MTN upgrades mobile money platform in South 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.

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.

Visa says it is collaborating with QR payment providers across the Asia-Pacific region to kick off a scheme that would enable digital wallet users in the region to make QR payments at merchants when traveling abroad.