In Nigeria’s rapidly evolving digital payments landscape, telecommunications companies have been pushing into financial services, betting that their vast subscriber bases would give them a strong foothold in mobile money.
Lately that strategy is showing signs of strain. Major telecom operators such as MTN, Airtel and Globacom are grappling with slower-than-expected adoption and fierce competition from standalone fintech firms. After investing heavily in their fintech subsidiaries, the results have been mixed at best, with impairments and ope
