The Gaykery Is Denver’s Latest Cell Bakery Serving Southern Fashion Consolation Meals and Candy Treats

If you’ve ever hung around one of Denver’s endless breweries and heard the car horn go by like a car horn, you’ve been in the presence of The Gaykery Food truck and its southern baked goods.

This mobile bakery specializes in a unique combo that completely embodies its owner Joel Brandon Tullos – a southern Mississippi transplant with a mission to connect people of all walks of life regardless of religion, race, ethnicity or sexual preference. While brainstorming various bakery names, Tullos let himself be partly about his own sexual orientation and that Master class cakeshop incident this was seen as a violation of anti-discrimination laws when refusing to bake a gender transition cake. Today The Gaykery serves as a beacon for inclusivity.

Tullos moved to Colorado eight years ago after a trip to the Boulder area. Just two months later, he started looking for jobs in Mile High City and was preparing to move. While studying cooking at Johnson & Wales University, he interned with La Fillette bakery where he got his first professional cooking job after graduating.

All photographs by Roxanna Carrasco.

Tullos only bought a food truck in April 2021 and finally started his own pastry shop at the end of June 2021. As a long-time home baker and now a professional baker, Tullos would definitely not find a niche in this traveling bakery in Denver.

“As southerners, we have to cook. And as a trained baker, I wanted to combine both. I noticed that food trucks have these glass cases on the windshield, but they never use them. It’s the perfect pastry shop, ”said Tullos.

While not all baked goodies are fully prepared on the truck, The Gaykery operates a communal kitchen that makes batches of cookie dough and pastries. After the transport to the truck, the oven and deep fryer are available for freshly baked delicacies. The same goes for its hearty menu items. Some of these key ingredients, such as raw seafood or poultry, cannot be cross-contaminated – so these are also prepared in the kitchen, stored in the refrigerator, and later roasted or grilled to order on the truck.

While it may seem difficult to juggle a full menu of both sweet and savory items on a food truck, Tullos is masters of the craft. When he grew up, he always mixed different ways, whether with pastries or fried southern food – nothing in the culinary world is taboo.

Some of the menu staples include Chicken and Waffles ($ 13), Shrimp and Grits ($ 14), French Macarons ($ 2.50 each) and various flavored biscuits. The hearty fare in the fare directly reflects the southern roots of Tullos. “I can’t go home if I can’t cook good chicken,” said Tullos.

This slideshow requires JavaScript.

While dessert options fluctuate with the season, the macaron flavors change every few weeks. Winter brings a caramel apple, rosemary blueberry and spicy chocolate macaron to the menu. Some additional goodies that are planned for the holiday season include Ice-cold shortbread and creme brulee biscuits, biscuits decorated with Hannukah and even chicken and dumplings.

The constantly adapting pastry shop is the perfect vessel for Tullos’ culinary curiosity and passion for delighting its customers.

“I’m building a fan base of really great people who accept people from all walks of life. It’s nice to see that there is something like that in this world, ”said Tullos.

The Gaykery can be found in various breweries in the greater Denver area. You can find the weekly schedule online here.

All photographs by Roxanna Carrasco.

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Cellular Cash Market Dimension to Attain USD 142260 Million by 2027 at CAGR 21.2%

Bangalore, India, August 2, 2021 / PRNewswire / – The Mobile money market is segmented by type (P2P, P2B, B2P, B2B), by application (media, entertainment, medicine, retail, tourism, hotel, transport and logistics, energy, utilities, other). The report includes global opportunity analysis and industry projections from 2021 to 2027. It is published in Rated reports among Finances Category.

The global mobile money market size is expected to reach $ 142,260 million until 2027, from $ 35,920 million in 2020 at a CAGR of 21.2% over the forecast period 2021-2027.

The main drivers for the growth of the mobile money market are:

The growing number of mobile subscribers is driving the growth of the mobile money market. The growing number of mobile network subscribers represents an increasing potential for financial transactions with mobile phones.

