Globe Telecom CEO Ernest Cu said the operator group’s fintech division may go public as the company looks to diversify its business away from traditional telco revenue drivers.
Global digital operator Veon announced on Friday that its financial services subsidiary, Mobilink Microfinance Bank has launched Islamic banking operations in Pakistan, in response to growing customer demand for Shariah-compliant financial services.
Pakistan Telecommunication Company Limited (PTCL) says that Mastercard has partnered with its fintech subsidiary U Microfinance Bank (UBank) to issue a new physical and virtual debit card for its mobile financial services platform UPaisa.
MEA digital commerce firm Network International announced that telecoms operator Airtel has appointed it as an issuing payments processor for its operations across the African continent.