Articles about mobile-money

ITWeb TV: African remittances evolve from buses to apps

While cash is still king in Africa, the continent is witnessing a surge in the use of digital wallets to make cross-border payments, says Verto’s Cornelius Coetzee.

MTN Group revenue plummets in Q3

The company’s revenue falls by 18.5%, as it navigates challenging macro and regulatory conditions in the 17 markets in which it operates.

Vodacom posts R74bn revenue in interim results

The telecoms company’s mobile money platforms, including Safaricom, processed $421.3 billion of transaction value over the last 12 months.

MTN suffers 20% revenue decline in mid-year results

The impact of weaker currencies – particularly the naira against the rand – as well as the conflict in Sudan hit MTN’s financial results for the first half of 2024.

Bradwin Roper steps down as MTN fintech CEO

In line with the firm’s executive notice period, Bradwin Roper will exit MTN SA at the end of October.

Inflation, currency volatility impact MTN Group revenue

The devaluation of the Nigerian naira against the US dollar was the strongest headwind faced by the business in 2023, says the telco.

Mobile money becomes key global economic driver

The global mobile money market hits $1.4 trillion in transaction value, with mobile money accounts reaching 1.75 billion in 2023.

MTN partners Jumo to offer short-term loans

The short-term loan facility, Qwikloan, enables MoMo users to obtain loans on their mobile phones, ranging from R250 to R10 000.

Mastercard buys minority stake in MTN’s fintech business

The telco signs deal with Mastercard for an investment of up to R3.8 billion into MTN Group Fintech at a valuation of R99 billion.

What the future holds for fintech in Africa

The rise of fintech and mobile money in Africa is spurred on by providing financial freedom to the unbanked, says 4C Group.

MTN reports resilient Q3 results, despite multiple battles

The telco grapples with inflation, forex volatility, armed conflicts and power outages across its markets.

MTN braces for fresh tax fight in Nigeria

MTN Group is considering its legal options after being ordered to pay $72.6 million in back taxes.