--- 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=476 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=476. markdown-tokens: 3647 --- > **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-technology/financial-services.html?start=476. 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. ![Western Union and TerraPay expanding Payout Options to Mobile Wallets](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) 18 December 2018 9822 views Western Union has partnered with TerraPay to enable mobile wallet and bank account payout. ![Orange and MTN launch pan-African mobile money interoperability](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) 23 November 2018 9448 views Two of Africa’s largest mobile operators and mobile money providers, Orange Group and MTN Group, today announced a joint venture, Mowali (mobile wallet interoperability), to enable interoperable payments across the continent. ![Boost for Philippines digital payments group](https://developingtelecoms.com/images/stories/Places/Manila_binondo_church_600.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 05 October 2018 6839 views Mobile payment technology and services have received a potential boost in the Philippines with the recent news of a major sales subscription for leading Philippines’ digital technology company, Voyager Innovations. ![](https://developingtelecoms.com/images/stories/Features/mobile-money.jpg) Details Vaughan O'Grady Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 01 October 2018 6004 views A recent IMF report, 2018 Financial Access Survey, published at the end of September, underlines again the importance of mobile money in low-income countries. ![Yoco receives further investment from Orange Digital Ventures Africa](https://developingtelecoms.com/images/stories/Places/capte_town_Table_Mountain_from_harbour.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 10 September 2018 7246 views Orange Digital Ventures Africa has made a second investment in South African mobile points of sale (mPOS) firm Yoco. ![Oradian and ANMFIN launch new cloud-based microfinance solution 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) 14 August 2018 8469 views As part of their shared mission to boost financial inclusion throughout Nigeria, Oradian and the Association of Non Bank Microfinance Institution of Nigeria (ANMFIN) have launched a strategic partnership. ![Banco Agrario, Telefonica and Comviva launching electronic money solution for rural Colombia](https://developingtelecoms.com/images/stories/Places/Colombia_Santuario_de_Las_Lajas_Ipiales_600.jpg) Image credit: Diego Delso - Wikimedia Commons Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 08 August 2018 7884 views A mobile wallet pilot project is being launched in Colombia by a collaboration between state-run Banco Agrario, mobile operator Telefonica Colombia, and mobility firm Comviva. ![India should stick to its guns on data storage, argues Paytm](https://developingtelecoms.com/images/stories/Places/varanasi_600.gif) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 26 July 2018 9791 views Indian mobile wallet provider Paytm is at the heart of a fierce industry dispute after the country’s government considered revising its recent data storage regulations after being lobbied by US-based digital payment companies. ![GIMAC and TerraPay enabling cross border money transfers in central 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) 11 July 2018 10572 views GIMAC, the regional electronic money transfer platform of Central Africa, has partnered with TerraPay to enable instant cross border money transfer to bank accounts and mobile wallets in the CEMAC zone, comprising of Cameroon, Republic of Congo, Gabon, Equatorial Guinea, Central African Republic and Chad. ![China Orders Mobile Balances to be Held by State Bank](https://developingtelecoms.com/images/stories/Places/Shanghai_Pudong_Panorama_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 05 July 2018 6849 views Mobile payments providers in China will have their interest revenue slashed by a new government mandate requiring all prepaid funds to be deposited at the country’s central bank from 2019. ![Orange, EcoCash and TransferTo partner for mobile payments between Botswana and Zimbabwe](https://developingtelecoms.com/images/stories/Company_Logos/orange-money600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 13 June 2018 11273 views Orange Money Botswana and EcoCash have launched a new partnership to enable better and more affordable access to digital money transfers between Zimbabwe and Botswana. ![Ingenico Group and Paycode Enable Biometric Agricultural Subsidies in Zambia](https://developingtelecoms.com/images/stories/Places/Lusaka_Zambia_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 04 June 2018 10178 views Paycode has rolled out a secure biometric solution in Zambia in partnership with Ingenico Group. ![Megafon Digital Partnership to Focus on Finance](https://developingtelecoms.com/images/stories/Places/Petersburg_600.png) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 09 May 2018 7613 views Russia’s MegaFon has formed a new venture that will expand its offering across several industries, partnering with bank Gazprombank, state-owned Rostec and investment firm USM Holdings. ![Moov Togo joins MFS Africa Hub](https://developingtelecoms.com/images/stories/Places/Togo-Sokode-centre-ville-600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 23 April 2018 12105 views Flooz users in Togo can now send and receive money to and from mobile wallets and bank accounts across the region thanks to a new partnership announced between Moov Togo and MFS Africa. ![GSMA Launches Global Mobile Money Certification Scheme](https://developingtelecoms.com/images/stories/Company_Logos/GSMA-600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 13 April 2018 8570 views The GSMA is launching a global scheme for mobile money providers to offer safer, more transparent and more resilient financial services to millions of mobile money users around the