Monday
November 26
2018

Two of Africa’s Largest Operators are Collaborating to Dominate Mobile Money

MTN and Orange—the largest mobile operators in Anglophone and Francophone Africa—are teaming up in an attempt to dominate the continent’s mobile money market.

The pair have launched Mowali, a continent-wide mobile money interoperability joint venture which allows users send money between mobile money accounts across different providers. The service is immediately open to users of MTN Money and Orange Money but can also be enabled for other mobile money providers as well as banks, possibly serving the over 300 million mobile money users in Africa. MTN and Orange alone boast of operations in 22 African countries. But that pool could soon increase as MTN plans to launch its mobile service in Nigeria and relaunch in South Africa.

 

Photo credit: Rob Tinworth

 

 

Source: Quartz (link opens in a new window)

Categories
Finance
Tags
financial inclusion, mobile finance, mobile money