mobile money

French Payments App Lydia Raises $45 Million in Round Led by Tencent

French Payments App Lydia Raises $45 Million in Round Led by Tencent

French startup Lydia announced it has raised $45 million in a Series B funding round led by Chinese multinational conglomerate Tencent. Though relatively small with only 90 employees, mobile payment app Lydia is wildly popular in France, with 3 million users in the country and 5,000 people signing up every day. A large portion of…

Mobile Money Accounts Jumped 20% in 2018: GSMA

Mobile Money Accounts Jumped 20% in 2018: GSMA

Money is going mobile in a big way, suggests a new report issued by the GSMA on the occasion of this year’s Mobile World Congress. Among the notable findings in the mobile alliance’s new “State of the Industry Report on Mobile Money” is the news that at the end of 2018, there were over 866…