--- 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=408 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=408. markdown-tokens: 3617 --- > **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-technology/financial-services.html?start=408. 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. ![New hurdles for would-be mobile money providers in Nigeria ](https://developingtelecoms.com/images/stories/Places/Lagos_market_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 01 September 2020 7068 views It has been suggested that some of Nigeria’s telecommunications companies may be unable to enter the mobile money market after the decision by the country’s central bank that new entrants must guarantee a significant capital base. ![MFS Africa and MoneyGram delivering new financial pathways into Africa](https://developingtelecoms.com/images/stories/Features/african_man_smartphone_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 27 August 2020 9028 views Pan-Africa cross-border payments group MFS Africa has partnered with MoneyGram to enable P2P payments and money transfers in Africa. ![Airtel and MoneyGram partner for international money transfers](https://developingtelecoms.com/images/stories/Features/mobile_money_african_man.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 20 August 2020 10656 views Airtel Africa and MoneyGram have announced a partnership that will allow 19 million Airtel Money subscribers to receive international MoneyGram transfers directly into their mobile wallets. ![Airtel Africa and Standard Chartered agree mobile finance partnership](https://developingtelecoms.com/images/stories/Company_Logos/airtel-logo-600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 13 August 2020 7152 views Pan-African operator Airtel Africa and leading international banking group Standard Chartered Bank have announced a strategic collaboration to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services. ![Telkom South Africa joins operator drive into financial services](https://developingtelecoms.com/images/stories/Places/Johannesburg_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 03 August 2020 8012 views According to the Reuters news service, South African operator Telkom has launched a life insurance business that, it has said, will initially sell funeral insurance. ![African digital commerce growth inspires more deals](https://developingtelecoms.com/images/stories/Places/Accra_Skyline_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 30 July 2020 6260 views Underlining the growing business interest in African online finance, two more digital commerce-related deals have recently been announced. ![Airtel Africa and Mukuru plan to facilitate cross-border money transfers](https://developingtelecoms.com/images/stories/Places/Kampala_suburb_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 23 July 2020 10169 views Pan-African telecommunications and mobile money services company Airtel Africa has announced a deal with African remittance organisation Mukuru. ![Orange and NSIA launch Orange Bank Africa in Côte d’Ivoire](https://developingtelecoms.com/images/stories/Places/Abidjan-600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 23 July 2020 8964 views Orange has partnered with bancassurance leader NSIA to launch Orange Bank Africa in Abidjan and Côte d’Ivoire. ![Zimbabwe issues Econet warrant over alleged money laundering](https://developingtelecoms.com/images/stories/Places/Harare_secondst_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 22 July 2020 13346 views Zimbabwean police have issued the country’s leading operator Econet Wireless with a search warrant over suspected involvement in money laundering. ![MFS Africa Acquires Beyonic](https://developingtelecoms.com/images/stories/Features/mobile_money_african_man.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 30 June 2020 8333 views Pan-African cross-border payments leader MFS Africa has acquired Beyonic, a digital payments management provider of business services for SMEs, fintechs, and social impact entities across Africa. ![Zimbabwe suspends mobile money services amid economic crisis](https://developingtelecoms.com/images/stories/Places/Harare_secondst_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 29 June 2020 13266 views Zimbabwe has blocked the majority of mobile money transactions and suspended the country’s stock exchange as it seeks to stabilise its currency. ![Telenor pulls out of Wave Money in Myanmar](https://developingtelecoms.com/images/stories/Company_Logos/Telenor_logo600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 25 June 2020 11064 views Telenor Group is selling its entire 34.2% stake in Wave Money to Yoma Strategic Holdings for $76.5 million. ![What next for WhatsApp in Brazil?](https://developingtelecoms.com/images/stories/Places/sao-paolo-night-600450.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 24 June 2020 8008 views It’s only been a week since the announcement that Brazil will be the first market where people can send and receive money via WhatsApp using Facebook Pay. Now, it seems, everything is on hold after an intervention by Brazil’s central bank. ![WhatsApp payment service to debut in Brazil](https://developingtelecoms.com/images/stories/Places/brazil_Praia_de_Fortaleza.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 16 June 2020 6089 views WhatsApp has announced that it is bringing digital payments to its users in Brazil. Brazil will be the first market where people will to be able to send and receive money via the messaging app using Facebook Pay, the payments service WhatsApp owner Facebook launched last year. ![Liberia’s Lonestar boosts mobile money and social media offerings](https://developingtelecoms.com/images/stories/Places/Monrovia_Downtown_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 11 June 2020 9238 views Liberian operator Lonestar Cell MTN has announced two initiatives to make mobile payment and social media access easier for its customers. ![Digitalisation key to strengthening banking sector post-pandemic](https://developingtelecoms.com/images/stories/Features/mobile_money_african_man.