April 12

South Africa Telco MTN Targets $5 Billion for Mobile Money Expansion

The company is preparing to sell or list a minority stake in order to draw more global investors, who are seeking to capitalize on quickly-growing FinTech assets.

MTN currently has 280 million global subscribers and added almost 12 million new users to its mobile money arm for a total of over 46 million in 2020.

Source: PYMNTS (link opens in a new window)

Finance, Technology
financial inclusion, fintech