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.
Mastercard announced on Tuesday it has launched Mastercard Pay Local, a new global service that enables digital wallet users in Asia-Pacific, Latin America, Eastern Europe, and the Middle East and Africa to pay locally when they travel.
Hormuud Telecom strengthened its EVC Plus mobile money platform by making it interoperable with MyBank and Agro Bank, with plans to onboard more banks in 2025.
Digital commerce firm Network International is collaborating with Ghanaian fintech and mobile money aggregator Blu Penguin to provide mobile money transactions via Network’s N-Genius payment terminals.