MTN Group Fintech signed a deal with Ant International to collaborate on a so-called super-app platform covering a range of lifestyle and commerce services based around the operator’s mobile money platform.

The MTN unit hailed the agreement with the financial technology specialist as a major step in its attempts to build a more resilient and future-ready digital ecosystem across its markets.

Nigeria will be first country to see the results of the pact with a “super-app” platform set to be launched there in Q3 intended to deepen digital inclusion and provide the basis for a range of mobile money-linked services.

It is expected to significantly enhance MTN customers’ mobile money experience in Nigeria, delivering faster transactions, improving reliability, and providing greater integration with other financial and commerce services.

The operator unit explained using Ant’s technology provides the means for it to evolve its product by means including fraud prevention measures and “richer engagement features for consumers and merchants”.

MTN Group president and CEO Ralph Mupita (pictured) said the “partnership aligns” with the company’s “ambition of leading digital solutions for Africa’s progress by leveraging scale, technology and strong global partnerships”.

He added it aims to deliver a “more seamless, secure and intuitive MoMo platform that advances digital inclusion and expands economic participation”.

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Safaricom CEO Peter Ndegwa (pictured) believes Africa is no longer playing catch-up in global technologies, telling attendees of a key business conference in Kenya the continent is now holding its own in developing fresh business models and tapping emerging digitalisation trends.

In a string of posts on a popular micro-blogging site, the operator reported Ndegwa told the Academy of International Business (AIB) Conference nations are increasingly looking to Africa for fresh approaches to delivering growth and innovation.

Africa is now “co-creating new models” and its views are ever-more sought after, Ndegwa said.

The Safaricom boss noted Africa was not immune to global challenges, but argued “turbulence can also drive transformation”.

He pointed to the Covid-19 (coronavirus) pandemic as an example, explaining the operator group “had to navigate regulatory changes, currency pressure”, greater competition and cybersecurity challenges.

The challenges fuelled a shift from “telco to techco” as Safaricom recognised “adaptability is now a competitive advantage”.

He noted global uncertainties continue today due to “geopolitical tension, economic volatility” and various disruptive technology developments including AI, meaning the ability to swiftly adjust is still essential.

Ndegwa said the m-Pesa mobile money platform “remains the clearest example of African innovation” being used to address a local problem by looking to the bigger picture of what the system is for rather than focusing solely on technology.

He argued the platform shows what can be achieved in driving digital transformation when initiatives are backed by the right regulations and laws, along with “strong public-private collaborations”.

The three-day AIB event concluded today (29 May).

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