SmartPesa - FinTech

19/04/2022

We have BIG news to share! 🎉

SmartPesa is now part of the MYPINPAD group, putting us in an even better position to serve our customers internationally.

The combined entity will operate under the MYPINPAD brand as of 19th April 2022.

The deal positions MYPINPAD as the leading global provider in the rapidly expanding mobile payments acceptance market. The combined entity expects to double its existing footprint in APAC, LATAM, and EMEA, and target North America in 2022 and beyond.

https://mypinpad.com/mypinpad-and-smartpesa-merge/

MYPINPAD, a global leader in mobile-based payments acceptance and digital authentication solutions, and SmartPesa, a leading provider of payments and agency banking solutions, have agreed to merge.

18/03/2022

This month’s spotlight is on Product Director Raheel Zubairi. His work at SmartPesa involves managing projects across 3 continents, multiple time zones and varying cultures, with more on the way as we expand in Latin America.

"I start each day with a strong sense of ownership — to take on new challenges, motivate team members in meeting set goals, and watch our product take shape. There is nothing more inspiring than good customer feedback on the product we strive to make better every single day."

11/02/2022

The Global Payments Report 2021 by McKinsey sheds light on growth opportunities for merchant acquirers and the customer segment they will come from.

- $100 billion opportunity with SMBs by 2025
- Value-added services, where price sensitivity is lower and perceived value is higher

Four strategies for success:

✔️Partner with ISVs to better serve merchants
✔️Target broader share of merchants’ expense wallets
✔️Focus on specific industries (even regions) with tailored solutions
✔️Develop solutions for marketplaces such as Amazon Marketplace

🧰 How SP can support:

- Integration of non-financial services
- Manage Information System with detailed reporting
- Tried-and-tested PCI-certified solutions
- White labelled app and SDK capabilities

Despite challenges, the global payments sector is primed for a return growth.

10/02/2022

With transaction volumes increasing at breakneck speed, scaling the technology is not enough to achieve a sustainable competitive advantage.

Acquirers need to scale every part of the rollout – from the initial onboarding and approvals, to marketing outreach, reconciliations and service follow-ups. Complexity increases with the involvement of multiple stakeholders internally and externally, with varying demands according to local practices / languages.

The end goal should be to have merchants up and running within an hour of registration, and every part of the workflow digitized, automated and paperless.

Learn more: https://smartpesa.com/news-and-views/scaling-acquirer-workflows/

31/01/2022

From all of us at - Wishing everyone good fortune and happiness this Lunar New Year! 🏮🌸

28/01/2022

Financial is at the heart of all we do.

26/01/2022

Our clients increasingly rely on operational data to make critical business decisions. The need to provide a unified data source across teams means many are choosing to push data onto our platform and adopting single sources of truth (SSOT) through API integrations.

We integrate with acquirers' existing systems and help to:
- Sync customer info with merchant systems
- Manage secure sessions directly with payment hosts

While the SmartPesa platform has its own databases so integration is optional, doing this provides SSOT assurance and increases trust in data.

19/01/2022

Kicking off 2022 with exciting projects in South America, our Senior Developer Trung Nguyen shares his thoughts on in the new year.

17/01/2022

We help our clients with new product and scalable technology. But that is just the start. To really drive uptake requires scaling the entire workflow. Our founder Barry Levett shares how.

In an earlier article, we’d spoken about how acquirers could scale rapidly with SoftPOS. In the last two years, we’ve helped our clients accelerate merchant acquisition with SoftPOS implementation across three continents.

07/01/2022

Retail spending over the holiday season increased 8.5% y-o-y and online sales grew 11% to record levels in the US according to Mastercard's SpendingPulse report. Ecommerce sales continued to increase its share, making up 20.9% of total sales.

Growth at SmartPesa was even higher:
- December transaction volume was double that of prior months
- Overall volume was up fourfold y-o-y

Retailers are bracing themselves for the aftermath — Gift returns, which could be as high as 40% for some retailers. While costly, the ease of return is an integral part of the experience and a payments platform that provides unified statements helps support easy reconciliation across channels.

Returns are the cost of doing business for retailers. This year retailers can expect even more holiday returns than last and processing those returns to cost more too.

31/12/2021

Thanks for an amazing 2021. We can’t wait to see where the journey takes us next! From all of us at SmartPesa, a heartfelt thank you and warmest wishes for the new year. 🥳🥂

29/12/2021

Thank you to our esteemed partners and customers globally! In the words of our founder — We are humbled to have been able to collaborate with industry giants and trailblazers as we bring low-cost digital financial solutions across 3 continents to where they are most needed and can make the greatest impact.