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mohammed_ab

Fawry Microfinance considers borrowing from its existing shareholders | ZAWYA MENA Edition - 0 views

  • Fawry Microfinance, a subsidiary of the listed Fawry for Banking and Payment Technology Services, intends to borrow at least EGP 300 million from its existing shareholders, Enterprise cited Fawry CEO Ashraf Sabry on December 14th
  • Fawry’s subsidiary plans to expand its microfinance portfolio to EGP 500 million by the end of 2021, up from EGP 204 million until September 2020, the news portal added.“We have seen solid growth in 2020 and we see the potential of lending to small businesses to finance their working capital and purchases from suppliers,” Enterprise quoted Sabry as saying.
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    I think that Fawry is trying to penetrate more the market of microfinance which is the reason why she is planning to borrow money from its current shareholders. It's known that shareholders always invest in opportunities that will have returns. Taking into account that they have agreed to lend EGP 300 million, I'm sure that they saw great potential for the growth of Fawry microfinance.
ayoubb

The Impact of Mobile Payments on the Success and Growth of Micro-Business: The Case of ... - 0 views

shared by ayoubb on 13 Feb 21 - No Cached
  • The Impact of Mobile Payments on the Success and Growth of Micro-Business: The Case of M-Pesa in Kenya | Journal of Language, Technology & Entrepreneurship in Africa
    • ayoubb
       
      MPESA
hibaerrai

Ghana's AgroCenta raises US$ 790k to scale its Agri-tech ecosystem - 0 views

  • Through AgroCenta’s CropChain platform, smallholder farmers can execute transactions with accurate information. Since the app’s launch, the average CropChain farmer’s income has increased by circa 35%.  AgroCenta says it has managed to reduce food waste by 25%.
    • tahaemsd
       
      via an all encompasing ecosystem approach, agrocenta blends cutting edge digital innovation with traditional on the ground operations to transform the lives of smallholder farmes in Ghana
  • Agriculture accounts for circa. 17% of Ghana’s GDP. Through its outreach and services, AgroCenta has increased crop yields of farmers by 40% thereby contributing to Ghana’s economy at large.
    • kenza_abdelhaq
       
      AgroCenta contributes to Ghana's economy by providing support to smallholder farmers along the value chain.
  • This funding was secured from UK charity Shell Foundation, the UK’s Foreign, Commonwealth and Development Office (FCDO), AV Ventures and Rabo Foundation. “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”. Francis Obirikorang, AgroCenta’s CEO and Co-Founder Michael Ocansey said while highlighting the importance and criticality of this investment.
    • hibaerrai
       
      After the Covid-19 Outbreak, the situation in farms was quite challenging as lockdowns were imposed. Now with easier restrictions, AgroCenta raised a huge amount of funds in order to cover for the losses and develop its fintech more and more. This money should be used to develop programs and services that support financial inclusion.
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    "Agriculture accounts for circa. 17% of Ghana's GDP. Through its outreach and services, AgroCenta has increased crop yields of farmers by 40% thereby contributing to Ghana's economy at large."
kenza_abdelhaq

Spot Money launches South Africa's first Open Banking offering - 0 views

  • QR code – Support for QR code payments from all major platforms, including Snapscan and Zapper.
    • kenza_abdelhaq
       
      SnapScan partners up with other firms like Spot Money a new open bank in order to allow payments through QR code scanning.
samielbaqqali

A new era of Fintech with customer engagement - 0 views

  • One of the major challenges faced by financial companies are cyber threats, thus making it key motive to strengthen payment gateway to safeguard customer data and transaction process.
    • samielbaqqali
       
      Fawry should be careful with the cyber threats,as all its business is based on computers and network.
sawsanenn

Paga Definition - 0 views

  • In order to prevent fraudulent transactions, Paga has put certain measures in place to protect its users. A user logging into an unrecognized device, for example, will have to answer a couple of security questions before proceeding. Again, every transaction using Paga has to be finalized with a personal PIN known only to the user.
    • ghtazi
       
