Western Union has teamed with MFS Africa to allow mobile money transfers across the continent. The partnership will allow Western Union users in 200 countries around the world to send funds to the more than 400 million mobile wallets in the MFS network, the companies...
In 2020, scientists at the University of Zambia (UNZA) proposed a clearing and settlement architecture that would allow interoperability between mobile money payment networks based on a distributed ledger system. The researchers argued that a payment infrastructure based on a centralized database is ill-suited to...
In today’s FinTech news, margin calls are on the rise as bitcoin and other cryptocurrencies fall, meanwhile digital payments in Africa are expanding further across the continent as MFS Africa picks up more funds. Plus, Grubhub drivers can get wages deposited daily to a debit...
In today’s top stories from Europe, the Middle East and Africa, trade finance bank Neotrade is expanding its trade finance services for SMBs in the U.K. Also, Google is starting to allow its direct competitors to run ads on YouTube to comply with new EU...
November 27, 2022
In 2020, scientists at the University of Zambia (UNZA) proposed a clearing and settlement architecture that would allow interoperability between mobile money payment networks based on a distributed ledger system. The researchers argued that a payment infrastructure based on a centralized database is ill-suited to the way people use mobile money and creates significant barriers […]
June 10, 2022
Imagine a fashion influencer with millions of YouTube subscribers who is trying to monetize her online content and at the same time purchase a Spotify subscription to download the latest...
March 05, 2023
Western Union has teamed with MFS Africa to allow mobile money transfers across the continent. The partnership will allow Western Union users in 200 countries around the world to send funds to the more than 400 million mobile wallets in the MFS network, the companies said in a statement shared with African FinTech news source […]
June 14, 2022
Digital payments network MFS Africa raised $100 million in equity and debt funding led by Admaius Capital Partners in an extended Series C, bringing the round’s total to $200 million,...
June 06, 2022
Digital payment company MFS Africa is set to acquire the U.S. FinTech Global Technology Partners to help issue prepaid cards — a rare incident of an African company buying a...
October 21, 2021
MFS Africa on Thursday (Oct. 21) announced it has signed an agreement to acquire Nigerian digital solutions and distribution company Capricorn Digital, the parent company of Baxi, for an undisclosed...
