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.
A scheduled upgrade to its M-Pesa mobile finance service, announced last week by Kenyan operator Safaricom, was successfully completed today. It has been described as the most significant upgrade of the M-Pesa platform since 2015.
South African telco MTN said on Tueday that its API marketplace Chenosis is partnering with TransUnion Africa to launch a solution that uses mobile phone call data records (CDRs) to assess credit scores for people seeking access to financial services.
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.