The rise of advanced mobile applications and technological advances that ensure secure and fast transactions are expected to boost the mobile money market

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TRENDS THAT AFFECT THE GROWTH OF THE MOBILE MONEY MARKET

The increasing adoption of mobile POS is expected to fuel the growth of the mobile money market. The ability of the smartphone to accept payments on site is fully exploited by the mobile point of sale. Because transactions are encrypted and no card information is stored on the mPOS device, liability is limited, reducing the risk of security breaches and making regulatory compliance easier and faster.

Cashback discounts during payment are another important factor that will fuel the mobile money market. Customers are increasingly interested in mobile wallets that offer discounts at the time of payment. Most mobile wallets now allow customers to retain all of their information, including debit and credit card information, discount and reward information, which simplifies transactions. All of these remarkable benefits are enticing a growing number of people to use mobile money and mobile wallet apps.

Consumers and businesses are being forced to adjust their shopping behavior due to the COVID-19 pandemic, which has had a major impact on the mobile money market. As contactless payment for transactions becomes more and more important, the acceptance of mobile wallets has skyrocketed. Many customers have turned to mobile wallets to avoid cash and card transactions to keep the COVID-19 from spreading.

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MOBILE MONEY MARKET SHARE

Depending on the type, the segment is expected to be the most lucrative from person to person. Person-to-person payment (P2P) providers are growing in popularity as they make it possible to carry less cash and do online banking and payments.

Depending on the region, Asia-Pacific is likely to be the most lucrative segment. Due to the increasing smartphone penetration in the region, operators have the opportunity to introduce innovative mobile wallet services, the region is leading in the introduction of mobile money solutions.

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Major Players in the Mobile Money Market

  • Vodafone
  • Gemalto
  • FIS
  • Google
  • MasterCard
  • Bharti Airtel
  • orange
  • Monize
  • Mahindra Comviva
  • PayPal
  • Other

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SIMILAR REPORTS

– The globe Mobile Wallets and Payment Technologies Market Size is expected to reach $ 110,740 million until 2027, from $ 34,470 million in 2020, with a CAGR of 17.6% over 2021-2027.

– The globe Contactless Payments Market Size is expected to reach $ 23,410 million until 2027, from USD 10,260 million in 2020 with a CAGR of 12.0% over the period 2021-2027.

– The globe Payment Processing Solutions Market Size is expected to reach $ 52,060 million until 2026, from $ 33,810 million in 2019 at a CAGR of 5.9% over the forecast period 2021-2026.

– The globe Digital Loan Platform Market Size was rated with $ 5.58 billion in 2019 and is expected to reach $ 20.31 billion by 2027 with an annual growth rate of 16.7% from 2020 to 2027.

– The globe Mobile payments market Size was rated with $ 1.48 trillion in 2019 and is expected to reach $ 12.06 trillion by 2027 with an annual growth rate of 30.1% from 2020 to 2027.

– That Mobile Wallet Market Size was rated with $ 1,043.1 billion in 2019 and is expected to reach $ 7,580.1 billion by 2027 with an annual growth rate of 28.2% from 2020 to 2027.

– The globe Personal Finance Software Market Size was rated with $ 1,024.35 million in 2019 and is expected to reach $ 1,576.86 million by 2027 with an annual growth rate of 5.7% from 2020 to 2027.

– The globe Personal Financial Management Tools Market Size is expected to reach USD 4,339.6 million until 2027, from $ 1879.3 million in 2020 with a CAGR of 12.7% over the period 2021-2027.

– The globe Remittance market Size was rated with $ 682.60 billion in 2018 and is expected to reach $ 930.44 billion by 2026, with a CAGR of 3.9% from 2019 to 2026.

– The globe Digital remittance market Size is expected to reach $ 21,420 million until 2027, from $ 3,889.5 million in 2020, with a CAGR of 27.6% over 2021-2027.

Global Mobile Payment Systems Market Size, Status and Forecast 2021-2027

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Complaints in opposition to cell cost apps like Zelle, Venmo surge 300% as customers fall sufferer to more cash scams

Complaints against some digital payment services and apps like Venmo, Cash App, or Cell are soaring, according to a disturbing new report.

Non-Profit Research Group of Public Interest in the United States [PIRG] Major issues include fraud, problems using accounts, and poor customer service. The group analyzed more than 9,200 complaints filed with the Consumer Financial Protection Bureau from 2017 to April 2021.

