South African mobile phone operator MTN launched a money transfer system for unbanked customers in Africa and the Middle East aiming to boost subscriber loyalty and entice new users. The company has already launched the service in South Africa and Uganda and piloted the service in Cameroon, Ghana, Cote D’Ivoire and Nigeria. MTN’s Mobile Money follows the success of M-PESA, a mobile money transfer service in Kenya offered by Safaricom, and of Zap by Kuwaiti mobile firm ZAIN offered in Kenya and Tanzania.

India’s largest mobile phone company, Bharti, has resumed merger talks with MTN, a year after a previous plan to join up was abandoned.