TerraPay, a global money movement company, has partnered with Wave Mobile Money, a mobile money provider, in what is described as a strategic move to enhance cross-border remittance services in West Africa – and specifically Mali.
Kenya’s Capital Markets Authority (CMA) says it has officially licensed operators Safaricom and Airtel Money Kenya to operate as what are called intermediary service platform providers (ISPPs).
A remittances-focused partnership has been announced that could see the expansion of M-Pesa, the continent’s leading mobile money and digital payments service, to West Africa.
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.