Mauritius progresses on Fintech island ambitions

Process could only be done after Central Bank’s Financial Intelligence Unit (FIU) was satisfied with the legitimacy of the source of the money.

The telco sees a significant increase in subscribers, with the addition of 3.9 million customers in the third quarter, bringing total subscribers to 75 million.

Murray Gardiner, MD of Bluecode Africa, says African payment solutions are critical to minimising fraud while improving the free flow of funds to boost business and economic activity.

Clickatell believes growth of the chat economy presents one of the most fertile commercial opportunities of the 21st century.

The money transfer service drops remittance fees by half on every transaction to Zimbabwe and offers digital banking accounts with zero transaction fees.

The importance of a well-thought-out sourcing strategy and a partner who assists in creating value for the organisation will become ever more critical says Zain Patel, Managing Director, Merchants South Africa.

Cryptocurrencies, including bitcoin, will be listed on its foreign currency only listed bourse, Victoria Falls Stock Exchange (VFEX) from today.

Faith Nkatha Gitonga joins the company to lead operations and scale its payments ecosystem.

Combined company will leverage resources across regions and advance its global growth strategy.

Operator believes alliance will bolster network through technical knowledge, high-level discourse and capacity building for regulators.

Deal reportedly exceeded US$200-m, subject to regulatory approval.