--- 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=442 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=442. markdown-tokens: 3622 --- > **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-technology/financial-services.html?start=442. 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. ![MTN returns to South African mobile money sector](https://developingtelecoms.com/images/stories/Places/capte_town_Table_Mountain_from_harbour.jpg) Details Bridget Fishleigh Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 31 January 2020 7213 views MTN has re-entered the South African mobile money market after shelving its previous offering over three years ago. ![MPT goes live with mobile money offering in Myanmar](https://developingtelecoms.com/images/stories/Places/Bagan_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 30 January 2020 9231 views Myanmar’s state-owned MPT has launched its mobile money platform after getting the green light from the country’s central bank in October last year. ![Ghana’s GCB enters the mobile money fray](https://developingtelecoms.com/images/stories/Places/Accra_Skyline_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 27 January 2020 5368 views Ghanaian bank GCB has stated that it will launch its G-Money mobile money platform on 30th January. ![Orange Jordan launches mobile e-wallet service](https://developingtelecoms.com/images/stories/Company_Logos/orange_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 16 January 2020 8246 views Orange Jordan, a provider of telecommunications services in Jordan, officially launched its mobile e-wallet service, Orange Money, at a special event this week. ![MTN brings its mobile money service to South Africa](https://developingtelecoms.com/images/stories/Places/Cape_Town_UCT_Upper_Campus_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 19 December 2019 8348 views MTN has announced that its mobile money service, MoMo, already available in a number of African countries, will go live in South Africa in January 2020. ![Vodacom and WorldRemit announce money transfer deal](https://developingtelecoms.com/images/stories/Places/Dar_es_Salaam_600.jpg) Vodacom Tanzania and WorldRemit announce money transfer deal Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 18 December 2019 8314 views Mobile money deals with major international players are clearly the order of the day in sub-Saharan Africa at the moment. The latest announcement highlights a service for Tanzanians living abroad. ![FSS and AFS partner to promote digital payments in the Middle East](https://developingtelecoms.com/images/stories/Places/oman_mutrah_600.png) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 13 December 2019 6497 views Payments solutions providers FSS (Financial Software and Systems and Arab Financial Services (AFS) have entered into an agreement to bring omni-channel payment acceptance solutions to banks in the region. ![Will Visa and MFS Africa deal lower remittance costs?](https://developingtelecoms.com/images/stories/Company_Logos/MFS_Africa_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 12 December 2019 7200 views Digital payments company Visa and the pan-African fintech company MFS Africa have announced a partnership that, they say, will help bridge the gap between the rapidly growing mobile money ecosystem in Africa and the world of online digital payments. ![Payment partnership targets Africans overseas](https://developingtelecoms.com/images/stories/Places/Accra_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 23 October 2019 5214 views A recently announced deal will see Airtel Africa’s mobile money operations integrated with Finablr’s technology platform and global network to facilitate seamless inward and outbound cross-border payments. ![Ecobank-Airtel Africa deal aims to boost customer convenience](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) 22 October 2019 5163 views Telecoms giant Airtel Africa and pan-African banking group Ecobank Transnational Incorporated have signed a partnership that could enhance mobile commerce for their customers. ![MPT cleared to launch mobile finance offering in Myanmar](https://developingtelecoms.com/images/stories/Places/Yangon_Karaweik_at_night.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 10 October 2019 7959 views Myanmar’s state-run operator MPT has been granted a mobile financial services licence by the country’s central bank after a lengthy approval process. ![Airtel Africa and Mastercard join forces in payments initiative](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) 09 October 2019 9308 views A major new digital payments initiative has been launched across 14 African countries. Will it transform the digital payments landscape? ![Mobile money launch in Morocco](https://developingtelecoms.com/images/stories/Places/Casablanca_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 26 September 2019 8165 views Moroccan operator inwi has recently launched a new mobile money service called ‘inwi money’. The service works on mobiquity Money, a platform offered by mobile solutions provider Comviva. ![Financial identities for the unbanked](https://developingtelecoms.com/images/stories/Events/juvo-600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 25 September 2019 15526 views The continuing rollout of innovative financial services for those with limited, or no, access to banks is also inspiring all sorts of innovation, including a concept that its originator Juvo calls Financial Identity as a Service (FiDaaS). ![PCCW Global and Mauritius Telecom launch island’s first mobile payment solution](https://developingtelecoms.com/images/stories/Places/Mauritius_Port_Louis600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 29 August 2019 6679 views Mauritius Telecom has deployed the country’s first national mobile payment solution in the capital of Port Louis. ![Zain Cash, UNHCR and IrisGuard deliver aid via iris recognition for Iraqi refugees](https://developingtelecoms.com/images/stories/Features/IRIS-EyePay-Phone-in-action-600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 21 August 2019 6932 views Zain Group is adding a new platform to its Zain Cash mobile finance offering that will allow refugees in Iraq to cash-out their financial assistance via iris identification. ![WhatsApp in talks with Indonesian mobile wallet providers](https://developingtelecoms.com/images/stories/Places/Jakarta600x450.