The report found that more than 2,700 complaints were filed from January to April this year – compared with just over 600 in the same period last year.

Around four out of five Americans use mobile payment apps.

One of them is Luke Krafka, a professional cellist from Long Island, new York. Krafka often plays in concerts with rotating musicians who are usually paid for in cash – and he says mobile pay apps made this task a lot easier.

“Paypal, Venmo, Cash-App, yes. There is no paper, no checks, no waiting,” he told the CBS News Consumer Investigative Correspondence Anna Werner. “You get paid instantly, go to your bank account.”

Trending news

In October 2019 a new customer got in touch to hire him for a wedding.

“It was a normal wedding. And I reached out to my friends who are good for the gig, ”he said.

The customer told him he would send a check for about $ 1,000 for Krafka and another $ 950 to pay for the customer’s “Sound Man” – which he then asked from Krafka via a mobile payment app.

“I said, ‘Look, if you send me the money, it’s not a problem, that’s fine,'” Krafka remembers.

Mobile payment apps allow users to pay others instantly, via Bank accounts or credit cards connected to the app.

Their simplicity is usually a good thing, but not always, as Krafka found out after depositing the wedding clients’ check for $ 1,960.

“I checked the next day and the full amount was in my bank account,” he said.

Then, as requested, he sent the customer’s “soundman” $ 950 via the cell payment app.

“I think it was the next day that the check broke,” he said. “And when that happened, I slowly started putting it all together.”

The people who supposedly hired him stopped answering his calls – and he’d lost the $ 950.

“I said I think I was betrayed,” said Krafka.

PIRG’s report addressed over 9,000 complaints to federal regulators about digital wallets and payment apps, including PayPal, Venmo, CashApp, and Cell.

They found that those filed between January and April this year were more than 300% higher than the same period last year – with many losing money to fraud or fraud.

“If it’s a scammer, he won’t come back,” said Ed Mierzwinski, who oversees the PIRG’s federal consumer program.

Unlike credit or even debit cards, app transactions are instant, Mierzwinski said.

“There are no rules that protect you very well when your money goes from your account to someone else’s account,” he said.

It is especially difficult when the betrayed user initiated the transaction.

Krafka said he reached out to his bank to get the money back but was told they couldn’t help him.

“I was surprised that there was no legal recourse and that when it is finished it is finished and there is nothing more to be done,” said the professional musician.

Cell did not want to comment on Krafka’s case, but said his top priority was “protecting consumers from fraud and fraud”. The company offers a comprehensive list of recommendations on the website so that consumers can protect themselves.

Cash App has a consumer help center online and on their mobile app as well as a 7 day one Customer service phone number, and encourages people, “If you think you may have been a victim of fraud, contact Cash App Support immediately through the app or website.” They also offer articles about recognize and avoid Scam on their website.

Venmo and Paypal are challenging consumers who think they did fallen victim to fraud to “contact customer service directly”. They provide resources on what to look for and how to report it on your website.

“We also recommend that customers get in touch spoof@paypal.com to share information about suspected spam. Our dedicated security team will review the information and take action if necessary, “the company website says.

All of the app companies told CBS News that they are working to stop bad actors and have processes in place to spot scams. They also warn consumers to be vigilant and only send money to people they know – not strangers.

Worldwide Cellular Peer-to-Peer (P2P) Cash Switch Business

Dublin, May 24, 2021 (GLOBE NEWSWIRE) – The “Mobile Peer-to-Peer (P2P) Money Transfer Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast, 2021-2029” Report was added ResearchAndMarkets.com Offer.

Globally, the market for peer-to-peer mobile money transfers (P2P) is expected to grow at a CAGR of more than 18% in the forecast period from 2021 to 2029.

In the past ten years, the use of smartphones has increased significantly worldwide. The number of smartphones rose from 1.57 billion in 2014 to 2.53 billion in 2018. This growth is due to the increasing disposable income of the population worldwide as well as the emergence of low-cost smartphone manufacturers in the Asia region. In addition, the increasing use of internet services has also led to the introduction of smartphones. The total number of Internet users worldwide was estimated at around 3.8 billion in 2018, compared to 3.65 billion in 2019. The development of network infrastructure and the drop in prices for data services have promoted the acceptance of Internet services in all countries. In addition, the government’s supporting initiative to promote digitization has further accelerated the introduction of Internet services.

