All Financial Services vertical articles
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Financial & Performance
Safaricom pushes homegrown smartphones to keep mobile data momentum
Kenyan operator looks to boost 4G smartphone penetration to fuel customer and mobile data service revenue growth, but challenging economic conditions leaves consumers with less money to spend on new devices.
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Financial & Performance
Safaricom takes hit from Ethiopia biz but stays upbeat on long-term potential
More tumult from Safaricom’s Ethiopian venture as local currency depreciation pummels the Group’s earnings in H1 FY24–25, but Chief Executive Peter Ndegwa keeps eye on long-term prize from growing market.
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Strategy & Change
BT Radianz is latest B2B unit to be put up for sale — report
Group reported to be looking for buyers for financial services unit in latest move to slim down, cut back.
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Financial & Performance
BII weighs impact of Safaricom’s shakeup in Ethiopia
A British International Investment report finds that the UK government’s backing of Safaricom Telecommunications Ethiopia is adding energy to the market, but headwinds make for mixed picture for startup operator.
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People
BT Peoplewatch: Wholesale in transition as Business evolves
20+ senior and strategic changes at BT, including: more exits from BT Wholesale; fresh engineering setup at Openreach; architecture leadership moves; and strategic transformation appointments at Group and Business…
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Strategy & Change
Brazil’s Vivo gets Central Bank nod to expand in fintech
Central Bank of Brazil grants licence for operator to expand credit and insurance products and grow its presence in the fintech space.
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Network & Infrastructure
NTT DATA: Embracing open network to monetise telco investment
Vendor-neutral technology service provider upbeat on opportunities for telecom operators to make profitable returns on investment in next-generation infrastructure — if they step up to the challenge of managing the complexity of open networks.
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Weekly Briefings
Telefónicawatch Weekly: Spain puts more rural 5G cash on the table
Telefónica España among operators eligible for extra public funding to expand 5G SA services in rural parts of the country.
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Innovation (R&D)
BT’s Etc. partners fintech leader to drive Group platform play
As Etc.’s BT Tap to Pay technology expands to the Android ecosystem, the innovation accelerator’s John Gutch tells TelcoTitans that his fintech unit is taking a flexible approach to monetising BT Business connectivity strengths.
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Venturing & Investments
Vivo backs customer loyalty partner CRMBonus
Vivo Ventures invested in a digital money-back startup that the operator has been using since January and clearly likes what it sees.
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Weekly Briefings
Vodafonewatch Weekly: ex-OpCos begin turnaround; venturing moves in Europe, Africa
Latest from Vodafone and its ecosystem as the Group completes in Spanish exit and hears news of a turnaround from another former OpCo in Hungary, while prospective new ownership in Italy makes more M&A moves. Startup incubation and acceleration is brought to the fore in Portugal and Kenya; open RAN updates with partnerships in tow; drones take flight in Germany; and plenty more…
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Products & Services
DT seeks to break Germany’s fintech barriers with Greek payment app
German telco is piloting payzy, the digital wallet offering developed by its Greek NatCo OTE, in a rare sign of interest in the financial services world.
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Venturing & Investments
Wayra, BancoEstado launch fintech startup call
Telefónica’s open innovation unit seeking out fintech entrepreneurs and startups alongside Chilean bank. Move reinforces Wayra’s interest in fintech and follows several investments in sector over last three years. Read more…
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Financial & Performance
Vodacom parries ‘big knocks’ as it battles for growth
Vodacom CEO Joosub focuses on the big picture and promises digital services-driven future growth as macroeconomic headwinds take the gloss off the Group’s FY23-24 performance, and low earnings hit the dividend.
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Weekly Briefings
BTwatch Weekly: BT adds to concerns about Vodafone−Three UK merger, EE Finance gets Patterson’s Glow
Latest from BT and its ecosystem of partners and suppliers in a week where the UK’s competition authority revealed the level of concern it has about Vodafone UK’s proposed merger with Three — with BT’s networks found to be one potential flashpoint. EE continues retail revamp; Etc. ignites EV charging trial; and Business advances its Portfolio makeover…
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M&A
T-Systems opts against sale of Austrian banking solutions unit, after review
Deutsche Telekom’s enterprise business steps back from plan to sell Vienna-based financial tech unit Software Daten Service, part of T-Systems for two decades.
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Public Affairs
Enforced M-PESA spinout delayed by Safaricom $575bn tax exposure
Tax complication delaying spinout of transformational and potentially highly valued African mobile-money pioneer; Central Bank Governor keen to make faster progress on resolution, amidst desire to navigate its local dominance. Read more…
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Financial & Performance
Vodacom charges past 200 million customer mark
South African group posts positive Q3 numbers, headlined by customer base milestone.
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Financial & Performance
Safaricom Ethiopia is yet to get M-PESA up to speed in race with Ethio Telecom
Safaricom Telecommunications Ethiopia hails “great momentum” for M-PESA but its flagship m-money offering remains dwarfed and outpaced by rival Ethio Telecom’s Telebirr, following the latter’s headstart.
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Venturing & Investments
Spark: Safaricom freshens venturing model with ecosystem approach
Having achieved mixed results from previous venturing endeavours, Safaricom’s latest startup call aims to provide greater support beyond capital injection.