MTN Nigeria to Have 100,000 MOMO Agents

  • MTN Nigeria to Have 100,000 MOMO Agents

MTN Nigeria, the largest telecommunication company in Africa, said it plans to build a network of 100,000 agents for its mobile money (MOMO) operation before the end of the year.

Ferdi Moolman, the Chief Executive Officer, MTN Nigeria, said the company is excited about its digital offerings following the completion of Value Added Service (VAS) optimisation.

“Having launched our super-agent services, our goal is to build a network of 100,000 agents by year-end. Super-Agent has always been a part of our MoMo business plan and obtaining the licence shows we are on track with our plans,” he said.

The CEO added that the company will continue to engage the central bank regarding its Payment Service Bank licence as it is fully harnessing opportunities that the Super-Agent licence brings.

“In the remaining quarter of the year, we will continue to prioritise the expansion of our 4G network coverage and drive active data subscriber growth. We expect voice and data revenue to continue to grow on the back of subscriber growth and increasing demand for data services,” he said.

Commenting on the USSD end-user billing, he said: “Our extensive engagements with banks over implementation of end user billing for USSD-based banking services reflects our determination to find a solution that is affordable for the consumer and drives maximum uptake and use of financial services.”

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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