In addition, the emergence of fintech players has paved the way for the development of the peer-to-peer mobile money transfer market. As the competition among market participants increases and the customer becomes stronger, the need for more customer-oriented products also increases. The fintech player combines the skills of the financial institutions and the technology field and develops advanced customer-centric products to meet the demands of customers. This opens up numerous opportunities for the development of the peer-to-peer mobile money transfer market.

NFC technology is expected to grow at a higher CAGR over the forecast period

The market is divided into NFC (Near Field Communication) technology, mobile apps and text-based payment solutions based on the technology. NFC technology is expected to grow significantly over the forecast period. The growth of the market is being driven by the rapid integration of the NFC tags and readers into the smartphone for short-range communication. As the competition among smartphone manufacturers increases, the players use the R&D activities to improve the properties of their product. Additionally, the increasing adoption of the touchless payment solution around the world continues to increase the demand for NFC technology.

Asia Pacific has the fastest growth

Asia Pacific is a leader in the peer-to-peer mobile money transfer (P2P) market. The large number of smartphone and internet users in emerging countries such as China and India supports the market growth. The Asia-Pacific region is home to more than 50% of smartphone users around the world, and it is estimated that the number will continue to grow significantly in the future. The availability of inexpensive smartphones and the increasing disposable income of the population in the region support the increasing acceptance of smartphones in the region. In addition, the supporting government initiatives to promote digital payments are accelerating market adoption for peer-to-peer mobile money transfers. In addition, the presence of mobile payment giants such as Alipay and WechatPay in the region offers great opportunities for the development of the market.

The main players in the peer-to-peer mobile money transfer market are Square Inc., Circle Internet Financial Limited, Paypal, Tencent, ClearXchange, Dwolla Inc., SnapCash, One97 Communication Ltd., CurrencyFair Ltd., TransferWise Ltd., Alipay and Samsung Pay, Google Pay, and Apple Pay.

Historical & forecast period

This research report provides the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for the respective segments, calculated for the forecast period from 2021 to 2029.

Important questions answered in this report

  • What was the size of the peer-to-peer mobile money transfer market in 2020 and is projected to be by 2029?
  • What is the largest regional market for peer-to-peer mobile money transfer markets?
  • What are the major trends in the Peer-to-Peer Mobile Money Transfer Market in Different Regions?
  • Who are the key companies in the peer-to-peer mobile money transfer market?
  • What are the key strategies of the leading peer-to-peer mobile money transfer companies in the market?

Unique data points of this report

  • Statistics on peer-to-peer mobile money transfers and spending worldwide
  • Recent trends in various regions regarding the adoption of peer-to-peer mobile money transfer systems
  • Notable developments in the peer-to-peer mobile money transfer industry
  • Attractive investment offer for segments and geography
  • Comparative scenario for all segments for the years 2020 (current) and 2029 (forecast)

Main topics covered:

Chapter 1 Foreword

Chapter 2 Summary

Chapter 3 Market Dynamics

Chapter 4 Global P2P Mobile Money Transfer Market By Technology
4.1 Overview
4.1.1 Global P2P Mobile Money Transfer Market Value Share by Technology, 2020 and 2029 (Value,%)
4.2 NFC
4.2.1 Global Market Value for P2P Mobile Money Transfers by NFC, 2019-2029 (in MILLION USD)
4.3 Mobile apps
4.3.1 Global Market Value for P2P Mobile Money Transfers from Mobile Apps, 2019-2029 (in MILLION USD)
4.4 Text based
4.4.1 Global Text-Based P2P Mobile Money Transfer Market Value, 2019-2029 (Millions USD) 4.4.1

