MTN has final approval from Nigerian authorities for mobile money bank
Nigeria is Africa’s biggest market, and MTN’s most profitable, generating more than a third of its core profit in 2021
Africa’s largest mobile operator MTN has received final approval from Nigerian regulators for its mobile money platform, which will allow it to scale up its fintech services in the continent’s biggest market.
This entry into mobile payments in Nigeria pits MTN against the third-largest mobile operator in the world, Airtel. The Indian telecommunications company is in 14 African countries, including Nigeria...