MTN targets Nigeria’s lending market as it seeks fintech licences
- MTN is seeking regulatory approvals to expand its fintech arm into lending across Africa, focusing on Nigeria.
- The company aims to capture a larger share of Africa's underserved credit market, where 80% of Nigerian MSMEs lack formal credit access.
- MTN Fintech generated approximately $2.8 billion in revenue in 2025, processing over $500 billion in transaction value.
MTN's strategic move into direct lending could significantly reshape the fintech landscape in Africa, addressing critical gaps in credit access. However, the success of this initiative will depend on navigating regulatory challenges and effectively managing the transition from a facilitator to a direct lender. This could not only enhance MTN's revenue but also improve financial inclusion across the continent.
