Ethio Telecom has announced a meeting with financial giant Mastercard to explore how the two companies can leverage technology to upgrade digital financial services.
The ups and downs of the payment service provision business, particularly in Africa, have been highlighted in two recent news stories: one involving expansion for SPAYZ.io and the other signalling the end of Pay U 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.
MTN South Africa partnered with banking and financial services companies to integrate digital payments solution Payshap into its mobile money platform MoMo, a move MTN claimed will bridge the gap for the unbanked.