Money News - In Brief

Mergers, Acquisitions and Financial Results

- 88mph-funded startup Tusqee Systems has launched an online application branded Sematime that enables users to send bulk SMS, bills and invoices. The application supports SMS branding, 480-character text message and allows users to send unlimited SMS.

- South Africa’s First National Bank (FNB) has introduced a new mobile money service brand named pay2Cell service to its customers in Lesotho and Swaziland.