MTN Bolsters Mobile Financial Services Business During COVID-19

MTN, as part of its Y’ello Hope response to COVID-19, has zero-rated 120 million peer-to-peer Mobile Money transactions with a value of approximately R43 billion.

This trend has been supported by the move by many operators, including MTN Group, to waive or reduce certain fees to ease customers’ financial pressures amid a global economic contraction, says Serigne Dioum, MTN Group executive for mobile financial services.