Mobile money is evolving from a niche payment utility into a globally traded asset class, and Airtel Money's planned London IPO is the proof point that could reshape how investors value Africa's fintech infrastructure.

Evidence For

• Airtel Money confirms London as its preferred listing venue, seeking to unlock what it calls "one of Africa's leading fintech platforms." The IPO is expected to value the business at more than $10 billion, potentially making it one of...