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In August 2020, with the approval of the Central Bank of Liberia (CBL), Lonestar Cell MTN, Liberia’s leading GSM and Mobile Financial Services company, launched its international remittances service. The service allows Mobile Money customers in Liberia to receive money from their family and friends anywhere in the world directly to their MoMo accounts, free...

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Standard Chartered Bank and Airtel Africa have announced a strategic collaboration to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services. According to a statement released to the media, Airtel Money’s customers will be able to make real-time online deposits and withdrawals from Standard Chartered bank...

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Econet Telecom Lesotho has completed a circle of innovation by introducing airtime conversion to the EcoCash wallet. This was revealed by Econet’s acting General Manager: Econet Services, ‘Makatleho Raphoolo at the product launch in Maseru this week. Ms Raphoolo said Econet first launched ‘buy airtime with EcoCash’ as one of the mobile money’s basic functions...

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Airtel Africa and Mukuru have partnered to enable Mukuru customers to instantly send cross-border transfers directly to Airtel Money customer wallets in 12 African countries. This partnership will be particularly beneficial for customers making intra-Africa payments from Southern Africa where Mukuru has a leading presence. Customers also benefit from no longer having to physically go...

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Mobile money and mobile banking service providers in Zimbabwe have been ordered to connect with the country’s national payment switch, ZimSwitch by no later than 15 August 2020. The Reserve Bank of Zimbabwe (RBZ) has stipulated this as the deadline for the installation or deployment or commissioning of infrastructure and connection. Last week RBZ announced...