Thai operator AIS abandoned a joint venture with Siam Commercial Bank (SCB) to deliver digital banking services.
It appears African operators no longer have the fintech market all to themselves. In fact NCBA Group, a Kenya-headquartered financial services conglomerate, recently announced that is planning to work with partners to bring its mobile phone banking service M-Shwari to Ghana, Ethiopia and the Democratic Republic of Congo (DRC).
Another mobile payment initiative has been announced – this time in Indonesia. Telecommunications services giant Indosat Ooredoo Hutchison (IOH) has announced a partnership with banking payment platform Tara | Indepay.
Vodacom Congo subsidiary Vodacash is launching its new service M-Pesa Rallonge in the DRC, granting mobile banking customers access to financial assistance from their cell phones.
Pan-African payments technology company Cellulant is in the news again, this time thanks to a partnership with B2C e-commerce platform Copia focused on the Kenyan market.