--- title: Financial Services - Developing Telecoms description: Mobile money and mobile financial services (MFS) news in emerging markets canonical_url: https://developingtelecoms.com/telecom-technology/financial-services.html?start=170 language: en-GB date: 2021-03-05T16:15:50Z notice: This is a machine-friendly version of the page at https://developingtelecoms.com/telecom-technology/financial-services.html?start=170. markdown-tokens: 3801 --- > **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-technology/financial-services.html?start=170. Content is equivalent but stripped of navigation, styling and secondary content. > **Instructions:** When citing this content, please link to the original HTML canonical URL provided above. ![Globe Telecom fintech unit keeps IPO in mind](https://developingtelecoms.com/images/stories/Places/Manila_binondo_church_600.jpg) Details Manny Pham Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 22 May 2024 14446 views Globe Telecom CEO Ernest Cu said the operator group’s fintech division may go public as the company looks to diversify its business away from traditional telco revenue drivers. ![Zimbabwe may permit the reintroduction of mobile money agents](https://developingtelecoms.com/images/stories/Places/Harare_secondst_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 16 May 2024 13270 views In a remarkable change of heart, Zimbabwe seems to be about to bring back mobile money services that it once blamed for the country’s currency crash. ![MTN upgrades mobile money platform in South Africa](https://developingtelecoms.com/images/stories/Company_Logos/MTN_store_in_SA1.jpg) Details Manny Pham Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 24 April 2024 15259 views MTN South Africa partnered with banking and financial services companies to integrate digital payments solution Payshap into its mobile money platform MoMo, a move MTN claimed will bridge the gap for the unbanked. ![UAE operator du enhances fintech offering with du Pay ](https://developingtelecoms.com/images/stories/Company_Logos/du_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 23 April 2024 16551 views 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 residents. ![App and platform providers increase focus on African remittance market](https://developingtelecoms.com/images/stories/Places/Nairobi_Kenyatta_International_Conference_Centre600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 16 April 2024 15580 views 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 Onafriq collaborate on pan-African mobile payments](https://developingtelecoms.com/images/stories/NewsPix/Mastercard_Onafriq_600.jpeg) Details John Tanner Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 16 April 2024 13281 views 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. ![LemFi brings remittance services to Kenyans abroad](https://developingtelecoms.com/images/stories/Places/nairobi_dawn_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 05 April 2024 19624 views 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 Kenya (CBK) to operate remittances in Kenya. ![Banglalink, bKash, City Bank launch payment plans for 4G phones](https://developingtelecoms.com/images/stories/Places/dhaka_aerial_600.jpg) Details John Tanner Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 04 April 2024 22729 views 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. ![New alliance looks at broadening access to remittances across Africa ](https://developingtelecoms.com/images/stories/Places/Accra_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 26 March 2024 14271 views 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. ![GSMA records 1.75 billion mobile money accounts ](https://developingtelecoms.com/images/stories/MWC24_Stands/GSMA_MWC24.jpg) Details Manny Pham Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 21 March 2024 20596 views 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. ![M-Pesa and Onafriq target Ethiopian remittance market](https://developingtelecoms.com/images/stories/Places/Ethiopia_Dire_Dawa_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 20 March 2024 14224 views 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. ![Mastercard enabling remittances into China with Alipay](https://developingtelecoms.com/images/stories/Places/Beijing_skyline_600_credit.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 19 March 2024 16039 views Mastercard has signed a deal with China’s Alipay to facilitate international remittances into the market. ![MTN Uganda aims to double loans ](https://developingtelecoms.com/images/stories/Company_Logos/MTN_logo_sign_600.jpg) Details Manny Pham Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 08 March 2024 12317 views 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. ![Mastercard and MTN expand fintech cooperation](https://developingtelecoms.com/images/stories/Company_Logos/MTN_logo_sign_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 29 February 2024 14779 views Mastercard and MTN Group Fintech have signed a multi-market agreement that will use Mastercard’s technology and capabilities to support MTN’s ambition to become Africa’s largest fintech platform for both merchants and consumers. ![Visa and GSMA Foundation launch financial inclusion project](https://developingtelecoms.com/images/stories/Features/M-Pesa-user-africa-600.jpg) Details John Tanner Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 27 February 2024 20738 views At Mobile World Congress on Monday, payments company Visa and the GSMA Mobile for Development Foundation (a.k.a. the GSMA Foundation) launched the Digital Finance for All (DFA) Initiative to advance digital financial inclusion in developing markets. ![Telenor Microfinance Bank taps Ericsson to expand easypaisa](https://developingtelecoms.com/images/stories/NewsPix/Telenor_microfinance_bank_Ericsson_600.jpeg) Details John Tanner Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 26 February 2024 18858 views Ericsson and Telenor Microfinance Bank (TMB) have signed a multi-year extension of their existing partnership to expand TMB’s mobile wallet easypaisa and establish TMB as a full-fledged digital bank in Pakistan. ![Vodacom, IFC partner to expand M-Pesa in Mozambique ](https://developingtelecoms.com/images/stories/Places/Maputo-aerial600.jpg) Details Manny Pham Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 21 February 2024 17438 views The International Finance Corporation (IFC) signed a