Strategic Partnership · Payments · 2026

UBA, Redtech, MoMo PSB launch payment interoperability partnership

Redtech announced payment interoperability partnership with United Bank for Africa (UBA), MoMo PSB on May 5, 2026.

Primary
Redtech
Counterparty
United Bank for Africa (UBA), MoMo PSB
Structure
payment interoperability partnership
Date
May 5, 2026
Sub-sector
Payments

Partnership connects banking-led merchant acceptance with telco-led mobile money wallets, expanding cardless payment access across 55,000+ merchant touchpoints in Nigeria.

Primary company
Redtech
Amount
Not disclosed
Event date
May 5, 2026
Sub-sector
Payments
HQ
Not disclosed
Structure
payment interoperability partnership
Source published
May 6, 2026
Publisher
African Examiner

Source: africanexaminer.com