Tigo Money, the fintech business of fixed and mobile telecommunications services provider Millicom, and digital payments company Visa have announced a regional agreement aimed at expanding access to digital financial services and driving financial inclusion across Latin America.
Operators have called on the lowering of red tape to enable a revamp and diversification in services, particularly in fintech – a move highlighted to avoid flattening revenues seen in western service providers.
Fintech firm Yabx has announced that it is entering the Nigerian market.
A new app called PostalPay will, it is claimed, slash the cost of sending money from parts of Europe to Uganda.
As mobile and digital money become more widely used across Africa, so public and private bodies are responding to fears of fraud, as recent news from Ghana and Kenya indicates.