Mastercard and MTN Group Fintech have signed a multi-market agreement that will use Mastercard’s technology and capabilities to support MTN’s ambition to become Africa’s largest fintech platform for both merchants and consumers.
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.
Service provider Orange Egypt says it has signed an exclusive money transfer partnership with Enjaz Payment Services, one of the largest fintech companies in Saudi Arabia and the Middle East.
Ericsson and Telenor Microfinance Bank (TMB) have signed a multi-year extension of their existing partnership to expand TMB’s mobile wallet easypaisa and establish TMB as a full-fledged digital bank in Pakistan.