MTN to revisit financial services in South Africa

Monday 12 March 2018 | 09:43 CET | News
MTN South Africa says it wanted to have another crack at financial services in its home market after withdrawing from mobile money there in 2016, BusinessDay reported. CEO Rob Shuter said that high banking penetration rates in South Africa meant mobile money "has been tried quite a few times here" without success, and the model was not suited to Iran, MTN's third-largest market, for similar reasons. 

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Categories: Mobile & Wireless
Companies: MTN Irancell / MTN South Africa / MTN Sudan
Countries: South Africa
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