• MTN announces new exec for fintech unit

    MTN Group has appointed M. Mudassar Aqil as Executive: BankTech in its Fintech business, MoMo, effective from 1 August 2023. BankTech is one of the five verticals in MTN Fintech, serving over 69 million monthly…
  • Unlimit enters second African nation

    After recently acquiring a Payment Solution Service Provider (PSSP) license from the Central Bank of Nigeria, UK fintech Unlimit has now received a similar license from the Central Bank of Kenya. Trevor Goott, Director for…
  • Stocks down in Australia amid fresh rate hikes

    Markets in the Asia-Pacific region exhibited a mixed trading performance on Tuesday, diverging from the movements on Wall Street. The S&P 500 had initially reached its highest intraday level in nine months but later erased…
  • China directs some banks to slash deposit rates

    According to insiders, Chinese authorities have recently instructed the country's largest banks to reduce their deposit rates for the second time in less than a year in an attempt to stimulate economic growth. Reports indicate that…
  • Australia’s apex lender ups rates

    The Reserve Bank of Australia announced on Tuesday that it has raised its benchmark interest rate for the 12th consecutive time to 4.1%. This decision comes in response to a higher-than-anticipated annual inflation rate of…