Africas leading resource for digital financial services
Newsflash
- Safaricom mobile payments up 92%
- Ethiopia Lost $500 Million on Telecom License Mobile-Money Move
- Mastercard signs MENA region’s first tap-on-phone agreement with Geidea
- Remittances on the Rise
- Rwanda:Banks or telcos? Who sets the ‘push’ and ‘pull’ fees?
- NIGERIA:E-payment transactions in Q1 2021 rise 82% to N66trn
- Zimbabwe's restrictions on mobile money transfers are a blow to financial inclusion
- Ethiopia: African Titans Vodacom, MTN Battle for Lucrative Ethiopia Deal
- MTN Rwanda Launches Fintech Subsidiary, Appoints Chantal Kagame As CEO
- Ghana: Govt Must Consider Universal Mobile Wallet System to Drive Financial Inclusion
Latest Stories
Banks grow e-payment income by 51% to N53bnAccountmaintenance fees up 60% to N30.9bnNigeria’s financial system has recorded further surge in...
The National Bureau of Statistics (NBS) yesterday said in the Fourth Quarter (Q4) 2020, total transactions recorded through Electronic Payment Ch...
The Nigeria Interbank Settlement System (NIBSS) has issued approved standard operating guidelines for Bank Verification Number (BVN) matching sys...
The Central Bank of Nigeria has released the list of 47 International Money Transfer Operators that are licensed to operate in the country.It dis...
The Central Bank of Nigeria has introduced new charges for customers using the Unstructured Supplementary Service Data services.The apex bank sai...
The initial plan by telecoms operators (telcos) to suspend the Unstructured Supplementary Service Data (USSD) to banks and other Financial Servic...
The government and policy makers must engineer policies that will cause a "quantum shift and drive massive participation in the digital eco-syste...
Mobile Money Limited (MML), a wholly owned subsidiary of Scancom PLC announces the appointment of Mr. Eli Hini as its first Chief Executive Offic...
In Senegal, 8 out of 10 workers are paid in cash. Most are temporary workers and excluded from health insurance. A survey revealed that 77% of te...
The Conversation By PK SenyoMobile money — a technology that enables financial transactions through mobile phones without a bank account — is dri...
Zeepay, the leading African Challenger Fintech with operations in over 10 African countries today acquired a 51 percent stake in Mangwee Mob...
The Bank of Ghana (BoG) has disclosed that GH¢571.8bn (USD99.67bn) Mobile Money (MoMo) transactions were recorded in 2020.In an era where the use...
Cash handled on Safaricom’s mobile payment platform rose 92 per cent partly driven by increased preference for cashless transactions and red...
Ethiopia’s decision to exclude mobile money from the terms of two new telecom licenses cost the government about $500 million from bid levels, Pr...
During the pull transactions, banks also pay interest when funds are moved from the client’s bank accounts to a trust account.The costs incurred...
The battle for the lucrative Ethiopian telecommunications market has narrowed down to consortia led by two of Africa's telecom giants, Vodacom an...
MTN Rwanda has received approval from the Central Bank to set up its FinTech subsidiary, Mobile Money Rwanda Ltd, in a move that is likely to int...
The Peoples Bank of Zanzibar (PBZ Bank) has partnered with Airtel Tanzania to launch a partnered service on money transactions aimed at bringing...
The Board of Directors at the Central Bank of Egypt (CBE) has approved the third edition of the rules for mobile phone wallet payment services.Th...
European technology companies Evina (www.Evina.com) and Telecoming (www.Telecoming.com) have signed a global alliance to work hand in hand in pro...
TradeTech innovator, Ovamba Solutions (www.Ovamba.com) and financial services provider, Singularity Finance (www.Singularity.finance) have partne...
A recent report reveals a significant increase in the number of electronic wallets and online transactions during the first wave of COVID-19...
-inwi money, a subsidiary of inwi and leading telecom player in mobile money services, has expanded its offering with the launch of an internatio...
Money transfer agency Cash Plus has launched the “Cash Plus Mobile Wallet” application, offering its customers the oppor...
Since COVID-19 hit South Africa in early 2020, leading payment aggregator and provider of secure payment solutions, Pay@ has seen a 50%...
Mobile financial services are, in most African countries, born out of crises . In 2011, Zimbabwe had gone through a volatile decade of economic c...
Criminals have been hacking EcoCash and WhatsApp accounts, using stolen identities of persons trusted by others in a WhatsApp group, offer US dol...
ZIMBABWE’S largest mobile money platform, EcoCash, has demonstrated resilience by maintaining its market leadership position in the total volume...
Leading digital fintech enablement provider, Ukheshe Technologies, together with Infobip, a global cloud communications platform that e...
THE clampdown on mobile money transfer services is negatively impacting on the Intermediated Money Transfer Tax (IMTT) popularly known as 2c tax,...
Global technology company Mastercard, and Geidea, the largest fintech company in Saudi Arabia by market share, have announced a strategic partner...
Today, Mastercard (NYSE: MA) took steps to advance its identity verification efforts with the acquisition of Ekata for US$850...
MTN Group Ltd. is valuing its mobile-money arm at about $5 billion, joining African wireless carriers planning to list these businesses in a regi...
NOW Money, the GCC’s first digital banking solution for low-income migrant workers, has secured $7m in a funding round led by venture inves...
Global payment processor Mastercard Inc will invest $100 million in Airtel Africa’s mobile money operations, valuing the business at $2.65 billio...
Pan-African fintech leader MFS Africa has today announced that it now reaches over 320 million mobile money wallets,[1] enabling a range of banks...
