South Africa's MTN to offer mobile banking in Nigeria next year

MTN since last year, said the company would relaunch mobile money services in South Africa. [Photo: Reuters]

CAPE TOWN - MTN Group will apply for a mobile banking license in Nigeria and launch a service there next year, its CEO said on Tuesday, further embedding the South African telecoms company in its biggest but increasingly problematic market.

 “We will be applying for a payment service banking license in Nigeria in the next month or so, and if all goes according to plan, we will also be launching Mobile Money in Nigeria probably around Q2 of 2019,” Rob Shuter told a telecoms conference in Cape Town.