MTN Eyes Banking Licences as It Pushes Deeper Into Lending
The telecoms group said lending would expand from its own balance sheet as it weighs licences in markets with large wallet balances.
10 Articles
10 Articles
The South African telecom operator MTN Group is exploring obtaining bank licenses on a selection of African markets. The ambition, declared on Tuesday 25 August by its Managing Director Ralph Mupita during a meeting with the press, aims to break the current model of intermediated lending to use directly its own balance sheet, collect deposits and strengthen the
MTN Eyes Banking Licences As African Fintech Business Expands Into Lending
MTN Group is considering banking licences in selected African markets as the telecommunications giant moves deeper into lending and seeks new sources of growth beyond its traditional voice and data businesses. Group President and Chief Executive Officer Ralph Mupita said MTN is evaluating whether banking licences could allow the company to take deposits and eventually […] The post MTN Eyes Banking Licences as African Fintech Business Expands Int…
MTN Confirms Plans for Banking Licences in Select African Markets
By Adedapo Adesanya MTN Group has confirmed plans to explore banking licences in selected African markets as the telecommunications giant seeks to deepen its fintech operations and eventually provide loans directly from its own balance sheet. The chief executive of the firm, Mr Ralph Mupita, disclosed the plan on Tuesday, saying lending has emerged as […]
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
