A technology that allows users to make financial transactions using their mobile devices, facilitating easier access to financial services.
How Senegal’s new mobile money tax sabotages its digital economy
Senegal's new mobile money tax has become a topic of intense national debate. The tax is a 0.5% levy on money transfers aimed at mobilizing revenue.
Beyond Mobile Money: The Quiet Struggle to Modernize Ghana’s Ancient Susu System
The 2025 Global Findex Report shows that 36% of Ghanaian women save formally, but men are still 7 percentage points more likely to do so. The Susu system serves as a critical counterweight to financial exclusion, particularly for women facing barriers with formal banks.
Bloomberg Seeks Africa’s Most Groundbreaking Startups
Launch of the inaugural Africa Startups to Watch list Mobile money innovation by an African company nearly two decades ago
MTN Group service revenue plunges 18.8% in Q1 2024, fintech revenue up 11.4%
MTN Group reported an 18.8% fall in Q1 service revenue compared to Q1 2023, but in constant currency, service revenue increased by 11.1%. MTN Nigeria's service revenue declined by 52.8% in Q1 2024.