      Paga has placed such steps in place to protect its users in order to discourage fraudulent transactions. For example, a user logging into an unrecognized computer would have to answer a few safety questions before continuing. Again, with a personal PIN is known only to the user, any transaction using Paga must be finalized.
  • With Paga, customers are able to deposit and save money, purchase prepaid phone credit, pay utility and cable bills, and make payments to retailers. The partnership between Paga and Western Union also has the added benefit where Western Money transfers sent to users can be deposited into their Paga accounts.
    • nouhaila_zaki
       
      This excerpt is important because it discusses Paga's offerings fist, before moving to how Paga's partnerships, here with Western Union, helped the fintech improve its offerings.
  • Paga was introduced in Nigeria to take advantage of the cash buildup in the system and to create a means whereby financial services are available to all. Although the banking sector in Nigeria is not easily accessible to everyone, the telecommunications industry has been more successful in reaching a large portion of the country’s population. The collaboration of both the banking and telecom sector has given rise to mobile banking platforms like Paga, where a user can perform basic financial transactions with the use of a cellphone. Paga works through a mobile phone application or online through the company’s website.
    • nouhaila_zaki
       
      This excerpt is important because it narrates the context in which Paga emerged. The combination of a large unbanked/underbanked population and high accessibility to telecommunications contributed to the establishment and subsequent success of Paga n Nigeria.
  • ...1 more annotation...
  • A number of other mobile wallet and payment service platforms are increasingly being implemented in emerging nations that have a high percentage of unbanked groups. M-Pesa, MTN Mobile Money, Airtel Money, and Orange Money are examples of mobile banking applications that are being employed to include all people in the growing digital financial sphere.
    • sawsanenn
       
      this excerpt talks about companies that strated to offer the same services as paga which made them competitors to paga
tahaemsd

WDO | Lumkani - 0 views

  • The device detects fires by sensing for a rate of rise of temperature, rather than smoke, which would cause many false alarms. In the event of a fire, the detectors communicate to one another by means of radio frequency (RF) to create a community wide alert – the alert is transmitted to neighbouring detectors within a 60m radius of the fire, giving the community at large the necessary advanced warning to deal with the fire before it becomes unmanageable.
    • kenzabenessalah
       
      It's interesting to know that the device detects fire alarms not by smoke but by the rise of temperature. This could prevent many false alarms from happening.
  • Lumkani has created the world’s first networked heat-detector designed specifically for informal settlements. Lumkani’s heat detector addresses the devastation caused by the spread of fires in urban slums, by creating a community wide early warning.
    • tahaemsd
       
      This device detects fires by sensing for a rate of rise of temperature, rather than smoke.
sawsanenn

Paga - Crunchbase Company Profile & Funding - 0 views

  • Paga is a mobile payment company. We are building an ecosystem to enable people to digitally send and receive money, and creating simple financial access for everyone. Our mission is to make it simple for one billion people to access and use money. Our first market is Nigeria where Paga is the leading mobile payment company.
    • ghtazi
       
      Paga is a company located in Nigeria that aims to make it simple for 1 billion people to access and use money with ease.
  • Paga is a mobile payment company. We are building an ecosystem to enable people to digitally send and receive money, and creating simple financial access for everyone. Our mission is to make it simple for one billion people to access and use money. Our first market is Nigeria where Paga is the leading mobile payment company.
    • sawsanenn
       
      this excerpt shows the main service of paga fintech and their first market which Nigeria
tahaemsd

