Globe Telecom fintech unit keeps IPO in mind

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.

Globe Telecom president and CEO Ernest Cu said on Monday that unauthorized transactions that affected some GCash wallet users in the Philippines over the weekend were the result of a glitch, and that no funds were lost.

The GSMA recently released its State of the Industry Mobile Money Report, looking at how the sector has grown in the past year. Mobile money has of course been one of the major success stories for the industry in emerging markets, and we’ve certainly f…