Ethiopay isn’t. We support the unique payment needs of Ethiopians including payments for school fees, telecom, utility bills and other needs that are close to your heart. Our vision is a future where Ethiopians in the the diaspora touch the lives of those back home through easy, secure and seamless payments. To achieve this, we are on a mission to build the most reliable payments platform serving Ethiopians in the world. We want to make it so easy for you to send money home that your loved ones will feel as though you were right there with them.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces the mission statement and vision of Ethiopia. The mission of the company is to ensure the most reliable payments platform for Ethiopians around the world. The vision, on the other hand, is a future where Ethiopian diaspora can help their families back home through easy, secure and seemless payments ensured by Ethiopay.
  • nouhaila_zaki on 13 Feb 21
     
    "We support the unique payment needs of Ethiopians including payments for school fees, telecom, utility bills and other needs that are close to your heart. O"
nouhaila_zaki

Ethiopay | F6S - 0 views

www.f6s.com/ethiopay

FinTech E-payments ethiopia Africa modernization

shared by nouhaila_zaki on 11 Feb 21 - No Cached
  • Our Bill-Pay platform concentrates on the core monthly needs such as water, electricity, gas. But we also provide options to purchase Data, manage property payments, and even school tuition fees.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is very important because it highlights what the products and services proposed by Ethiopay serve for. It allows us to better understand what customers need Ethiopay for, which could prove to be very useful when designing products.
  • nouhaila_zaki on 13 Feb 21
     
    "Ethiopay is a centralized global payout 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. As you may know, Ethiopia well Africa, in general, has skipped the laptop and computer phase of technology straight into the mobile phase of technology this is commonly known as the leapfrog model. Our platform plans to use the leapfrog model to leverage our technology and give the 45 mill users around Ethiopia a new way to manage bills and provide the over 2.5 million Ethiopian diasporas in the United States a way to help their families. Our Bill-Pay platform concentrates on the core monthly needs such as water, electricity, gas. But we also provide options to purchase Data, manage property payments, and even school tuition fees."
nouhaila_zaki

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

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

Fawry Egypt E-payments Online Fintech Shares

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Founded in 2008, Fawry is Egypt’s first and largest Electronic Payment Network, offering financial services to consumers and businesses through more than 50,000 collection points and a variety of channels nationwideBased on its own-patented technology, that is fully compliant with international security standards of the ISA 27001 and PA DSS certifications, Fawry performs more than a million financial operations daily.Fawry services include collection services, customer acquisition, electronic cash, payment facilitation, and business-to-business collection centres.  In 2014, Fawry’s revenue reached EGP 210 million, and the company served more than 15 million customers.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it touches upon many aspects of Fawry: the nature of the company, the nature of services and products offered amongst other things.
  • nouhaila_zaki on 13 Feb 21
     
    "Founded in 2008, Fawry is Egypt's first and largest Electronic Payment Network, offering financial services to consumers and businesses through more than 50,000 collection points and a variety of channels nationwide Based on its own-patented technology, that is fully compliant with international security standards of the ISA 27001 and PA DSS certifications, Fawry performs more than a million financial operations daily. Fawry services include collection services, customer acquisition, electronic cash, payment facilitation, and business-to-business collection centres.  In 2014, Fawry's revenue reached EGP 210 million, and the company served more than 15 million customers."
nouhaila_zaki

Digital Payments Firm Strikes Gold in Egypt, Where Cash Is King - Bloomberg - 0 views

www.bloomberg.com/...ld-in-egypt-where-cash-is-king

shared by nouhaila_zaki on 12 Feb 21 - No Cached
  • Egypt, where it’s common for government employees to ring doorbells to collect cash payments for gas and electricity bills, is trying to shift more transactions digital. The North African nation’s central bank has asked lenders to set a strategy to ensure all citizens have access to financial services, focusing on digital payments and mobile wallets. The regulator is also pushing consumers to use payment platforms such as Fawry in an attempt to curb the spread of the new coronavirus.#lazy-img-364482620:before{padding-top:56.25%;}
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects how the Egyptian government and central bank contributed to the prosperity of Fawry during the covid-19 pandemic.
  • nouhaila_zaki on 13 Feb 21
     
