MTN Nigeria hit by multi-million-dollar unauthorised transfers

MTN Nigeria hit by multi-million-dollar unauthorised transfers

MTN Nigeria, the country’s leading operator and the leading MTN operator by subscriber numbers, has taken 18 Nigerian banks to court over the alleged unauthorised transfer of ₦22.3 billion ($53.7 million) from an account owned by its recently-licensed mobile money Payment Service Bank (PSB) MoMo.

Digital payments network MFS Africa to buy US-based prepaid specialist GTP

Digital payments network MFS Africa to buy US-based prepaid specialist GTP

In what is accurately described as a rare acquisition of a US tech company by an African tech company, MFS Africa, Africa’s largest digital payments network, has reached an agreement to buy Global Technology Partners (GTP), which specializes in creating innovative processing and payment solutions for the prepaid industry.

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