Spring 21 Capstone 640pm

MTN Mobile Money (MoMo) subscribers in Cameroon can now receive international money transfers through MoneyGram directly into their mobile wallets

The convergence of mobile telephony, banking services, and information systems creates significant economic opportunities on a global scale. While the adoption of mobile banking and mobile money emerged on the global scene as a tool to promote financial inclusion, new developments in the industry have created additional possibilities for this type of technology to revolutionize the practices and experiences of business owners in the Third World. This paper calls attention to the different ways in which mobile banking services and mobile payment systems are able to create value for their consumers. An empirical case study is developed using the Accra Metropolitan Assembly (City of Accra) that details the experiences of MTN Mobile Money users.

Paga account holders will now be able to transact on Visa’s global network. Both companies will work together to develop technology and aim to drive larger payments volumes for both companies. The partnership also reflects Visa’s priorities in Africa.

Paga account holders will now be able to transact on Visa’s global network. Both companies will work together to develop technology and aim to drive larger payments volumes for both companies. The partnership also reflects Visa’s priorities in Africa.

Devant l’incapacité des institutions financières à répondre à ses besoins, Ahmed Wadi, diplômé en informatique et start-uppeur en herbe, a tout simplement décidé de créer le service qui lui manquait lui-même. Inspiré des modèles traditionnels de micro-crédits, les Gemeyas, il a réinventé le principe grâce au digital, étendant ainsi leurs nombreux avantages à qui que ce soit, et de manière sécurisée.

BelCash founder Vince Diop does not believe a limited network or high illiteracy rate will be a barrier for introducing mobile banking.

BelCash and M-Birr are mobile banking technology providers that have been in Ethiopia for the last three years to set up mobile banking and mobile money services.

“Since Sub-Saharan Africa is traditionally considered a challenging region from the remittance perspective, we are glad to extend our service to an institution that just recently has satisfied the scrutiny of the local regulator,” said Dima Kats, CEO of Clear Junction. “Our correspondent account service will lower the entry barrier for Zeepay when rolling out the payment collection in the EU and UK.”

“Since Sub-Saharan Africa is traditionally considered a challenging region from the remittance perspective, we are glad to extend our service to an institution that just recently has satisfied the scrutiny of the local regulator,” said Dima Kats, CEO of Clear Junction. “Our correspondent account service will lower the entry barrier for Zeepay when rolling out the payment collection in the EU and UK.”

Anlesinya et al (2014)16 examined whether corporate social responsibility has significant positive effect on the financial performance of MTN Ghana Limited. The study administered questionnaire on 35 management staff of MTN Ghana Limited, employed standard multiple regression and hierarchical multiple regression for the analysis. The research results showed that CSR at the aggregate level did not have significant positive effect on financial performance but community CSR has a positive while environmental CSR has negative effect on financial performance of MTN Ghana Limited. The study however has left key performance indicators of MTN Ghana unexplored lending support for a more comprehensive study in that regard. Vadiraj and Narahari (2014)1 attempted to develop a model that could predict the future trends of average revenue per user (ARPU) so that telecom service providers could formulate a strategy to increase their ARPU. The study using a multiple linear regression has been able to explain that subscriber base; number of operators and percentage of new users added periodically are the main determinants of average revenue per user (ARPU). Rahul and Xue (2012)17 attempted to examine the relationship between some selected factors and their contribution to the revenue of the Telecom industries in China and India. Using time series data collected from secondary sources from 2000 to 2010 on number of subscribers, technology innovation, and government regulation and policies, their granger causality test found no causality running from number of subscribers to the revenue of the telecom Industry in both China and India. They however found a causality running from technological innovation to the revenue of the Telecom Industries in both countries. Shmelev (2013)18 developed a model for calculating Telecom Company’s revenue and margin indicators. The study crafted the model for calculating the revenue of Telecom companies based on the Business Metric Framework (BMF) developed by the TeleManagement Forum, a global non-profit association for service providers in the Telecommunication sector. Examining the relationship between the two categories of KPIs in the BMF, the study concluded that it is possible to  create a function depending on the target KPIs lower levels, to calculate the final financial indicator at given rates and obtain a performance management  tool based on key performance indicators.  

ape Town-based remittance and money transfer provider Mukuru has reached over seven million customers globally and is looking to extend its footprint across Southern Africa.Mukuru enables affordable and reliable financial services to underserved communities. Its remittance service offers customers the opportunity to send or receive money, with users in over 20 countries across Africa and Asia. Services include sending cash for collection, bank account top-up or mobile wallet transfers.Additional offerings include funeral cover, the Mukuru Money Card and various payment solutions targeted at businesses in emerging markets. Transactions can be conducted either physically at any of its network branches, or via its digital platforms, mobile app, USSD or WhatsApp.While the company operates in over 20 countries, the mobile app is currently only available for download in SA and it is preparing to roll it out broadly across Botswana, Malawi, Zimbabwe, Zambia, the UK and EU over the next 12 months.

