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Coronavirus Seen as Trigger for Mobile Money Growth in West Africa
Mobile money providers across Africa have reduced or waived transaction fees and governments are encouraging digital payments to reduce person-to-person contact and potentially slow the spread of the virus.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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An Overlooked Obstacle to Digital Finance in Nigeria: How Persistent Right of Way Issues Have Hindered Financial Inclusion
Mobile financial services have rapidly boosted financial inclusion in sub-Saharan Africa. But the region’s largest economy, Nigeria, has consistently failed to keep pace with its peers. Many analysts have attributed this to the country’s regulatory caution, but according to Olayinka David-West and Ibukun Taiwo at the Sustainable and Inclusive Digital Financial Services initiative of the Lagos Business School, there's an even more fundamental obstacle the country must overcome.
- Categories
- Finance
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MTN Adds Vodacom Tanzania to its Cross Border Money Remittance Service
The partnership sees MTN Uganda adding Vodacom Tanzania to the list of telecom partners with whom customers can do mobile money transactions in the East African region.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Vodacom Coining It With M-Pesa
Vodacom’s bet on Africa’s burgeoning fintech market through M-Pesa is paying off.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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How Mobile Money Is Taking Over the Finance Sector in Ghana, Records Massive Growth in 2019
Ghana Interbank Payments and Settlements System report has shown that the movement of funds from bank accounts into mobile money wallets or accounts recorded 1224% growth in 2019.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Internet and Social Media Shutdowns Cost African Economies Over $2 Billion in 2019
Shutting down internet and social media access—an increasingly popular choice for governments on the continent in response to protests and dissent—came at a cost of $2.1 billion last year.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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MTN Cameroon Gets GSMA Mobile Money Accreditation
In a statement, the telco said that the certification followed "a rigorous, independent assessment" of the reliability of its financial services in December, describing the feat as "a source of pride" for the company.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Why This Wireless Company Is Exiting Africa and Doubling Down on Latin America
Millicom has telecom operations in Latin America and Africa, but its business today is mostly in Latin America. The company was founded in 1990 in partnership with European technology conglomerate Kinnevik Invest.
- Categories
- Technology
- Region
- Latin America
Parent Organization
