{{Tigo announced Monday that its parent company Millicom has acquired the controlling stake owned by the Frankfurt-based African Development Corporation AG in RSwitch. }} <\/p>\n
RSwitch is Rwanda\u2019s main provider of bank-to-bank payment switching services.
\nThis acquisition is a world first, where a telecommunication and media company comes together with a national payment switch.<\/p>\n
RSwitch holds one of the two switching licenses in Rwanda, which is a fast-growing market with increasing interoperability between mobile operators and traditional banking services. <\/p>\n
RSwitch has evolved to become an electronic payment service provider operating internationally with global standards. <\/p>\n
Millicom, the international telecommunications and media Company listed in Sweden, provides Mobile Financial Services (MFS) to over seven million customers In Africa and Latin America. <\/p>\n
In February this year, Tigo launched the world\u2019s first cross-border mobile money payment system with integrated currency conversion. <\/p>\n
The company\u2019s commitment to innovation was underlined in March with the announcement of a new tech incubator, called \u201cthink\u201d, to be opened by Millicom with Tigo in Kigali. <\/p>\n
Tongai Maramba, the General Manager of Tigo, commented: \u201cThis acquisition will enable Tigo and Millicom to become an even more dynamic provider of financial services for the Rwandan market. <\/p>\n
As we move into an era where more and more money will be exchanged electronically and via mobile devices, we will be a catalyst for the coming innovation in the financial services sector.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"
{{Tigo announced Monday that its parent company Millicom has acquired the controlling stake owned by the Frankfurt-based African Development Corporation AG in RSwitch. }} RSwitch is Rwanda\u2019s main provider of bank-to-bank payment switching services. This acquisition is a world first, where a telecommunication and media company comes together with a national payment switch. RSwitch holds […]<\/p>\n","protected":false},"author":2,"featured_media":2000052661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[334],"hashtag":[],"class_list":["post-14939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-homenews","byline-igihe-reporter"],"bylines":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":{"id":2000052661,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton14939.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton14939.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton14939.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton14939.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton14939.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton14939.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/14939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=14939"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/14939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000052661"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=14939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=14939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=14939"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=14939"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=14939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}