MTN and Ecobank are forming task teams to identify the most appropriate financial services products for each of the 13 African markets they plan to target jointly. MTN signed an agreement with the Nedbank associate company in early April aimed at developing new financial services products for the countries in which their operations overlap, bar SA and Ethiopia. They will target Benin, Cameroon, Congo, Ghana, Guinea-Bissau, Guinea, Ivory Coast, Liberia, Nigeria, Rwanda, South Sudan, Uganda and Zambia. MTN said it was launching working groups "across the markets to draw up our implementation plan and probable product road map". While the products would differ across markets, the mobile operator and Togo-based bank would initially consider mobile bank accounts, transfers between Ecobank accounts and MTN mobile wallets, and international remittance services. The companies have also said they would consider mobile saving and lending products and digital payment services. Marketing strate...

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