Payments News

On The Web

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Deals

MFS Africa Leads $2.3M Seed Round in Ugandan Fintech Startup Numida

“Small businesses in Africa need digital banking services including plenty of credit. Although these businesses drive economic growth and contribute up to one-third of the continent’s GDP, they are often financially excluded from credit and other financial services due to their size and informality. One such company tackling this challenge in the eastern part of […]
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Global

Airtel Uganda, MasterCard Partner to Launch a Virtual Debit Card

“Telecommunication firm, Airtel Uganda today announced a partnership with MasterCard and launched a virtual debit card allows Airtel Money customers to make online transactions safe, convenient and secure without the need of having a bank account. The virtual card is attached to the subscriber’s Airtel money wallet.”
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On The Wires

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Companies

MTN Uganda and Mastercard diversify Mobile Money services in Uganda

“MTN Uganda in partnership with Mastercard and United Bank for Africa (UBA) have announced a new service that will enable quicker, safer and more convenient online payments globally. Through this partnership, MTN MoMo customers will use a virtual card to shop or make payments at the vast network of global outlets accepting Mastercard payments.”