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U Mobile secures financing from CIMB for second 5G network

Developing Telecoms

Malaysian telco U Mobile announced on Wednesday it has signed a Memorandum of Understanding (MoU) with CIMB Bank to extend financing support for its upcoming 5G network rollout.

Finance 264
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USSD service boosts Nigerian mobile transaction options

Developing Telecoms

PalmPay has announced the launch of its USSD code, a service that offers Nigerians an additional way to manage their finances without the need for internet connectivity.

Finance 269
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Mukuru launches mobile wallet service in Zimbabwe

Developing Telecoms

Financial services platform Mukuru says it has launched a mobile wallet in Zimbabwe called Mukuru Wallet. This follows Mukurus award of a Deposit-Taking Microfinance Institution (DTMFI) licence in the country by the Reserve Bank of Zimbabwe.

Mobile 260
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U Mobile gets financing for Malaysia’s second 5G network

RCR Wireless

U Mobile received approval from the Malaysian Communications and Multimedia Commission last November to operate as the countrys second 5G provider Malaysian operator U Mobile has signed a Memorandum of Understanding (MoU) with local bank CIMB Bank Berhad (CIMB) with the aim of extending financing support for its upcoming 5G network rollout.

Finance 105
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Fintech company Mukuru launches new mobile wallet in Malawi

Developing Telecoms

Leading financial services platform Mukuru has announced the launch of its new mobile wallet in Malawi, the Mukuru Wallet, which, Mukuru says, is designed to address the growing demand for a convenient, secure, efficient way to manage funds and make money transfers.

Mobile 276
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Madagascar’s mobile money operators slam transaction tax plan

Developing Telecoms

Madagascar’s three mobile money operators – MVola, Orange Money and Airtel Money – have denounced plans by the government’s Directorate General for Taxes (DGI) to tax mobile money transactions, which they say will discourage financial inclusion and harm the economy.

Mobile 237
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Digital banking firm Nubank plans MVNO mobile service in Brazil

Developing Telecoms

Brazil-based digital bank platform Nubank announced plans on Tuesday to join Brazil's increasingly crowded mobile virtual network operator (MVNO) space in a bid to expand its portfolio beyond financial services.

Mobile 260