Update 5 of 10

MTN Targets 30 Million Fintech Users in Nigeria, Signalling MoMo Growth Blueprint

Unverified — auto-generated summary, not yet reviewedFintech & PaymentsAug 26, 2026

MTN has disclosed that it currently has five million fintech users in Nigeria and is targeting 30 million, according to new reporting. The stated ambition signals the group's mobile money expansion strategy across West Africa, offering a read-through to how MTN may approach growth for its Ghana MoMo platform.

1 source

MTN has 5 million fintech users in Nigeria. It wants 30 million. · techcabal.com · T1

Story timeline · 10 entries

Sep 11, 2026
MTN Ghana Eyes Informal Sector
MTN Ghana operationalises group-wide MoMo conversion ambition with a specific informal-sector digital payments push targeting Ghana's cash-lite economy goals.
Sep 10, 2026
MTN Nigeria Hits 100M Subscribers
MTN Nigeria's 100-million-subscriber milestone adds a concrete scale benchmark to MTN MoMo's group-wide push to convert all 317 million MTN subscribers into active mobile-money users.
Sep 5, 2026
MTN MoMo Eyes 317M Users
MTN MoMo head Serigne Dioum outlines plan to convert all 317 million MTN subscribers into MoMo users, extending the group's documented mobile money expansion strategy.
Sep 2, 2026
MTN MoMo Eyes South Africa Cash
MTN moves to test MoMo proposition in South Africa, extending the group's documented mobile money expansion strategy.
Aug 28, 2026
Govt Rejects MTN Donation Offer
Ghana government formally declines MTN Ghana's GH¢20m offer, escalating tension in MTN-government relationship.
Aug 26, 2026This story
MTN Eyes 30M Nigeria Fintech Users
MTN Nigeria sets explicit 30 million fintech user target, clarifying the expansion playbook relevant to Ghana MoMo strategy
Aug 26, 2026
MTN Launches Standalone Data Centre Unit
MTN's new data centre company surfaces as a distinct infrastructure play with potential Ghana read-through given the group's regional footprint
Aug 25, 2026✦ Take
MTN Buyback; Ghana Revenue Star
MTN Group approves $375M share buyback after profit rise, with Ghana named explicit top revenue contributor
Aug 24, 2026
MTN Ghana's GH¢20M Xenophobia Relief
MTN Ghana announces GH¢20m support package for Ghanaians returning from South Africa amid xenophobia fallout, while board chair Yamson apologises for the company's delayed condemnation of the attacks and publicly warns against economic retaliation targeting the telco.
Aug 21, 2026
MTN Chair Urges Ghana Stability Decade
MTN Ghana board chair Dr Yamson has challenged the government to sustain economic stability for ten years rather than four, warning against short-term fixes and arguing that food inflation has historically not responded to monetary interventions. Separately, Dr Yamson expressed confidence in the Mahama administration's economic management and backed the Gold for Reserves strategy, framing macroeconomic credibility as foundational to long-term technology and ecosystem investment.