Fintech firm VYZYO has announced that its subsidiary TDFP (Tunisian Digital Finance for People) has signed a partnership agreement with local Al Baraka Bank to launch and operate a new mobile wallet service.
Ethiopian mobile money service TeleBirr has now passed the 20 million subscriber mark. In fact the Xinhua agency reports that TeleBirr, a service designed and rolled out with help from Huawei, now boasts more than 21 million subscribers.
Orange Cameroon has been granted permission by the country’s Ministry of Finance to launch Orange Money Cameroon SA, a subsidiary dedicated to financial transactions via mobile phones.
For the second time in a week, Safaricom’s M-Pesa is in the news with one of its products, as the Kenyan mobile money service launches an interest-free loan service for buying goods.
In a reminder of the changing business models of many operators in Africa, it has been reported that the M-Pesa virtual Visa card, introduced in June, is now undercutting Kenya’s commercial banks in the foreign exchange market.