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Helios Investment Partners is in talks with African telecommunications operators and banks about ways the private equity firm can help them cash in on their mobile money and digital payments platforms. Africa’s largest wireless carriers, including MTN Group and Airtel Africa, are among companies exploring how to unlock value from their multibillion-dollar fintech operations. Johannesburg-based MTN...

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Despite limitations on interoperability and permitted amounts, mobile money platforms remain the most cost effective and most popular channel for remittances into Kenya, according to a new survey released by the Central Bank of Kenya. The Kenya Diaspora Remittances Survey December 2021 shows that remittance receipts through formal channels surged to US$3.7-billion during the year, compared to...

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TerraPay, a global payments infrastructure company, has announced its association with MTN Mobile Money Uganda Limited, a telecom operator in Uganda and part of the MTN Group. The partnership will enable  MTN Mobile Money Uganda Limited in facilitating international digital cross border remittances and speedy money transfers to beneficiaries in regions such as India and China. Since 2020, TerraPay has...

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Thunes, a leading global payments platform, today announced a partnership with Ethio telecom, Ethiopia’s largest telecom operator with more than 59 million subscribers. With access to Thunes network, telebirr will become the first telecom operator-led money transfer service in Ethiopia to deliver a fast, transparent and cost-effective money transfer experience to its customer base of over 11 million mobile money users. This...

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Airtel Money has today launched the Airtel Money Mastercard virtual payment solution in Zambia, that allows all Airtel Money customers in the country, even those without a bank account, to make global e-commerce payments safely and securely, underpinned by a growing demand for digital payments. This forms part of Airtel Africa’s strategic partnership with Mastercard to...