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MTN’s record Ghana IPO is seen drawing Africa-focused funds
“The offer will generate a lot of global interest,” Boahen said by phone from the capital, Accra. “If you see the numbers, it’s a very profitable company. MTN has a dominant market position and a lot of investors will like to get a piece of the fast-growing telecom sector.”
- Region
- Sub-Saharan Africa
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Impact investor Quona Capital plans to raise $150-200 million Fund III
While fintech remains the broader theme for Quona going forward, the company plans to broadbase its investment portfolio across sectors that can leverage fintech to deliver everyday needs in areas such as education, healthcare and insurance and small business.
- Region
- South Asia
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SimbaPay launches AI-powered chatbot that enables global money transfers via text
Digital money transfer provider SimbaPay has launched an AI-powered chatbot service which enables its customers to make international money transfers with just a text.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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The race to become the world’s leading leading Islamic fintech hub
Malaysia, the UK and Indonesia are leading the race, ranking first, second and third respectively by number of Islamic fintech startups, says Bloomberg Intelligence. However, fierce competition from Middle Eastern countries threatens their supremacy.
- Categories
- Finance
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Press release: Alipay Expands Global Footprint Into Mexico Through Partnership With Openpay
Alipay, the world’s leading digital payments platform, operated by Ant Financial Services Group, today announced that it is further expanding its footprint in the Americas through a partnership with Openpay in Mexico. Now, Alipay’s more than 600 million active users in China will be able to use Alipay to make purchases from Openpay’s affiliated businesses in Mexico. Alipay is China’s leading payment provider and the primary means of online and mobile payment for Chinese consumers.
- Categories
- Finance
- Region
- Latin America
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One of UK’s biggest banks is going digital in Africa for a share of the mobile money market
UK bank, Standard Chartered, is making a play for the mobile financial services market in Côte d’Ivoire—where it has no physical presence—with the the launch of its first digital-only retail bank. The bank will offer digital services allowing users make transfers and pay bills.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: Women’s World Banking, ExxonMobil Foundation and the Center for Global Development Announce New Global Initiative, She Counts, to Put Financial Tools in the Hands of Women
Today, Women's World Banking, the Center for Global Development, and ExxonMobil Foundation launched She Counts, a global initiative convening and harnessing the power of financial service providers committed to serving women. Announced at a special event hosted by the Council on Foreign Relations, She Counts aims to harness the power of financial services to put savings and financial tools in the hands of underserved women, enabling them to save securely and invest in their businesses.
- Categories
- Finance
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Initiative aims for cross-border interconnectivity of mobile wallets in Southeast Asia, India
Singtel will start with Thailand’s largest mobile operator, AIS. The Group plans to progressively expand this service from the second half of 2018 to other regional associates, which include Airtel in India, Globe in Philippines and Telkomsel in Indonesia.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech