Harare-based payments startup Payitup has secured a $13-million Series-A investment from London’s Thawer Fund Management, CEO Aretha Gonyora has revealed. The funding was secured at a $20-million valuation. Payitup currently helps consumers make payments for MultiChoice’s DStv service. The startup plans to use the investment to further develop its system. The funding will also help it to form…
MTN Uganda has today announced that it has completed (the final) Phase 3 which has seen UTL being switched on, making MTN the first telco in Uganda to fully comply with the Bank of Uganda initiative. This year 2017, Bank of Uganda directed all Mobile Money operations in Uganda to be interoperable between the telecommunications…
Econet Wireless Zimbabwe’s fintech business Cassava Smartech Zimbabwe Limited (CSZL) will be listed on the Zimbabwe Stock Exchange (ZSE) tomorrow. This comes after regulatory approvals to spin off the telecoms giant’s smart technology and financial technology businesses under a new holding company CSZL. The company controls 100 percent of Steward Bank, 100 percent EcoCash Limited,…
