RISE’s Post

🔍 Understanding Brand Perception: Insights from Kenya's Microfinance Sector As we start the week, delve into our latest findings from the Brand Perception Survey on Kenya's microfinance banks. Our research unveils how customers perceive these institutions rating their trustworthiness, satisfaction levels, and expectations for improvement. These insights are crucial for shaping strategies that enhance service delivery and customer satisfaction. Discover what Kenyans think about interest rates, service quality, and more. Explore our detailed report to stay informed about the evolving landscape of financial services in Kenya. Learn more: https://lnkd.in/dm3jvRgU #marketresearch #customerfeedback #microfinancekenya #financialinsights #business #kenya #innovation

Abhi (YC S21), a renowned #financial services provider, has announced a strategic collaboration with Mastercard, a global leader in the payments industry, to introduce Mastercard-enabled Salary Advance Cards in #Pakistan. This groundbreaking initiative aims to revolutionize financial accessibility for employees, granting immediate access to their earned wages. By leveraging Mastercard's advanced technology, this partnership seeks to enhance financial #flexibility and #inclusivity, ultimately contributing to Pakistan's economic development. Ali Ladhubhai, Co-Founder and COO of #ABHI, emphasized the initiative's significance, stating, “Our goal is to enhance financial inclusion and support the workforce by providing easier access to earned wages, ultimately improving their financial well-being.” This collaboration underscores a shared commitment to empowering individuals and driving positive change in Pakistan’s financial landscape. Arslan Khan, Country Manager, Pakistan at Mastercard, highlighted the alignment with Mastercard's mission, saying, “Our collaboration with ABHI aligns with our mission to provide innovative payment solutions that benefit both individuals and the broader economy.” The Salary Advance Cards are expected to set a new standard in employee financial services, offering a model that could inspire similar advancements in other markets. This initiative not only addresses the immediate financial needs of employees but also marks a significant milestone in the evolution of Pakistan’s payment infrastructure. #DigitalPakistan #TechUpdate

The nominal BankservAfrica Take-home Pay Index increased by 6.2% in Q1 2024, compared to the corresponding quarter last year. A good start to the year and an early indication that 2024 could turn out to be a better year for salaries, as the business environment is expected to improve somewhat compared to the previous two years.

Top Ethiopian Private Banks Leading the Charge with Executive Compensation – Who’s at the Forefront? The latest data on executive compensation across Ethiopia's top private banks for the fiscal year ending June 2023 highlights significant disparities in remuneration packages. Awash Bank tops the list with a whopping 265 million Birr, significantly boosted by share-linked compensation, setting it apart from its competitors. Nib International Bank follows at 59 million Birr, while Cooperative Bank of Oromia and Dashen Bank both sit at around 52 and 53 million Birr, respectively. This trend reflects the increasing complexity and responsibility placed on leadership in Ethiopia’s financial institutions. Attractive compensation packages are crucial for retaining top-tier talent, particularly as banks navigate a fast-evolving economic landscape. Stay tuned as we delve deeper into the implications of these compensation trends on the future of Ethiopia’s private banking sector.

The Middle East; A Hub for Global Remittances The Middle East stands as one of the most dynamic regions for remittance flows. With a diverse workforce and strong economic ties to countries worldwide, the remittance industry here is essential not only for regional economies but also for countless families across Asia, Africa, and beyond. Countries like the UAE, Saudi Arabia, and Qatar are some of the top remittance-sending countries globally. Their robust economies enable millions of expatriates to send funds home, often supporting essential needs and investments. With digital transformation, the way money moves across borders has shifted. Today, faster, safer, and more affordable options are available, aligning with the needs of an increasingly tech-savvy population. Compliance requirements, currency fluctuations, and regulatory changes are some challenges. Yet, these open the door to innovative solutions tailored to meet the unique demands of this diverse region. At the heart of it all, remittances remain a lifeline and a testament to the resilience of the global workforce. Here’s to building a more connected world, one transaction at a time. #Remittances #MiddleEast #CrossBorderPayments #DigitalTransformation #FinancialInclusion

📊 Stay ahead in Kenya's banking scene! Our latest insights reveal why Equity Bank is the top choice for 43% of Kenyan consumers. Discover key factors like customer service and bank size driving retention and satisfaction. 💡 Elevate your bank's success with our Kasi Edge - try it FREE for 30 days! Act now before May ends.#BankingIndustry #ConsumerInsights #Kenya #KasiEdge #FreeTrial Get Your 30-Day Trial https://lnkd.in/gEAibZm4

I was excited to participate in the Lafferty Retail Banking Council Africa meeting on April 17th &18th . My presentation focused on propelling the growth of women led SMEs banking & women’s wealth and family offices. SMEs play a major role in most economies and are critical in creating wealth . In Kenya 40% of micro and formal SMEs are owned by women according to the Economics Kenya Labour Force Report of 2022. These businesses are privately or jointly owned hence the need for wealth management and tailor made solutions to address investment, succession and other unique needs of these enterprises.

Struggling with low approval rates? In Egypt, challenges with international payments can impact sales. PayFuture’s local integrations help improve these rates, minimising declines and boosting your revenue. 👉 Learn how we can help: www.payfuture.net #ApprovalRates #EgyptEcommerce #BusinessGrowth #innovation #PayFuture #EmergingMarkets

The upward momentum for salaries continued in September with easing inflation levels and lower interest rates benefiting earners, boosting their spending potential ahead of the major year-end shopping days. Find the latest BankservAfrica Take-home Pay Index report here: https://lnkd.in/dCHf-7EX #salaries #inflation #interestrates #consumerspending Elize Kruger, Shergeran Roberto Naidoo

The following table provides a detailed comparison of Absa Bank Kenya's financial performance between the years 2022 and 2023, highlighting key metrics that reflect the bank's operations and growth during this one-year period. As a cornerstone of Kenya's banking sector, ABSA Bank has continually adapted to market dynamics and evolving economic landscapes. By analyzing these financial indicators side by side, decision-makers can gauge the bank's response to prevailing economic conditions, strategic initiatives, and market challenges, aiding in informed decision-making and future planning efforts. #AbsaFY2023FinancialResults #YourStoryMatters