Money News - In Brief

Mergers, Acquisitions and Financial Results

- Kenya's Safaricom has cut withdrawal commissions and increased deposit commissions it offers its M-Pesa agents in an effort to increase the volume of large deposits on its money transfer platform.

- Nigeria’s Paga Mobile Money gets $2 million grant for e-banking. The financial services platform Pagatech has said it had received a grant of $2 million from the Enhancing Financial Innovation and Access (EFIA), to develop and deliver low cost financial products through its network, nationwide.