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Breakingviews - Capital Calls - Mastercard opens African mobile money account

MONEY ON THE MOVE. Africa’s mobile money revolution is attracting a big hitter. Global payments giant Mastercard on Thursday announced it’s investing $100 million into Airtel Africa’s cash-transfer unit, which lets users zap each other money via basic mobile phone handsets. ....

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Mastercard to delay card fee hikes until April next year

Mastercard Inc and Visa Inc on Tuesday postponed plans to raise the fees U.S. merchants pay when customers use cards online until April next year, as businesses continue to struggle during the COVID-19 pandemic. ....

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Flutterwave teams up with PayPal on African payments

2 Min Read
The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration/File Photo
LAGOS (Reuters) - Fintech company Flutterwave has teamed up with U.S. payments giant PayPal to enable PayPal customers pay African merchants through its platform, the Africa-focused payments firm said on Tuesday.
The collaboration will connect small and medium enterprises with the more than 377 million PayPal account holders globally, Flutterwave said, eliminating the barrier to cross-border commerce.
Flutterwave’s integration with PayPal will be operational across 50 African countries and worldwide, it said in a statement.
Online payments got a boost with the COVID-19 pandemic as people rely on mobile apps for shopping and paying bills. ....

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Bitcoin hits record high; trades as high as $59,755 on Saturday

Bitcoin, the world's biggest cryptocurrency, on Saturday reached a record high, trading up to $59,755. ....

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China's Ant publishes financial self-discipline rules amid tougher scrutiny

China's Ant Group on Friday published a set of financial self-discipline rules amid the country's tightened scrutiny on financial technology regulations. ....

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