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Mobile money agents and bulk paying merchant lines in Zimbabwe have been put out of business, while merchant accounts will only receive payments after the central bank softened a tough government directive that had completely banned mobile based monetary platforms and ordered that trade on Zimbabwe’s Stock Exchange (ZSE) be suspended until further notice. Zimbabwe...

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Zimbabwe on Friday suspended trade on the stock exchange and mobile phone-based payments to address what President Emmerson Mnangagwa’s government called “criminality and economic sabotage”. The decision to suspend mobile payments will hit the economy hard as more than 80% of all transactions are conducted on phones due to a shortage of banknotes, according to central...

MTN Congo has the wind in its sails. Each day that passes, she dreams only of innovations. Today, the prowess of MTN Congo has crossed national borders. This subsidiary of the South African Group, a multinational telecommunications company operating in 22 countries in Africa and the Middle East, is making progress in the business world. Despite the health...

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Vodacom M-Pesa has expanded its international money transfer service portfolio to cover 200 countries. According to a statement released to the media, the mobile money service confirmed the development in Dar es Salaam, Tanzania during an event to mark an international day of family remittances. The event focused on the future of international remittance post-COVID-19....