FINTECH INNOVATION AWARD
Voting is now open for the East Africa Com FinTech Innovation of the Year Award
Airtel Uganda and Comviva for Airtel Money Uganda
Airtel Money is one of the leading mobile Financial Services in Uganda. Airtel Money leverages mobile technology to extend digital financial services to a financially underserved population and create a digital economy. Airtel Money provides a mobile wallet to consumers linked to their Airtel mobile number, allowing them to transfer money, get loans and make payments instantly, easily and securely, anytime, anywhere. Airtel Money can be accessed via USSD *185# or mobile App, 'My Airtel App”. Airtel Money is powered by Comviva's mobiquity® platform.
When Covid-19 struck, DPO Group quickly pivoted to support businesses across Africa with a high-end secure e-commerce payment platform – the DPO Store. The platform supports businesses, especially small and medium sized enterprises (SMEs) to take their first steps in e-commerce, allowing merchants to launch a free online store with an integrated robust payment solution, and to start selling online within 72 hours. DPO Group has helped thousands of entrepreneurs sell online, helping them reach global audiences and remain connected to their customers in the midst of the pandemic.
DPO Group’s e-commerce platform takes secure payment tech designed initially for international airlines and puts it in the hands of entrepreneurs across Africa. During a visit to Nairobi in 2006, former pilot and DPO’s CEO, Eran Feinstein was approached by a Kenyan airline looking for the technology to enable online bookings for international customers. On discovering that there was a gap in the market for the technology, Eran and DPO’s co-founder Offer Gat decided to develop the technology to allow airlines to accept online bookings from within and outside Africa.
Since then, DPO has expanded rapidly from a homegrown Kenyan payments company with a handful of clients in the aviation industry to a pan-African operation with presence in 19 African countries, working with over 40,000 active merchants across various sectors, including e-commerce, travel and tourism, transportation and delivery. Three more countries are planned to be added to DPO’s African footprint in 2021.
The DPO team’s hunger to find innovative solutions to everyday challenges has helped them build DPO into a force for connectivity and growth in Africa, creating the technology to change lives on a daily basis through quick, easy payments.
NALA is a cross-border money transfer app allowing people to send money from the UK to Kenya, Tanzania and Uganda. NALA was the first Y-Combinator company from East Africa. Prior to launching this app, the NALA team built a mobile money app for East Africa that grew to over 250,000 customers in just over a year and became East Africa’s #1 personal finance app on the Google Playstore. NALA’s mission is to increase economic opportunity for Africans worldwide. They believe that remittances are one of the best forms of economic development. NALA wants to use remittances as a foundation for new layers of banking services for the African diaspora and their loved ones back home.