MTN proves doubters wrong by notching up 5-million mobile money users in SA

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MTN proves doubters wrong by notching up 5-million mobile money users in SA
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Cellular services giant continues to defy doubts about its decision to reboot its once-failed payments business

Cellular services giant MTN continues to defy doubts about its decision to reboot the once failed mobile payments business in SA by rapidly growing it to about 5-million customers, despite increased pressure on consumers due to rising inflation and unemployment.

With declining voice revenues and data margins squeezed by public pressure and regulations, mobile operators have been looking at other ways to create revenue streams from their large customer bases...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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