Tag: Mobile Money
Zeepay secures additional US$3 million from Verdant Capital Hybrid Fund
Verdant Capital Hybrid Fund has completed its fourth investment in just over two years since its closing, with a US$3 million preferred equity investment...
MTN Group reports resilient operating performance in 2023
MTN Group reported a resilient underlying operating performance for 2023 in the face of tough macro headwinds, declaring a total dividend of 330 cents...
MTN Mobile Money is booming
MTN Group Increased its fintech transaction volumes by a third in its latest financial year, as it closes a deal with Mastercard that values...
Airtel Africa considers IPO for its mobile money unit – Report
Africa’s second-largest telecom operator, Airtel Africa, is reportedly considering an initial public offering (IPO) for its mobile money unit. According to a Bloomberg report citing people...
MTN Nigeria recorded 5.3 million mobile money wallets in 2023
MTN Nigeria has reported that its MoMo Payment Service Bank (PSB) reached 5.3 million active wallet users on its platform as of December 2023. According...
MTN, Mastercard to accelerate mobile money ecosystem in 13 African markets
MTN Group Fintech and Mastercard have signed a multi-market agreement that will set in motion a new era of collaboration to connect millions of...
E-levy implementation: Policymakers urged to involve academia
Project Director, Retail Finance at ISSER, Adadzewa Otoo has said that the chaotic and erratic implementation of digital finance tax (e-levy) across Africa is...
MoMo wallet balance and transaction limits to go up from March...
The Bank of Ghana (BoG) has announced an upward revision of mobile money wallet balance and transaction limits for all categories of customers effective...
MTN, Ericsson renew contract to boost MoMo footprints in Africa
MTN and Ericsson have renewed their partnership contract to enhance mobile financial services and financially empower millions of citizens across Africa. Per a statement on...
Mobile Money agents pull brakes on GHS1,000 maximum withdrawal decision
The Mobile Money Advocacy Group (MoMAG) has immediately suspended the decision to limit mobile money withdrawals to GHC 1000.It comes after a meetings with...