MTN Takes Steps To Roll Out Payment Service Bank Seamlessly in Nigera

The agent network served almost one million customers in the first four months of operation.

MTN MoMo app
MTN MoMo app

As part of its plans to roll out payment service bank seamlessly in Nigeria, MTN says it has registered about 108,000 mobile money agents across the country since August when it began the super-agent service.

“We launched a super-agent service in August and are pleased with the initial rollout
and uptake of the service,” said MTN Nigeria CEO, Ferdi Moolman.

“We continue to make good progress with the expansion of our super-agent network and are confident that the expanded service offerings will position us to effectively drive broader financial inclusion as well as roll out the payment service bank seamlessly, once we receive a licence.”

The agent network served almost one million customers in the first four months of operation.

“We are maintaining our focus on further expansion,” said Moolman.

“To cater to a broader market and encourage further adoption, we are also widening the service offering – from basic transfer service and airtime/data sales to a more extensive bouquet, including cash deposit and withdrawal services, bill payments and facilitating e-commerce.”

The company’s FinTech revenue growth was 23.3% in the year ended 31 December 2019, supported by increased adoption of MTN Xtratime, our airtime lending service.

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