MTN Group eyes 60 million African mobile money subscribers in 3 to 4 years

Wednesday 24 January 2018 | 10:19 CET | News
MTN Group said it aims to increase its mobile money subscribers in Africa from the current 21 million to 60 million in the next three to four years across, reports The Leadership. Rob Shutter, chief executive officer, said the company is encouraged by the progress made by its mobile money offering in other geographies that it operates in. Shutter said developing mobile money leverages the strength of the MTN brand and distribution network, as it has built a huge informal distribution network for prepaid airtime to bring customers into a transactional banking system.

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Categories: Mobile & Wireless
Companies: MTN
Countries: Africa
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