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.
Kenya’s Capital Markets Authority (CMA) says it has officially licensed operators Safaricom and Airtel Money Kenya to operate as what are called intermediary service platform providers (ISPPs).
Globe Telecoms’ fintech unit Mynt (Globe Fintech Innovations) gained fresh investments from Ayala Corp and Mitsubishi UFJ Financial Group (MUFG), a move that will boost the valuation of Mynt to US$5 billion, claimed Globe.