MTN MoMo Processed $2.1B in Cross-Border Remittances in H1 2025
TLDR
- MTN Group Fintech, the financial services arm of Africa’s largest telecom operator, processed $2.1 billion in international remittances across 14 markets in the first half of 2025
- MTN’s MoMo platform now supports 283 million accounts, processing $1.1 trillion annually and serving as a vital driver of digital finance on the continent
- Despite progress, over 350 million Africans remain unbanked, and cross-border transfer fees average 8%, among the world’s highest
MTN Group Fintech, the financial services arm of Africa’s largest telecom operator, processed $2.1 billion in international remittances across 14 markets in the first half of 2025, underscoring its growing role in simplifying cross-border payments. For CEO Serigne Dioum, the milestone marks a step toward building a borderless African financial ecosystem.
“At the core of our vision is a world where financial services are seamless, accessible, and secure,” Dioum said. “Inclusion becomes sustainable when payments are part of daily life.”
MTN’s MoMo platform now supports 283 million accounts, processing $1.1 trillion annually and serving as a vital driver of digital finance on the continent. Beyond peer-to-peer payments, its BankTech vertical disbursed $1.3 billion in microloans in H1 2025, averaging $20 per loan, while its merchant network handled $9.9 billion in transactions.
MTN’s OpenAPI platform, live across all markets, is enabling fintechs and developers to build new services atop its infrastructure — a strategic play to cement MoMo as the operating system for African digital payments.
Despite progress, Dioum acknowledges ongoing challenges: over 350 million Africans remain unbanked, and cross-border transfer fees average 8%, among the world’s highest. MTN’s approach focuses on interoperability, affordable access, and retaining USSD support for users with basic phones.
“The next decade will be defined by how we collaborate — regulators, banks, and innovators alike,” Dioum said. “If we get it right, mobile money won’t just empower millions, it will power Africa’s digital progress.”
Daba is Africa's leading investment platform for private and public markets. Download here
Points clés à retenir
MTN’s $2.1 billion remittance milestone reinforces its evolution from telecom giant to pan-African fintech infrastructure player. With over 280 million accounts and $1.1 trillion in transaction volume, MoMo’s scale rivals regional banks — and its integration of microcredit, APIs, and cross-border payments positions it as Africa’s leading super-fintech. Yet challenges remain: high remittance costs, regulatory fragmentation, and limited interoperability. Dioum’s vision of a unified African payments rail aligns with AfCFTA ambitions and could redefine how money moves across the continent if MTN executes its borderless play effectively.
Vous pensez que quelqu'un d'autre devrait voir ça ?
Investir dans cette opportunité et dans d'autres opportunités à travers l'Afrique
Téléchargez l'application daba finance sur votre mobile via
Passer à l'action.
Télécharger l'application
Entrez en partenariat avec nous
Débloquez des opportunités commerciales passionnantes et un potentiel de croissance.
Rejoindre Daba
Devenez membre de notre communauté dynamique et profitez d'avantages exclusifs.
Contactez-nous
Contactez-nous pour toute demande de renseignements, assistance ou collaboration.