MTN to spin off Uganda fintech pending regulatory and shareholder approval
MTN Uganda has initiated the separation of its fintech division from its core telecom business, part of MTN Group’s broader strategy across Nigeria, Ghana, and Uganda. This move will enable the newly independent fintech company to pursue aggressive expansion in Uganda’s mobile money sector while giving external investors a clear and targeted investment vehicle.
The restructuring is also due in part to Uganda’s National Payment Systems Act 2020 mandating mobile money operators to operate as standalone entities.
Read more: https://techpoint.africa/news/mtn-to-spin-off-uganda-fintech/
TerraPay and Wave Mobile Money Partner to Enable Remittances to 2.5 Mn Active Digital Wallet Users
BAMAKO, Mali, May 29, 2025 /PRNewswire/ — In a strategic move to enhance cross-border remittance services in West Africa, TerraPay, a global money movement company, has partnered with Wave Mobile Money, one of the country’s leading mobile money providers. This partnership enables Malians to receive money from family and friends abroad directly into their Wave mobile wallets, creating a faster, more accessible, and cost-effective way to access international remittances.
Through this collaboration, TerraPay’s global payment network now facilitates remittance flows from multiple Money Transfer Operators (MTOs) across the US, Canada, and Europe to Mali, all through a single streamlined integration. This unique model ensures that all Wave users in Mali can instantly receive funds, further strengthen financial inclusion and offer a secure alternative to informal remittance channels.
Digital Finance, Real Impact: Key Takeaways from Interswitch’s Sierra Leone Fintech Forum 2.0
Sierra Leone’s financial services landscape is undergoing a powerful transformation, driven by a growing commitment to build inclusive, digitally enabled systems that serve every citizen. This vision took centre stage at the second edition of the Sierra Leone Fintech Forum, recently hosted by Interswitch in collaboration with the Bank of Sierra Leone at New Brookfields Hotel in Freetown.
Bringing together regulators, banks, fintech innovators, mobile money operators, and development partners, the Forum marked a pivotal moment for the country’s digital finance journey and served as a platform for strategic dialogue, ecosystem alignment, collaborative thinking, and collective problem solving, aimed at unlocking the full potential of digital payments and financial inclusion.
Read more: https://sierraloaded.sl/business/interswitch-sierra-leone-fintech-forum-2-0/
Unifying the world’s 180 currencies: Meet the people driving Leatherback’s resurgence
In line with its mission to transform global financial access for Africans and businesses at home and in the diaspora, Leatherback, a leading cross-border payment platform, has announced the appointment of four key executives to its leadership team.
This development ushers in a new era of stability and growth for the company as it strengthens its approach to simplify and scale cross-border payments on the continent and across the world.
4 Fintech Startups Named in Bloomberg’s Top African Startups to Watch in 2025
Bloomberg has released its inaugural Top 25 African Startups to Watch in 2025 list, recognizing some of the continent’s most innovative companies across key sectors, including biotechnology, finance, e-commerce, and eclectic mobility.
Among these 25 trailblazing startups, four operate in the fintech space, representing countries like Angola, Zambia, and South Africa.
The finalists were selected from a pool of 2,000 applications and were curated through an evaluation process that prioritized impact, innovation, and traction. Startups were assessed on the uniqueness of their solution, the strength of customer and investor interest, and their ability to show real-world application of their product or service.
Read more: https://fintechnews.africa/45374/fintechafrica/top-african-fintech-startups-bloomberg/
