MTN targets Nigeria’s lending market as it seeks fintech licences
MTN is seeking regulatory approvals to expand its fintech arm into lending across Africa, focusing on Nigeria. The company aims to capture a larger share of Africa's underserved credit market, where 80% of Nigerian MSMEs lack formal credit access.
New Payments Partnership on Expanding Cardless Payment across Nigeria
Redtech, MoMo PSB, and UBA launched a payment interoperability partnership in Nigeria. The partnership connects banking-led merchant acceptance with telco-led mobile money wallets.
Thunes Partners With Nigeria’s Largest Mobile Network Operator to Expand Remittance Services
Thunes and MoMo PSB announced a partnership to expand MoMo's international remittance capabilities. Remittance flows into Nigeria increased by 9% in 2024, reaching $20.9 billion.
MTN Nigeria to obtain two additional payment licences for MoMo PSB
MTN Nigeria applied for PSSP and PTSP licenses for MoMo PSB. PSSP license allows MoMo PSB to offer payment processing gateways.
