MTN to spin off fintech units in Nigeria, Ghana, Uganda for Mastercard stake
MTN Group has announced plans to spin off its financial technology (fintech) operations in Nigeria, Ghana, and Uganda during the first half of 2025.
This move is part of a broader reorganization that will enable Mastercard Inc. to acquire a minority stake in these high-growth units.
MTN CEO Ralph Mupita disclosed this on Monday during an interview with Bloomberg.
FRANCOPHONE AFRICA | Fully-Licensed Digital-First Cameroonian Banking Platform, Azamra, Sets Sights on Expanding Lending Services via Stablecoins
Azamra leverages blockchain technology to enhance transaction security and lower costs. It also utilizes stablecoins, backed by traditional currencies, to streamline cross-border payments. The company believes this approach can boost transparency and efficiency within Cameroon’s financial ecosystem.
Azamra already operates as a licensed digital-first banking platform in Central Africa providing digital banking products such as lending, deposits, digital wallets and diaspora invest. Transactions are completed via apps and website with a small number of branches and kiosks available primarily for cash transactions and the establishment of new accounts.
Read more: https://bitcoinke.io/2025/03/azamra-looking-to-offer-stablecoin-lending-services/
FRA Approved Digital Onboarding: mylo to Remove Traditional Onboarding Challenges Across Egypt
To make financial access entirely digital and more streamlined, fintech mylo, a subsidy of the Egyptian omnichannel retailer and consumer finance platform B.TECH, has had its digital onboarding approved by the Financial Regulatory Authority (FRA).
Previously, onboarding required wet signatures or in-person KYC verification. However, with the new approval, traditional barriers are now eliminated, as mylo empowers users to onboard, activate their accounts and gain instant access to credit within minutes.
This achievement comes at an important time for mylo as it lines up with the fintech’s expansion strategy across Egypt. The service has already launched in most of Upper Egypt including Assiut, Sohag, Qena, Luxor, and Aswan, with Delta cities like Tanta, Mansoura, Banha, Damanhur, and Zagazig already operational. Alexandria and Cairo are scheduled for mid-year, completing mylo’s nationwide coverage.
GITEX Africa Morocco 2025: Africa’s Tech Powerhouse Returns Bigger Than Ever
Under the High Patronage of His Majesty King Mohammed VI, May God Assist Him, the Ministry of Digital Transition and Administration Reform, in partnership with the Digital Development Agency (ADD) and KAOUN International, has officially announced the much-anticipated third edition of GITEX Africa Morocco, set to take place from April 14 to 16, 2025, in the vibrant city of Marrakech.
As Africa’s largest and most influential technology and startup event, GITEX Africa Morocco stands as a beacon of innovation, fostering investment, technological breakthroughs, and economic transformation across the continent.
Most Brits are turning away from credit cards – Is BNPL the future?
Traditional credit cards may be losing their grip on UK consumers as nearly three in four Britons now prefer Buy Now, Pay Later (BNPL) services. According to a recent study by Secure Data Recovery, BNPL has become the go-to payment option for many, with 75% of users viewing it as a superior alternative to credit cards. This growing trend highlights a fundamental shift in consumer finance, driven by ease of use, flexible repayment options, and interest-free instalments.
BNPL services have seen a rapid surge in adoption across the UK, with major providers like Klarna, Clearpay, and PayPal ‘Pay in 3’ leading the market. The research found that 41% of Brits have used BNPL services at least once, with a significant portion of users relying on these platforms for everyday purchases. The convenience and accessibility of BNPL have made it an attractive option, particularly among younger demographics who are increasingly wary of traditional credit models.
Mojopay launches an innovation hub to empower fintech startups across Africa
Mojo Payments Limited, a licensed Enhanced Payment Service Provider by the Bank of Ghana (BoG), has officially launched its Innovation Hub aimed at supporting and empowering fintech startups by providing the tools and resources needed to accelerate their growth and success.
For commencement, this novelty will seek to empower fintech startups within the MEST Africa Portfolio and will offer a wide range of support services to emerging fintech companies, including legal and compliance guidance, discounted payment processing, business development, and investment readiness. Mojo Payments is looking to collaborate with partners in the fintech ecosystem to extend these benefits to a broader group of entrepreneurs and startups, helping them scale their products and businesses.
The official launch of the innovation hub was held last Friday, 15th March, 2025 at the head office of Mojo payments Ltd. located at Ridge Accra.
Ripple Moves to Secure Trademark for Crypto Wallet, Custody, SaaS Services
Ripple Labs has filed a trademark application for “Ripple Custody,” indicating a move into cryptocurrency custody services, Cointelegraph has learned.
The application covers downloadable software for the custody, transmission, and storage of cryptocurrencies, fiat, virtual, and digital assets, alongside financial custodial services focused on managing asset storage for financial management purposes.
It also includes peer-to-peer financial data transmission and Software as a Service (SaaS) solutions for digital asset custody.
Read more: https://fintechnews.sg/108939/crypto/ripple-custody-trademark/
