Shares of Airtel Africa and MTN Nigeria have hit what are described as all-time highs after they were granted approval by Nigeria's central bank for banking licences – at least in principle.
The Central Bank of Nigeria has granted its approval in principle for the local units of Airtel Africa and MTN to receive Payment Service Bank (PSB) licences.
Telenor has confirmed that it is reviewing possible buyers for its 55% majority stake in Telenor Microfinance Bank, which provides financial services in Pakistan.
Banking software firm Temenos has announced contract wins in Cambodia and Egypt.
Microfinance firm Barko is entering South Africa’s retail banking market with a new digital bank built on Temenos Transact and powered by The Temenos Banking Cloud.