Chapter 5 Global P2P Mobile Money Transfer Market by Location
5.1 Overview
5.1.1 Global P2P Mobile Money Transfer Market Value Share by Location, 2020 and 2029 (Value,%)
5.2 Remote Payment
5.2.1 Global Remote Payment P2P Mobile Money Transfers Market Value, 2019-2029 ($ Mn)
5.3 Proximity Payment
5.3.1 Global P2P Mobile Funds Transfer From Proximity Payments Market Value, 2019-2029 ($ MILLION)

Chapter 6 Global P2P Mobile Money Transfers Market By Application
6.1 Overview
6.1.1 Global P2P Mobile Money Transfer Market Value Share by Application, 2020 and 2029 (Value,%)
6.2 Retail
6.2.1 Global Retail Mobile P2P Money Transfers Market Value, 2019-2029 (In MILLION USD)
6.3 Travel & Hospitality
6.3.1 Global Travel & Hospitality P2P Mobile Money Transfer Market Value, 2019-2029 (in MILLION USD)
6.4 Transport & logistics
6.4.1 Global P2P Mobile Money Transfer Market Value of Transportation & Logistics, 2019-2029 (in MILLION USD)
6.5 Others
6.5.1 Global Market Value for P2P Mobile Money Transfer from Others, 2019-2029 (in MILLION USD)

Chapter 7 North America P2P Mobile Money Transfers Market Analysis, 2019-2029 (In MILLION USD)

Chapter 8 Europe P2P Mobile Money Transfers Market Analysis, 2019-2029 (In MILLION USD)

Chapter 9 Asia-Pacific P2P Mobile Money Transfers Market Analysis, 2019-2029 (In MILLION USD)

Chapter 10 P2P Mobile Money Transfers Market Analysis for Rest of the World (RoW), 2019-2029 (Millions USD)

Chapter 11 Company Profiles
11.1 PayPal Inc.
11.2 Tencent
11.3 Square Inc.
11.4 Circle Internet Financial Limited
11.5 ClearXchange
11.6 SnapCash
11.7 Dwolla Inc.
11.8 One97 Communication Ltd.
11.9 TranferWise Ltd.
11.10 CurrencyFair Ltd.
11.11 Alipay
11.12 Google Inc.
11.13 Apple Inc.
11.14 Samsung Pay

For more information on this report, see https://www.researchandmarkets.com/r/nz67dy

Biz Bits: Cash in cell houses proven in Lincoln sale | Native Enterprise Information

Pandemic Pole Position

Last weekend, Lincoln gave a taste of what a post-pandemic recovery will look like, with more than 30,000 fans at the Nebraska Spring Game and thousands more in town for NU baseball and the Lincoln Marathon.

While we are far from getting back to normal, Lincoln has in some ways recovered more from COVID-19 than any other city in the US

According to personal finance website WalletHubLincoln had the best employment recovery out of 180 cities surveyed.

Single Barrel doubles in a new location in downtown Lincoln

The study, which was based on March numbers, showed that Lincoln had the second lowest unemployment rate overall, along with the fourth best rate compared to March 2019 and the fifth best rate compared to January 2020 (the last full month most of them had The U.S. was unaffected by the pandemic. Omaha ranked third in the same report, which likely contributed to Nebraska as a whole ranking fourth in overall recovery from COVID-19 in a separate report WalletHub study.

Hardworking Husker women

One factor that could make for a strong recovery in Nebraska is the work of women.

According to a Study by SkynovaNebraska mothers, a company that makes small business invoicing software, spent more hours at work between January and September 2020 than their peers in any other state.

Lafayette Hill-based E5 Cell Leisure reserving for events and occasions

E5 Mobile Entertainment books parties and events for the next 12 months. The gaming trucks offer children and adults an exciting birthday or other celebration with a variety of game systems and age-appropriate games as well as other experiences such as virtual reality, laser tag and lawn games. And yes, they have Fortnite, Mario, and Minecraft! The company is owned and operated by a local Lafayette Hill family.

A typical package for a birthday party includes:

  • Game truck
  • 7 TVs with the full game library
  • PS4s, Xbox 1s, Nintendo Switch
  • 15 to 28 players at the same time (based on COVID restrictions)
  • Play coach
  • Custom digital invitations
  • An E5 gamer t-shirt for the celebrant
  • Glow in the dark E5 bracelet for every participant
  • Person who manages the COVID security logs

The gaming truck isn’t just for kids. The gaming trailer is also a huge hit for corporate events, weddings, bachelorette parties, and other adult social gatherings.

