Telenor Microfinance Bank taps Ericsson to expand easypaisa

Africa-focused cross-border money transfer operator Mama Money partnered with payment processor firm Paymentology and Access Bank to launch a new bank card service that integrates WhatsApp banking.

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.

Mastercard has signed a deal with China’s Alipay to facilitate international remittances into the market.