SnapScan is a ZA based company founded in 2013 - 2 views

  • SnapScan is a mobile payments app, providing South Africans with the most convenient way to pay with their phones. The app was named MTN App of the Year in 2013, and now boasts a network of over 50 000 merchants nationwide, with one million app downloads to date. SnapScan is an easy, affordable and convenient way for merchants to accept payments; as well as a safe, secure and seamless payment option for users. SnapScan combines the agility and speed of a small local startup with the industry knowledge and experience of Standard Bank, Africas biggest bank. As a team, we love solving difficult problems, especially when it comes to making fast, easy mobile payments possible!SnapScan is a product of FireID Payments, part of the FireID group, a set of local startups building elegant solutions to a wide range of difficult and interesting problems.
  • SnapScan combines the agility and speed of a small local startup with the industry knowledge and experience of Standard Bank, Africas biggest bank. As a team, we love solving difficult problems, especially when it comes to making fast, easy mobile payments possible!SnapScan is a product of FireID Payments, part of the FireID group, a set of local startups building elegant solutions to a wide range of difficult and interesting problems.
  • SnapScan is a mobile payments app, providing South Africans with the most convenient way to pay with their phones.
  • ...2 more annotations...
  • The app was named MTN App of the Year in 2013, and now boasts a network of over 50 000 merchants nationwide, with one million app downloads to date.
  • MEDICI Analysis Snap Scan was acquired by Standard bank in Dec 2016. It is a product of Firepay which provides a mobile wallet that allows customers to link their cards or load money in their mobile app and pay at the merchants' site by scanning QR code. The app make it an easy, affordable and convenient way for merchants to accept payments and a safe, secure and convenient payment method for users.
    • tahaemsd
       
      mobile wallet that allows customers to link their cards or load money in their mobile app
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    SnapScan solved a big problem in South Africa but can they solve other future problems? They need to find other problems, so their product doesn't get old.
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    Other issues need to be detected by SnapScan, so their product doesn't get outdated.
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    It is interesting the inclusion that Snapscan has created, and how it has combined speed and safety with the knowledge and experience of Standard Bank.
hichamachir

How FinTech is Transforming The Insurance Industry | Clearbridge Mobile - 0 views

  • Enhancing the Customer Experience with InsurTech Financial service companies understand the demand for mobile. PwC’s recent FinTech Survey notes the significant growth in customers using mobile applications by 2020, and 75% of respondents say the most important impact FinTech will have is an increased focus on the customer.   Similar to FinTech, InsurTechs have many advantages insurance companies can leverage. These lean startups are free from legacy products and processes; they can use emerging technologies to build brand new systems; they can target specific value pools instead of offering lengthy end-to-end solutions that don’t meet everyone’s needs. Overall, InsurTech’s can go to market entirely different than traditional insurance companies. By partnering with InsurTech enterprises, insurers can offer:   Enriched Connectivity. Artificial intelligence (AI) solutions can eliminate friction at several touch points in the customer journey. Chatbots will be able to understand and act on customer queries at any time. With deep learning, chatbot solutions can further interpret sentiment to identify when to introduce a human agent.
    • hichamachir
       
      Pula is a successful InsurTech company. However, I suggest that Pula uses Artificial Intelligence even more especially if they can create a system that explain their service to the customers in a very clear way. Human agents sometimes don't operate objectively because they might get emotional and make the company lose a significant customer but it's not always the case for sure. So, I suggest a mix of AI and human agents.
ayoubb

Yes, Africa Can - 0 views

  • Drawing on the existing knowledge of African development from previous publications, Yes Africa Can: Success Stories from a Dynamic Continent takes an in-depth look at 26 economic and social development successes in Sub-Saharan African countries?twenty from individual countries and six that cut across the region. These stories manifest at the project, provincial, sub-national, national, or regional level and across themes, programs, and sectors. The book aims to address how Sub-Saharan African countries have overcome major development challenges. The main components of each case study include: (i) a description of the achievement and the elements that qualify the outcome as successful; (ii) an assessment of the main policies, interventions, actions, and other factors that contributed to the positive outcome; (iii) a presentation of the lessons learned and the contribution to the discourse on African development; and (iv) insights on the usability or applicability of the achievement in terms of the potential for scaling up the interventions and actions. Individual case studies also examine the role of the key stakeholders?the government, donors, or private investors?in facilitating and promoting the achievement. The studies are classified into four categories: overcoming or avoiding massive government failure, rebuilding or creating a government, rationalizing government involvement in markets, and listening to the people.
    • ayoubb
       
