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MOMO Secures Series D to Become Vietnam’s Next Super-App; Plans to Launch New Startup Fund
Vietnam-based payments app Momo has raised an undisclosed amount in Series D financing, says a DealStreetAsia report.
- Categories
- Entrepreneurship
- Region
- South Asia
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Paypal’s Xoom Offers Money Transfers to Mobile Wallets in 12 African Countries
Xoom, PayPal’s money transfer service, has announced that the company’s customers in the US, UK, Canada and Europe can now send secure and convenient money transfers directly to mobile wallets in key markets across Africa with a focus on the underbanked segment.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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The Shift Toward Partnership: How African Banks Can Gain a Competitive Advantage Through Strategic Alliances
The African banking sector is going through a technological revolution, as fintech firms, mobile money operators and other non-traditional players now provide services that had formerly been reserved for banks. Osahon Akpata at Ecobank Transnational Incorporated explores how strategic partnerships can help banks stay profitable and relevant to their customers amidst this disruption.
- Categories
- Entrepreneurship, Finance, Technology
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Visa Partners With Zeepay; Drives Financial Inclusion Across Ghana & Africa
ZEEPAY has partnered with Visa to allow Africans in the diaspora to directly send money onto Visa debit and prepaid cards in Ghana.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Report: Somalis Using Mobile Money More, but Sending Smaller Amounts During COVID-19
Somalis are using mobile money services more but sending smaller amounts of money, according to the country's biggest mobile operator, Hormuud Telecom.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Press Release: Thunes Raises $60 Million in Series B Funding To Accelerate Global Growth
Helios Investment Partners leads Series B financing round, as cross-border payments volume in emerging markets is expected to grow to US$45 trillion.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Reserve Bank of Zimbabwe Reins in Mobile Money Companies
The Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya has ordered mobile money companies to immediately stop registering multiple individual wallets which are being used as conduits for bypassing regulatory transaction limits by illicit money dealers in its latest mid-term monetary policy statement released today.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Mobile Money Accounts in Uganda Grow To Over 25 Million – Ucc Report
Of these, the report says, 21 million accounts undertook at least one billable mobile money transaction in the 90 days preceding March 31. For every two Ugandans, at least one has an active mobile wallet.
- Categories
- Technology
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