MTN is planning to launch its mobile money service in Nigeria next year
By Yomi Kazeem
MTN, Africa’s largest telecoms company, is doubling down on its Nigeria operations despite a history of billion-dollar fines.
The company will apply for a mobile banking license in Nigeria and plans a launch of its mobile money service in Africa’s largest economy in the second quarter of next year, its CEO said at a trade show in Cape Town on Tuesday (Nov.13).
MTN’s mobile money plans will go on despite its latest scrap with Nigerian authorities who claim it “illegally repatriated” $8.1 billion in profits and possibly owes $2 billion in taxes.
Photo courtesy of Casey Dlott/USAID.