MTN Group counts on Ericsson Wallet Platform in fintech drive

A recent court order to freeze MTN Cameroon’s MoMo account at Afriland First Bank is an offshoot of an ongoing case between Cameroonian business mogul Ahmadou Baba Danpullo and South Africa’s First National Bank.

A significant movement in the exchange rate, resulted in higher forex losses with a knock-on effect on net finance costs.

MTN Group is considering its legal options after being ordered to pay $72.6 million in back taxes.

Bradwin Roper discussed the progress of MTN's Mobile Money (MoMo), which has over 8 million registered members in South Africa and has been exported to 17 other African markets, in an interview.

The group's suite of services, including MoMo (Mobile Money), Ayoba, and Chenosis, will be showcased a two day SME event MTN is hosting this week.

MTN Nigeria profit before tax increased by 8.5%, while profit after tax (excluding non-controlling interest) increased by 3.8%.

Fintech firm Optasia has announced the launch of a microloan service with Ecobank Guinea, via MTN Mobile Money.

Partnerships and a new loan feature have kept the platform on a steady growth trajectory.

Former JSE executive Nicky Newton-King appointed as Director of MTN Companies, effective 1 January 2023.

Despite challenges like NIM/SIM registration, rising inflation, fuel prices and supply chain issues, MTN continues to leverage strong performance of its African subsidiaries.

Operator appoints Andrew Goodrich as Executive for Banktech in Group’s Fintech team, effective 1 June 2022.