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Mobile Money – Airtel Spins Off its MoMo Service

Airtel Africa is spinning off its mobile money arm. This follows discussions in a number of telecom firms on how best to unlock their value by spinning off their MoMo services to become standalone financial entities. The UK’s Vodafone Group Plc, which was involved in the creation of M-Pesa with the Kenyan telco Safaricom, last…

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Mobile Money in West Africa – Orange Feels Squeezed

Created by two Americans to lower the cost of mobile money transactions, Wave has been in the spotlight ever since Orange Telecom tried to curb its development in Senegal. Taken by surprise by the ultra-competitive offer that the US start-up (which specialises in low-cost transactions) has been proposing since May 2020, the telecoms leader decided…

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