Money

Global daily mobile money transactions reached a value of $3. 5 billion in 2022, industry association GSMA revealed, with $1. 3 trillion processed by suppliers across the whole year.

Mobile money company bKash and Huawei inked an expanded agreement to boost digital financial inclusion in its home market of Bangladesh.

The Tokyo Stock Exchange approved a listing of Rakuten Bank, with the IPO scheduled for 21 April estimated to generate up to JPY116. 6 billion ($880. 5 million) for parent Rakuten Group.

Dish Network’s pre-paid wireless brand Boost Mobile expanded into the financial sector with the launch of a banking service offering mobile access to money transfers, debit cards and digital cheques.

South Korean operators joined forces with two local credit agencies, outlining plans to establish a joint venture to improve access to financial transaction data.

Apple was hit with a lawsuit over allegations it uses its market dominance in devices to establish a leadership position in mobile payments, the latest antitrust battle facing the iPhone maker.

Airtel Africa added banking services to its portfolio of Smartcash Payment Service Bank services in Nigeria, building on a domestic remittance-based set-up launched in May as it seeks to enhance financial inclusion in the country.