Pakistan Telecommunication Company Limited (PTCL) says that Mastercard has partnered with its fintech subsidiary U Microfinance Bank (UBank) to issue a new physical and virtual debit card for its mobile financial services platform UPaisa.
It is – as so often these days – a busy time for finance initiatives targeting developing regions. Indeed, two recent announcements relevant to such regions involve pan-African operator MTN.
Globe Telecom CEO Ernest Cu said the operator group’s fintech division may go public as the company looks to diversify its business away from traditional telco revenue drivers.
MTN Rwanda’s fintech arm, Mobile Money Rwanda (MoMo Rwanda), has partnered with payment giant Mastercard to launch a new virtual payment solution in Rwanda.