MTN Group reports cybersecurity incident affecting customer data

28 April 2025

MTN Group has announced a cybersecurity incident that resulted in unauthorized access to the personal information of some customers across certain markets. However, the telecommunications giant confirmed that its core network operations, billing systems, and financial services infrastructure remain secure and fully functional.

An unidentified third party has claimed responsibility for the breach, specifically indicating access to certain parts of MTN’s systems. At this point, there is no evidence suggesting that customer accounts or mobile money (MoMo) wallets have been directly compromised.

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MTN Group teams up with Synamedia to launch new streaming platform

10 April 2025

MTN Group has announced a strategic partnership with British video software provider Synamedia to develop a revolutionary streaming platform. This initiative is a key component of MTN's accelerated diversification strategy aimed at establishing the company as a leading technology powerhouse on the African continent.

The new platform is designed to provide a diverse array of content, including both linear television and on-demand viewing options. MTN emphasizes that it will feature various monetization models, including subscriptions, ad-supported content, and free streaming channels enhanced by targeted advertising. With a focus on local relevance, MTN plans to implement tailored content strategies for each market, ensuring that offerings resonate with the cultural and linguistic preferences of different audiences.

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Safaricom Ethiopia and partners to launch digital payment system for healthcare

24 March 2025

Safaricom Ethiopia is embarking on an initiative aimed at shaping the digital landscape in the East African nation by collaborating with a financial services provider and the Federal Ministry of Health. Together, they are set to introduce a safe, efficient, and scalable digital payment system designed specifically for the healthcare sector.

The primary objectives are to enhance financial inclusion, simplify healthcare payment processes, and improve overall service delivery across Ethiopia. The agreement will integrate M-PESA’s advanced digital payment technology within healthcare facilities, facilitating cashless transactions, automating insurance payments, and ensuring timely salary disbursements for health extension workers.

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Mastercard and Paymentology strengthen partnership to boost card issuance for Fintechs

20 March 2025

In a strategic move to enhance the financial ecosystem in South Africa, Mastercard and Paymentology are intensifying their collaboration to streamline card issuance for fintech companies.

This partnership is designed to equip fintechs with the infrastructure and market readiness required to effectively issue payment cards, addressing the pressing challenges faced by many in the sector.

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