Underlining the growth of the mobile payment business across Africa, operator MTN has announced a $2 million partnership with the International Finance Corporation (IFC) to expand its mobile money business – called MoMo – in South Africa.
The leading Kenyan mobile operator – and mobile money pioneer – Safaricom has had a tough year during the pandemic, suffering its first profit decline in a decade. Could a deal with online retail giant Amazon provide a welcome revenue boost?
As expected, Ethiopia's state telecoms monopoly, Ethio Telecom, has launched a mobile money service with the aim of boosting growth by offering cashless transactions.
WhatsApp money transfer is back on track in Brazil. The Facebook-owned messaging service relaunched its person-to-person money transfer services in Brazil early this week.
Operator MTN Rwanda has received approval from the country's Central Bank to set up a fintech subsidiary, Mobile Money Rwanda Ltd.