MTN Group’s mobile money services have achieved its fastest growth across the African continent with an all-time growth beyond the growth experienced in Q3.
This has increased the user base as over 42 million users are currently initiating transactions across the 16 markets available on the platform.
This significant growth has been attributed to MTN’s reduction in MoMo transaction fees while assisting customers to cushion the pandemic effects.
With 10 years of steady growth and system improvements, MTN remains committed to leveraging its technology to enable a cashless Africa and works in collaboration with strategic business partners to provide additional mobile offerings that include loans, insurance, remittances, and MoMo Pay.
Using the Mobile Money (MoMo) services platform, customers are able to store more money on their mobile wallets to initiate transactions with registered merchants.
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