In a move it says is set to “boost the transition towards a cashless economy and support the national digitalisation agenda”, UAE operator du has announced the launch of du Pay, offering what it calls transformative fintech solutions for UAE…
Remittance deals continue to hog the fintech headlines in Africa. MTN MoMo, Mastercard and Equity Bank Kenya are the latest companies to make announcements about plans to serve the vast African remittance market.
Mastercard and pan-African digital payments company Onafriq announced on Monday that they are collaborating to increase accessibility to mobile payment services for consumers and small and medium enterprises (SMEs) across Africa.
Remittances are in the news yet again, this time in the shape of LemFi, a cross-border payment solution that allows people in the diaspora to send and receive funds back home. LemFi has announced that it has secured the approval of the Central Bank of …
Bangladesh operator Banglalink has partnered with mobile financial service provider bKash and City Bank to finance 4G smartphone purchases for customers to make the devices more affordable and in turn boost 4G adoption.
A remittances-focused partnership has been announced that could see the expansion of M-Pesa, the continent’s leading mobile money and digital payments service, to West Africa.
The mobile money market matured as transaction value grew by 14% to US$1.4 trillion and total global registered accounts reached 1.75 billion in 2023, an increase of 12% year-on-year.
Safaricom Ethiopia’s M-Pesa mobile money service has signed an international money transfer agreement with Onafriq, Africa’s largest digital payments network, which currently operates in 40 African countries.
MTN Uganda Mobile Money managing director and CEO Richard Yego revealed the operator is aiming to almost double its loans to UGX1 trillion (US$256,000) this year.