Wednesday
June 17
2026

MTN Targets Nigeria’s $236 Billion Credit Gap as its $500 Billion MoMo Business Pushes into Lending

By Ayodeji Adegboyega

The Johannesburg-based company is finalising the structural separation of its Nigerian and Ugandan fintech units, a key step required to complete a minority investment deal with Mastercard and open the door to other strategic buyers.

Photo courtesy of Priscilla Du Preez.

Source: Business Insider Africa (link opens in a new window)

Categories
Finance, Technology, Telecommunications
Tags
business development, corporations, development finance, digital payments, financial inclusion, fintech, lending, mobile finance