MTN in mobile money offensive with Flutterwave partnership
This partnership will allow businesses integrating Flutterwave in Cameroon, Côte d’Ivoire, Rwanda, Uganda and Zambia to receive payments via MTN Mobile Money.
While SA has largely embraced technology innovations, the country has yet to conquer the mobile money conundrum, as it’s caught in the grip of excessive legislation.
The group initiates an exit of Syria, abandoning its operations, as regulatory actions and demands make operating in the market untenable, says CEO Ralph Mupita.
MTN targets 100m fintech users in new Africa strategy
The telco aims to reach the fintech subscriber goal in the next five years and grow the unit’s service revenue contribution to the group from 8% to 20%.
The telco says it’s only natural that it includes its home market in its fintech plans and has already started recruiting thousands of agents to roll out Mobile Money.