mobile money

MTN Uganda introduces overdraft facility as it steps up competition in digital lending space

Africa’s mobile-money sector remains the most active of any region in the world, according to GSM Association (GSMA), an umbrella body representing the interests of players in the telecommunications

Mobile overdraft facility Fuliza outshines Silicon Valley-backed lending apps in Kenya

A digital mobile overdraft facility christened Fuliza by Kenya’s biggest telco Safaricom Plc is giving the country’s popular loan apps a run for their money barely three years after its launch. Fu

MFS Africa collects $100M to expand its digital payments gateway across the region

Investor interest in African fintech continues to grab headlines with large fundraises. Today, Africa’s largest digital payments network MFS Africa joins the fray. The company confirmed to TechCrunc

Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation

Francophone Africa has its first unicorn, and if you’ve been following tech on the continent, you will be very unsurprised to hear that it’s coming from the world of fintech. Wave, a U.S.

PawaPay raises $9M seed backed by MSA, 88mph and Mr Eazi’s Zagadat Capital

When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. It’s literally a no-brainer. The concept is u

Airtel Africa gets an extra $200M for its mobile money business from QIA

Qatar Holding LLC, an affiliate of Qatar Investment Authority, the sovereign wealth fund of Qatar, is set to invest $200 million into AMC BV through a secondary purchase of shares from Airtel Africa.

Ivorian fintech Julaya raises $2M to digitize business payments in Francophone Africa

Julaya enables companies to streamline their accounting and improve their operational efficiency by digitizing payments to workers and suppliers instead of relying on cash.

India’s MobiKwik lands $40M from NASDAQ-listed payment firm Net1

India-based mobile wallet startup MobiKwik has landed a $40 million strategic investment from Net1, a mobile payment firm specializing in solutions for the unbanked that has been listed on the NASDAQ

When Your Carrier Becomes Your Bank

I write to you from my vacation, meaning, this time, the dusty port town of Kaolack in sunny Senegal. (What, your vacations don't involve long hours spent riding in--or, sometimes, on--overcrowded Wes

Bringing Banking To Immigrants & Unbanked, m-Via Rebrands As Boom Financial, Closes On $17 Million In Funding

Global mobile money transfer service m-Via is officially rebranding as <a target="_blank" href="http://www.useboom.com/">Boom Financial</a> today as it announces the close of a $17 million round of fu

Disruptive Payments Network Dwolla Now Provides Users With Instant Access To Cash

Today, online and mobile payments platform <a href="http://www.dwolla.com/">Dwolla</a> is launching what may be one of its biggest features yet: instant access to cash. Via the new opt-in setting ca