JOHANNESBURG – MTN, Africa’s biggest telecoms operator, is determined to shrug off its woes in Nigeria and is set to launch a mobile banking product in the country as it seeks to increase its dominant position on the continent.
The group yesterday used the AfricaCom gathering, which brought together the telecoms industry’s head honchos, to announce its plans to apply for a mobile banking licence in Nigeria.
MTN chief executive Rob Shuter, who cut a confident figure, said the group saw a lot of opportunities in Nigeria and on the continent.
“We will be applying for a payment service banking licence in Nigeria in the next month or so, and if all goes according to plan, we will also be launching Mobile Money in Nigeria, probably around the second quarter of 2019,” Shuter said.
The company also plans to relaunch Mobile Money in South Africa early next year.