A mobile money service offered by Airtel, a competitor in Uganda's fintech market.
Airtel Africa profit jumps 5x to $156 million as forex woes ease
Airtel Africa's profit surged to $156 million in Q1 2025, a fivefold increase compared to the previous year. Revenue climbed 22.4% to $1.41 billion, marking a significant recovery for the telecommunications firm.
MTN to spin off Uganda fintech pending regulatory and shareholder approval
MTN Uganda's fintech division is becoming a standalone entity to pursue growth and investment opportunities. The spin-off aligns with MTN Group's strategy to separate fintech units across Nigeria, Ghana, and Uganda by mid-2025.
Digital payments to power Africa’s $1 trillion cross-border market by 2035, Oui Capital says
Africa's cross-border payments market is projected to reach $1 trillion by 2035, up from $329 billion in 2025. Remittance inflows in Africa hit nearly $100 billion in 2023, accounting for 5.2% of the continent's GDP.
BREAKING: Airtel Money plans 2026 IPO amid fintech growth push
Airtel Africa announced plans for an IPO of Airtel Money in the first half of 2026. The previous plan to list in 2025 was delayed due to evolving market conditions.
Why Kenyans are using mobile money more but sending less
Mobile money transaction value in Kenya fell by 19.6% from KES 790.8 billion to KES 636.2 billion over the past year. Active mobile money agents increased from 320,182 to 394,853 during the same period.
