The Central Bank of Liberia (CBL) has launched an interoperable payments platform developed by the Mojaloop Foundation that enables mobile money transfers between mobile operators Lone Star Cell MTN and Orange Liberia.
MTN Nigeria says it has taken full ownership of Mobile Money Payment Service Bank (MoMo PSB) after buying the 7.17% share owned by Acxani Capital for around NGN6.95 billion (US$4.36 million).
China’s UnionPay International, a leading name in payment solutions, has announced that, starting this year, UnionPay cards issued by Vietnamese banks can be linked with Alipay and WeChat Pay, China’s leading mobile payment platforms, through a partner…
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.