MTN will today officially launch mobile money, MoMo, operations in Nigeria, its biggest market and Africa’s most populous nation.
Mobile Money schemes across Africa typically help make cash transfers and payments via mobile phone connections. It is seen as a key measure to bridging financial inclusion. The launch is taking place at the Hilton Abuja.
As its biggest market, the Nigeria launch is seen as a significant move by experts and industry players. One of MTN’s biggest and successful MoMo operations in West Africa is in Ghana.