‘MTN To Become Largest Fintech Platform in Africa’
…As Digital Payment To Reach $29 BN By 2022
SHALOM OLALEYE
MTN Group said it’s new mobile money partnership with Flutterwave would further broaden its Fintech Platform in Africa.
In statement signed by the MTN Group, this partnership would allow businesses integrating Flutterwave in Cameroon, Côte d’Ivoire, Rwanda, Uganda and Zambia to receive payments via MTN Mobile Money (MoMo).
Through this partnership, MTN and Flutterwave would positively contribute to this trend by increasing mobile money usage and penetration in Africa to improve local economies and livelihoods as well as create opportunities for individuals and businesses across the continent.
Commenting on the partnership, MTN Group Chief Digital Officer Serigne Dioum said,“As we progress on our journey to becoming the largest fintech platform in Africa, we will empower millions of businesses to embrace e-commerce in our markets to accept digital payments from MoMo consumers.
“We believe this is an enabler to accelerating digitized payments in Africa. Building strong ecosystems through partnerships is central to our platform strategy and we will continue to invest in expanding the reach of our platform to consumers and businesses in Africa.”
The new partnership would further expand on Flutterwave’s previous collaboration with MTN, beyond Uganda and Rwanda. With the potential of deepening adoption of digital payments and e-commerce in Africa, a sector expected to reach $29 billion by 2022, according to Statista company.
