">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Wednesday, January 27, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Business

Econet’s Cassava Fintech launches Sasai, a WeChat Pay clone for Africa

Milcah Lukhanyu by Milcah Lukhanyu
2 years ago
in Business, Startups
8 min read
0

Econet’s Cassava Fintech International (CFI), a fintech arm of Econet’s Cassava Group which offers international remittance services to all African countries has launched Sasai, a social payments platform with instant messaging, social media and mobile payments like Wechat’s WechatPay in a move to disrupt payments in Africa.

According to Cassava Fintech International Group CEO, Darlington Mandivenga, Sasai will include Pay, Chat and Explore features. Chat and Explore features will be instantly available globally while the payment section will be launched in markets where Econet Wireless Mobile Network Group operates then to additional markets across Africa on an ongoing basis.

Econet aims to launch Sasai in at least eight markets by March 2020.

“Sasai is a digital platform where social interactions and payments converge. It stitches and weaves into one platform features and services which are typically offered by separate companies via different mobile apps to become a one-stop-shop without having to leave the app. Sasai is an All-in-One App to Pay, Chat and Explore”, said Mandivenga.

This Sasai is not the first platform in Africa to combine social messaging apps with the mobile money payments system. Kenya’s Safaricom has been working on Bonga for several months now and announced it months before the launch of Cassava Fintech in South Africa in February this year.

Safaricom’s Bonga Sasa aims to facilitate peer-to-peer messaging and money transfer while Bonga Baraza will be a fundraising feature for harambees while Bonga Biashara will be a business-focused chat and money transfer platform all integrated heavily on M-PESA.

Another Kenyan firm, Finserve Africa also unveiled mkey, a Keyboard app and digital wallet which allows users to deposit, save and borrow apart from spending. Users can deposit money using Equitel Mobile, Eazzy Banking, M-PESA, Equity Agents and many more to come. With money deposited, a user can send it to the bank, send to a mobile number, send it to a social media contact, pay bills, buy airtime, buy goods, get a loan or withdraw the cash. mKey aims to break the dependence on M-PESA, a mobile wallet which has its own limitations. mKey also allows access to social media platforms such as Instagram, Facebook and WhatsApp among others.

READ  Tigo has spent $105,000 to transform education for needy primary kids in Tanzania

Related posts

Kenya’s Insuretech startup Pula raises $6m to scale up operations in 13 markets across Africa

January 26, 2021
0

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021
0

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
0

Free money transfer service Taptap Send launches its services to Kenya

January 22, 2021
0

Econet Group is therefore not the first one to enter this social payments market.

Cassava says its value proposition has unique bolt-on services such as the Cassava Home Wallet and the Breadwinner services which offer remitting customer benefits that are not offered by its competitors.

The Home Wallet service enables customers to open mobile money wallets in their countries of origin and send money into these wallets from anywhere in the world. These funds can be used to perform all mobile money wallet functions as if the customer was back home, including paying utility bills,buying groceries for loved ones, or paying school fees. This decreases the risk of abuse and the use of funds for purposes other than what the sender had intended, which is a major challenge in most African markets.

Readers 4,390

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Startups

Kenya’s Insuretech startup Pula raises $6m to scale up operations in 13 markets across Africa

January 26, 2021
0
Startups

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021
0
Startups

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
0
Startups

Free money transfer service Taptap Send launches its services to Kenya

January 22, 2021
0
Health

54gene launches a genome sequencing lab to track infectious and non-communicable diseases prevalent in Nigeria

January 22, 2021
0
Startups

Uganda’s Innovex raises funding from Gaia Impact Fund to enable remote monitoring for solar companies

January 22, 2021
0
Startups

Aerobotics Raises $17 Million Led by Naspers To Scale AI for Agriculture Globally

January 21, 2021
0
Startups

Tanzanian money remittance startup NALA is launching in the UK

January 21, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Samsung, Safaricom partner to push Samsung Galaxy S21 pre-orders

January 26, 2021

Safaricom’s M-PESA Bill Manager brings digital receitps, bills and invoices to businesses & landlords

January 26, 2021

8 Facts People Don’t Know About Bitcoin

January 26, 2021

Stranded in Lockdown? Here Are 3 Ways You Can Make Money Via Cryptocurrencies Online

January 26, 2021

3 Tips On Avoiding Cryptocurrency Scams

January 26, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: