Two recent announcements underline the continuing drive on the part of fintech groups to bring their technology to African institutions and consumers.
Airtel Africa and MTN Nigeria have finally launched their mobile banking services in Nigeria.
Cloud banking platform provider Temenos has signed up Saigon-Hanoi Bank (SHB) for its digital banking platform, a move for the lender to meet the rising demand for electronic banking in Vietnam.
Trade association the GSMA has launched the Mobile Money API Compliance Verification Service to support the growth of trusted mobile money ecosystems in developing nations.
Grab Holdings Limited, and leading communications technology group Singtel have announced that GXS Bank Pte. Ltd, their digital bank joint venture, supported by a consortium of Malaysian investors, is among the companies selected to receive a full digital banking licence in Malaysia.