by Jessica McLeod -

MICROCAPITAL BRIEF: Wave Money – Joint Venture of Telenor, Yoma – Raises $74m in Equity from Ant Financial for Mobile Money in Myanmar

Ant Financial Services Group, a member of the China-based Alibaba Group that operates the online payment service Alipay, recently agreed to invest USD 73.5 million in Wave Money, a joint venture of the Telenor Group and the Yoma Group that provides digital financial services in Myanmar. Ant Financial will take a “substantial minority stake” in Wave Money, which seeks

by Eugene DeCosse -

MICROCAPITAL BRIEF: Flutterwave, Alibaba Group’s Alipay to Offer Digital Payments Between Africa, China

Flutterwave, a US-based business-to-business (B2B) payments service that focuses on Africa, recently began collaborating with Alipay, a payments unit of the Chinese technology conglomerate Alibaba Group, to provide digital payments from Africa to China and