It is – as so often these days – a busy time for finance initiatives targeting developing regions. Indeed, two recent announcements relevant to such regions involve pan-African operator MTN.
MTC Namibia has reportedly teamed up with Letshego Micro Financial Services to launch a pilot for a new mobile microlending platform that will provide instant loans to customers via their mobile phones.
Vietnam’s mobile money service is reportedly set for a major upgrade from pilot mode to full-fledged service that, among other things, will see transaction caps raised to ten times the current amount.
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.