African mobile money platform Wave Mobile Money says it has raised EUR 117 million (about US$138.2 million) in debt financing to advance what it describes as its mission of making affordable, user-centric financial services accessible to everyone.
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.
At Mobile World Congress on Monday, payments company Visa and the GSMA Mobile for Development Foundation (a.k.a. the GSMA Foundation) launched the Digital Finance for All (DFA) Initiative to advance digital financial inclusion in developing markets.
Papua New Guinea telco Digicel PNG and local microbank MiBank announced on Friday they have formed a new strategic partnership that enables two-way transfers between MiBank accounts and Digicel’s mobile money service CellMoni.