MTN Group targets 40 million SMEs across Africa

The group's suite of services, including MoMo (Mobile Money), Ayoba, and Chenosis, will be showcased a two day SME event MTN is hosting this week.
Cape Town correspondent
18 May

Cameroon grants MTN payment services license

MTN will now  be independently offering services including cash deposits, transfers and withdrawals.
17 May

Vodafone to sell M-Pesa holding company for a dollar

Completion of the transaction is subject to various approvals, which are expected to be obtained before or during July 2023.
15 May

M-Pesa hits $365 billion milestone

In the last financial year, international M-Pesa revenue was up 31.1% to R6.5 billion, contributing 24.6% of service revenue.
12 May

Safaricom hastens Kenya public sector digital transformation

14 counties are set benefit from various technology solutions offered by  Safaricom to unlock their economic potential.
11 May

Ethiopia grants Safaricom's M-Pesa mobile money license

Mpesa is set to compete against EthioTelecom’s Telebirr mobile money offering.
11 May

MTN Group clocks $65.7bn in aggressive fintech push

MTN recorded a 38.8% increase in transaction volumes to 4.1 billion transactions, with transaction value up by 64.6% to $65.7 billion in Q1.
8 May

Kenya bets on digital economy in youth empowerment drive

The Kenyan president says his government has put in place ‘robust measures’ to ensure successful implementation of the country’s digital economy.
May 5, 2023

MTN suffers complete network outage in Sudan

MTN's main switch sites in Manshia & Garden City have shut down due to fuel shortage and grid power cut.
May 5, 2023

Fintech lifts MTN Rwanda in first quarter performance

Mobile Money subscribers increased by 17.2% year-on-year to 4.4 million, service revenue surged by 14.9% to Rwf 58.4 billion.
May 5, 2023

Ecobank, fintech Fingo Africa debut youth banking app in Kenya

The App enables users to open a bank account via their mobile phone in less than four minutes, send money, pay bills and buy airtime.
May 4, 2023

Kenya's Central Bank launches QR code for financial institutions

The introduction of QR payments by the Central Bank is the latest step by Kenya towards expanding the growing digital payments ecosystem.