PawaPay, Deriv Partner to Expand Mobile Money Deposits Across Africa

Mobile Money serves as a gateway to everyday payments and financial services in many African countries, particularly in areas with limited banking coverage. Payments provider PawaPay and online trading platform Deriv are integrating Mobile Money deposits into trading services to improve the efficiency of cross-border funding and broaden African users’ access to digital financial services.

PawaPay and Deriv recently announced a partnership to expand Mobile Money deposit services in African markets, allowing Deriv users to fund their accounts through local mobile payment networks. The companies have not disclosed the signing date, number of countries covered, transaction value, fees or launch schedule. The partnership’s performance will depend on payment-network integration and regulatory progress in each market.