MTN bolsters mobile finance play with Ant deal
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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