world. ![Ecobank Group partners with MTN to deepen financial inclusion across 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) 11 April 2018 8600 views MTN and Ecobank Transnational Incorporated (ETI) are collaborating to leverage each other’s assets in order to offer more value to their respective customers across the continent. ![PayPal, Safaricom and TransferTo Announce Collaboration in Kenya](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) 10 April 2018 13098 views PayPal and Safaricom have formed a partnership that enables Kenyans to seamlessly move money between their M-PESA and PayPal accounts. ![Ecobank mobile app reaches 4 million users milestone in 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) 04 April 2018 6144 views The upgraded version of Ecobank’s mobile app has attracted 3 million new customers in just 6 months, taking the total number of users to 4 million. ![SimbaPay launches Pan-Africa remittances chatbot in collaboration with Interswitch](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) 28 March 2018 7736 views Digital money transfer provider SimbaPay is launching an AI (Artificial Intelligence) powered chatbot service which makes International Money Transfer possible with a single SMS. ![FSS Forms Strategic Alliance with Just in Time Group to Expand its Sri Lanka Footprint](https://developingtelecoms.com/images/stories/Places/Colombo_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 26 March 2018 6481 views Payment technology and transaction processing firm Financial Software Systems (FSS) has formed a strategic partnership with systems integrator Just In Time Group (JIT) to expand its market footprint in Sri Lanka. ![Ethiopia’s M-BIRR fields Standard Bank as lead adviser for $9.8m equity raise](https://developingtelecoms.com/images/stories/Places/Addis_abbaba_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 20 March 2018 6473 views Standard Bank Group has acted as exclusive financial adviser to M-BIRR which recently completed a successful equity raise of €8m ($9.8m). ![Mobile money has changed the way aid is delivered](https://developingtelecoms.com/images/stories/Features/humanitarian-photo-600.png) Details Bridget Fishleigh Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 02 March 2018 12145 views The UK’s Department for International Development (DFID) launched its joint ‘Mobile for Humanitarian Innovation’ (M4H) programme at this year’s Mobile World Congress. ![Ooredoo Algeria taps eServGlobal for payment platform upgrades](https://developingtelecoms.com/images/stories/Places/Algiers_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 23 February 2018 7571 views Ooredoo Algeria has extended its contract with digital transactions firm eServGlobal for a further three years. ![Cargills Bank strengthens remittance services in Sri Lanka with TransferTo](https://developingtelecoms.com/images/stories/Places/Colombo_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 21 February 2018 8251 views Sri Lanka’s Cargills Bank has partnered with TransferTo, a cross-border mobile payments network for emerging markets, to enhance and strengthen its remittance services offered by the bank. ![WhatsApp readying money transfer service for Indian launch](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) 19 February 2018 10275 views The National Payments Corporation of India (NPCI) has announced that WhatsApp is currently conducting beta tests for money transfer service that it aims to launch as a “full feature product”. ![Paytm Financial Services and E-commerce Platform](https://developingtelecoms.com/images/stories/Events/paytm-600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 16 February 2018 13173 views Paytm bridges digital & financial inclusion to strengthen India’s Fintech economy and make transactions seamless. ![Juvo Identity Scoring](https://developingtelecoms.com/images/stories/Events/juvo-600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 16 February 2018 13129 views Juvo partners with mobile operators to establish a financial identity and provide access to financial services for unbanked prepaid mobile users around the world. ![Huawei Pay launching in Russia ahead of worldwide expansion](https://developingtelecoms.com/images/stories/Company_Logos/huawei-logo_large600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 30 January 2018 7321 views Huawei has entered into an agreement with UnionPay to expand its Huawei Pay service beyond China for the first time. ![MTN looking to dominate African banking sector via mobile](https://developingtelecoms.com/images/stories/Company_Logos/MTN-logo600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 26 January 2018 7990 views MTN has declared its intent to treble its mobile money subscribers in Africa across the next four years, with the ambition of becoming the continent’s largest financial institution. ![Bango Platform Enables 9Pay Wallet for Google Play Users in Nigeria](https://developingtelecoms.com/images/stories/Places/Nigeria_Lagos_Beach_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 16 November 2017 6167 views Bango has launched operator-billed payments for Google Play users with 9mobile in Nigeria. ![TerraPay and Wari form cross-border money transfer partnership](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 November 2017 11058 views TerraPay and Wari have signed a strategic partnership agreement that will strengthen the remittances ecosystem in 35 key African markets. ![Ecobank launches mVisa across 33 African Countries](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) 06 October 2017 6567 views Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers. ![Geva Group partners with Mahindra Comviva for MFS in Central America and Caribbean](https://developingtelecoms.com/images/stories/Places/Panama_city_600.jpg) Details James Barton Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html) 02 October 2017 8819 views Panama-headquartered fintech firm Geva Group has selected Mahindra Comviva as its technology partner for MFS business.