MTN Nigeria moves MoMo to new platform as fintech revenue falls 26%
- MTN Nigeria's fintech revenue fell 25.91% to ₦97.5 billion ($72.42 million) in the nine months ended September 2026.
- The company temporarily suspended its airtime and data credit advance service, Xtratime, on April 16, 2026.
- Fintech revenue showed a recovery with a 78.5% increase compared to Q2 2026.
MTN Nigeria's struggle to recover its fintech revenue post-suspension indicates a critical need for strategic innovation and customer engagement. The migration to the Alipay+ platform is a positive step, but the company must ensure that it effectively capitalizes on this upgrade to attract and retain users in a competitive market.
