Cambodia and Malaysia launch cross-border mobile payments

MTN Uganda announced plans on Wednesday to hold an extraordinary general meeting (EGM) on July 2 to discuss and vote on the proposed spinoff of its mobile money and fintech business, MTN MoMo, from its core telecoms operations.

Mobile banking remains the most popular form of banking in Cambodia as mobile-based transactions reportedly continue to grow, while internet transactions are now declining.

Uganda has been making headlines in the digital commerce world recently thanks to news involving two of its leading operators, Airtel and MTN, and leading payment enablers Network International and Mastercard.