Search Results for: mtn

Global payments firm Adyen partners with Cellulant to onboard M-PESA on Netflix, eBay, Airbnb, Facebook

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Cellulant has announced a partnership with Adyen – a global payment company, further increasing Adyen’s capability to offer its global merchants access to key local payment methods in major African markets. The deal will see Ayden, which replaced PayPal on eBay, bring mobile money platforms such as M-PESA, Airtel Money, Equitel, Tigo Pesa and MTN Mobile Money, as well as several online and mobile banking payment methods to eBay, Facebook, Airbnb, Spotify, Uber and Netflix. Adyen will have access to 40 mobile money operators, over 600 local & international merchants and over 120 banks in…

WorldRemit joins mobile money provider Paga to allow direct pay to 11 million Nigerian accounts

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International cash transfer company WorldRemit signed an agreement with mobile money provider Paga to allow direct payments to 11 million additional accounts in Nigeria. In a statement the global remittance company said the move “considerably grows” its footprint in the country, which opened new channels to its users in more than 50 countries transferring money to citizens in Nigeria. According to figures cited by WorldRemit, Paga is the country’s widest-reaching mobile money company with more than 14,000 agents present across 36 states. Approximately $26 billion was transferred into Nigeria during…

Jumia hits US$196-million in landmark New York IPO but investors may regret funding an elusive dream

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Jumia billed as Africa’s first “tech unicorn”, is a venture-capital funded company valued at more than $1bn on the New York Stock Exchange. Its lack of a profitable model didn’t seem to matter much on the first day of trading on Friday, as the stock surged by 75%. Jumia filed S1 documents with the US Securities and Exchange Commission (SEC) last month to launch its IPO, which was underwritten by banks such as Morgan Stanley and Citigroup. The stock went on sale on Friday 12 April 2019, initially valued at…

Tweaking Africa’s Mobile Profile To Sustain Growth

The importance of bringing Africa’s mobile market up to speed with global counterparts was a hot topic of discussion at a session during the annual Mobile World Congress being held in Barcelona. During a panel discussion, MTN Group CEO Sifiso Dabengwa and Bharti Airtel CEO Manoj Kohli highlighted what needs to be addressed in Africa’s mobile industry…read more