OPay partners Mastercard to ‘open up e-commerce to millions’ in Africa

Nigerian mobile payments and financial services company Paga is competing for greater market share and company’s CEO explains why.

Company announced strong results this week, reinforced by increase in subscriptions, data use and Fintech.

Despite forex loss and sustained pressure, company has managed to increase revenue from data and voice silos.

One of the measures government has implemented to try to stop economic nose-dive.

But operator still posts increase in data services, data traffic and mobile money revenue.

Mobile operator cites foreign currency shortage, volatile exchange rate and sustained cost pressure on margins.

Digital services players say tax authorities representing the East African Community (EAC) member states have agreed to develop a joint strategy to tax the digital economy.

Authorities argue the Simbisa-run service does not possess a permit.

Affordability of service and smartphones as one of the key barriers to digital inclusion in Africa.

Safaricom and Ethio Telecom have concluded interconnection and capacity lease agreements.

Industry regulator releases report documenting impact of economic challenges on mobile telecommunications.

Parties met to discuss digital currencies, CBDC technology as well as revenue tax collection and mobile money issues.