The mobile money bandwagon continues to gather pace in Africa. Local press reports indicate that leading Angolan operator Unitel is about to launch a service called Unitel Money.
The Bank of Tanzania (BOT) has granted its approval in principle for Cellulant Corporation to operate as a Payment Solution Service Provider (PSSP) in Tanzania.
MFS Africa, which describes itself as Africa’s largest payment gateway, has announced its entry into Sierra Leone, partnering with Afrimoney, the mobile money service offered by pan-African telecommunications company Africell.
Pan-African fintech firm Carbon has entered a strategic five-year partnership with Visa to provide its customers with digital and physical Visa payment cards.
Government efforts to use the success of popular communications services as a source of new tax income have continued. The latest example is a reported 10 percent tax on the earnings of mobile money agents in Ghana.