MTN Rwanda creates new FinTech subsidiary

4 May 2021

MTN Rwanda has set up a new unit dedicated to its mobile financial business. The creation of Mobile Money Rwanda has been approved by the Central Bank of Rwanda, Ecofin reports. MTN already provides mobile payment services under the name MoMo, which was launched in 2010.

Mitwa Ng’ambi, President and CEO of MTN Rwanda, said: ‘One of the key pillars of our strategy is to establish platforms that our clients find valuable. This restructuring will ensure that the Mobile Money business remains agile, well prepared for future growth and accelerated innovation.’

Rwanda, MTN Rwanda