PYMNTS-MonitorEdge-May-2024

MTN

Mastercard Investment Values MTN’s FinTech Group at $5.2 Billion
Mastercard Investment Values MTN’s FinTech Group at $5.2 Billion
August 14, 2023  |  Investments

South African telecom MTN now counts Mastercard among its investors. The company announced Monday (Aug. 14) that the payments giant had agreed to a minority investment in its FinTech group, valuing...

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MTN to Invest $1B to Expand 5G Network in Ghana
MTN to Invest $1B to Expand 5G Network in Ghana
February 16, 2023  |  Investments

South Africa-based telecom MTN will reportedly invest $1 billion in Ghana. The investment — which is to be made over the next five years —...

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Machine Learning Helps Expand Credit Access In Emerging Markets
Machine Learning Helps Expand Credit Access In Emerging Markets
January 29, 2023  |  Digital-First Banking

Artificial intelligence (AI) is helping increase access to financial services in Africa. In recent years, advances in machine learning, a type of AI, have had...

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Ecobank and MTN to Launch Mobile Money Microloans in Guinea
Ecobank and MTN to Launch Mobile Money Microloans in Guinea
January 26, 2023  |  emea

FinTech Optasia, Ecobank and MTN are partnering to launch a mobile money microloan service in Guinea. In a Thursday (Jan. 26) press release, the Dubai-based...

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Uganda’s Telcos, Smartphone Ownership Drive Digital Inclusion in East Africa
Uganda’s Telcos, Smartphone Ownership Drive Digital Inclusion in East Africa
August 21, 2022  |  Technology

Internet access is the foundation of any digital economy. Without it, there can be no digital transformation, which explains why expanding coverage has been a...

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Today in FinTech: MrQ Games Gets Instant Payments; MTN Granted Mobile Banking License; Google Automates Finance Processes
Today in FinTech: MrQ Games Gets Instant Payments; MTN Granted Mobile Banking License; Google Automates...
April 11, 2022  |  International

In today’s FinTech news, Contis and Ecospend are bringing instant payments to MrQ games, while MTN is granted a license to operate a mobile bank....

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Nigerian Central Bank Grants Mobile Banking License to MTN to Operate Momo Payment Service Bank
Nigerian Central Bank Grants Mobile Banking License to MTN to Operate Momo Payment Service Bank
April 11, 2022  |  Banking

The Central Bank of Nigeria (CBN) has approved a mobile banking license for South African telecom MTN, allowing it to operate as Momo Payment Service...

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Today in FinTech: Atlantic Money Emerges From Stealth; Backers Wanted for MTN’s FinTech Unit
Today in FinTech: Atlantic Money Emerges From Stealth; Backers Wanted for MTN’s FinTech Unit
March 09, 2022  |  Fintech Investments

In today’s FinTech news, Atlantic Money emerges from stealth mode with fixed-rate money transfers, while South African telecom MTN seeks investors for its FinTech unit....

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EMEA Daily: Telecom MTN Looks for Investors in FinTech Unit; UK-Based Open Finance Partnership Platform mmob Raises $6.6M
EMEA Daily: Telecom MTN Looks for Investors in FinTech Unit; UK-Based Open Finance Partnership Platform...
March 09, 2022  |  International

In today’s top Europe, Middle East, and Africa news, South African telecom MTN is seeking minority investors after separating its FinTech unit from its traditional...

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