MTN Nigeria grows data, fintech services amid forex losses and economic hurdles
MTN Nigeria's service revenue grew 33.6% in Q3 2024. Data revenue increased by 52.3%, driven by demand for digital services.
Lending product drives MTN Nigeria's fintech revenue growth in H1 2024
MTN Nigeria reported a 2.9% increase in total subscribers, reaching 79.4 million. The telco's fintech business saw 11% revenue growth primarily due to its airtime lending product Xtratime and the adoption of its mobile money services, MoMo.
MoMo bets on open API to grow usage of digital wallets in Nigeria
MoMo releases an open API to increase digital wallets on the platform. MoMo believes that the industry's future is in wallets despite low adoption rates.
Digital Lending Company Optasia Obtains Fintech License From Bank Of Ghana
Optasia has been granted a Payment and Financial Technology Service Provider license by the Bank of Ghana. The approval allows Optasia to offer its AI-led technology for credit scoring and decision systems to financial institutions in Ghana.
