Articles about mobile-money

Telco-powered credit score aims to add millions to formal economy

Bringing another 16 million South Africans into the formal economy could add R173 billion to SA’s gross domestic product, says TransUnion.

MTN adds home loans to MoMo app

With the new platform, home buyers can be approved for a home loan in less than two minutes, says the telco.

MTN starts ‘collapsing’ its 3G network in SA

The switching off of the 3G network by 2027 will ensure all South Africans have access to faster, more efficient 4G and 5G technology, says MTN SA CEO Charles Molapisi.

MTN Group sees revenue, subscriber growth in Q1

The mobile network operator reports “robust” results for the first quarter of 2025, buoyed by improved macro-economic conditions in key markets.

MTN encounters cyber security ‘incident’

An unknown third-party claims to have accessed data linked to parts of the company's systems.

Sub-Saharan Africa is mobile money epicentre

After 25 years, mobile money surpasses two billion registered accounts and over half a billion monthly active users globally, says the GSMA.

MTN SA delivers resilient performance in full-year results

The overall MTN SA result was supported by a 6.4% increase in subscribers to 39.8 million, a net addition of 2.4 million in the year.

Nigerian naira, Sudan conflict take toll on MTN’s revenue

The mobile operator’s service revenue decreased by 15.4% on a reported basis, to R177.8 billion for the year ended 31 December.

ITWeb TV: African remittances evolve from buses to apps

While cash is still king in Africa, the continent is witnessing a surge in the use of digital wallets to make cross-border payments, says Verto’s Cornelius Coetzee.

MTN Group revenue plummets in Q3

The company’s revenue falls by 18.5%, as it navigates challenging macro and regulatory conditions in the 17 markets in which it operates.

Vodacom posts R74bn revenue in interim results

The telecoms company’s mobile money platforms, including Safaricom, processed $421.3 billion of transaction value over the last 12 months.

MTN suffers 20% revenue decline in mid-year results

The impact of weaker currencies – particularly the naira against the rand – as well as the conflict in Sudan hit MTN’s financial results for the first half of 2024.