M-Pesa and Dahabshiil partner to serve Ethiopian remittance market

Mobile money adoption surged 327% in the past five years in Benin showcasing the rising popularity of the technology.

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.

Lao Telecom’s fintech unit Lao Mobile Money – which operates the MmoneyX mobile wallet – has become a strategic business partner with Visa in a deal aimed at boosting digital payments and financial inclusion in Laos.