MTN Cameroon won 300,000 additional Mobile Money users over a quarter

Telecom

MTN Cameroon won 300,000 additional Mobile Money users over a quarter

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- Thursday, 01 November 2018 16:11

(Business in Cameroon) - MTN International group reported that over the third quarter this year, its local subsidiary succeeded in attracting 300,000 more customers for the Mobile Money (MoMo) service. This implies a quarterly increase by 24.5% and brings the number to 1.5 million users from 1.2 million a quarter earlier.

Let’s recall that this market segment is still controlled by Orange Cameroon. Thanks to a partnership with the local subsidiary of the Nigerian banking group UBA, Nexttel Possa which is Cameroon’s third largest mobile operator will also launch the MoMo service.

BRM

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