MTN teams up with Mastercard on mobile wallets
Africa’s leading mobile operator MTN has partnered with payment platform Mastercard to add online payment functions to its mobile wallet for user across its fintech footprint.
Telecoms.com
Fintech
MTS delivers solid Q1 but provides cautious outlook
Russian operator MTS saw revenues grow 9% in Q1 but believes the whole-year performance is likely to be flat.
Visa drops $5.3 billion on Plaid in bid to future proof itself
Financial services giant Visa is acquiring fintech app enabler Plaid in an apparent bid to ensure it doesn’t get left behind in the app economy.
Thiel’s new investment demonstrates the importance of security
Valar Ventures, the venture capitalist firm run by Peter Thiel, has pumped an additional $30 million into Petal, a credit card company which vets individuals’ digital-self during applications.
Mobile forecast to dominate electronic payments
Mobile phones will take an increasingly leading role in the payments space over the next five years as a result of technologies that allow safe storage of payment details in smartphones and other security improvements, reports Banking Technology.
Telecom Italia to sell stake in Argentina unit
Telecom Italia has announced it is to sell 17% stake of its subsidiary, Telecom Argentina to New York-based investor firm Fintech. The Italian incumbent said it plans to sell Telecom Argentina’s holding company Sofora’s entire shareholding to Fintech once it has received regulatory approval from the Argentinian regulator SECOM.
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