MTN’s fintech has made ₦131.62 billion so far this year, thanks to airtime lending
- MTN Nigeria's fintech revenue reached ₦131.62 billion ($91.64 million) in the first nine months of 2025.
- Core fintech revenue, excluding airtime lending, increased by 142.86% to ₦6.8 billion ($4.73 million).
- Only 3.2% of MTN's 89.64 million subscribers actively use MoMo wallets.
While MTN Nigeria's fintech growth shows promise, the heavy reliance on airtime lending and the low penetration of MoMo wallets indicate significant challenges ahead. The competitive landscape dominated by OPay and PalmPay suggests that MTN must innovate and adapt its strategies effectively to capture market share and ensure sustainable growth.
