MTN Nigeria launches money transfer service
29 August 2019 - 22:30
Lagos— MTN, Nigeria’s biggest telecoms firm, has launched a mobile money transfer service targeting those without bank accounts, and said on Thursday it plans to become a payment services bank once it obtains approval from the central bank.
The success in east Africa of M-Pesa, the mobile money unit of Kenya’s Safaricom, has convinced investors and the industry that financial services are the next growth area for the telecoms sector, where prices for basic services are falling...
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