In 2011, Visa, a global payments provider, announced that it was acquiring Fundamo, a South Africa-based platform provider of mobile financial services for mobile network operators and financial institutions in developing economies. The deal, which was sealed at $110 million, had a primary strate
```
Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp