Safaricom adds Mastercard payment option for M-Pesa merchants

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.

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.

Another initiative relevant to MEA mobile finance has been launched. This time global digital payments and commerce platform PayPal has announced a strategic partnership with TerraPay, a global money movement company, to enable real-time fund transfers…