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MTN now has 36.5 million Mobile Money users in Africa

The number of mobile money users in MTN’s network has hit 36.5 million across 15 countries, up by 5% in the six months to end-June 2016, according to the figures published on Friday by the mobile phone giant. By Staff Writer

MTN said mobile money services generated R1.3 billion in revenues in the six months to end-June 2016, increasing by 40.8% compared to the same period in 2015.

The mobile phone operator added that this was supported by strong performance from MTN Uganda, MTN Ghana, MTN Rwanda and MTN Benin.

It also attributed revenue growth to focused customer engagement and a common, more agile platform enabling converged campaigns and incentives.

“MTN continues to focus on advanced financial services such as remittance services, micro-lending and saving offerings and recorded 160 000 agents,” the company informed investors on Friday.

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Wireless communications and signal processing expert Dr Doron Ezri, the Wi-Fi CTO of Data Communications Product Line at Huawei, told an audience of industry...

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