Operator Ethio Telecom, in partnership with Siinqee Bank, an Ethiopian provider of banking and microfinance services, has launched a new range of mobile financial services and smartphone financing solutions.
The GSMA recently released its State of the Industry Mobile Money Report, looking at how the sector has grown in the past year. Mobile money has of course been one of the major success stories for the industry in emerging markets, and we’ve certainly found in the past that reports of its death have been greatly exaggerated.
Safaricom CEO Peter Ndegwa has pledged to elevate the company’s mobile money platform, M-Pesa, into its next phase-emphasising the need for stronger cybersecurity and uninterrupted service.
Yet another financial innovation using mobile telecommunications has been introduced in Africa. This time, it's an investment product from Uganda’s MTN Mobile Money (MTN MoMo), a mobile financial service provider.
Another initiative relevant to MEA mobile finance has been launched. This time global digital payments and commerce platform PayPal has announced a strategic partnership with TerraPay, a global money movement company, to enable real-time fund transfers for PayPal customers across the Middle East and Africa (MEA).
