m-pesa

Mobile money crossed a key milestone last year—that’s good news for Africa’s coronavirus battle

Sub Saharan Africa accounted for over 60% of the $690 billion transacted through mobile money services last year.
Africa turns to mobile payments as a tool to curb COVID-19

Africa turns to mobile payments as a tool to curb COVID-19

Africa is using digital finance as a means to stem the spread of COVID-19. Governments and startups on the continent are implementing measures to shift a greater volume of payment transactions toward
CcHub funds tech to curb COVID-19 on concerns of an Africa outbreak

CcHub funds tech to curb COVID-19 on concerns of an Africa outbreak

Africa’s largest innovation incubator, CcHub, will offer funding and engineering support to tech projects aimed at curbing COVID-19 and its social and economic impact. The Lagos and Nairobi based
Kenya turns to M-Pesa mobile-money to stem the spread of COVID-19

Kenya turns to M-Pesa mobile-money to stem the spread of COVID-19

Kenya’s largest teleco, Safaricom, will implement a fee-waiver on East Africa’s leading mobile-money product, M-Pesa, to reduce the physical exchange of currency in response to the COVID-19 outbreak.
Africa Roundup: TLcom closes $71M fund, Jumo raises $55M, AWS partners with Safaricom

Africa Roundup: TLcom closes $71M fund, Jumo raises $55M, AWS partners with Safaricom

VC firm TLcom Capital closed its Tide Africa Fund at $71 million in February, and announced plans to invest in 12 startups over the next 18 months. The group — with offices in London, Lagos and
Central banks are contemplating a world without cash

Central banks are contemplating a world without cash

More than a dozen central banks are considering how and whether to create a digital form of cash.
AWS partners with Kenya’s Safaricom on cloud and consulting services

AWS partners with Kenya’s Safaricom on cloud and consulting services

Amazon Web Services has entered a partnership with Safaricom — Kenya’s largest telco, ISP and mobile payment provider — in a collaboration that could spell competition between American cloud providers
Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion

Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion

Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The Lagos based startup will

Vodafone is the latest to leave Facebook's Libra Association

The Facebook-created Libra Association is still bleeding members months after it formalized its council. Telecom giant Vodafone has confirmed to CoinDesk that it left the Association. Unlike past
African startups are making the risky bet of expanding beyond the continent for growth and profits

African startups are making the risky bet of expanding beyond the continent for growth and profits

A growing number of startups are bucking the conventional expectation of first seeking pan-African growth.
Lessons from M-Pesa for Africa’s new VC-rich fintech startups

Lessons from M-Pesa for Africa’s new VC-rich fintech startups

Over the least decade, Africa has been in the midst of a startup boom accompanied by big growth in VC and improvements in internet and mobile penetration.
Everything you need to know about African fintech right now

Everything you need to know about African fintech right now

Fintech has become the defining sector of tech startup ecosystems across Africa
PalmPay launches in Nigeria on $40M round led by China’s Transsion

PalmPay launches in Nigeria on $40M round led by China’s Transsion

Africa-focused payment startup PalmPay has launched in Nigeria after raising a $40 million seed round led by Chinese mobile-phone maker Transsion. The investment came via Transsion’s Tecno subsidiary,
Nubank’s app has been downloaded more than Revolut, Monzo, and N26 combined

Nubank’s app has been downloaded more than Revolut, Monzo, and N26 combined

The Brazilian company's rapid growth shows the promise of mobile banks in developing markets.
Kenyan telco Safaricom’s Alpha incubator faces uncertain future

Kenyan telco Safaricom’s Alpha incubator faces uncertain future

Safaricom’s Nairobi-based Alpha innovation incubator may have an uncertain future, according to sources. With two high-level departures, and the passing of Safaricom’s CEO Bob Collymore, there are
Nigeria is finally turning to telcos to drive financial inclusion through mobile money

Nigeria is finally turning to telcos to drive financial inclusion through mobile money

Nigeria has all the ingredients for mobile money culture but is so far yet to record significant success on the scale of countries like Kenya.
Mobile-based lending is a double-edged sword in Kenya—helping but also spiking personal debt

Mobile-based lending is a double-edged sword in Kenya—helping but also spiking personal debt

The speed and ease of access to credit through mobile applications has caused many borrowers to become heavily indebted.
After years of rapid growth in Africa we’re about to enter the age of Mobile Money 2.0

After years of rapid growth in Africa we’re about to enter the age of Mobile Money 2.0

Africa’s highly fragmented regulatory landscape is a massive barrier to growth for Mobile Money 2.0 startups and incumbents alike
Digital lending apps are coming under scrutiny in East Africa for predatory practices

Digital lending apps are coming under scrutiny in East Africa for predatory practices

Kenya's Central Bank governor has criticized digital lending platforms as “displaying shylock-like behavior while hiding behind nice-looking applications.”
African digital businesses face more obstacles as the internet gets dominated by “super platforms”

African digital businesses face more obstacles as the internet gets dominated by “super platforms”

"Wealth creation in the digital economy is highly concentrated in the US and China, with the rest of the world, especially countries in Africa considerably far behind."