    "Egypt, where it's common for government employees to ring doorbells to collect cash payments for gas and electricity bills, is trying to shift more transactions digital. The North African nation's central bank has asked lenders to set a strategy to ensure all citizens have access to financial services, focusing on digital payments and mobile wallets. The regulator is also pushing consumers to use payment platforms such as Fawry in an attempt to curb the spread of the new coronavirus."
nouhaila_zaki

CEO Interview: Egypt's first unicorn Fawry aims to lead in financial inclusion | ZAWYA ... - 0 views

www.zawya.com/..._inclusion-ZAWYA20201101035106

Fawry Egypt Pandemic Customer Segment

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Aversion to electronic financial service remains one of the challenges facing fintech in Egypt, an attitude that COVID-19 has helped mitigate, according to Sabry. Mobile wallet transactions, one of Fawry’s main services, witnessed “phenomenal growth” as soon as a partial lockdown was imposed. The company’s mobile app reached a record high of more than a million downloads between March and June.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it discusses how the pandemic has helped Fawry with its growth by suppressing the challenges it usually faced.
  • More than two-thirds of Egypt’s adult population do not have a bank account, and even those who do rarely have full access to financial services. At the other extreme, mobile phone penetration in the country is estimated at over 95 percent, and the number of mobile internet users has reached more than 42 million. For Ashraf Sabry, CEO of e-payment unicorn Fawry, this is a huge business opportunity.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it explains the circumstances that contributed to Fawry's success, being the large unbanked population in Egypt coupled with the fast mobile phone penetration in the country.
  • nouhaila_zaki on 13 Feb 21
     
    "Aversion to electronic financial service remains one of the challenges facing fintech in Egypt, an attitude that COVID-19 has helped mitigate, according to Sabry. Mobile wallet transactions, one of Fawry's main services, witnessed "phenomenal growth" as soon as a partial lockdown was imposed. The company's mobile app reached a record high of more than a million downloads between March and June."
nouhaila_zaki

Visa and Fawry sign strategic partnership to accelerate digital payments acceptance | Z... - 1 views

www.zawya.com/...acceptance-ZAWYA20201004113100

Fawry Egypt Visa Fintech Partnership

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Visa, (NYSE: V), the world’s leader in digital payments and Fawry, the leading digital transformation and ePayment platform in Egypt announced that they have signed a strategic partnership to accelerate acceptance of digital payments in Egypt in alignment with the Central Bank of Egypt’s plans to build a digital economy and advance digital and financial inclusion in the country.The partnership aims to catalyze the provision of open loop Visa digital acceptance solutions including both POS terminals and QR solutions to a larger number of merchants so they can benefit from the advantages of electronic payments by leveraging on Visa’s vast global network and experience as well as Fawry’s locally relevant solutions.  
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it touches upon partnerships initiated by Fawry with Visa and the Egyptian Government (and Central Bank) in an effort to promote financial inclusion and build a digital economy in Egypt.
nouhaila_zaki

Contributing to Egypt's growth journey - Wamda - 1 views

www.wamda.com/...ributing-egypts-growth-journey

Fawry Egypt IPO Fintech Pandemic

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • If you don’t believe that Fawry’s unicorn status and the birth of numerous rapidly growing startups in the space are proof that fintech is the future or that this sector will be critical to Egypt’s ability to achieve its commitment to inclusive and sustainable economic growth under Vision 2030, forget all of that and focus on one simple reality. In the midst of the global pandemic, Egypt and many similar countries in the region and beyond are finally introducing laws and regulations that will not only allow this sector to thrive, but will allow our economies to thrive by using technology to serve the millions of people who remain economically excluded from the system.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it explains how in the midst of the covid-19 pandemic, Egypt and many other similar countries started introducing laws and regulations that will allow fintech similar to Fawry to thrive.
  • nouhaila_zaki on 13 Feb 21
     
