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Reaching the Unbanked — MTN to Shake up Nigeria’s Fintech Sector
The scale of Nigeria’s low financial inclusion and the banking sectors’ inability to tackle the problem necessitated a change in strategy. Nigeria continues to lag behind other African countries in financial inclusion. While sub-Saharan Africa’s number of adults with a bank or other financial account increased to 43% in 2017, up 9% from 2014, Nigeria’s banked population dropped to 40%, down 4% from 2014.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Vodacom Poised to Widen M-Pesa Availability
“We think it’s time to level the playing field and so it doesn’t matter how big your GSM base is, customers should be able to access our service,” he added. “We very much see M-Pesa becoming like an OTT service.”
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Bank of Ghana Asks Mobile Money Operators to Reduce the High Cost of Services
The Bank of Ghana (BoG) has urged mobile money operators to reduce the cost involved in the transaction of business on the mobile money platform.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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MTN, Sanlam Insurtech Partnership May Face Stumbling Blocks
Arthur Goldstuck, founder of World Wide Worx and ICT analyst, points out that with mobile money having failed repeatedly in SA, mobile insurance offers no guarantee of success, in a country with a large number of uninsured populations.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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MTN launches airtime recharge via WhatsApp
MTN South Africa has launched a new service on WhatsApp that allows its customers to check their balances, top up their airtime and buy data bundles without having to leave the Facebook-owned messaging app.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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MTN opens up mobile money platform to developers
“It has been 20 years since we started operating in Uganda and our role in this economy has been evolving. Today, opening the mobile money API further emphasises our ambition of being a digital company." said Wim Vanhelleputte, the MTN Uganda chief executive officer.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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MTN’s successful IPO in Ghana shows the far-reaching potential of mobile money in Africa
MTN successfully pulled off a first: a historic initial public offering done mainly through mobile money.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Fenix International outpaces industry growth to reach 150,000 Zambians in 9 months
Pay-go energy company Fenix International, part of global utility Engie, has reached 30,000 Zambian households just 9 months after expanding into the country in partnership with telecom MTN.
- Region
- Sub-Saharan Africa
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