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)
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