Mastercard and pan-African digital payments company Onafriq announced on Monday that they are collaborating to increase accessibility to mobile payment services for consumers and small and medium enterprises (SMEs) across Africa.
Globe Telecom has moved forward with its acquisition of a 50% stake in AB Capital Securities Inc (ABCSI), aiming to strengthen the stock brokerage capabilities of its fintech unit, Mynt, which operates the widely used GCash mobile wallet.
In a move it says is set to “boost the transition towards a cashless economy and support the national digitalisation agenda”, UAE operator du has announced the launch of du Pay, offering what it calls transformative fintech solutions for UAE…
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.