MTN remittance flows hit $3.4 billion, signalling new phase in Africa’s fintech race
- MTN Group processed $3.4 billion in remittances in the first nine months of 2025, a 13% increase from the previous year.
- The surge in remittances is attributed to direct partnerships with top money transfer operators and joint marketing campaigns.
- MTN's strategy aims to leverage its 300 million subscribers against fintech competitors like Moniepoint and Afriex.
MTN's aggressive push into the fintech space reflects a strategic shift that could redefine the mobile payment landscape in Africa. However, the challenges posed by alternative channels and competition from agile fintechs highlight the need for continuous innovation and adaptation to maintain market leadership.
