OPay & Mastercard | May 19, 2022
Fintech giant OPay and Mastercard today announced a strategic partnership, which marks a significant boost for wider financial inclusion and economic prosperity by opening up digital commerce to millions of people across Middle East and Africa.
The collaboration enables OPay consumers and merchants in the region - including Algeria, Morocco, Egypt, Nigeria, Ethiopia, Kenya, Pakistan, South Africa and the UAE - to engage with brands and businesses anywhere across the globe, thanks to a Mastercard virtual payment solution linked to the OPay eWallet.
This partnership is the latest milestone in Mastercard's emerging market strategy where the technology company is collaborating with growing Fintech's such as OPay to expand access to digital payments, enable multiple lifestyle services, create new pathways to financial inclusion and support the next generation of super-apps. Consumers are increasingly looking for seamless user experiences on a single platform offering easier interactions to complete various day-to-day needs, including sending and receiving money, ordering food and groceries, organizing transport, lending, investing and listing items they wish to sell.
In the initial phase of this partnership, OPay customers will benefit from the Mastercard virtual payment solution linked to their OPay wallets, to shop at well-known global brands for leisure, travel, accommodation, entertainment, streaming services and more. The service is available regardless of whether or not the customer has a bank account. It also allows small business owners to purchase from suppliers abroad and pay with the secure virtual payment solution.
"At Mastercard, our innovation strategy is rooted in partnerships to support inclusion at scale. Our partnership with OPay demonstrates our commitment to supporting payments providers across the world to create an interconnected global payments ecosystem that benefits an array of consumers with unique needs."
-Amnah Ajmal, Executive Vice President for Market Development, Mastercard EEMEA
Yahui Zhou, CEO of OPay,said: As the leading fintech in the Middle East and Africa, we are delighted to be partnering with Mastercard as we continue on our journey to promote financial inclusion, helping to open up the global economy to more consumers and businesses across Middle East and Africa.
Since its operations started in 2018, OPay's active users have grown to 15 million in dozens of markets in which it operates. The company processes millions of transactions per day on average. In Nigeria alone, where OPay takes significant market share, users have saved billions of US dollars in the last four years through credit-linked savings accounts from their mobile wallets and small loans from lenders that use its platform.
Plans are in place to launch OPay services in other markets in the next three to five years, significantly driving the growth of digital inclusion and digital commerce, while at the same time widening OPay customer inclusion into the global economy.
Mastercard has made a worldwide commitment to financial inclusion, pledging to bring 1 billion people and 50 million micro and small businesses – with a focus on 25 million women entrepreneurs – into the digital economy by 2025.
OPay is a fast-growing mobile payment fintech company. OPay has achieved significant growth in the past three years and has become one of the largest fintech companies in Africa and Middle East with a decent market share in key markets including Nigeria, Egypt, and Pakistan among others. OPay offers bespoke services to different clients in order to suit their needs; some of these services include offline payment, online payment, digital wallet service through AI and other fintech innovations. OPay boasts over 15 million registered wallet users, 600,000 merchants nationwide and surpassed $6 billion in monthly transaction value.
Mastercard (NYSE: MA), www.mastercard.com, Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
FreshBooks | May 26, 2022
FreshBooks, a cloud-based accounting software provider, announced that it is expanding its invoicing software offering to meet the needs of New Zealand small businesses. This includes the creation of a new starter plan and competitive pricing packages with unique pricing, set in NZ currency.
“FreshBooks recognizes the depth and breadth of small businesses across New Zealand. We’re excited to help local owners impress their clients and get paid faster with our competitive new starter plan and invoicing software, FreshBooks is listening to the passionate small business owners in New Zealand by making it easier for them to digitize their invoicing.”
-Dragana Ljubisavljevic, SVP of International Markets at FreshBooks
The expansion in New Zealand arrives as small business owners look for invoicing software that is intuitive and simple to use. FreshBooks is different because it’s built exclusively for small businesses, making it easier to stay on top of invoicing. The company’s new starter plan in New Zealand lets businesses:
Send 2 invoices per month to up to 2 clients
Collect online payments without invoicing
Track unlimited expenses
Get paid with credit cards via Stripe & PayPal
Access their account from anywhere on iOS and Android devices
All pricing packages are being offered at new competitive rates.
