Total 24 Posts
The partnership between Mastercard and MTN Group is hoped will enable the millions of the mobile service provider's customers to pay on global online platforms with a Mastercard virtual payment solution linked to the MTN MoMo wallet.
USA-based but Africa-focused fintech startup, Pngme, has announced that it has successfully concluded raising $3 million in VC funding which will help it further expand its offerings across Africa.
South African fintech startup, Ukheshe, has entered into a partnership with KCB Bank Kenya to enable the startup to issue both virtual and physical cards across East Africa.
Despite the compelling value proposition that mobile money offers, the Reserve Bank of Zimbabwe recently placed significant regulatory restrictions on its operations. The regulator said mobile money services were fuelling illegal foreign currency exchange.
We talk of new generation fintech as driving financial inclusion by making it easier and cheaper to transact or move value, but we must take a step back and realize that with all that activity and growth, your data remains locked up with each service provider.
Credit, related to cash transfers, is a form of informal community support, and eliminating it is both undesirable and infeasible. However, agencies should take steps to prevent highly vulnerable refugee households from falling into high levels of debt.