Stories tagged “Mobile Money.”
5 stories
Airtel Money plans to list on the London Stock Exchange to raise capital for acquisitions and consolidate Africa's fintech sector, aiming to convert 75 million telecom customers.
In Ten Years, Diaspora Money Transfers to Africa Have Exploded
Money transfers from the African diaspora to the continent surged by 86% in a decade, reaching $124 billion in 2025, according to IFAD. Five countries receive the majority, but West Africa shows significant growth.
African financial markets are significantly outperforming global indices in 2026, with exchanges in Accra, Lagos, Abidjan, and Tunis seeing gains between 46% and 71%. This exceptional profitability is attributed to ongoing reforms, reduced key interest rates, and the grow…
Fintechs Sendwave and TapTapSend are competing in the African money transfer market, leveraging mobile money growth. They focus on speed and lower fees for diaspora remittances.
Aminata Kane, Visa's Senior VP for West and Central Africa, states that while mobile transactions are rapidly growing in Sub-Saharan Africa, restrictive regulations and taxes in Francophone regions impede their broader development.