MTN South Africa partnered with banking and financial services companies to integrate digital payments solution Payshap into its mobile money platform MoMo, a move MTN claimed will bridge the gap for the unbanked.
TenPay Global, the cross-border payment platform of Chinese multinational technology conglomerate Tencent, and Mastercard Move, payment giant Mastercard’s money movement business, have announced a collaboration.
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.
The mobile money market matured as transaction value grew by 14% to US$1.4 trillion and total global registered accounts reached 1.75 billion in 2023, an increase of 12% year-on-year.