      MPESA
kenza_abdelhaq

New digital bank Spot Money launches in South Africa - 0 views

  • QR code – Support for QR code payments from all major platforms, including Snapscan and Zapper.
    • nourserghini
       
      This article refers to Snapscan as a major platform of QR code payment in South Africa that new digital banks partner with to serve more clients.
samielbaqqali

Gartner: Payment Acceptance Will Never Be the Same After COVID-19 - 0 views

  • According to Gartner,* “Application leaders responsible for digital commerce payments should use this Gartner research to adapt their customer-facing and operational payments processes to the current environment, optimize the customer payment experience and build organizational resiliency.”  
    • samielbaqqali
       
      After the pandemic, more lights were on the e-payment industry, therefore, Fawry should take advantage of this opportunity
nourserghini

MPESA, Safaricom voted Kenya's best brands - Nairobi News - 0 views

  • Ironically, MPESA came in handy in 2020 as the pandemic fueled an increase in mobile transactions.
    • kenza_abdelhaq
       
      M-Pesa voted as Kenya's leading superbrand for the 4th year in a row and it definitely played a major role in the context of the pandemic.
  • Mobile money transfer platform Mpesa has been voted Kenya’s leading superbrand.In a survey carried out by top urban consumers and undertaken by Kantar TNS in Nairobi, Mombasa, and Kisumu, leading telecommunications firm Safaricom, which owns the MPESA brand, came in second.It is the fourth year on the trot that MPESA has won this accolade, coming at a time the Covid-19 pandemic has hit the country’s economy.
    • nourserghini
       
      Mpesa was able to maintain the leading superbrand in Kenya even with the whole pandemic affecting the economy. That was because many transactions were conducted through mobiles and this allowed the platform to strengthen.
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    "Ironically, MPESA came in handy in 2020 as the pandemic fueled an increase in mobile transactions."
kenza_abdelhaq

SnapScan - 0 views

  • SnapScan only works with most ecommerce enabled debit or credit cards from any South African bank, as well as most international credit cards. 
    • kenza_abdelhaq
       
      Unlike other companies focusing on financial inclusion, SnapScan needs the presence of a bank account as well as a debit or credit card from any South African bank.
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    "SnapScan only works with most ecommerce enabled debit or credit cards from any South African bank, as well as most international credit cards. "
sawsanenn

Simbapay - Prime Bank - 0 views

  • RECEIVE COUNTRIES Send money to recipients in these countries ASIA: China, IndiaEUROPE: Austria, Belgium, France, Germany, Italy, United Kingdom, Portugal, Spain, TurkeyAFRICA: Burundi, Rwanda, Tanzania, Uganda, MadagascarCOMING SOON: Canada, USA & Australia among other countries
    • tahaemsd
       
      Countries that are recipients to SimbaPay
  • Send money to recipients in these countries ASIA: China, IndiaEUROPE: Austria, Belgium, France, Germany, Italy, United Kingdom, Portugal, Spain, TurkeyAFRICA: Burundi, Rwanda, Tanzania, Uganda, MadagascarCOMING SOON: Canada, USA & Australia among other countries
    • ghtazi
       
      Simbapay can send money to recipients in these countries: Asia, Europe, Africa coming soon: Canada, USA & Australia among other countries.
    • nouhaila_zaki
       
      This excerpt is good at introducing the countries that can receive money sent through SimbaPay. This also reflects the geographical scope of SimbaPay's operations.
  • Through SimbaPay’s international money transfer solution, you will now be able to send money directly to bank accounts or mobile wallets in 16 countries across Africa, Europe, and Asia, instantly and securely.
    • nouhaila_zaki
       
      This excerpt introduces SimbaPay's international money transfer solution, launched after the partnership with Prime Bank. It also shows the initiative's scope of operations (16 countries from 3 different continents).
  • ...1 more annotation...
  • RECEIVE COUNTRIES Send money to recipients in these countries ASIA: China, IndiaEUROPE: Austria, Belgium, France, Germany, Italy, United Kingdom, Portugal, Spain, TurkeyAFRICA: Burundi, Rwanda, Tanzania, Uganda, MadagascarCOMING SOON: Canada, USA & Australia among other countries
    • sawsanenn
       
      this excerpt shows countries that simbapay is working with, plus the countries that will soon join the company. It will allow them to attract new customers from east
hibaerrai

