MTN Mobile MOney

3 years after being spun off the parent company, MTN Mobile Money is emerging into Uganda’s largest fintech

by Muhereza KyamuteteraNews & AnalysisQ + AsThe Big StoryJune 4, 2024June 4, 2024

Ahead of the fintech’s 3rd anniversary, CEO East Africa Magazine’s Executive Editor, Muhereza Kyamutetera, spoke to Richard Yego as well as Jemima Kariuki-Njuguna, the Chief Product Officer; Stephen Mutana, the…

We are not after the banks’ cake; but are baking our own more affordable and widely accessible one- Segun Ogunsanya, Airtel Africa Group CEO  

by Muhereza KyamuteteraIndustry & AnalysisThe Big StoryMay 8, 2023July 2, 2023

“I don’t think we have dug into the space of bankers or the space of banking. We have just discovered a need that is not being met by conventional banks,”…

USE Partners with MTN Mobile Money to Digitalize SCD Account Opening

by CEO ReporterCompany NewsNews & AnalysisSeptember 14, 2021September 14, 2021

Uganda Securities Exchange’s (USE) Securities Depository USE SCD has today launched a digital Securities Central Depository (SCD) account opening platform in partnership with MTN Mobile Money in a bid to…

MTN Values Mobile Money Arm at UGX18 trillion (US$5b), Considers IPO

by CEO ReporterCompany NewsApril 13, 2021April 13, 2021

MTN Group Ltd. values its mobile money arm at about US$5 billion (UGX18 trillion) and will consider a listing of the division, joining African wireless carriers trying to monetize a…

MTN introduces Mobile Money transactions on the Ayoba mobile app

by CEO ReporterCompany NewsOctober 20, 2020October 20, 2020

MTN Uganda has introduced Mobile Money person to person transactions within the ayoba App, a feature that will enable customers to send money to each other in-app, while chatting, without…

Customer mobile money balances not affected, MTN CEO clarifies on security breach in which billions of money was feared stolen

by CEO ReporterCompany NewsOctober 8, 2020October 8, 2020

MTN Uganda has come out to clarify on a security breach by Pegasus Technologies Ltd, an aggregator, in which it is feared billions of customers’ money was stolen. The telecom’s…

Hackers break into mobile money system, make off with unspecified billions belonging to Airtel, MTN, Stanbic, and other financial institutions

by Muhereza KyamuteteraFinanceThe Big StoryOctober 5, 2020October 5, 2020

Unidentified hackers broke into the systems of Pegasus Technologies, a company that integrates mobile money transactions between telcos, banks, and other local, regional, and international money transfer services, making off…