Wednesday, 05 October, 2022

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MTN’s Goal To Be Africa’s API Gateway With 300m Mobile Subscribers


The chief strategy and transformation officer, MTN Group, Mr. Chika Ekeji said the technology company wants to become Africa’s number one Application Programme Interface (API) gateway for fintechs, banks and business and Network as a service (NaaS) platform by the year 2025.

Africa’s leading mobile network operator which has been investing heavily in infrastructure across its operations plans to become the leading player in the fintech solutions (Momo), digital finance (Ayoba), enterprise services, network as a service (NaaS) and API marketplace (Chenosis) spaces over the next three years.

Ekeji stated this in a presentation made to MTN Media Innovation Programme Fellows who visited the company’s headquarters in Fairlands, Johannesburg, South Africa as part of their study trip to University of Witswatersrand and MTN Group, titled Ambition 2025: Leading digital solutions for Africa’s progress.

On its platform business, MTN intends to connect 100 million mobile money (MoMo) users, 100 million Ayoba users, $0.5 billion enterprise service revenue, become number one Africa’s NaaS platform and API gateway respectively.

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