MTN bets on fintech and digital revenues for growth
Company wants units to account for a quarter of income in the next five years
01 November 2020 - 17:56
Africa’s largest telecoms operator, MTN, is looking to capitalise on increased demand and usage of digital products such as mobile money and gaming so that these units account for a quarter of revenues in the next five years.
In an interview with Business Day on Friday, group CEO Ralph Mupita said the fintech segment grew 21% in the quarter to end-September, while digital revenues were up 38%. ..
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