MTN’s $5.2B fintech spinoff moves forward, but faces regulatory delays in Nigeria
- MTN Group is separating its fintech operations in Ghana, Uganda, and Nigeria, with plans to finalize by mid-2025.
- The fintech unit is valued at $5.2 billion as part of Mastercard's minority stake acquisition.
- Regulatory processes in Ghana and Uganda are progressing smoothly, while Nigeria presents notable challenges.
The separation of MTN's fintech operations could be a strategic move to enhance focus and attract investment, particularly from Mastercard. However, the challenges in Nigeria highlight the complexities of operating in volatile markets. The company's ability to navigate these issues while maintaining growth in fintech will be crucial for its recovery and future success.
