In South Africa, MTN finds familiar mobile money model as it waits for Nigeria
MTN
MTN’s mobile money arm added almost 12 million new users to a total of more than 46 million customers.
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Mobile network operator MTN may not have a Payment Service Bank (PSB) licence in Nigeria just yet, but in South Africa, it can test its ability on a market with a similar model to the most populated country in Africa. Since 2018, the South African-based telco has been waiting for the Central Bank of Nigeria…
