A Chinese fintech company known for its digital payment platform Alipay, which provides various financial services.
MTN Nigeria moves MoMo to new platform as fintech revenue falls 26%
MTN Nigeria's fintech revenue fell 25.91% to ₦97.5 billion ($72.42 million) in the nine months ended September 2026. The company temporarily suspended its airtime and data credit advance service, Xtratime, on April 16, 2026.
MTN Eyes Nigeria’s Lending Market as $500bn MoMo Fintech Spinoff Advances
MTN Group is working towards completing the structural separation of its mobile money business, MoMo, to facilitate independent growth. The company plans to upgrade its banking license in Nigeria to offer lending and international remittance services.
