MTN Mobile Money

MTN Mobile Money is a mobile money solution across several African countries.

Users can load their MTN Mobile Money accounts with cash at agent locations nationwide and then make domestic and international P2P money transfers, buy mobile phone top-up, purchase goods or pay bills. All transactions are completed securely by entering a PIN number.

In November 2018, the MTN Group announced a joint venture with fellow telco Orange Group to enable interoperability for mobile money payments across Africa.

Type Wallet
Company behind LPM MTN Group / Orange Group
Market share details The MTN Group has 28.2 m mobile money subscribers according to the MTN interim financial results ending 30 June 2019. The largest markets are Ghana (8.3m), Uganda (6.3m), Cote d’Ivoire (2.9m), Cameroon (2.4m) and Rwanda (2.2m).
Market relevance Medium
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