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Indian Parliamentary Panel Red-Flags PhonePe and Google Pay Cornering 83% of India’s UPI Payments
An Indian parliamentary panel has urged the government to support the growth of domestic fintech players that can provide alternatives to the Walmart-backed PhonePe and Google Pay.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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MTN Group to Invest $215 Million in Benin’s Infrastructure After a Successful 5g Trial
MTN Group has committed to investing $215 million in infrastructure in the Republic of Benin over the next three years.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Report: Southeast Asia’s Digital Economy to Reach 56% of Region’s GDP by 2027
Digital payments are predicted to remain dominant in the sector, with a share of 61.5%.
- Categories
- Technology
- Region
- South Asia
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Ukheshe & EFT Corporation Announce Market Shifting Fintech Transaction
Ukheshe International has acquired 100% of EFT Corporation Limited from parent Loita Transaction Services.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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MTN to Disconnect Globacom Customers over 15 Years of Interconnect Debt in Nigeria
The NCC in a notice on Monday, said it has now approved partial disconnection of Globacom from MTN Nigeria Communications Plc due to non-settlement of interconnect charges.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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AbbeyCross Raises $6.5 Million for Emerging Markets FX Platform
The firm says it can help clients reduce costs and delays, enhance transparency, and provide fair prices to their clients for emerging market payments.
- Categories
- Finance, Technology
- Region
- Global
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Report: Mobile Money Transactions in Kenya in 2023 Declined for the First Time in 17 Years
It remains uncertain whether the decline in mobile money transactions might impact Kenya's Gross Domestic Product (GDP) given that mobile money agents reportedly handle approximately 60% of the country's GDP.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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How Companies in Africa Are Transforming Cost Centers into Cash
In his first public announcement since becoming CEO in 2021, Intel’s chief executive Pat Gelsinger announced a strategy shift.
- Categories
- Technology
- Region
- Sub-Saharan Africa
