MTN agent banking rollout in SA test run for Nigeria

In South Africa, MTN finds familiar mobile money model as it waits for Nigeria

MTN’s mobile money arm added almost 12 million new users to a total of more than 46 million customers.

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

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