MTN Group Ltd. increased its fintech transaction volumes by a third in its latest financial year, as it closes a deal with Mastercard Inc. that values the business at $5.2 billion.
Raptors return on investment is the real dealMLS Cup the winning goal in record-breaking season for soccer in North AmericaNorth America’s oldest sport catches momentum in new professional localesCanadian Football League fanatics fuel financialsCanada’s Davis Cup team finding loveA logo outside the MTN Group Ltd. headquarters in Johannesburg, South Africa, on Monday, Aug. 14, 2023. MTN, Africa’s biggest wireless carrier, said Mastercard Inc.
The African operator now has 72.5 million active users of its mobile-money services, known as MoMo, it said in a statement released on Monday. Africa’s young, tech-savvy population are increasingly using their mobile phones to bridge gaps in services including banking. This has opened a lucrative and fast-growing space in the fintech sector for wireless carriers.
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