For the first time, more than $1 billion was sent and received in the form of remittances globally every month via mobile money, says the GSM Association.
MTN, Mastercard boost e-commerce payments across Africa
Through a strategic partnership, MTN customers with a Mastercard virtual payment solution linked to their MoMo wallets can make payments to global merchants.
The new partnership is intended to make it easier for mobile money customers to load funds onto their mobile wallet without the need for a credit card.
MTN posts strong Q3 results, nets R2.3bn from Jumia
The telco weathers a multitude of challenges to record financial gains in the third quarter and exits from its 18.9% investment in e-commerce platform Jumia.