Kenyan telecom Safaricom has brought its mobile money service M-Pesa to Ethiopia. As the Financial Times (FT) reported Saturday (Aug. 26), the service went live in Africa’s second-most populous country this month, and will be promoted nationwide in September. “By the end of September we will fully launch M-Pesa here....
Open banking is now live in Nigeria, the first country to adopt open banking regulations in the Africa region. The operational guidelines to kickstart the scheme were released by the Central Bank of Nigeria (CBN) this week, outlining the rules governing how traditional banks and...
Ooredoo and Huawei have partnered on mobile money in the Middle East and North Africa. This collaboration will provide Huawei’s FinTech and mobile money platform to Ooredoo’s operating companies in the information and communications technology (ICT) space in the region, the companies said in a...
A consultative meeting focused on the future of Ethiopia’s mobile money market is to be held Tuesday (Feb. 21). The meeting concerns a draft directive that would replace a 2020 directive that opened the sector to non-financial players and would open the market to foreign...
December 08, 2022
Corporate fraud may be on the rise, but so is highly aggressive corporate fraud-fighting. As Nithai Barzam, chief operating officer at cybersecurity FinTech nsKnox, told PYMNTS for the “Executive Insights Series — Top of Mind,” he’s focused on the hurdles his clients must clear every second of every day because, like those tasked with defending […]
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....
November 23, 2022
Solopreneurs and micro-businesses are the lifeblood of Africa’s informal and semiformal economies, but when it comes to accessing working capital loans, they are typically underserved by most financial institutions. Related:...
January 14, 2019
Africa is home to 54 countries and hundreds of millions of smartphone users — young, tech-savvy and ready to embrace digital payments and banking. Emergent’s Saqib Nazir talks about the opportunities...
September 12, 2023
Western Union and Elektra say users in Mexico can now receive money via chatbot. The offering, the latest in a series of efforts by Western Union to expand its business in Mexico, lets users with an active account at Banco Azteca collect the money sent to them from the U.S., the companies said in a news release Tuesday (Sept. 12). […]
August 27, 2023
Kenyan telecom Safaricom has brought its mobile money service M-Pesa to Ethiopia. As the Financial Times (FT) reported Saturday (Aug. 26), the service went live in Africa’s second-most populous country this month, and will be...
March 06, 2023
Ooredoo and Huawei have partnered on mobile money in the Middle East and North Africa. This collaboration will provide Huawei’s FinTech and mobile money platform to Ooredoo’s operating companies in...
February 20, 2023
A consultative meeting focused on the future of Ethiopia’s mobile money market is to be held Tuesday (Feb. 21). The meeting concerns a draft directive that would replace a 2020...