    "If you don't believe that Fawry's unicorn status and the birth of numerous rapidly growing startups in the space are proof that fintech is the future or that this sector will be critical to Egypt's ability to achieve its commitment to inclusive and sustainable economic growth under Vision 2030, forget all of that and focus on one simple reality. In the midst of the global pandemic, Egypt and many similar countries in the region and beyond are finally introducing laws and regulations that will not only allow this sector to thrive, but will allow our economies to thrive by using technology to serve the millions of people who remain economically excluded from the system."
nouhaila_zaki

Egypt's Fawry eyes UAE deal, Saudi and Kuwaiti markets | Reuters - 0 views

www.reuters.com/...-kuwaiti-markets-idINKCN1VT06S

Fawry Egypt Expansion

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • “We are looking at Arab countries where many Egyptians live whom we can offer many services such as bill payments,” he said. “We hope to enter the Saudi and Kuwaiti markets in 2020,” he added, without giving more details.Okasha said Fawry, which is owned by local and foreign investment funds and dominates the Egyptian market, had no plans to expand to Africa, as speculated by some analysts.“Egypt is a huge market with 100 million people. We don’t find an African market as large as that. We still find big growth chances (in Egypt),” he said.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces Fawry's expansion plans to other Arab countries where many Egyptians live i.e. Saudi arabia or Kuwait. It also explains the reasons underlying the refusal to expand in other African markets.
nouhaila_zaki

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 nouhaila_zaki on 13 Feb 21 - No Cached
  • 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.
  • 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.""
nouhaila_zaki

Egypt: Fawry expected to join FTSE, MSCI Indices in 2021 | african markets - 0 views

www.african-markets.com/...join-ftse-msci-indices-in-2021

Fawry Egypt Net Profit Stock Market

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Fawry for Banking and Payment Technology Services (FWRY) is forecast to join the FTSE and MSCI emerging markets indices in September 2021, according to a research by Arqaam Capital. The company meets the liquidity requirements, which ensures inclusion in the FTSE EM All Cap Index’s next rebalancing on 21 September, with a weight of 0.0082%. In January, Fawry’s board of directors approved to subscribe to the capital increase of Fawry Plus, as the company will be allowed to subscribe up to EGP 35 million. During the first nine months of 2020, Fawry achieved a consolidated net profit before minority interest of EGP 119.2 million.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects Fawry's position in the stock market and how its liquidity allows it to perhaps be included in the FTSE EM All Cap Index's nxt rebalancing. Moreover, the article introduces the consolidated net profit secured by Fawry in the first nine months of 2020, which amounts to EGP 119.2 million.
  • nouhaila_zaki on 13 Feb 21
     
    "Fawry for Banking and Payment Technology Services (FWRY) is forecast to join the FTSE and MSCI emerging markets indices in September 2021, according to a research by Arqaam Capital.   The company meets the liquidity requirements, which ensures inclusion in the FTSE EM All Cap Index's next rebalancing on 21 September, with a weight of 0.0082%. In January, Fawry's board of directors approved to subscribe to the capital increase of Fawry Plus, as the company will be allowed to subscribe up to EGP 35 million.   During the first nine months of 2020, Fawry achieved a consolidated net profit before minority interest of EGP 119.2 million. "
nouhaila_zaki

