MTN to launch MVNO, mobile payment services in Namibia

The operator now offers direct financial services in 15 countries
MTN sets its sights on financial services in Namibia.
AFPGetty Images
MTN sets its sights on financial services in Namibia.

Share

MTN Group will launch an MVNO and mobile money services in Namibia later this year, according to Reuters, taking the number of markets where the company offers direct financial services to 15.

The move will take MTN closer to its aim of being one of the banking leaders in Africa, where it already offers mobile money services in 14 markets – although not its homeland of South Africa. It also has a continent-wide agreement in place with banking group Ecobank to further widen its reach.
At the end of 2017, MTN had 22 million mobile money subscribers across the markets where it offers the service including Ghana, Rwanda and Cameroon. By 2022 it aims to increase this to 60 million.

MTN Group offers its own full mobile services in 22 markets, most of which are in Africa. It also offers enterprise-focused solutions in several others.

Editor's Choice

VIDEO: the 2018 CommsMEA Awards in review
What went down at this year's Awards? Read on...
From the mag: Optiva and opportunity through openness
A lot of companies may talk a big game about transparency and diversity. But few are practising what they preach quite like Optiva. CEO Danielle Royston talks about the importance of being open, hiring the best people for the job - and what comes next.
VIDEO: CommsMEA interviews Sophia the robot
CommsMEA editor Ben Mack speaks with Sophia, the social humanoid robot, at Etisalat's stand at GITEX 2018.

Most popular

Don't Miss a Story