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MTN is targeting Nigeria for expanded digital lending while addressing major credit gaps in AfricaThe telecom giant aims to transform into a full-scale digital financial services providerMTN Fintech generated $2.8 billion in revenue, with over 70 million active users across Africa
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
MTN is preparing to make a major move into digital lending across Africa, with Nigeria emerging as one of its biggest targets, as the telecom giant pushes deeper into financial services following the unveiling of its new TV streaming platform.
The company says it is seeking fresh regulatory approvals that would allow its fintech arm to move beyond facilitating loans to directly lending money to customers using its own balance sheet.
MTN unveils plans to secure a credit lending license in Nigeria and Africa. Credit: NovatisSource: Getty Images
Speaking at MTN Group’s Capital Markets Day