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 21 August 2019 5850 views WhatsApp has approached several digital payments firms in Indonesia as it seeks to bolster its messaging service by integrating money transfer options. ![Vodafone Idea scraps m-Pesa, payments bank](https://developingtelecoms.com/images/stories/Places/Delhi_Akshardham_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 31 July 2019 7005 views Vodafone Idea is shuttering both its m-Pesa operation and the Aditya Birla Idea Payments Bank as it looks to forge partnerships in the financial technology sector. ![fonYou develops facebook messenger payments solution for LatAm operators](https://developingtelecoms.com/images/stories/Places/Manaus_Ponte_Rio_Negro_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 31 July 2019 5118 views fonYou has launched a white-label solution for mobile carriers in Latin America to interact with and sell products to customers via Facebook Messenger. ![MVNOs key to competing with MFS – Interview with Effortel’s Liudvikas Andriulis](https://developingtelecoms.com/images/stories/Places/moscow_kremlin_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 10 July 2019 46750 views Liudvikas Andriulis, Chief Marketing Officer at Effortel, explains how his company has helped to launch MVNOs around the world. ![Digital banking strategy continues to pay off](https://developingtelecoms.com/images/stories/Company_Logos/Standard_Chartered_600.png) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 28 June 2019 6653 views Leading international banking group Standard Chartered has announced another multi-market launch of its digital bank – this time in Botswana, Zambia and Zimbabwe – as part of its digital transformation strategy in Africa. ![ARB Apex Bank taps Temenos for Inclusive Banking in Ghana](https://developingtelecoms.com/images/stories/Places/Accra_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 30 May 2019 6070 views ARB Apex Bank has renewed its contract with Temenos to provide banking and non-banking services for Ghana’s Rural and Community Banks (RCBs) and their customers. ![LendMN partners with Thunes to serve underbanked customers in Mongolia ](https://developingtelecoms.com/images/stories/Places/Ulaanbaatar_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 10 May 2019 8372 views Thunes has extended its network in Mongolia adding LendMN– the first Mongolian FinTech - in an effort to promote financial inclusion and smarter payment solutions. ![Thunes looks to connect 1.7B unbanked with funding from GGV Capital](https://developingtelecoms.com/images/stories/Features/mobile_money_malawi_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 07 May 2019 15087 views Thunes has completed its $10 million Series A financing led by venture firm GGV Capital. ![Safaricom partners with Equity Group to export m-Pesa](https://developingtelecoms.com/images/stories/Places/Nairobi_West_Downtown_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 29 April 2019 6834 views Safaricom is expanding its cooperation with Equity Group in order to push m-Pesa into other markets while driving greater financial inclusion in Kenya. ![](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) 25 April 2019 5913 views Another example of how mobile networks in many countries are able to overcome problems of accessibility to banks comes from Zimbabwe, where WhatsApp is now an enabler for banking services. ![Tcell launches mobile payments service in Tajikistan](https://developingtelecoms.com/images/stories/Places/Tajikistan_Khujand_marketsquare_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 28 March 2019 7480 views Tajikistan’s Tcell has launched a smartphone-based mobile finance offering branded as TezSum. ![Eafricalab and ACI Worldwide Drive Payments Modernisation Across Africa](https://developingtelecoms.com/images/stories/Features/smartphone_users_emerging_markets_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 22 March 2019 4861 views Eafricalab will use ACI Worldwide’s UP Retail Payments solution for Postillion to better serve consumers across 25 African countries. ![From operator to bank - Orange MEA’s Alioune Ndiaye](https://developingtelecoms.com/images/stories/People/alioune_ndiaye_orange_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 21 March 2019 76735 views At MWC 2019, we spoke to Orange’s MEA chief Alioune Ndiaye about the group’s ambitions in the region. Whether it’s eliminating the digital divide or empowering the masses through mobile money, Orange foresees a prosperous future for the continent. ![Western Union and Thunes expanding payout capabilities to mobile wallets ](https://developingtelecoms.com/images/stories/Features/mobile_money_malawi_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 20 March 2019 14229 views Western Union has teamed up with Thunes, a cross-border payments network for emerging markets, to enable Western Union customers to send funds directly into mobile wallets around the world. ![Thunes, Singtel and UNCDF accelerate Myanmar mobile money transfer](https://developingtelecoms.com/images/stories/Places/Bagan_600.jpg) Details Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 26 February 2019 10028 views Global cross-border payments network for emerging markets Thunes has partnered with Singtel to enable the Myanmar diaspora in Singapore to send money back to their home country through their mobile devices. ![More African digitally-led Standard Chartered retail banks ](https://developingtelecoms.com/images/stories/Places/ghana_Aerial_View_of_Kumasi.jpg) Details Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 25 February 2019 5919 views Standard Chartered has completed a simultaneous multi-market launch of its digitally-led retail banks in Tanzania and Ghana, with Kenya’s roll out scheduled to occur shortly. ![Agent Networks in the DRC will provide financial, economic, and social inclusion](https://developingtelecoms.com/images/stories/Places/Kinshasa_Congo600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 06 February 2019 6216 views The level of financial inclusion in the Democratic Republic of the Congo (the DRC) stands at 26%.