Abacus builds web and mobile software to help investors across the globe access African financial markets. We make it possible for both local and international investors to research and invest, anytime, anywhere.

MTN Group Ltd. engages in the provision of network information technology services. It offers broadband and Internet products and services and converged fixed or mobile products and services.

This study sought to find out perceptions of employee poaching by employees in telecommunication firms and how these perceptions affected their morale. A survey was conducted in which 30 questionnaires were administered and 27 filled. Results showed that 92% of the population had a positive perception of poaching with 8% having negative perceptions. When a regression analysis was done on the data received, in order to test the significance of the relationship between the variables, p-value for significance did not meet the standard which implies that there is not significant relationship between the variables. According to these results, employee perceptions of poaching do not have any effect on morale.

“We are excited to partner with Visa, a leader in payments globally, as they are constantly building world-class solutions for consumers and businesses. Our goals are well-aligned. As we scale our wallet across emerging markets such as Nigeria, Mexico and Ethiopia, partnering with Visa to give both consumers and businesses, who have been underserved, access to Visa’s global network made sense to us,” the company said in a press release.

Our pilot with Pula revealed that most data sets in the countries where Pula works still focus on larger farm sizes, not the very small farms of poorer, vulnerable farmers, which reduces variation in the model. Additionally, if yield data are not available for a long period or across climatic regions, the predictability of the model is further reduced. This innovation holds tremendous promise for inclusion but will need space for experimentation to perfect.

“Our mission goes beyond proving affordable access to energy,” Michael Tesfaye Hiruy, the companies Chief Strategy Officer told The Reporter. “Moving forward, we will forge the necessary partnerships to provide access to connectivity and digital services such as healthcare, education, market access and employment”.

Founded in 2017 by Charmaine Hayden, Orla Enright, Ashley Thompson-MacCarthy and Richard Mensah, GOODsoil comprises 50% female and 75% black partners, all young, serial entrepreneurs intent on becoming catalysts of economic growth for minority founders across Africa.

Zeepay focuses on digital rails to connect digital assets. The company has a footprint in more than 20 African markets and, in April 2020, became the first indigenous company to be awarded the Electronic Money Issuer (EMI) license to operate as a mobile financial services company by the Bank of Ghana, the regulator of banking and financial services.

With international travel facing continued uncertainty amid the global Covid-19 pandemic, remittances on the African continent are moving from informal channels requiring travel and in-person contact to formal channels. The weakening of informal remittance practices has contributed to accelerated growth in the formal remittance sector, including for ECP portfolio company Mukuru.

A consortium of international financial investors comprising the Egyptian-American Enterprise Fund (“EAEF”), Helios Investment Partners (“Helios”, acting on behalf of funds it advises) and the MENA Long-Term Value Fund (“MENA LTV”) (together, the “Consortium”) today announced it has acquired a majority stake in Fawry, the leading electronic bill presentment and payment platform in Egypt at a purchase price valuing the company at EGP 773 million, approximately US$ 100 million.Headquartered in Cairo, Fawry provides users with a secure electronic bill presentment and payment services solution, connecting consumers, merchants, governments and financial institutions on a consolidated gateway that is accessible through multiple channels, including Point of Sale (POS) machines, ATMs, post offices, online and through mobile wallets.  Since its establishment in 2009, Fawry has been at the forefront of electronic payments in Egypt, providing pioneering, innovative and convenient payment solutions to its customers. The company today processes over one million transactions a day and operates a network of over 50,000 collection points in 300 cities and suburbs across the country.

Pula is at the center of an ecosystem that provides insurance to smallholder farmers and has amassed 50 insurance partners and six reinsurance partners. Its clientele includes the likes of the World Food Programme and Central Bank of Nigeria, as well as the Zambian and Kenyan governments among others.

Kiva is the world’s first and largest crowdfunding platform for social good with a mission to connect people through lending to alleviate poverty. By lending as little as $25, anyone can help a borrower start or grow a business, go to school and realize their potential. Since 2005, Kiva and its growing global community of 1.7 million lenders have crowdfunded more than $1.1 billion in microloans to over 2.9 million entrepreneurs in 85 countries, with a 97 percent repayment rate.

Kiva is a non-profit lending platform well known for its microloan service targeted underserved markets globally. Lendio states that the program has now provided over $500,000 in microloans to business owners worldwide, 98% of whom are female. Lendio first launched the program in 2016. The company describes the program as part of its commitment to entrepreneurship and inclusivity. Lendio provides a microloan to a low-income entrepreneur for every new loan facilitated on its marketplace platform. This voluntary employee-contributed, employer-matched program reports a 94% participation rate among Lendio employees.