Close Menu
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact

Subscribe to Updates

Get the latest technology news from TechFinancials News about FinTech, Tech, Business, Telecoms and Connected Life.

What's Hot

Pepe Coin Price Forecasts; Floki Inu Latest News & Top Crypto Investment To Make In 2025

2025-08-31

BNB Hits $900 In August As Analysts Give Their Latest Binance Coin Price Predictions

2025-08-31

SUI Price Prediction: Remittix Expected To Rise Over 4,000% This Year After Winning Top Crypto Presale Award

2025-08-31
Facebook X (Twitter) Instagram
Trending
  • Pepe Coin Price Forecasts; Floki Inu Latest News & Top Crypto Investment To Make In 2025
Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp RSS
TechFinancials
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact
TechFinancials
Home»Boardroom Games»MTN Increases Stake in Mobile Micro-Insurance Firm aYo
Boardroom Games

MTN Increases Stake in Mobile Micro-Insurance Firm aYo

Gugu LourieBy Gugu Lourie2020-11-24No Comments1 Min Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
5G
MTN Logo
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

MTN, Africa’s largest mobile phone group, has increased its shareholding in mobile-micro-insurance firm aYo through acquisition of additional shares.

In 2017, South Africa’s third-biggest insurer Momentum Metropolitan and MTN launched aYo, a micro-insurance joint venture.

“The share of start-up losses has declined following the strategic decision to reduce our shareholding from 50% to 25%, with MTN’s shareholding increasing to 75%,” Momentum informed investors on Tuesday.

“The change in shareholding is still subject to certain conditions precedent.”

The insurer also disclosed that aYo has 10 million registered policyholders in October 2020 with over 50% active.

The company also operates in Ghana and Zambia.

aYo provides you with a fast, convenient, and easy to use insurance right on your cell phone. You enjoy hospital and life insurance cover through airtime deduction (Recharge with Care) or when you send MoMo (mobile money) to your family or loved ones (Send with Care).

It brings you an easy way to get hospital cover for accidents (not illness) and life cover.

Also read: HOW IS MTN’S MOVE INTO FINANCIAL SERVICES INDUSTRY GATHERING STRENGTH

 

AYo mobile micro-insurance Momentum Metropolitan MTN
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Gugu Lourie
  • Website

Related Posts

BankservAfrica Rebrands As PayInc

2025-08-29

SA’s Skhokho 2.0 Puts Enterprise AI In SME Hands

2025-08-28

KZN’s First Supercar-Centric Luxury Residential Development Unveiled

2025-08-27

Please Call Me: After 25 Years, Will SCA’s New Bench Silence ConCourt?

2025-08-26

Vodacom Invests R400M To Expand Network In Free State And Northern Cape

2025-08-26

Government Pensions Administration Agency CEO Placed On Precautionary Suspension

2025-08-26

MortgageMarket & Takealot Launch SA’s 1st E-Commerce Home Loan Hub

2025-08-25

Elon Musk’s Starlink Backs BEE Equity Equivalents, Not 30% Ownership

2025-08-18

Airtel Africa & Vodacom Forge Landmark Infrastructure Partnership

2025-08-12
Leave A Reply Cancel Reply

DON'T MISS
Breaking News

BankservAfrica Rebrands As PayInc

The financial market infrastructure giant BankservAfrica has officially been rebranded to PayInc. The launch, held…

KZN’s First Supercar-Centric Luxury Residential Development Unveiled

2025-08-27

Government Pensions Administration Agency CEO Placed On Precautionary Suspension

2025-08-26

Airtel Africa & Vodacom Forge Landmark Infrastructure Partnership

2025-08-12
Stay In Touch
  • Facebook
  • Twitter
  • YouTube
  • LinkedIn
OUR PICKS

SA’s Skhokho 2.0 Puts Enterprise AI In SME Hands

2025-08-28

Please Call Me: After 25 Years, Will SCA’s New Bench Silence ConCourt?

2025-08-26

Vodacom Invests R400M To Expand Network In Free State And Northern Cape

2025-08-26

Elon Musk’s Starlink Backs BEE Equity Equivalents, Not 30% Ownership

2025-08-18

Subscribe to Updates

Get the latest tech news from TechFinancials about telecoms, fintech and connected life.

About Us

TechFinancials delivers in-depth analysis of tech, digital revolution, fintech, e-commerce, digital banking and breaking tech news.

Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp Reddit RSS
Our Picks

Pepe Coin Price Forecasts; Floki Inu Latest News & Top Crypto Investment To Make In 2025

2025-08-31

BNB Hits $900 In August As Analysts Give Their Latest Binance Coin Price Predictions

2025-08-31

SUI Price Prediction: Remittix Expected To Rise Over 4,000% This Year After Winning Top Crypto Presale Award

2025-08-31
Recent Posts
  • Pepe Coin Price Forecasts; Floki Inu Latest News & Top Crypto Investment To Make In 2025
  • BNB Hits $900 In August As Analysts Give Their Latest Binance Coin Price Predictions
  • SUI Price Prediction: Remittix Expected To Rise Over 4,000% This Year After Winning Top Crypto Presale Award
  • Ethereum Price Heading Towards $4,000 As Crypto Markets Drop But This Altcoin Continues To Surge
  • XLM Price Prediction In September & Which Altcoins Could Rise Over 25x Next Month
TechFinancials
RSS Facebook X (Twitter) LinkedIn YouTube WhatsApp
  • Homepage
  • Newsletter
  • Contact
  • Advertise
  • Privacy Policy
  • About
© 2025 TechFinancials. Designed by TFS Media.

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.