MTN’s fintech breakthrough in Nigeria ‘a licence to print money’
MTN share price soars on news it received a provisional licence to operate its mobile money platform in Nigeria
05 November 2021 - 10:48
UPDATED 07 November 2021 - 23:08
MTN, which on Friday received a provisional licence to operate its mobile money platform in Nigeria, is on track to generate a fifth of its revenue from fintech.
Nigeria is the continent’s biggest market but only a small percentage of the population use a bank account, making mobile money a very attractive prospect, says tech analyst Arthur Goldstuck. It is a situation that can be described as “a licence to print money”...
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