Mobile money transaction value hits $1trn globally in 2021, GSMA finds
BY ONOME AMUGE The mobile money industry soared towards a new milestone in 2021 as the value of transactions processed globally rose
Volume of mobile transactions in Nigeria surged 82.6% y/y to 1.7bn in 2020, report shows
Charles Abuede A recent report obtained from the Nigerian interbank settlement system (NIBSS) has revealed that there was an
Airtel enters agreement to will out minority stake of its mobile money service to Mastercard for $100m
Says transaction will be used to reduce Group debt and invest in network infrastructure Charles Abuede Following the recent
Africa dominates 1.2bn global mobile money market, despite Covid19 – GSMA report
…Daily transactions exceeded $2bn, GSMA expects above $3bn a day in 2022 …SSA at forefront of MoMo industry over a decade, still
Airtel Africa, WorldRemit join forces to raise financial inclusion in Africa
By Omobayo Azeez Airtel Africa is scaling up its operations with WorldRemit, the global digital money transfer service that operates
Airtel plans mobile money business roll-out in Nigeria
Airtel Africa has said it will soon roll out its mobile money business in Nigeria. Raghunath Mandava, its chief executive officer,
EcobankPay hits N1bn in transactions value
EcobankPay, the lifestyle digital payments and collections service of Ecobank Nigeria has recorded a cumulative transaction value of
MTN to relaunch mobile financial services in South Africa
MTN is looking to relaunch its financial services play in home market South Africa almost two years after pulling the plug on the
Why Africa accounts for 57% of world’s active mobile money accounts
Limited access to main suite of financial services offerings, especially credit cards has driven mobile money adoption in sub-Saharan
Sub-Saharan Africa accounts for 57% of world’s active mobile money accounts
57 percent of world’s active mobile money accounts are domiciled in Africa in 2016, according to analysts at Ecobank Research in