Wave receives financing to grow financial services business

Uganda has been making headlines in the digital commerce world recently thanks to news involving two of its leading operators, Airtel and MTN, and leading payment enablers Network International and Mastercard.

Globe Telecoms’ fintech unit Mynt (Globe Fintech Innovations) gained fresh investments from Ayala Corp and Mitsubishi UFJ Financial Group (MUFG), a move that will boost the valuation of Mynt to US$5 billion, claimed Globe.

Chinese handset maker Oppo has reportedly apologised to customers in Thailand after admitting to the telecoms regulator that its devices came with pre-installed loan apps that had not been approved by the Bank of Thailand (BOT).