ML
Payment trends and fintech news from ML
BnB Liberia and Orange Money Launch Cross-Border Remittance Service Across Eight African Nations
BnB Liberia and Orange Money have introduced a cross-border mobile money remittance service linking eight African countries, aiming to streamline intra-regional transfers. The launch aligns with broader continental efforts to reduce the cost and complexity of cross-border payments through both commercial partnerships and central bank-led interoperability pilots.
Esca Finance Partners with MANSA for Same-Day African Payment Settlements
Esca Finance has partnered with MANSA to enable same-day payment settlements across key African corridors, utilizing stablecoin-backed infrastructure. This collaboration aims to enhance liquidity and accelerate cross-border transactions for businesses, reducing the need to pre-fund accounts in multiple markets.
Egypt's Beltone Acquires Baobab Group for $235 Million in Pan-African Expansion
Egypt's Beltone Holding has completed its €197.6 million acquisition of Baobab Group, gaining access to the digital financial services group's operations across eight African countries. The deal represents a significant cross-border investment in Africa's fintech sector and expands Beltone's footprint into Nigeria and Francophone West Africa.