Connect with us

Tech

WhatsApp makes first move to charge business users

WhatsApp said it will soon begin to charge business users for sending marketing and customer service messages

Published

on

WhatsApp said it will soon begin to charge business users for sending marketing and customer service messages.

This would be its first move at charging users as the company faces slowing usage and revenue growth, the social network company said on Wednesday.

According to the messaging platform, messages from this category of users will be charged at a fixed rate for confirmed delivery, ranging from 0.5 cents to 9 cents per message and depending on the country.

Read Also: #Gadgets: The World’s most secure Private Messenger launches

In the face of increased cost of operation occasioned by the need to improve privacy safeguards and address concerns about social media addiction, Facebook has been looking for ways to monetize its WhatsApp service.

WhatsApp, which has around 1.5 billion users, said large businesses will be charged for sending non-promotional content, such as shipping confirmations, appointment reminders or event tickets.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

Egyptian supply chain startup, OneOrder, secures $3 million funding to scale up expansion plans

Published

on

An Egyptian supply chain solutions startup, OneOrder, has successfully raised $3 million in seed to enable it achieve its aim of expanding beyond the MENA region, the company’s cofounder and CEO, Tamer Amer, announced on Tuesday.

According to Amer, the funding was led by angel investor, Nclude with participation from Delivery Hero Venture and A15.

The company which was in 2021, enables restaurants to order food supplies directly on its platform, thereby helping to tackle shortages, price fluctuations, product consistency and accurate delivery.

“As a startup, OneOrder is able to improve such efficiencies across the supply chain by using its proprietary technology, which helps ensure product availability, as well as fast and accurate fulfillment,” Amer said.

“By using the platform, restaurants can order supplies for next-day delivery, eliminating the need to pay for additional storage and warehousing costs, as well as cutting costs by leveraging OneOrder’s economies of scale,” he added.

The company has so far raised $7.5 million since its launch last year. The latest round of funding, according to Amer, will also be used to “expand the team, invest in its proprietary technology, and grow the startup’s warehouse footprint across Egypt and the MENA region.”

“As a restaurateur myself, I have witnessed first hand the avoidable overheads and hassles HoReCa businesses go through in serving their customers.

“We are delighted by the level of adoption and growth we have recorded over the past year which is a testament to the fact that we are addressing a huge unmet demand in our region,” he added.

Continue Reading

Tech

Kenyan asset recovery agency drops fraud charges against Nigerian fintech startup, Kora

Published

on

Kenyan Asset Recovery Agency (ARA), on Monday, withdrew fraud and money laundering charges it had filed against against Nigerian fintech startup, Kora.

The charges against the Nigerian startup by the Kenyan agency were filed in July following accusations of money laundering and card fraud in the eastern African country, with the ARA going further to freeze the accounts of the company.

However, new court documents released on Monday show that the ARA has filed a notice of withdrawal of the charges at the High Court of Kenya at Nairobi Anti-Corruption and Economic Crimes Division.

In the document which was filed by state counsel, Stephen Githinji, on behalf of ARA director, the agency said that it had withdrawn its suit in its entirety.

Another document issued by the Kenyan Directorate of Criminal Investigation (DCIA), also confirmed that the agency has cleared Kora of any wrongdoing.

“Please note that investigations are now finalised. I would like to confirm that allegations of money laundering and card fraud against [Kora] were not established. Please treat this communication as final,” the DCI report said.

Kora’s Chief Operations Officer, Gideon Orovwiroro, in a statement, also confirmed the development.

“Kora has always maintained its innocence in this matter and we are glad that finally the ARA and the DCI have dropped all charges and ratified Kora.

“We’d also like to commend both agencies for their professionalism and thoroughness in seeing this investigation to the conclusive end,” says

“We are delighted to get back to building the most robust payment product on the African continent. We have some exciting announcements coming soon, including multi-currency bank account products for African businesses.

“This will empower merchants to have bank accounts in GBP, EUR, USD and other in-demand currencies. Kora is excited about this development as it is further proof of its commitment to enrich the quality of merchants’ payments and build more meaningful financial products.”

Continue Reading

EDITOR’S PICK

Sports6 hours ago

Qatar 2022: Morocco make history with World Cup win over Spain

The Atlas Lions of Morocco gave Africa a quarterfinals berth at the 2022 FIFA World Cup in Qatar after beating...

VenturesNow6 hours ago

Israel-based oil and gas firm, NewMed, signs exploration deal with Morocco’s energy ministry

Israel-based oil and gas firm, NewMed has signed a deal with Morocco’s energy and mining ministry and Adarco Energy for...

Politics7 hours ago

Ruling junta, politicians sign agreement for civil transition in Sudan. Will it work?

An agreement for a civilian-led transition that will last for two years has been made between Sudanese political parties and...

Musings From Abroad7 hours ago

Indonesia passes law that bans sex outside marriage, protest, others

Sex outside marriage is now an offence with a punishment of up to one year in jail in Indonesia, according...

Metro10 hours ago

Somali forces, local vigilantes, recapture strategic town from Al-Shabaab terrorists

The Somali National Army (SNA), alongside local vigilantes popularly called Mo’awisley, on Monday, recaptured the strategic city of Adan Yabaal...

Politics10 hours ago

Zambia’s Vice President, Mutale Nalumango, to visit Ivory Coast for summit on nutrition

Zambia’s Vice President, Mutale Nalumango is set to visit and attend the African Union (AU) High-level meeting to address issues...

Tech10 hours ago

Egyptian supply chain startup, OneOrder, secures $3 million funding to scale up expansion plans

An Egyptian supply chain solutions startup, OneOrder, has successfully raised $3 million in seed to enable it achieve its aim...

Culture11 hours ago

Eight years after, abducted Nigerian schoolgirls recaptured by French artist in art exhibition

Eight years after their abduction while preparing for the West African School Certificate examination in a school in Chibok town...

Metro12 hours ago

Tanzania President, Samia Hassan, cancels country’s Independence Day celebrations: Here’s why

Tanzania’s President, Samia Suluhu Hassan, has cancelled the country’s Independence Day celebrations which was scheduled for Friday, December 9, and...

Musings From Abroad1 day ago

US President, Joe Biden, signs legislation against planned rail workers’ strike

The United States President, Joe Biden has signed legislation to block a national railroad strike that could have devastated the...

Trending