Mobile Finance

MTN and Ecobank Transnational Incorporated (ETI) are collaborating to leverage each other’s assets in order to offer more value to their respective customers across the continent.

PayPal and Safaricom have formed a partnership that enables Kenyans to seamlessly move money between their M-PESA and PayPal accounts.

The upgraded version of Ecobank’s mobile app has attracted 3 million new customers in just 6 months, taking the total number of users to 4 million.

Digital money transfer provider SimbaPay is launching an AI (Artificial Intelligence) powered chatbot service which makes International Money Transfer possible with a single SMS.

Payment technology and transaction processing firm Financial Software Systems (FSS) has formed a strategic partnership with systems integrator Just In Time Group (JIT) to expand its market footprint in Sri Lanka.

Standard Bank Group has acted as exclusive financial adviser to M-BIRR which recently completed a successful equity raise of €8m ($9.8m).

Ooredoo Algeria has extended its contract with digital transactions firm eServGlobal for a further three years.

Sri Lanka’s Cargills Bank has partnered with TransferTo, a cross-border mobile payments network for emerging markets, to enhance and strengthen its remittance services offered by the bank.

Huawei has entered into an agreement with UnionPay to expand its Huawei Pay service beyond China for the first time.

MTN has declared its intent to treble its mobile money subscribers in Africa across the next four years, with the ambition of becoming the continent’s largest financial institution.

Bango has launched operator-billed payments for Google Play users with 9mobile in Nigeria.

TerraPay and Wari have signed a strategic partnership agreement that will strengthen the remittances ecosystem in 35 key African markets.

Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers.

Panama-headquartered fintech firm Geva Group has selected Mahindra Comviva as its technology partner for MFS business.

Globe Telecom's mobile commerce subsidiary G-Xchange has partnered with EMQ to expand the latter’s reach in the Philippines through GCash, offering overseas workers greater flexibility and convenience.

TerraPay has obtained an approval from Bank of Uganda to facilitate International money transfers to mobile wallets in the country.

Visa CEO Alfred Kelly has affirmed the company’s goal to claim a “fair share” of India’s incipient cashless payment market by offering low cost, low hassle solutions to merchants.

WorldRemit and Huawei have announced a partnership to make WorldRemit’s international money transfer service available to all partners of Huawei’s mobile money service platform across Africa.

Wirecard and VEON have signed a global payments and processing agreement that will benefit hundreds of millions of mobile users across the world.

Digital money transfer service WorldRemit has added Android Pay to its service, offering its users a new way to send money internationally and reach millions using mobile money accounts.

Contactless mobile money payments provider Youtap has partnered with MatchMove to provide its customers in Africa and Asia with an off-the-shelf open-loop payment acceptance solution for closed-loop wallets.

MFS Africa and Paga have partnered to connect Paga users and Nigerian bank account holders to remittance senders from around the world.

International mobile payment network TerraPay has obtained regulatory approval from the Bank of Tanzania to launch International Money transfer services to mobile wallets in the country.