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MTN MoMo Goes Cloud-Native

5 entriesSat, Aug 22 – Fri, Aug 28Fintech & Payments

Timeline

  1. Fri, Aug 28LatestUnverified — not yet reviewed

    MTN Pursues Banking Licences Across Africa to Compete With Incumbent Banks

    MTN Group is actively pursuing full banking licences across multiple African markets, a push that would formally redraw the competitive boundary between telecoms operators and banks on the continent. The strategy builds on MTN's previously reported target to grow its Nigerian MoMo fintech user base from 5 million to 30 million.

  2. Thu, Aug 27Unverified — not yet reviewed

    MTN Pursues Banking Licences to Lead Mobile Credit Across Africa

    MTN is actively pursuing banking licences across multiple African markets as part of its strategy to capture the next wave of mobile credit growth on the continent. The move builds on MTN's previously reported target to grow its Nigerian fintech user base from 5 million to 30 million and its MoMo cloud-native infrastructure upgrade.

  3. Wed, Aug 26Unverified — not yet reviewed

    MTN Eyes Banking Licences and 30 Million Nigerian Fintech Users in Finance Push

    MTN Group is pursuing banking licences across multiple African markets while separately targeting a sixfold increase in its Nigerian fintech user base from 5 million to 30 million. The dual announcements signal a deliberate escalation of MTN's strategy to compete directly with incumbent banks and digital lenders across the continent.

  4. Tue, Aug 25Unverified — not yet reviewed

    MTN Migrates MoMo to Cloud-Native Infrastructure Across Four African Markets

    MTN has completed a cloud-native migration of its MoMo mobile money platform across four African countries, described as a foundational infrastructure upgrade designed to improve scalability and resilience for one of the continent's largest mobile money services. The move is framed as a core plank of MTN's expanding African fintech ambitions.

  5. Sat, Aug 22Unverified — not yet reviewed

    MTN Migrates MoMo to Cloud Infrastructure Across Four African Markets Under Ambition 2030

    MTN has migrated its MoMo mobile money platform to cloud infrastructure across four African countries as part of its Ambition 2030 strategy, marking a significant modernisation of the group's fintech technology stack at continental scale. The move is designed to improve scalability, resilience, and cost efficiency for one of Africa's largest mobile money platforms.