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...
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...
MTN MoMo Uganda has announced the launch of an overdraft service, MoMo Advance TO HELP CUSTOMERS ACCESS Mobile Money Funds in advance. MTN Mobile Money in partnership with NCBA Bank, has launched a new MTN MoMo overdraft service dubbed MoMoAdvance that will enable MTN MoMo customers to access advance Mobile Money funds that they can...
In 2020, with the Covid-19 crisis and the social restrictions it has induced, the Kenyan government exempted mobile transactions of a certain value from fees. Today, although these incentives have been lifted, the payment habits acquired by the populations have remained. Payment by Mobile Money recorded a new record in Kenya from January to November 2021....
Mobile payments in sub-Saharan Africa are predicted to grow by over 60% in the next five years, showcasing that Local Payment Methods (LPMs) like these are key for more expansive e-commerce opportunities. The total value of mobile money transactions in emerging markets is predicted to exceed US$870- billion in 2026. This is according to Frank Breuss, CEO...
AIRTEL Tanzania has partnered with Letshego Bank Tanzania to launch a digital savings campaign ‘Save and Win with Timiza Akiba’. With the initiative, Airtel Money customers stand a chance of winning up to 20,000/- a week when they deposit a minimum amount of savings to their Timiza Akiba accounts and don’t withdraw their savings in...
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...
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...
Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces that its subsidiary Airtel Mobile Commerce Nigeria has been granted approval in principle by the Central Bank of Nigeria to operate as a super agent in Nigeria. The super agent licence is distinct from the Payment...
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...
