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Tigo partners with Selcom, Mastercard, to launch online digital payment solution in Tanzania

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Tanzania’s virtual payment platform, Tigo Tanzania, has entered into a strategic partnership with Selcom and Mastercard to launch an online digital payment solution system in the country.

The three industry leaders, according to the terms of the partnership, will see them revolutionize the digital payment ecosystem in the eastern African country by enabling convenient online payments globally through the Tigo Mastercard virtual service via the Selcom’s card-as-a-service (CaaS) platform.

The virtual card allows for Tigo consumers to easily make payments at any online purchase point where Mastercard is accepted without the need for a bank account or credit card.

Tigo’s Chief Officer for Mobile Financial Services (MFS) Angelica Pesha, who made the announcement on Friday, said the launch of the virtual card will ensure Tigo’s ability to provide its customers access to products and services previously a preserve of physical credit card holders while diversifying its mobile money portfolio.

”As the leading digital lifestyle company in Tanzania, we are always on the look out for such partnerships as our customers will now be able to complete online transactions that requires Mastercard credentials, while using funds from their Tigo Pesa wallets,” she said.

“It also means that this service will allow customers to quickly and conveniently pay for goods and services in the international market.”

“Additionally, the partnership will result in a wide range of cutting-edge digital payment solutions being introduced in Tanzania and connect Tigo customers in Tanzania to a global online market place across multiple digital payment use cases and provide access to Mastercard’s global network of merchants,” Pesha said.

Selcom’s Executive Director, Sameer Hirji, who also expressed his enthusiasm for what he calls a groundbreaking collaboration, said:

“At Selcom, we take pride in our unwavering commitment to innovation and excellence in the payment industry. We are thrilled to join forces with esteemed partners like Tigo Pesa and Mastercard to unveil our state-of-the-art mobile money wallet-linked virtual card.”

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Egyptian startup Potcast Productions raises funding to upscale offerings

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Potcast Production, an Egypt-based innovative company that specializes in podcast production, has announced securing an an undisclosed pre-seed funding round to help enhance its content production capabilities, scale its marketing efforts, and accelerate the development of new podcast series.

Potcast Productions which was established by entrepreneur Islam Adel in 2020, creates 15 diverse podcast programmes tailored to various target demographics, and has racked up seven million listens and over 600,000 viewing hours within the last six months.

According Adel, the pre-seed funding round comes from Innovative Media Productions (IMP), the media company behind Egypt’s Shart Tank television show, which made its first investment in Potcast Productions back in April, as well as renowned investor Ahmed Tarek Khalil.

“The funds will be used to enhance Potcast’s content production capabilities, scale up its marketing efforts, and accelerate the development of new, high-quality podcast series that cater to a diverse and growing audience,” Adel said.

“This round of investment will also support plans to produce high quality audio experiences both digitally and offline, further solidifying Potcast’s position as a leader in audio-first content production.

“The injection of funds will be directed towards enhancing Potcast’s capacity to produce high-quality content, scaling its marketing initiatives, and creating new podcast series to meet the demands of an increasingly diverse listener base.

“The investment will also support Potcast’s ambition to deliver premium audio experiences, both online and offline, thereby reinforcing its status as a pioneer in the realm of audio-first content production.

“Securing this follow-up investment from IMP and Ahmed Tarek Khalil is a testament to the hard work and dedication of our team.

“Their support validates our mission to transform podcasting in the region and propels us forward as we continue to innovate and expand our reach,” Adel said.

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Kenyan marketing startup Wowzi partners Mastercard in $2m deal for content creators

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Kenyan influencer marketing platform, Wowzi, has announced a partnership with Mastercard and Masria Digital Payments which will see it disburse $2.04 million to transform the financial management landscape for content creators through innovative digital card solutions.

Co-founder and CEO of Wowzi, Brian Mogeni, who made the announcement, said the agreement with Mastercard and MDP is a five-year deal that will see Wowzi provide Kenyan content creators with access to a wide range of digital card benefits.

“Our journey has always been driven by the belief that content creators are the heartbeat of the digital age. This strategic partnership with Mastercard and MDP represents a pivotal moment in our mission to empower these creators,” Mogeni said.

“Leveraging MDP’s expertise in digital payments, these cards are designed to offer content creators a seamless and secure user experience, simplifying both online and offline transactions.

“Innovation is at the core of our values, and we recognise that the influencer and creator market is underserved when it comes to payment solutions.

“We are dedicated to being at the forefront of technology solutions that cater to the unique needs of content creators. This collaboration allows us to not only address those needs but to set new standards in financial empowerment, security, and convenience for our valued community,” he added.

Wowzi which was launched in 2020 by Mogeni, Mike Otieno and Dr Hassan Bashir, has built a self-serve online platform that allows brands of any size or industry to create and manage massive, distributed messaging campaigns utilising thousands of real, everyday customers and fans who get paid to offer authentic endorsements online for the products they already love.

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