The expansion in New Zealand builds on FreshBooks securing $130M in funding, bringing its valuation to over USD $1 Billion. With a mission to reach more customers in more countries around the world, FreshBooks also acquired German-based FastBill to strengthen global expansion plans.
Learn more about FreshBooks here.
FreshBooks is changing the way business owners manage their books. Its owner-first accounting platform, loved by businesses in over 160 countries, takes an easy-to-use approach to managing finances, billing, payments, and client engagement. FreshBooks, known for its 10x Stevie award-winning customer support, serves customers of all sizes from offices in Canada, Croatia, Mexico, Germany, Netherlands, and the US.
OneDirectory | June 29, 2022
OneDirectory, a leading software-as-a-service provider of modern employee directory software, announced the launch of its new employee directory pricing offer for small businesses.
Since 2010, OneDirectory has helped over 500 businesses implement employee directory solutions to better connect their people and offices.Traditionally, OneDirectory has served larger businesses but with recent shifts to remote and hybrid work, even the smallest of businesses are needing a tool to bring their employees together.
"Over the past year we've had an increase in smaller businesses reaching out and trialing our product,These are businesses with 100 employees or less that have wanted our product but our pricing plans have remained a roadblock."
-Lawrence Cawood, CEO at OneDirectory
To solve this OneDirectory created a new pricing plan to help smaller businesses gain the benefits of an enterprise employee directory solution.
The new small business plan is $79 per month for businesses up to 100 employees, which is a saving of 68% on the previous lowest plan. OneDirectory's other pricing plans range from $249 to $2,000+ per month.
"When tackling the SMB market many software providers reduce features and options for their smaller customers, So we've decided not to remove any product features from our new plan for small businesses."
-Greg Bennett, Head of Marketing at OneDirectory
When it comes to employee directories many small businesses have the same requirements as larger businesses, so OneDirectory made sure that their small business plan included all the following features: employee profiles, people search, office directory, skills directory, and org chart.
We're excited to bring our software to smaller businesses and see the impact it will have on employee collaboration and engagement, says Cawood. Businesses of all sizes are struggling to connect their employees, especially as hybrid and remote work is becoming the norm. At OneDirectory, we remain focused on solving this problem with our modern employee directory platform.
OneDirectory has six pricing plans tailored for different-sized businesses. The new plans are currently in effect as of 20th June 2022. The new pricing plans can be found here: https://www.onedirectory.com/pricing.
OneDirectory is a leading software-as-a-service provider of modern employee directory software that helps companies improve the efficiency of their digital workplaces. 500+ organizations rely on OneDirectory's employee directory platform to better connect their employees and offices.
Teslar Software | June 16, 2022
First Security Bank and Teslar Software announced their partnership to expedite and streamline processes across the bank’s loan department. The Batesville, Miss.-based bank plans to leverage Teslar’s configurable lending process automation platform, starting with the exceptions management module“From the beginning, we were impressed with Teslar’s robust products and how user friendly their technology is,” said Justin Hill, president of First Security Bank. “Efficiency is a top priority for us, and with Teslar, we are reimagining our lending operations. By automating our loan processes, employees will no longer have to navigate cumbersome, manual tasks. The time savings will result in faster loan turnaround times to our customers, improving their overall experience.”
Small business lending accounts are a significant portion of First Security Bank’s loan portfolio, and Teslar’s platform will allow the bank to better serve these businesses by providing exception tracking, centralized data and transparency into customers’ portfolios.
“Efficiency goes hand in hand with a bank’s success; the more productive an institution becomes, the more time they have to focus on strategic, growth-oriented initiatives, First Security Bank is empowering their lenders with the powerful tools and centralized data needed to effectively support the Mississippi communities that rely on them, and we are proud to be a part of their solution.”
-Joe Ehrhardt, CEO and founder of Teslar Software.
About Teslar Software
Teslar Software, founded in 2008, is a configurable lending process automation platform for community financial institutions. Teslar transforms commercial lending by providing easy access to centralized, relevant information to balance portfolios, optimize profits and help community bankers effectively serve their customers. Named Best Solution for Lending by the 2021 FinXTech Awards, Teslar Software continues to earn their reputation as a top technology provider for community institutions. Please visit www.teslarsoftware.com to learn more.