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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 269
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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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MTC Namibia 'steps ahead' of rivals with mobile money launch

Developing Telecoms

MTC Namibia launched its mobile financial service, MTC Maris, as the Namibian government hailed the operator for “stepping ahead” of its rivals, while urging them to follow suit in order to connect the fifth of the population that remains unbanked.

Mobile 239
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Ukraine’s newest telco to receive $435m investment from EBRD, IFC

Total Telecom

News The move is the largest direct foreign investment in Ukraine since the war began This week, the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have confirmed they will jointly invest $435 million into Ukraine’s newest converged telco.

Finance 278
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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 255
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TIM receives €700m bid for Sparkle 

Total Telecom

If accepted, the deal could significantly reduce TIM’s debt burden and provide the company with the financial flexibility to invest in its core operations and future growth.

Finance 242