Fawry sells major stake for $100M - Wamda - 0 views

www.wamda.com/...-major-stake-in-fawry-for-100m

Fawry Egypt Equity Structure Investments

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Helios now owns the lion’s share of the company by acquiring 40 percent, followed by MENA LTV with 25 percent, and EAEF with 20 percent. The International Finance Corporation (IFC) acquired 18 percent of Fawry’s shares at the beginning of 2013, which was followed by another investment by EME International, who did not disclose the stake they took in the company. IFC now owns only 5 percent of Fawry, and 10 percent is owned by Fawry’s management. “The two organizations will remain stakeholders,” said Fawry CEO Ashraf Sabry. “Currently, they have no intention of an exit, and we also have no intention of going public before at least five years.” The arrival of new investors would not affect the company’s management structure, he adde
  • “The most important thing to look for in investors is that they should have experience in investing in similar markets, with similar economic and social conditions,” Sabry said. “This way, they they can understand the challenges that await their investment. This is in addition to their having lots of patience, so they can make their intended profit.”
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This article and most particularly the highlighted excerpts are very important because they introduce us to the equity structure or fawry (20% Helios, 5% IFC, 10% Fawry's management etc). Also, the article introduces us to the criteria sought in potential investors before accepting and initiating the collaboration, which include the need for these investors to understand the risk coming with their investment in such a fast pace high risk market.
  • nouhaila_zaki on 13 Feb 21
     
    "Helios now owns the lion's share of the company by acquiring 40 percent, followed by MENA LTV with 25 percent, and EAEF with 20 percent. The International Finance Corporation (IFC) acquired 18 percent of Fawry's shares at the beginning of 2013, which was followed by another investment by EME International, who did not disclose the stake they took in the company. IFC now owns only 5 percent of Fawry, and 10 percent is owned by Fawry's management. "The two organizations will remain stakeholders," said Fawry CEO Ashraf Sabry. "Currently, they have no intention of an exit, and we also have no intention of going public before at least five years." The arrival of new investors would not affect the company's management structure, he adde"
nouhaila_zaki

Fawry | IBM - 3 views

www.ibm.com/...ware-flashsystem-power-systems

shared by nouhaila_zaki on 07 Feb 21 - No Cached
  • Haytham Abbas, Infrastructure Director at Fawry, picks up the story: “When we launched in 2008, the average household had to deal with around 13 separate utility and service providers. Since they typically had to set up payments with each service provider separately, often by visiting a branch, this was a lot of hassle. We created an omnichannel digital payment network to make life easier for consumers and the businesses that serve them.”
nouhaila_zaki

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

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

Fawry Egypt E-payments Online Fintech Financial inclusion

shared by nouhaila_zaki on 09 Feb 21 - No Cached
  • For the majority of the population, who have never touched a keyboard or stepped through the doors of a bank, Fawry offers bill payment at the corner store. It has a growing network of collection points at small grocers, stationers and chemists, which are equipped with point-of-sale machines – the same ones used for credit card payments. Fawry’s services are available at 16,000 retailers and 1,300 post offices, advertised by its bright blue and yellow logo.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it describes the scope of the current network that Fawry enjoys in Egypt, something that can be useful for developing strategies for growth.
  • It has teamed up with MasterCard to launch an online payments portal, and 12 banks (representing 80 per cent of Egypt’s banking capacity) offer its services through their ATMs, over the counter, or on their websites.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      Here the excerpt is important because it introduces a key partnership underwent by Fawry, namely the one with Mastercard; in addition to what this partnership entails for Fawry's operations (positive impact since Fawry could launch an online payments portal + offering of Fawry services by several banks).
nouhaila_zaki

AgroCenta raises US$ 790k of Pre-Series A Working Capital & Development Funding From Sh... - 0 views

medium.com/...unding-from-shell-7db364912b9f

AgroCenta Ghana Specialized financing

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Francis Obirikorang, AgroCenta’s CEO and Co-Founder Michael Ocansey highlight the importance and criticality of this investment: “This is a significant milestone for AgroCenta, having the support of leading institutions, particularly with the COVID-19 backdrop, underlining the strength of AgroCenta and the importance of its mission. The demand for agricultural raw materials from offtakers in the brewery, manufacturing and consumer sector is increasing exponentially because of the easing of the COVID-19 restrictions that were put in place by the government of Ghana, hence this capital injection will help to secure purchases at fair and transparent prices from smallholders — a much needed lifeline for many who are at the proverbial bottom of the pyramid”.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it highlights how the investments received by AgroCenta from investors and partners (UK charity Shell Foundation, the UK's Foreign, Commonwealth and Development Office (FCDO), AV Ventures and Rabo Foundation) helped the company mitigate the impact of the covid-19 pandemic, and allowed for its operations to continue and frow.
nouhaila_zaki