Ghanaian agri-tech startup AgroCenta closes $650k seed round of funding - 0 views

  • Founded in 2015, AgroCenta is an online sales solution for smallholder farmers, with two offerings – supply chain platform AgroTrade, and financial inclusion service AgroPay.
    • hibaerrai
       
      AgroCenta has two different platforms; a supply chain one specialized in agricultural storages, seed sales, elevator services and basically the supply of primary elements. The fintech has also a financial services platform Agropay which is basically about loans and e-payments.
  • Disrupt Africa reported yesterday AgroCenta was one of six African startups awarded non-equity funding by the GSMA Ecosystem Accelerator. Though the startup’s co-founder and chief executive officer (CEO) Francis Obirikorang declined to disclose the breakdown of equity versus grant cash, Disrupt Africa can confirm that the GSMA input is worth around US$250,000. Obirikorang said the funds will be used to scale up AgroCenta’s operations in Ghana, while the GSMA grant is more specifically geared towards the AgroPay platform, which provides any smallholder farmer who has traded using AgroTrade with a financial statement they can use to get access to finance.
    • hibaerrai
       
      AgroCenta was granted about 650000$ in order to grow its activities as its potential is clear. The agritech was granted 250K from GSMA ecosystem only as well.
nouhaila_zaki

SimbaPay Mobile international payments | Stanbic Bank Kenya - 0 views

  • Stanbic Bank and SimbaPay have partnered to offer you a solution that allows you to make international payments via M-Pesa’s Paybill
    • nouhaila_zaki
       
      This excerpt is important because it does not only introduce the partnership between Stanbic Bank and SimbaPay, but also how this collaboration allows customers to make international payments through M-Pesa's Paybill (M-Pesa being another partner of theirs).
nourserghini

M-PESA Beats Parent Company as Kenya's Top Superbrand - 0 views

  • Safaricom’s M-PESA has been named as Kenya’s top superbrand.The mobile money product was also ahead of its parent company, Safaricom, in the last survey.Safaricom was placed second during this period’s review.The announcement implies that M-PESA’s continues to be solidified, and continues to play a key role in the running of SMEs.
    • nourserghini
       
      M-pesa has been extremely performant in Kenya to the point that its usage has surpassed its parent company Safaricom's usage.
chaimaa-rachid

Pay with your phone using SnapScan | Standard Bank - 0 views

  • No need to carry cash, wait for the card machine or enter your card details with every online purchase. With SnapScan you can use your smartphone to make payments, send money to friends and earn UCount rewards points. SnapScan is compatible with most bank cards, as well as the Standard Bank virtual card.
    • samiatazi
       
      Thanks to SnapScan carrying a mobile phone is equivalent to carrying a digital wallet for e-payments and transactions. Most importantly, customers like this app for being free, safe, easy and convenient simultaneously.
    • kenzabenessalah
       
      Since SnapScan allows people not to carry real cash, this reduces the risk of having stolen money.
  • Safe Your card details are securely encrypted (we don't have access to them, nor does the shop you're buying from)
  • Easy Just download the app and link your cheque, credit or debit card (SnapScan works with any South African bank, and prominent international credit cards) Pay with your phone using SnapScan | Standard Bank Created with Sketch. Pay with your phone using SnapScan | Standard Bank Created with Sketch.
  • ...3 more annotations...
  • Free Pay no additional fees to use SnapScan (only your network service provider’s standard data charges and bank fees apply)
  • Convenient Pay for the goods and services that you want, wherever you are, without needing to carry cash or cards
  • No need to carry cash, wait for the card machine or enter your card details with every online purchase. With SnapScan you can use your smartphone to make payments, send money to friends and earn UCount rewards points.
  •  
    SnapScan facilitates payments by using only a mobile phone to keep customers happy.
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