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MTN Uganda Under Fire Over Mobile Money Transaction Reversal
The leaders of the campaign say they are entering a new phase after an elapsed deadline for MTN Uganda to commit to an open, transparent and constructive dialogue on how to put in place measures on mobile money reversals.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Report: Nigeria lagging behind in financial inclusion, mobile money
An International Finance Corporation report says Nigeria is lagging behind its peers in sub-Saharan Africa in terms of financial inclusion and mobile money.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Uganda’s finance minister says mobile money tax may be reviewed
Uganda’s finance minister told journalists on Monday that a new tax on mobile money transactions in the country that was approved by parliament last week, is different from what the cabinet agreed.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Singapore, India to boost fintech collaboration
The two Asian countries, which already have partnered on cross-border payment services, will create a joint working group to explore opportunities for further collaboration in fintech.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech
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MTN Ghana makes history with first mobile money-based IPO
The IPO is the largest ever undertaken by the country and if successful could set the stage for other companies to test the market.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Uganda’s parliament approves social media and mobile money taxes
The new taxes that take effect in the next financial year will see Ugandans pay a 1% tax on all mobile money transactions while they will also be charged 200 shillings ($0.027) for every day they access social networking sites like Facebook, Twitter and WhatsApp.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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WhatsApp Hastens Payments Push for 200 Million Indians
“WhatsApp has a great starting point: a monopoly in chat,” said Vivek Belgavi, leader for financial technology at PwC India. “High engagement makes it a credible competition.”
- Categories
- Finance
- Region
- South Asia
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China’s Ant Financial raises $10 billion at $150 billion valuation
Ant’s first fundraising targeting global money values the firm at $150 billion, the people said, compared with about $60 billion after its previous fundraising in April 2016.
- Categories
- Finance
- Region
- Asia Pacific