The MasterCard Foundation Fund for Rural Prosperity awarded (1) APA Insurance, (2) FinserveAfrica/Equitel, (3) M-KOPA, (4) Musoni Kenya and (5) Olam Uganda more than USD10.6 million
Millicom International Cellular, a Luxembourg-based telecommunications company also known as Tigo, recently introduced a cross-border mobile money transfer service between Rwanda and Tanzania that includes currency conversion.
About 2 billion adults globally lack access to formal financial services. In Kenya and Tanzania, more adults have mobile money accounts than bank accounts.
Panel Discussion – Mobile wallet usage is at an all time high so now what?
Panel discussion: Investing in mid sized African financial services companies – Lessons learned ($10–$25m equity investments).