TerraPay to Launch Cross-Border Money Transfers in South Africa

TerraPay, the world’s first mobile payments switch, announced today that it has successfully obtained regulatory approval from South African Reserve Bank to launch Cross-border money transfer services in South Africa. Read More →

UBA Introduces First Mastercard Debit Card in Mozambique

United Bank for Africa Mozambique (UBA) announced the launch of the first Mastercard debit card in Mozambique to financially empower its citizens. Focused on displacing cash, the electronic payment solution Read More →

Letshego Becomes Licensed MasterCard Issuer in Mozambique

Letshego Holdings Limited (“Letshego”), announced it has received its official principle issuer license from MasterCard in Mozambique. The partnership will see further payment innovations being introduced into the market to Read More →

Millennium Bim Selects Ingenico Group to Upgrade its POS Fleet in Mozambique

Ingenico Group, the global leader in seamless payment, announced that Millennium Bim, the largest bank in Mozambique, has partnered with Ingenico Group to replace its current fleet of point-of-sales Read More →

FNB launches Zimbabwe and Mozambique Money Transfers on its Banking App

The latest version of the FNB Banking App for smartphones now offers customers the ability to send money across the border from South Africa to Zimbabwe and Mozambique. Since its Read More →

FNB Introduces Money Transfer to Mozambique

A year after launching its successful Zimbabwe Money Transfer service, FNB has added an additional affordable cross border service, this time to Mozambique. This service is available to qualifying FNB Read More →

Ecobank Acquires Banco ProCredit and Commences Trading in Mozambique

Ecobank Transnational Incorporated and ProCredit Holding (‘PCH’) have announced that they have concluded negotiations for the acquisition of the 96% stake in Banco ProCredit Mozambique previously held by ProCredit Holding Read More →

Ecobank to Acquire Banco ProCredit Mozambique

Ecobank Transnational Incorporated and ProCredit Holding Germany (PCH) have announced that they are in discussions with the view to Ecobank acquiring a majority stake in PCH’s Mozambican subsidiary - Banco Read More →

Absa Signs Mozambique Cooperation Agreement with Sumitomo Mitsui Banking Corporation

Absa Bank, a wholly-owned subsidiary of JSE-listed Barclays Africa Group, welcomes the announcement by the president of Sumitomo Mitsui Banking Corporation (SMBC), Mr.Takeshi Kunibe, that will result in further business Read More →

Nedbank Expands into Mozambican Banking Industry with Banco Unico

Nedbank is entering the Mozambican banking market by acquiring an initial 36.4% shareholding in Banco Unico for $24.4m, subject to various conditions and regulatory approvals both in Mozambique and South Read More →
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