NEWS: More Competition as MTN Plans to Launch Another Bank After MoMo PSB

More Competition as MTN Plans to Launch Another Bank After MoMo PSB

Alongside its MoMo Payment Service Bank (PSB), MTN is reportedly seeking another banking licenseThe South African telecom company is waiting for the South African Reserve Bank to open a national payment system for fintech firmsAlready, MTN’s MoMo boasts about 5.3 million subscribers in Nigeria and targets the low-income consumer market

Henzodaily.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

MTN plans to acquire a banking…

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