finserveafrica02-blog

[finserveafrica02-blog]

Maestro Payment Gateway is What Most Business Prefers in Kenya

Africa, a continent where digital innovation is still in its nascent stage and unlike the other neighbouring countries in Africa, Kenya has risen to the digital call more efficiently. Digital payments and transactions have been on the rise in Kenya and no one could doubt the fact that Maestro Payment Gateway is one of the most trusted payment gateway preferred by businesses in Kenya.

Mastercard has come up with one of its phenomenal debit card namely Maestro. The benefit which hinders along with the Maestro card is that it can be only used when transacted through a 3-D secure transaction.

The Advantages of Maestro Payment Gateway

There are many types of payment methods which are used for making digital payments which includes Visa, credit cards, American Express and of course Maestro Payment Gateway. The advantages which the later possess and what makes it different from the rest of the others are as follows:

Maestro card is supported by most of the banks and businesses.

The security of the maestro card is never in doubt due to its 3-D secure transactions.

The security of the maestro card is never in doubt due to its 3-D secure transactions.

Nearly all the currencies and countries around the world are supported by Maestro cards.

Before we go through the lists of specific payment gateways supporting Maestro card, let us look at the various factors to consider while comparing these payment gateways.

There would be many choices available in the market but not all will work well for your business. Here are the factors which you should consider while choosing mobile card payment service providers in Kenya:

Security: Confidential information is provided by you during the checkout and it is due to the fact that you trust the payment gateway. When checking the security of a payment method you should check the feedback from the previous buyers.

Fees Charged: The charges you are willing to pay for a payment gateway for your business and to have the safest gateways you will have to pay high interaction and maintenance fees.

Compatibility: You should check how well the payment gateway integrates into your business and is compatible. The whole process of integrating a payment gateway with your business should be smooth and easy for developers.

Acceptable Payment Methods: Not many payment gateways allow all the mode of payment, so the decision to use which one depends on your target clients, their location and the preferences.

There are a number of payment gateways based on the criteria discussed above through which you could easily choose one. While there are lots of other options available but when it comes to Maestro Payment Gateway in Kenya Jenga Payment Gateway is the most popular.

Thousands of businesses have trusted Jenga Payment Gateway and continuing to doing so. See their website, it says it all. It’s compatible with all kinds of cards, making the user experience seamless. If you are also looking for a payment method to be integrated, look no further. 

[finserveafrica02-blog]

What you must know about mKey

As technology breaks all kinds of boundaries across the world, industries and markets come closer than ever before. In the last five years alone, systems have become more efficient, communication has gone to another level and transactions have attained a maturity that was not to be seen before. Among the many crossovers that have made the day-to-day aspects in the lives of both business and consumer easier, is that of finance and technology. Each has met the other half and the result is fintech.

 This is a space where certain nations have already been performing really well and by and by, more are joining to enjoy the effects. While the UK, US and China have attained a sort of notoriety for the deals they have struck in the fintech space, other nations cumulatively are now contributing to almost 39% of the deals (according to a CBInsights Research Report). According to the same report, 1700 fintech deals were struck in 2018, amounting to $40 billion.

 As can be expected, this trend has had a butterfly effect and has been positively impacting other nations as well. Kenya, for example, which is an integral part of the sub-Saharan fintech. According to a Bloomberg report, the fintech industry will have a massive impact on the sub-Saharan economic output, which is estimated to rise from $40 billion to $150 billion by 2022. Even from the reference of keyboard apps, a technological enhancement that bypasses glitches created by a phone's stock keyboard, Kenya has been doing really well. Finserve Kenya launched mKey, which happens to be the nation's first keyboard app in 2018, and it's absolutely fundamental that you know the following features of mKey:

 - mKey allows businesses to borrow money up to KSH 1, 000, 000.

- The interest rate on those loans typically ranges between 1% and 9%.

- Just as one can borrow, mKey also enables the process of sending money to people on their mobile phones.

- There are multiple add-on financial services such as the payment of bills and buying goods and services through M-Pesa.

- mKey also comes with an evolved group account management system, so that money transfers and bill splits within a particular group becomes easy.

- Among several keyboard apps, mKey perhaps is the only one that works on a reward-based system. So, the more you use the app, the more reward you get.

- These rewards can be in the form of higher loan limits and greater airtime.

[finserveafrica02-blog]

Finserve is all you need for Instant Loan in Kenya

Life is a never-changing process, whatever the time is good or bad, it passes. But during the ups and downs of life, at some particular time or phase, we need some cash which could fix our problem on urgent basis.

At these tough situations, we usually go for the general situation, asking cash from friends and family. But what about the worse case? What if your friends and family are out of cash and you need money on an urgent basis?

Relax! I am not making you nervous or scaring you, this happens with all of us. However, I am making you aware that your friends and family won’t come to your aid every time. 

And, for urgent basis, I won’t recommend you for bank loans as it would take time and might not happen on time.

So what are the options you are left with? 

Try entering the mobile loan services in Kenya which are not only fast but they would also provide you with the loan without any fuss, unlike any traditional banks.

Finserve: What it actually is?

The development of Finserve was done exactly to breakdown the financial barriers. It is there to solve all the complex financial and lifestyle obstacles by providing data and insights-driven culture to the people of Kenya. Finserve is dedicated to producing products and services which would provide richer customer experience and help out people not only in Kenya but all throughout the world.

mKey which is a digital banking service launched by Finserve Africa helps you get the requested amount at the much cheaper rate and fast approved than any other commercial banks at Kenya.

The application of mKey provides a lot more things to do, customers here can chat with their friends, read news, shop, pay bills, save money and most importantly take loans.

You could borrow an amount of 300 Ksh. to 1 million Ksh. at the interest rate of 9% from the Finserve website.

[finserveafrica02-blog]

Kenya fintech sector has seen a lot of growth in the recent times and the finance management sector in Kenya is witnessing enormous transition. Fintech helps businesses to process consumer data in real time and digitise transactions instantly, eliminating the delays related to insufficiency of ready cash or currency exchange.

[finserveafrica02-blog]

Applying the principles of management to the financial aspect of an organisation is called financial management. Financial management is crucial in any organisation. Planning financial resources, organising and monitoring the same and then controlling them helps in achieving the short-term and long-term goals and objectives of the organisation. Financial management encompasses everything related to funds- procurement, utilisation, accounting, risk assessment, lending and computation of profit and/or loss.

[finserveafrica02-blog]

The finance sector in Kenya has exploded into action with the power of fintech in recent times. As the cost of mobile phones has been steadily dropping, mobile phone ownership has seen a boom like never before, and this has made people look for and become aware of many things that can be done easily with their smartphones, and this ease has been the driving force behind the growth of fintech in Kenya. Finserve is a facilitator for finance management service providers in Kenya that has successfully leveraged the power of technology and developed the most advanced as well as easy-to-use fintech tools for the masses.

[finserveafrica02-blog]

We live in times of hyper-connectivity, and the wave of e-commerce that has taken over the globe has made it simple for businesses to cross regional boundaries and multiply growth as well as profits manifold. Have you taken the big leap and landed on the digital bandwagon already? Or are you still contemplating taking the big leap?

Fintech is an all-encompassing term that covers any technology tool or platform that finds use in financial services for businesses. Fintech is a rapidly growing sector worldwide, and adopting fintech for your business not only makes it easy for you to leverage the power of technology for various financial processes, it also reduces the costs incurred in executing these everyday processes, along with error free records, and improved customer experience. Additionally, it helps businesses dive into large-scale operations and global transactions.