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MTN MOMO
MTN Nigeria has said that its mobile money subsidiary, MoMo PSB, recorded a 47% decline in active wallet users at the end of 2024.
MTN Group’s active fintech users rose to 72.5 million at the end of 2023, according to the company’s audited financial result released on Monday.
MTN Group and Mastercard have signed a multi-market agreement that will set in motion a new era of collaboration to connect millions of people and small businesses across Africa with digital tools to transact through secure mobile payments.
Meanwhile, registered MoMo wallets increased by more than two times to 9.9 million in Q3
The mobile money business of MTN Nigeria is currently leading the financial inclusion drive in Nigeria, ahead of the Central Bank of Nigeria’s eNaira...
MTN Nigeria has said its mobile money business, MoMo, has recorded 4.2 million wallets in less than two months of its launch.
The PSB model of banking has come as one of the easiest and most convenient ways to bank in Nigeria.
Mobile money transfers have been instrumental in helping to curtail the spread of the highly-contagious COVID-19.