AgroCenta - 0 views

www.globalinnovationexchange.org/...agrocenta

AgroCenta Ghana Competitive Advantage

shared by nouhaila_zaki on 12 Feb 21 - No Cached
  • Competitive AdvantageAgroCenta's value proposition lies in the advantage of providing the last mile market access for smallholder farmers in the staple food value chain through extensive collaboration with many partners who play an active role in the value chain. Secondly the provision of an on-demand access to trucks (uber for trucks) enables commodities to be moved from farms to markets etc in real time, reducing food glut and ensuring food security.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it highlights the competitive advantage that Agrocenta enjoys. This advantage relies upon two components: 1- The company's partners who are crucial actors in the value chain, 2- The provision of on-demand trucks that allow for the smooth and swift movement of goods.
nouhaila_zaki

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

www.acdivoca.org/...f-ghanaian-smallholder-farmers

Agrocenta COVID19 Security

shared by nouhaila_zaki on 12 Feb 21 - No Cached
  • The digital services AgroCenta provides along the selected cereals value chain also improve the repayment of loans by smallholder farmers. The services provide farmers with an end market through the offtaking of produce and through facilitating the provision of high-quality agricultural inputs, which maximize their yields and productivity. To date, the average farmer on CropChain has increased their income by 35 percent and their crop yields by 40 percent, while reducing their food waste by 25 percent. AgroCenta has also made strides to promote gender and social inclusion; nearly half of its CropChain users and more than half of its microloan borrowers on LendIt are female smallholder farmers. 
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces the results of using AgroCenta on smallholder farmers, ranging between the maximization of productivity, of income, reduction of food waste,to gender and social inclusion.
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).
nouhaila_zaki

AgroCenta: Digital food distribution platform creating shared value for businesses and ... - 0 views

agrocenta.com/apps

AgroCenta Ghana Agricultural Value Chain Products and Services Cropchain LendIt

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • This is our financial inclusion platform targeted at smallholder farmers. We make it super easy for institutions to on-lend and disburse funds to a large network of smallholder farmers. We don't just give you access to farmers, we give you access to trustworthy low risk farmers.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt reflects the financial inclusion concern of AgroCenta. The LendIt platform allows farmers to access to digital payments, micro-lending and crop insurance more easily thanks to it.
  • Farmer Registrations Know where your farmers reside, how much money they've been making in the past, their family sizes, their literacy levels and more. Inventory Management Easily track how many tons of commodities you have available across multiple locations. Quickly know where to concentrate more effort. Logistics & Tracking Which route is the most efficient to use for commodity pickups? How long will it take for customers to receive commodities they ordered?
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt reflects what the Cropchain platform introduced by AgroCenta does for its customers, namely enforcing traceability, transparency and accountability in the agricultural supply chain.
nouhaila_zaki

AgroCenta: Digital food distribution platform creating shared value for businesses and ... - 0 views

agrocenta.com/partners

AgroCenta Agricultural Value Chain Partners Investors Ghana

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • The agricultural value chain is huge. We cannot do it all so we have fostered very strategic partnerships with institutions aligned with our values and mission. We are always seeking more of such partnerships and invite you to reach out if interested in working with us.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This article is important because it enumerates AgroCenta's different investors and partners. This is important because it allows us to understand the financing scheme that AgroCenta is having. In addition, it enables us to have an idea about the large scope of the agricultural value chain and which institutions contribute to mitigating the risks and challenges AgroCenta might face as a result of this large supply chain.
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