MTN Uganda secures shareholder approval to separate from fintech arm
MTN Uganda has secured shareholder approval to separate its financial technology operations into a new company, MTN Mobile Money Uganda Limited, marking a key step in its revenue diversification strategy. The decision was ratified at a general meeting held on July 22, 2025.
This move aligns with MTN Group’s strategic shift to unlock value from its fintech business across Africa. In recent years, MTN has executed similar spin-offs in Nigeria and Ghana, positioning its fintech arms as independent entities for better operational and financial clarity.
Plans to spin off MTN Mobile Money Uganda Limited were announced in January 2025 but were awaiting shareholder and regulatory approval.
Read more: https://techpoint.africa/news/mtn-uganda-fintech-arm/
RizRemit taps dLocal to streamline cross-border payouts
dLocal, a leading cross-border payments platform specialising in emerging markets, has partnered with digital remittance provider RizRemit to expand and accelerate payout operations across key corridors in Africa and Asia.
The collaboration aims to transform remittance delivery by enabling faster, more accessible cross-border transfers through local payment rails and eWallets.
With a single integration to dLocal’s platform, RizRemit can now tap into local infrastructure such as bank rails and widely used eWallets including OPay in Nigeria and JazzCash and EasyPaisa in Pakistan. This connectivity ensures that recipients get their funds through trusted and familiar channels, helping to cut settlement times and reduce operational complexity.
Read more: https://fintech.global/2025/07/23/rizremit-taps-dlocal-to-streamline-cross-border-payouts/
Flutterwave Partners with Skyee to Power Cross-Border Payments Between Africa and Asia
African fintech company Flutterwave has announced a strategic collaboration with Skyee, a trusted Hong Kong-based B2B payments platform, to streamline and scale cross-border transactions between Africa and Asia.
The partnership is designed to simplify global trade for African businesses by offering faster, more transparent, and reliable payment solutions across Asian markets, further reinforcing Flutterwave’s commitment to expanding access to global commerce and empowering the continent’s small and medium enterprises (SMEs).
This collaboration follows closely on the heels of Flutterwave’s announcement, in early July, of a partnership with Beijing-based financial services provider NoraFirst, aimed at enabling seamless B2B trade payments between Africa and East Asia. It signals the fintech’s growing focus on unlocking new trade corridors across the continent and Asia.
MTN’s Fintech Arm Hits $1B Valuation—IPO Plans Ahead
Why it matters: MTN’s fintech arm, MoMo, just hit a $1B valuation, becoming Africa’s latest fintech unicorn. With 70M+ users across 15+ markets, it’s now eyeing an IPO to fuel expansion and take on rivals like M-Pesa and Airtel Money.
Read more: https://the-banking-brief.beehiiv.com/p/mtn-s-fintech-arm-hits-1b-valuation-ipo-plans-ahead-d20b
Absa and Visa Renew Partnership to Accelerate Digital Payment Innovation Across Africa
The expanded agreement, formalised at a signing ceremony in Johannesburg, will power the development of secure, inclusive, and digitally enabled financial ecosystems across Absa’s Regional Operations (ARO), which covers its footprint outside South Africa.
Anchored in a shared vision to transform how individuals and businesses engage with financial services, the renewed partnership will deepen collaboration across digital infrastructure expansion, small business enablement, and customer-centric innovation in the Cards and Payments domain.
“This regional expansion marks an exciting new chapter in our partnership with Absa — one that continues to challenge conventions and redefine the possibilities within financial services,” said Michael Berner, Head of Southern and East Africa at Visa. “We share a strong commitment to growing digital access across the region. Absa’s leadership in innovation drives real impact, and we’re proud to support their momentum with Visa’s global expertise and technology as they deliver seamless experiences to their customers.”
