Introduction The African mobile money market is one of the most successful mobile financial services (MFS) markets in the world. It has grown rapidly in recent years and is now used by millions of people across the continent. Mobile money has revolutionized the way people in Africa access financial services. In just a few years,…
Are you an aspiring entrepreneur thinking of how to start a business but do not know how to go about it? Then, the first thing to take note of is that the journey is not always easy. Starting a business from scratch is like embarking on an exciting and challenging adventure. Well, building a business…
The United States is home to many emerging peer-to-peer money transfer apps. Interestingly, P2P payment apps have become increasingly popular in recent years, as they offer a convenient and secure way to send and receive money from friends, family, and even businesses. With just a few taps on your smartphone, you can now easily send…
The Nigerian business landscape is always evolving, and as an entrepreneur, securing reliable funding can be the game-changer between triumph and stagnation in your business. The rigid prerequisites, collateral demands, and protracted approval processes of traditional banks have paved the way for fintech disruptors such as Renmoney and Carbon. Notably, these platforms offer swift and…
Digital lending companies are financial technology (fintech) companies that provide loans to individuals and businesses through digital platforms. In Nigeria, digital lending has gained significant popularity in recent years due to the high demand for credit and the limited access to traditional banking services. There are several digital lending companies in Nigeria, including Carbon, Renmoney,…
Palmpay Palmpay is a digital-only bank that offers a range of banking services via its mobile banking application. PalmPay is a product of Transsnet Group, the joint venture between NetEase Group (NASDAQ: NTES) and Transsion Holdings Group. PalmPay offers financial services to meet the daily needs of many users across Africa; like top-up funds electronically, making transfers,…
When a company’s offerings are out of touch with its target market, its performance tends to suffer dramatically. Every business needs to focus on offering its products to the right audience to increase sales and succeed. The key to achieving this lies in giving your company or product a tone that appeals to your target…
The Payment Processing landscape ISOs Independent Sales Organizations (ISOs) sell credit card processing services to merchants, and they act as intermediaries between merchants, payment processors, and acquiring banks. In some cases, they might actually be banks; for example, Wells Fargo is a Fiserv ISO. ISOs service merchant bank accounts and, at times, create the relationship…
Should we learn from mistakes and say we failed forward or pause and conduct an extensive test on about-to-be-launched strategies? In arriving at a winning formula in any new or existing enterprise, there is a possibility that several approaches are evaluated. The various impacts of these approaches on the business models are considered in developing…
The topic for this article is easily a controversial one! I’ll share my thoughts, and I will value agreeing or opposing views – Let’s learn!I will provide contextual definitions for a startup and a business to support my case.A Startup is a temporary organization in search of a scalable, repeatable, profitable business model to validate…