Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

FinTech

Huawei, WorldRemit Team on Mobile Money in Africa

Article Image
Huawei has teamed up with digital money services specialist WorldRemit to boost the functionality of the giant Chinese vendor's mobile money service platform in Africa.

According to Huawei Technologies Co. Ltd. , it is making WorldRemit Ltd.'s international money transfer service available to all of the service providers using its mobile money service platform, a move that will provide additional overseas remittance options to millions of mobile users across Africa.

The new partners believe their relationship will make it quicker and easier for mobile operators to integrate the international remittance capabilities, so lowering what is often a significant technical barrier for the operators.

"International remittance is a very important mobile money service in Africa, and our partnership with WorldRemit will bring international remittances directly to Huawei's customers across the continent," said David Chen, VP of Huawei Southern Africa, in an official announcement about the partnership.

Huawei says its mobile money service platform is used by multiple operators across Africa, including Kenya's Safaricom (for its M-Pesa service), Vodacom in Mozambique, Vodafone in Ghana and Netone in Zimbabwe, and that about 60 million mobile users in Africa are connected to its platform.

WorldRemit claims to be the "leading global provider of remittances, processing 74% of all international transfers to mobile money accounts coming from money transfer operators." The digital money transfer specialist offers its services in more than 50 countries and has raised more than US$192 million in venture capital and debt financing, with high-profile names such as Accel Partners and TCV (Technology Crossover Ventures) among its investors.

— Ray Le Maistre, Follow me on TwitterVisit my LinkedIn profile, International Group Editor, Light Reading for Connecting Africa.

Innovation hub

Story

Super-app Gozem raises $5M for expansion plans

Gozem, the Francophone African super-app, has raised $5 million in a Series A round to help fund its expansion plans.

Story

African startups raise almost $4B in 2021

Africa's startup ecosystem raised almost $4 billion in 2021 according to startups deals database Africa: The Big Deal – with Nigeria, South Africa, Egypt and Kenya taking the lion's share.

More Innovation hub

Latest video

More videos

Guest Perspectives

Story

Omdia View: October 2021

By Omdia Analysts

Across the Middle East and Africa, regulators are beginning to facilitate spectrum allocation to operators in the region for the deployment of new and innovative technology.

Story

Research Bites: Why Africans stop using mobile apps

By Chinedu Wilfred Okonkwo, Magda Huisman and Estelle Taylor

This article – in collaboration with the African Journal of Science, Technology, Innovation and Development – explores the reasons behind why Africans stop using certain mobile apps.

More Guest Perspectives

Partner perspectives

All Partner Perspectives

AfricaCom perspectives

Story

Digital inclusion as a catalyst for economic empowerment: Mastercard's Imelda Ngunzu

Mastercard's Imelda Ngunzu talks to Connecting Africa about how digital payment solutions and mobile money are transforming the lives of small business owners, women and marginalized groups in East Africa.

Story

Accelerating women in STEM: In conversation with GirlCode's Tinyiko Simbine

GirlCode co-founder and CFO Tinyiko Simbine talks about why it's important to help girls and young women excel in science, technology, engineering and mathematics (STEM) fields.

Story

How Poa Internet is unlocking meaningful connectivity in East Africa

Poa Internet's CEO Andy Halsall shares his views on what it takes to develop last-mile connectivity and get Africans online in a meaningful way.

More AfricaCom perspectives

Flash poll

All polls

Archived webinars

Meeting SME’s where they are - Building inclusive ecosystems for Africa’s small business owners

Micro and small businesses have been, and still are, the spine and lifeblood of the African economy, making up 90% of businesses on the continent.

Many of these businesses have still been operating in traditional ways and serving non-digital customers. With Covid-19 expediting the digital transformation process, businesses - big and small - have been forced to adapt to operate successfully in a more digital-first environment.

To ensure that the digitalization of Africa’s market doesn’t leave micro and small businesses behind, digital solutions must be inclusive and create business-ready environments. But how can we ensure that African SMEs become digitally enabled?

In this webinar we will share from our own experience on how to create such an environment, and the actions we took in vcita to get there, including:

  • Closing the digital literacy gap through tech inclusion 
  • Making a positive impact on local communities
  • Building the foundations for digital inclusion and small business growth in a technology-accelerated world
  • Building the foundations for digital inclusion and small business growth in a technology-accelerated world

Register Here >>

More Webinars

Sponsored video

More videos

Like us on Facebook

Newsletter Sign Up


Sign Up