South Africa-based telecom MTN will reportedly invest $1 billion in Ghana. The investment — which is to be made over the next five years — was announced after the Ghanaian government canceled a $773 million tax claim against the firm’s local office, Reuters reported Wednesday...
Artificial intelligence (AI) is helping increase access to financial services in Africa. In recent years, advances in machine learning, a type of AI, have had a profound effect on the delivery of financial services, helping to democratize access in Africa’s emerging economies. For example, it...
FinTech Optasia, Ecobank and MTN are partnering to launch a mobile money microloan service in Guinea. In a Thursday (Jan. 26) press release, the Dubai-based FinTech announced that the services will be offered to MTN’s subscribers in the country under the Ecobank product name “Prêt...
Internet access is the foundation of any digital economy. Without it, there can be no digital transformation, which explains why expanding coverage has been a central pillar of national digitization strategies the world over. In the East African state of Uganda, internet penetration has experienced...
August 14, 2023
South African telecom MTN now counts Mastercard among its investors. The company announced Monday (Aug. 14) that the payments giant had agreed to a minority investment in its FinTech group, valuing that side of the company’s business at $5.2 billion. At the same time, MTN made a commercial agreement with Mastercard “to support the acceleration and growth of our fintech business’s […]
February 16, 2023
South Africa-based telecom MTN will reportedly invest $1 billion in Ghana. The investment — which is to be made over the next five years — was announced after the Ghanaian...
January 26, 2023
FinTech Optasia, Ecobank and MTN are partnering to launch a mobile money microloan service in Guinea. In a Thursday (Jan. 26) press release, the Dubai-based FinTech announced that the services...
April 11, 2022
The Central Bank of Nigeria (CBN) has approved a mobile banking license for South African telecom MTN, allowing it to operate as Momo Payment Service Bank Limited (Momo PSB), according...
