Yet another financial innovation using mobile telecommunications has been introduced in Africa. This time, it’s an investment product from Uganda’s MTN Mobile Money (MTN MoMo), a mobile financial service provider.
Veon-owned telco Banglalink announced on Thursday it has received regulatory clearance from Bangladesh Bank to operate as a digital payment service provider in Bangladesh as it seeks to expand into digital financial services.
Smart Communications, the mobile arm of Philippine telco PLDT, is reportedly making moves to relaunch its original mobile money app, Smart Money, in an apparent bid to directly take on rival telco Globe Telecom’s GCash.
Alipay+, a global wallet gateway, and Kaspi.kz, the leading super app in Kazakhstan, say they have enabled international cross-border QR payment acceptance in Kazakhstan.