A fintech solution by MTN that facilitates mobile money transactions and financial services.
MTN Nigeria admits 20 startups to Cloud Accelerator Program
MTN Nigeria announced the first cohort of the Cloud Accelerator Program, consisting of 20 startups. Each selected startup will receive a ₦5 million ($3,300) equity-free grant and MTN Cloud credits.
MTN Plans to Acquire Banking License Pending SARB’s Approval for Fintech Access
MTN plans to acquire a banking license pending SARB's approval for fintech access to the payments system. MoMo currently provides limited transactional banking services and caters to low-income consumers.
MTN Nigeria grows data, fintech services amid forex losses and economic hurdles
MTN Nigeria's service revenue grew 33.6% in Q3 2024. Data revenue increased by 52.3%, driven by demand for digital services.
Lending product drives MTN Nigeria's fintech revenue growth in H1 2024
MTN Nigeria reported a 2.9% increase in total subscribers, reaching 79.4 million. The telco's fintech business saw 11% revenue growth primarily due to its airtime lending product Xtratime and the adoption of its mobile money services, MoMo.
MoMo bets on open API to grow usage of digital wallets in Nigeria
MoMo releases an open API to increase digital wallets on the platform. MoMo believes that the industry's future is in wallets despite low adoption rates.
