- In December 2024, Mobile Money Rwanda partnered with Mastercard to introduce a virtual payment card, enabling MoMo users in Rwanda to make secure global and cross-border e-commerce transactions. This strategic collaboration is expected to significantly enhance digital financial access and convenience for MoMo customers
- In December 2024, The Marygold Companies, Inc. announced that its fintech subsidiary, Marygold & Co., launched a new feature in its mobile banking app—a Cash Management Account offering returns of up to 6%. This innovation is set to attract users seeking higher returns through user-friendly financial technology
- In November 2024, MTN Mobile Money introduced a Flexible Hybrid Loan Recovery Approach to offer customers personalized repayment options and improved financial support. This initiative is aimed at empowering users to manage their finances more effectively and reduce financial stress
- In August 2023, Safaricom expanded its M-Pesa mobile money service to Ethiopia, adding to its presence in the Democratic Republic of the Congo, Egypt, Ghana, Kenya, Lesotho, Mozambique, and Tanzania. This move further strengthens M-Pesa’s position as Safaricom’s most profitable business and a leader in mobile financial services across Africa
- In January 2024, Hitachi Payment Solutions and Yes Bank joined forces to launch Hitachi Money Spot Plus in India, focusing on enhancing financial inclusion in Tier 3 to Tier 6 towns. This partnership aims to deepen banking access in underserved areas, promoting broader economic participation