Take a look inside and outside the E5 Gaming Truck Experience in the video above.

For more information or to arrange a party, contact E5 Mobile Gaming by emailing info@e5me.com, calling (610) 945-1897, or filling out the form Here.

Cellular testing unit was cash effectively spent

Officials at the Community Health Center in central Missouri said around 200 people received their first and second doses of COVID-19 vaccines thanks to a mobile unit that went live earlier this year.

In November, the Cole County Commission approved federal funding of a Coronavirus Aid, Relief and Economic Security Act for a 37-foot mobile trailer for COVID-19 testing, which could also be used to distribute COVID-19 vaccines. The total cost was $ 328,893. The unit arrived in January.

“We were also able to run about 200 COVID tests in the mobile unit,” said Crystal Sullivan, the centre’s chief clinical officer. “We were with the Salvation Army on Jefferson Street. We set up four different Jefferson City Housing Authority facilities, a nursing home and a behavioral health facility. We also went to home patients and gave them vaccinations.”

Sullivan said the unit had two fully equipped exam rooms, just like those available at the center on Christy Drive, along with other clinical equipment, including a freezer for storing vaccines.

When they recently ran clinics, Sullivan said they had patients reluctant to receive the COVID-19 vaccines.

“At first we had a lot of people interested in the vaccines, but we see them wear off a bit,” Sullivan said. “We know there are many people who have concerns or questions.”

Sullivan said they spoke to representatives from the Missouri NAACP, Missouri Faith Voices, Mid-Missouri Black Nurses Association, and others to offer support as they work to get people beyond vaccine hesitation.

“We hear it every day in the office, and for those with these concerns, it’s important to speak to people in your life who you trust,” she said.

This could be a doctor, a pastor, a family member, or a friend.

Sullivan said there is a lot of information on the internet and it can be difficult to determine what is trustworthy.

The idea of ​​a mobile unit was discussed several months after the pandemic started. However, the original proposal came when health center officials determined that the original mobile unit they requested would not be available by the end of the year, which would have excluded them from using federal COVID aid funds to purchase. They opted for another unit that could arrive in time for federal funding, and the County Commission approved the purchase.

“This will be available to the community for years to come,” Sullivan said. “We can’t just use it for testing and vaccination clinics. We could set up a mobile clinic to offer help to people with high blood pressure or diabetes.”

One of the uses Sullivan sees for the device is the annual Homeless Connect project. The meeting is designed to connect the homeless population of Jefferson City with shelter or shelter, counseling, food and clothing donations, ID cards, medical and health screening, and other services.

The Community Health Center serves Cole, Callaway, Moniteau, and Osage counties.

“If there is a need in mid-Missouri, we stand ready to take this unit wherever that need is,” said Sullivan.

Accel-backed cell cash platform NALA to start out providing remittance companies to East Africa – TechCrunch

According to a McKinsey reportIn 2017, the total number of mobile money services worldwide was 282, with more than half of the services operating in sub-Saharan Africa.

In 2020 these numbers increased significant, but the ratio remained similar. According to a GSMA report. Of this number, 171 are from Africa and 157 are from sub-Saharan Africa.

In Tanzania, there can be mobile money services relatively Difficult to use due to unstable internet and high service fees. Benjamin Fernandes noticed this as a national TV presenter on building a mobile money service that will enable people in East Africa to pay for TV subscriptions as early as 2011.

Six years later he started his own mobile money and wallet aggregator. NALAto solve these problems. Its first mobile application enabled users to pay mobile money and use mobile banking without an internet connection. The company grew to 250,000 users in over a year after it was officially launched.

Last year the WorldBank forecast a sharp decline of international transfers to Africa. While Africa is still the most expensive region to send money to, with average transaction fees of 10.6%, the opposite is true. Remittance activity on the continent increased.

For example, Kenya had the highest referral rate ever $ 3 billionwhile WorldRemit acquired Sendwave for $ 500 million in August 2020, and Mama Money said it grew 500 percent over the year.

