Newly created Malian company Uduma Mali is set to receive a €170,000 grant from the GSMA to invest in mobile-based cashless payment facilities for drinking water.
Western Union has partnered with TerraPay to enable mobile wallet and bank account payout.
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.
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.
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.
Orange Digital Ventures Africa has made a second investment in South African mobile points of sale (mPOS) firm Yoco.
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.
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.
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, 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.
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 Money Botswana and EcoCash have launched a new partnership to enable better and more affordable access to digital money transfers between Zimbabwe and Botswana.
Paycode has rolled out a secure biometric solution in Zambia in partnership with Ingenico Group.
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.
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.
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.
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 and Safaricom have formed a partnership that enables Kenyans to seamlessly move money between their M-PESA and PayPal accounts.
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.
Digital money transfer provider SimbaPay is launching an AI (Artificial Intelligence) powered chatbot service which makes International Money Transfer possible with a single SMS.
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.
Standard Bank Group has acted as exclusive financial adviser to M-BIRR which recently completed a successful equity raise of €8m ($9.8m).
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 has extended its contract with digital transactions firm eServGlobal for a further three years.
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.
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 bridges digital & financial inclusion to strengthen India’s Fintech economy and make transactions seamless.
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 has entered into an agreement with UnionPay to expand its Huawei Pay service beyond China for the first time.
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 has launched operator-billed payments for Google Play users with 9mobile in Nigeria.
TerraPay and Wari have signed a strategic partnership agreement that will strengthen the remittances ecosystem in 35 key African markets.
Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers.
Panama-headquartered fintech firm Geva Group has selected Mahindra Comviva as its technology partner for MFS business.
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