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Viewpoint: Ghana’s Banks May Find Themselves Undercut by MTN’s Mobile Money
MTN Ghana is targeting 20m customers on its mobile money service in the next three years, from 13m in 2018.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Ericsson and MTN launch Mobile Money open API platform in Ghana
Ericsson and MTN have extended their mobile money partnership with the launch of an open API platform in Ghana.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- emerging markets, mobile money, MTN
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Viewpoint: Nigeria’s Banks Stand to Gain More From Mobile Money Than MTN
MTN Nigeria, which runs the country’s biggest mobile phone network, won a license from the country’s central bank in July to provide financial services. But replicating the success of MTN’s mobile money offer in east Africa will be a big ask.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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M-Pesa Mulls Joining Nigeria’s Mobile Money Market
Safaricom, a major player in the East African Telco market and mobile money operator, will be considering its prospects in the West African zone with Nigeria as the key driver.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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MTN Nigeria Officially Launches Mobile Money Operations
As its biggest market, the Nigeria launch is seen as a significant move by experts and industry players.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- emerging markets, fintech, mobile money, MTN
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Mercy Corps, MTN Liberia Launch Mobile Payment for PayGo Solar Systems
PayGo enables households to buy quality solar systems and pay in installments instead of outright upfront payment. So far, partner private sector distributors have installed over 1,100 pay as you go systems, improving the lives of rural dwellers, particularly those with children of school-going age.
- Region
- Sub-Saharan Africa
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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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