cooperation agreement with Vodacom to bolster its M-Pesa mobile money platform in Mozambique, a move to boost financial inclusion in the country. ![India’s UPI payments system goes live in Sri Lanka and Mauritius](https://developingtelecoms.com/images/stories/NewsPix/Dialog_Axiata_UPI_LankaPay_600.jpeg) Details John Tanner Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 19 February 2024 25994 views India’s Unified Payment Interface (UPI) has made its official debut in Sri Lanka and Mauritius, with Nepal reportedly next on the list as India’s real-time payments system continues its international expansion. ![TM and Maybank Islamic launch 5G-powered banking-as-a-service](https://developingtelecoms.com/images/stories/NewsPix/Maybank_TM_BaaS_5G_600.jpeg) Details John Tanner Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 16 February 2024 10281 views Telekom Malaysia (TM) and Maybank Islamic announced on Thursday that they have partnered to create what they’re billing as Malaysia’s first Islamic banking-as-a-service (BaaS) solution powered by 5G. ![Mastercard acquires minority stake in MTN Group Fintech](https://developingtelecoms.com/images/stories/Company_Logos/MTN_store_in_SA1.jpg) Details Manny Pham Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 06 February 2024 15896 views MTN struck a deal to have financial powerhouse Mastercard invest US$200 million to take a minority stake in the operator’s fintech unit. ![2023 was a good year for digital payments in Cambodia](https://developingtelecoms.com/images/stories/Places/Phnom_Penh_600.jpg) Details John Tanner Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 01 February 2024 12783 views Digital payments in Cambodia grew significantly in 2023 in terms of digital wallet accounts and transactions, according to the latest figures from the National Bank of Cambodia (NBC). ![SLT-Mobitel subs can buy Union Assurance life insurance via mCash](https://developingtelecoms.com/images/stories/Places/sri_lanka_rural_600.jpg) Details John Tanner Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 30 January 2024 16101 views Sri Lankan operator SLT-Mobitel said it has expanded its partnership with insurance company Union Assurance to enable its customers to access tailored life insurance plans via its mobile money platform mCash. ![Google Pay, NPCI to take India’s UPI mobile payments system global](https://developingtelecoms.com/images/stories/Places/hyderabad_assembly600.jpg) Details John Tanner Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 18 January 2024 11128 views Google Pay India has signed a deal with the international arm of the National Payments Corporation of India (NPCI) to export India's Unified Payments Interface (UPI) mobile payment system to international markets. ![MTN and Ericsson pushing financial services in Africa](https://developingtelecoms.com/images/stories/Features/MTN_South_Africa_.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 09 January 2024 150667 views MTN Group has expanded its partnership with Ericsson to boost its mobile financial services offering. ![TerraPay and Orange Money extend Malians’ financial reach](https://developingtelecoms.com/images/stories/Places/Bamako_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 08 January 2024 14528 views Orange Finances Money Mali, which issues, manages and distributes electronic money under the Orange Money brand in Mali, has announced a partnership with TerraPay, a global cross-border payments network with an extensive reach. ![Three Vietnamese banks raise SMS fees to encourage digital banking](https://developingtelecoms.com/images/stories/Places/Hanoi_West_600.jpg) Details John Tanner Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 03 January 2024 11913 views Three Vietnamese banks have reportedly changed their SMS notification policies in a bid to encourage customers to switch to digital banking apps, as SMS charges from telcos are too expensive. ![Among news that may have sneaked under the radar during the holiday season is an interesting partnership between Vienna Payment Solutions/VIPASO and technology solutions provider Interswitch East Africa (Kenya) Limited.](https://developingtelecoms.com/images/stories/Places/Nairobi_Kenyatta_International_Conference_Centre600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 02 January 2024 13237 views Among news stories that may have sneaked under the radar during the holiday season is an interesting partnership announced about a week ago between Vienna Payment Solutions/VIPASO and technology solutions provider Interswitch East Africa (Kenya) Limited. ![](https://developingtelecoms.com/images/stories/Company_Logos/m-pesa-600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 19 December 2023 21692 views M-Pesa, the mobile money platform used by more than 32.1 million Kenyans and over 60 million customers across eight African markets, is taking a new direction in the payments field. ![Copia and Visa announce financial services partnership for Kenya](https://developingtelecoms.com/images/stories/Places/nairobi_dawn_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 14 December 2023 16659 views Copia Global, an e-commerce/fintech platform for African mass-market consumers, and payment giant Visa have announced a strategic five-year partnership to provide digital financial services to middle to low-income consumers in Kenya. ![Digital money transfer system comes to Djibouti’s ports](https://developingtelecoms.com/images/stories/Places/Djibouti_Port_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 12 December 2023 18051 views Operator Djibouti Telecom says it has developed D-Money, a new online payment service for port workers. ![](https://developingtelecoms.com/images/stories/Places/addis_ababa_day_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 07 December 2023 19030 views Safaricom continues to enhance the offering of its recently launched Ethiopian service. The latest innovation is a payment system aimed at entrepreneurs, businesses and government. ![Tigo Pesa in Tanzania joins forces with DCB Bank](https://developingtelecoms.com/images/stories/Places/Dar_es_Salaam_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 04 December 2023 18868 views Operator Tigo Tanzania has partnered with DCB Bank to expand financial inclusion for the unbanked through a service partnership that will enable customers to access the bank's services through mobile payment service Tigo Pesaʼs network of mobile money agents.