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Hormuud bolsters mobile money platform with bank partnerships

Developing Telecoms

Hormuud Telecom strengthened its EVC Plus mobile money platform by making it interoperable with MyBank and Agro Bank, with plans to onboard more banks in 2025.

Platform 226
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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.

Mobile 263
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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 188
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Bouygues Telecom closes La Poste deal

telecoms.com

Bouygues Telecom has completed the acquisition of La Poste Mobile, its erstwhile owners having apparently come to some arrangement over the finances.

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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 256
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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 274
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Ethio Telecom enhances remittance with Visa

Developing Telecoms

Ethio Telecom partnered with financial powerhouse Visa to launch the first Visa digital wallet in Ethiopia, a move the operator claimed modernises remittance and bolster its fintech business.

Telecoms 247