MTN enlists International Finance Corporation to grow fintech unit
Partnership with World Bank affiliate is aimed at growing network of distribution agents
19 May 2021 - 19:54
MTN is stepping up its mobile money efforts in SA through a partnership with the International Finance Corporation (IFC), an affiliate of the World Bank, aimed at growing its network of distribution agents in the country.
With declining voice revenues and data margins squeezed due to public pressure and regulations, mobile operators have been looking at other ways to create revenue streams from their large customer bases. For MTN, which has about 278-million subscribers across Africa and the Middle East, fintech is one of its areas of focus, driven by mobile payments...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.