Globe Telecoms’ fintech unit Mynt (Globe Fintech Innovations) gained fresh investments from Ayala Corp and Mitsubishi UFJ Financial Group (MUFG), a move that will boost the valuation of Mynt to US$5 billion, claimed Globe.
Vodacom Lesotho has expanded its M-Pesa mobile money service to all users in the country, regardless of which mobile network they subscribe to, in a bid to increase financial inclusion.
MEA digital commerce firm Network International announced that telecoms operator Airtel has appointed it as an issuing payments processor for its operations across the African continent.
MTN MoMo South Africa is expanding its strategic collaboration with Mastercard in a bid to increase access to digital financial services and support greater financial inclusion across South Africa.