Axian Group says it has formed a strategic collaboration agreement with Mastercard to launch digital payment solutions in the five African markets where Axian operates mobile networks: Madagascar, Comoros Islands, Senegal, Togo, and Tanzania.
Late last week, the Finance and Budgetary Control Committee of the National Assembly of Senegal adopted a bill taxing digital financial services, including mobile money transactions and merchant payments.
Mobile money services MTN MoMo in South Africa and EcoCash in Zimbabwe have partnered to provide what are described as effortless direct cash transfers between the two countries.
Mastercard and MTN Group Fintech have signed a multi-market agreement that will use Mastercard’s technology and capabilities to support MTN’s ambition to become Africa’s largest fintech platform for both merchants and consumers.