NALA also noticed an increase in transfer requests, with one in seven users trying to get money internationally. This happened even though I was not in this business at the time. It’s not difficult to see why: right now, over 70% of money is sent to sub-Saharan Africa is being processed through physical deals. When many OTC services were suspended or restricted due to coronavirus restrictions, people were left with expensive, unreliable, or difficult to access alternatives.

Combined with the increasing trend towards digital-first financial services and eavesdropping on requests from some users, NALA began testing international money transfers in August 2020 facilitate Payments from the UK to Kenya, Uganda and Tanzania. By building a multi-currency ledger where people can send money from the UK to Tanzania and back to the UK, NALA can create an account, according to Fernandes wise for Africa.

I think international payments are only built up to 1% today. Until you can send money both ways perfect, Our job is not done yet, “Fernandes told TechCrunch. We believe African markets should also be sender markets. There is a lot of trade with other countries and most of the money is sent over expensive Bank transfers or in physical stores. It doesn’t have to be like that; It’s time for something better. ”

Various platforms are trying to achieve this, but none specifically target the East African region. According to the CEO, this is NALA’s game. “We see a great advantage for us here. We’re on the ground, we understand mobile money, we’ve built bill payments on top of our previous product, and this is an extension of that, ”he added.

Benjamin Fernandes (CEO, Nala)

Since graduating from Y Combinator as the first East African company in 2019 NALA has brought other interesting investors on board to support its mission. Most notable is Accel, which has was held under lock and key for some time. The VC firm rarely does business on the continent and has only invested in NALA and Egypt’s Instabug. Other supporters are NYCA partner and angel investors like Shamir Karkal (co-founder of Simple), Peeyush Ranjan (former CTO of Flipkart and current head of Google Payments) and Thomas Stafford (DST Global).

NALA has also used the services of Nicolas appreciates, He was Vice President of Engineering at Osper and worked at Monzo to become the company’s CTO, which Fernandes said will greatly improve the company’s chances of achieving its goal. “When we added someone of his caliber to our team, it only opened the doors to what we could achieve as he created multiple currency books for various large companies.”

Currently, however, the company will be rolling out a beta product next month for UK-based customers sending money to Kenya and Uganda (Tanzania will come later).. The company claims the service will support instant payments to all major mobile money accounts and is entering into a number of banking partnerships to make this possible facilitate Money transfers from East Africa to the UK.

Airtel Africa sells $200M cellular cash enterprise stake to TPG’s Rise Fund – TechCrunch

In February the telecommunications listed in London, Airtel Africasaid it plans to sell a minority stake in its mobile money business to raise cash and sell some assets.

The company appears to have found an investor when it announced this The Rise Fund, the investment firm’s global impact investing platform TPGwill invest $ 200 million in its mobile cash arm.

With the investment, the mobile money business – Airtel Mobile Commerce BV (AMC BV) – will be valued at $ 2.65 billion. AMC BV is a subsidiary of Airtel Africa and the holding company for several Airtel Africa mobile money transactions in 14 African countries including Kenya, Uganda and Nigeria.

AMC BV says the holding company will take advantage of the investment Reduce debts and invest in network and sales infrastructure in the respective operating countries. The deal will close in two tranches – $ 150 million invested on the first close and $ 50 million to be invested close on the second.

After the conclusion of the contract, Airtel Africa will continue to hold a majority stake in the company and is also looking into the possibility of going public within the next four years.

“Our markets do it considerably Market potential for mobile money services to meet the needs of tens of millions of customers in Africa who have little or no access to banking and financial services, and this demand is driving growth, ”said the CEO of Airtel Africa Raghunath Mandava said. “With today’s announcement we have to be glad We welcome The Rise Fund as an investor in our mobile money business and as a partner to help us realize the full potential of the considerably Opportunity to bank the Unbanked across Africa. ”

Airtel Mobile Money Business, one of the many players driving financial inclusion across the continent, offers a range of services. These include deposits and withdrawals for mobile wallets, payments for merchants and traders, credit transfers, loans and savings, virtual credit cards and international money transfers.

