Payments News

On The Web

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Domains

Africa’s Dominant Mobile Money Service Is In Talks To Open In Ethiopia

“The telecom company is reportedly in advanced talks with Ethiopian officials to introduce its popular mobile money service M-Pesa in the country, according to Reuters. The state telecommunications monopoly Ethio Telecom will carry the service, while Safaricom will host the servers back in Nairobi. If this goes ahead, the deal will present Safaricom with a lucrative opportunity […]
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Global

Crossfin In Partnership With Apis For Payments Acceptance In Southern Africa

“The pursuit of greater electronic payment adoption among South African merchants received a significant boost with the announcement of a partnership between leading African fintech holding company Crossfin Technology Holdings and global fund manager Apis Partners LLP. According to Anton Gaylard, COO of Crossfin, the partnership with Apis will create an enlarged payments operating company […]
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Domains

TerraPay Helps Brings Remittance Services To Several African Countries

“GIMAC, the regional electronic money transfer platform of Central Africa, and TerraPay have signed a strategic partnership agreement that will strengthen the remittances ecosystem in CEMAC region, according to a press release. The partnership will enable instant cross border money transfer to bank accounts and mobile wallets in the CEMAC zone, comprising of Cameroon, Republic […]
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Companies

WhatsApp Is Getting Set To Be Africa’s Biggest Payments And Ad Platform

“WhatsApp’s competitive advantage is in emerging markets, where its service almost always works, regardless of internet speed or available bandwidth. It’s the world’s No.1 messaging service, thanks to users from Latin America to Africa and most of Asia outside China. In these regions, there’s intense interest from local businesses that want to see WhatsApp commercialize—they […]
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Companies

China’s payments giant is ready to boost financial inclusion in Africa

“In a partnership with the United Nations Economic Commission for Africa (ECA) along with the International Financial Corporation, the firm says it will promote digital financial inclusion in the continent through investments and technical assistance. The offering will target smaller businesses and would look to cater to largely unserved consumers, including displaced people and refugees with no […]
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Global

Orange And MTN Partner For Mobile Money Platform Mowali

“Two of Africa’s largest mobile operators and mobile money providers, Orange Group and MTN Group, today announced a joint venture, Mowali (mobile wallet interoperability), to enable interoperable payments across the continent. Mowali makes it possible to send money between mobile money accounts issued by any mobile money provider, in real time and at low cost.”
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Deals

Orange invests in SA fintech provider

“The African investment arm of French telecommunications giant Orange has announced financing for South African fintech company Yoco. Launched in 2015, the company provides mobile credit card payment facilities to small businesses and is seeking to expand across sub-Saharan Africa, funding for which has come through a round of finance driven by investment fund Partech, with involvement from Dutch bank FMO, […]
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