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 02 June 2020 7050 views Mobile banking has been one of the great success stories in emerging markets - particularly within Africa - and in the wake of Covid-19, many in the financial sector are calling for further digitalisation to ensure resilience and growth. ![Carbon launches in-app banking extension in Nigeria](https://developingtelecoms.com/images/stories/Places/Lagos_market_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 20 May 2020 6230 views Nigerian financial services firm Carbon is enabling its customers to access its offering from within whichever app they are using. ![WhatsApp payments service under pressure in India – yet again](https://developingtelecoms.com/images/stories/Company_Logos/whatsapp_logo_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 18 May 2020 10783 views WhatsApp’s plans to launch a mobile payments service in India may have been derailed yet again after it emerged that the Competition Commission of India (CCI) is investigating the company for abusing its market dominance. ![](https://developingtelecoms.com/images/stories/Places/India_2018_Mysore_Palace_2.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 05 May 2020 7589 views A fascinating side effect of the coronavirus-led lockdowns in multiple countries is their impact on payment methods – and notably payment methods in India, where a recent report says, digital payments are surging. ![Veon and Mastercard partner to boost JazzCash in Pakistan](https://developingtelecoms.com/images/stories/Places/lahore_Wazir_Khan_Masjid.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 05 May 2020 14043 views Veon’s JazzCash has partnered with Mastercard to strengthen the payments ecosystem for merchants and customers in Pakistan. ![South Sudan’s m-Gurush joins mobile money remittance business](https://developingtelecoms.com/images/stories/Places/Juba_South_Sudan_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 04 May 2020 13099 views There’s a new player in the mobile money remittance space as m-Gurush, South Sudan’s first mobile money service, launches international remittance services on its Mobile Money platform. ![Safaricom and Visa in new payment partnership](https://developingtelecoms.com/images/stories/Places/Nairobi_giraffe600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 30 April 2020 8524 views Another tie-up between a mobile operator – in this case Safaricom – and a major digital payments company may not be much of a surprise, but it certainly confirms a growing interest from major names across the cashless payment sector in Africa’s mobile money market. ![Tigo Tanzania enables mobile wallet ecosystem in East Africa](https://developingtelecoms.com/images/stories/Places/Dar_es_Salaam_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 22 April 2020 9388 views Tigo Tanzania has enabled interoperability between mobile wallet services, allowing customers to send and receive funds from M-Pesa in Kenya, MTN in Uganda and Rwanda, and Airtel in Rwanda. ![Facebook eager for Indonesian payments offering with local partners](https://developingtelecoms.com/images/stories/Places/Jakarta_Skyline_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 21 April 2020 6017 views Facebook is reportedly seeking regulatory clearance to launch a mobile payments offering in Indonesia alongside local partners. ![Zimbabwe to supply grants via One Money mobile payment system](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 April 2020 9203 views Zimbabwe’s second-biggest operator, the state-owned service provider NetOne, is expecting a rise in subscriber numbers after the announcement of a recent government initiative. ![Senegal operator Free deploys Comviva platform](https://developingtelecoms.com/images/stories/Places/Dakar_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 08 April 2020 9533 views Free, Senegal’s second-largest mobile network operator, has deployed mobiquity Money from Indian mobility solutions provider Comviva to enhance its mobile money service Free Money. ![Safaricom and Vodacom assume full control of M-Pesa](https://developingtelecoms.com/images/stories/Company_Logos/m-pesa-600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 08 April 2020 8217 views Vodafone has completed the sale of the M-Pesa brand to a new joint venture founded by Vodacom and Safaricom. ![Etisalat and partners launch digital remittance services in the UAE](https://developingtelecoms.com/images/stories/Places/Dubai_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 03 April 2020 10921 views eWallet – a new service from telecoms giant Etisalat and Dubai-based full-service bank Noor Bank – has been launched in the UAE, promising international remittance services from the UAE to 200 countries. ![Cashless payment made easier in Kenya](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) 18 March 2020 15130 views A flurry of activity in Kenya has seen banks and operators make cashless payments easier. ![Morocco becomes latest market for Orange Money](https://developingtelecoms.com/images/stories/Places/Marrakech_Jemaa-el-Fna_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 10 March 2020 7331 views Orange Money is launching in Morocco. ![Côte d'Ivoire allowing interoperability for greater financial inclusion](https://developingtelecoms.com/images/stories/Places/Abidjan-600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 09 March 2020 6999 views The government of Côte d'Ivoire is seeking to increase the usage of mobile banking in the country by allowing interoperability between different digital financial services. ![Kazakhstan is Samsung Pay’s first market in almost a year](https://developingtelecoms.com/images/stories/Places/Almaty_TV_Tower_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 09 March 2020 7788 views Samsung has launched its mobile wallet service Samsung Pay in Kazakhstan. ![Cameroon gets tough on mobile payment ID](https://developingtelecoms.com/images/stories/Places/Yaounde_600.gif) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 04 March 2020 10172 views Cameroon has ordered MTN and Orange to implement ID checks for all parties involved in mobile money transactions, after it emerged that ransom payments had been made using their transfer services.