TypicallyThese services are available in all countries of operations with the exception of Nigeria. In the West African country, Airtel has embarked on a partnership with local banks, but has now applied for its own mobile banking license.

In its latest results for the third quarter of 2020, Airtel Africa testified a year-over-year revenue growth of 41.1% to $ 110 million, largely driven by a 29% growth in customer base to 21.5 million and a 9.7% ARPU growth. Transaction value increased 53% to $ 12.8 billion ($ 52 billion year-on-year) and underlying EBITDA was $ 54 million ($ 216 million year-on-year) on a margin of 48.7% ..

AMC BV benefits from a strong offline presence of kiosks, mini-shops and agents connected to the core telecommunications business. And meTo drive growth this year, the company has partnered with Mastercard, Samsung, Standard Chartered Bank and WorldRemit, among others, to expand both the reach and depth of its mobile money offering.

Yemi Lalude, a partner at TPG who leads Africa investments for The Rise Fund, said telecommunications is the gap between traditional financial institutions and the millions of Africans, given that financial inclusion is a global problem most acute in Africa closes without bank details.

“We look forward to working with Airtel Africa to improve mobile money services, expand use cases and enter new markets. With this investment in Airtel Africa’s mobile money business, we have are excited to expand the Rise Fund’s global fintech portfolio and further deepen our focus on improving financial inclusion in Africa and around the world, ”she said.

Last year TPG did more than $ 5 billion in assets under management invested $ 600 million in Reliance Jio. The telecommunications operator is a competitor to Airtel Africa’s parent company, Bharti Airtel. This is an interesting detail, even though the two systems address different markets.

Cell orchestra tries to convey cheer to Venezuelan streets | Arts & Leisure

BARQUISIMETO, Venezuela (AP) – Orchestral music envelops the streets of a Venezuelan city every time a truck loaded with musicians drives through traffic last year, attracting the attention of drivers and passers-by who take photos and stare at the vehicle. The live performance is an attempt to give people a little break from the coronavirus pandemic and other hardships.

On a hot afternoon that week, the musicians climbed onto the platform of the truck and began playing with face masks as they traveled through Barquisimeto, a town west of the capital, Caracas. Her instruments included a cello, violins, and even a Steinway & Sons grand piano.

“Music can not only entertain us, it can also transform us, heal us and soothe our emotions,” said José Agustín Sánchez, a Venezuelan pianist, composer and conductor who started the initiative.

Before the show began, Sanchez reminded the musicians that their upcoming performance was a “musical disinfection” that could provoke a range of emotions in them and their audience. He told them to be ready to be yelled at, but also to see someone clap and cry.

The tour started in front of a medical school next to a hospital. Sanchez was conducting the mobile orchestra from his piano as the musicians were sweating under the midday sun. The orchestra played for hours many of the tunes he wrote as the composer for the Caracas Municipal Symphony Orchestra.

In Venezuela, more than 140,900 infections and 1,364 deaths have been confirmed from COVID-19. Experts believe the low number of cases compared to other countries in the region such as Brazil, Colombia and Peru is largely due to the isolation Venezuela has experienced for years due to a political, economic and social crisis.

Barquisimeto is also known as Venezuela’s “City of Music” as it is the hometown of several musical instrument manufacturers, musicians and composers in the country, including Gustavo Dudamel, the music and artistic director of the Los Angeles Philharmonic in the USA, one of today’s great conductors.

Sanchez, 31, returned to Venezuela in 2017 after almost 11 years abroad. His travels took him to Tibet and Nepal, where, after several months of “exploring peace from the sound”, he decided to return to his affected country to deliver a message of unity.

He was out and about in Venezuela during the pandemic, playing on pickups, but also in medical facilities treating patients with COVID-19. His Instagram account contains videos of Sanchez wearing personal protective equipment from head to toe and playing the piano alongside patients and healthcare workers.

“It’s a worthy show, it’s beautiful,” said Zulay Chirinos Mariño, a 60-year-old Barquisimeto resident. “I have goosebumps.”

Associate press photographer Ariana Cubillos and writers Jorge Rueda from Caracas, Venezuela, and Regina Garcia Cano from Mexico City contributed to this report.

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