At Mobile World Congress on Monday, payments company Visa and the GSMA Mobile for Development Foundation (a.k.a. the GSMA Foundation) launched the Digital Finance for All (DFA) Initiative to advance digital financial inclusion in developing markets.
Ericsson and Telenor Microfinance Bank (TMB) have signed a multi-year extension of their existing partnership to expand TMB’s mobile wallet easypaisa and establish TMB as a full-fledged digital bank in Pakistan.
The International Finance Corporation (IFC) signed a cooperation agreement with Vodacom to bolster its M-Pesa mobile money platform in Mozambique, a move to boost financial inclusion in the country.
India’s Unified Payment Interface (UPI) has made its official debut in Sri Lanka and Mauritius, with Nepal reportedly next on the list as India’s real-time payments system continues its international expansion.
Telekom Malaysia (TM) and Maybank Islamic announced on Thursday that they have partnered to create what they’re billing as Malaysia’s first Islamic banking-as-a-service (BaaS) solution powered by 5G.
MTN struck a deal to have financial powerhouse Mastercard invest US$200 million to take a minority stake in the operator’s fintech unit.
Digital payments in Cambodia grew significantly in 2023 in terms of digital wallet accounts and transactions, according to the latest figures from the National Bank of Cambodia (NBC).
Sri Lankan operator SLT-Mobitel said it has expanded its partnership with insurance company Union Assurance to enable its customers to access tailored life insurance plans via its mobile money platform mCash.
Google Pay India has signed a deal with the international arm of the National Payments Corporation of India (NPCI) to export India's Unified Payments Interface (UPI) mobile payment system to international markets.
MTN Group has expanded its partnership with Ericsson to boost its mobile financial services offering.
Orange Finances Money Mali, which issues, manages and distributes electronic money under the Orange Money brand in Mali, has announced a partnership with TerraPay, a global cross-border payments network with an extensive reach.
Three Vietnamese banks have reportedly changed their SMS notification policies in a bid to encourage customers to switch to digital banking apps, as SMS charges from telcos are too expensive.
Among news stories that may have sneaked under the radar during the holiday season is an interesting partnership announced about a week ago between Vienna Payment Solutions/VIPASO and technology solutions provider Interswitch East Africa (Kenya) Limited.
M-Pesa, the mobile money platform used by more than 32.1 million Kenyans and over 60 million customers across eight African markets, is taking a new direction in the payments field.
Copia Global, an e-commerce/fintech platform for African mass-market consumers, and payment giant Visa have announced a strategic five-year partnership to provide digital financial services to middle to low-income consumers in Kenya.
Operator Djibouti Telecom says it has developed D-Money, a new online payment service for port workers.
Last week, we examined the impact of mobile money in Africa, exploring the runaway success of M-Pesa in Kenya by framing this against the broader backdrop of the continent, where mobile money has frequently been touted as the solution to financial inclusion.
Safaricom continues to enhance the offering of its recently launched Ethiopian service. The latest innovation is a payment system aimed at entrepreneurs, businesses and government.
Operator Tigo Tanzania has partnered with DCB Bank to expand financial inclusion for the unbanked through a service partnership that will enable customers to access the bank's services through mobile payment service Tigo Pesaʼs network of mobile money agents.
Mobile money is one of the great success stories in Africa – or at least, this is the popular narrative around the technology. In this two-part series of Features, we will examine mobile money’s impact in Africa, and the extent to which it really has revolutionised financial inclusion in the continent.
Mobile operator Hutch Lanka has announced a strategic partnership with payments company Bancstac to enable new payment acceptance capabilities across all of Hutch’s digital payment channels in Sri Lanka.
Is Vietnam edging closer to mobile money adoption? That appears to be the case after the announcement of an extension to the existing mobile money service pilot.
Payments fintech company Cellulant has obtained initial approval as a Payment Service Provider and Payment Facilitator in Egypt.
It looks like the mobile money service that helped to make Safaricom the dominant player in Kenya is making reasonable headway in Ethiopia too.
A new report from Google parent company Alphabet stated the digital economy of Vietnam is expected to grow 20% per year between 2023 to 2025, reaching a total of US$45 billion.
Airtel Money Tanzania has partnered with cross-border payments network TerraPay to enable its customers to pay for purchases in the United Arab Emirates.
Indosat Ooredoo Hutchison (IOH) says it’s collaborating with Setara Networks (a.k.a. Tara) to launch zero-fee instant transaction features to further accelerate the adoption of digital payments in Indonesia.
Indonesian fintech firm Yokke has formed a strategic partnership with Japan’s SB Payment Service Corp, a unit of SoftBank.
Text and voice service WhatsApp has expanded its fast-growing payment offering in its biggest market with this week’s news that it has launched an in-chat payments service for businesses in India.
Brazilian fintech firm EBANX is expanding into eight new African markets.
Nagad Limited, a mobile financial service provider in Bangladesh, has joined forces with TerraPay, a global payments network. The aim, the partners say, is “to revolutionize the landscape of cross-border remittances”.
IDEMIA, a major name in identity technologies and biometric solutions, has partnered with Airtel Payments Bank, which serves over 40 million customers through its digital platform and a retail-based distribution network, and HMD Global, the exclusive licensee of the Nokia brand for phones, tablets and accessories, to expand the reach of offline CBDC (Central Bank Digital Currency) payments in India.
Global analytics software provider FICO has announced a partnership with telecom and mobile financial services solutions provider LigaData to bring advanced decision management and optimisation tools to telecommunications firms in Africa, the Middle East and Asia.
Orange Romania agreed terms for the sale of its digital banking unit to Alpha Bank, as part of the wider groups’ strategy to exit the banking sector in Europe.
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