Cambodia and Malaysia launch cross-border mobile payments

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.

Safaricom and Mastercard announced on Thursday that they have signed a partnership to accelerate adoption of payment acceptance and cross-border remittance services in Kenya.

Mobile money services MTN MoMo in South Africa and EcoCash in Zimbabwe have partnered to provide what are described as effortless direct cash transfers between the two countries.