MTN Group Fintech has partnered with Ant International to accelerate the transformation of its mobile money business, starting with the launch of a new super-app platform in Nigeria next quarter as Africa’s largest wireless carrier by subscribers seeks to deepen digital inclusion and expand its financial services ecosystem.
The agreement will see MTN integrate Ant International’s technology into its mobile money platform, MoMo, enabling enhanced ecosystem integration through a mini-app platform, stronger fraud prevention tools and expanded engagement features for consumers and merchants.
The move is an efforts to strengthen MTN’s position in Africa’s fast-growing digital payments market, where mobile money services have become a critical tool for financial inclusion. The company said the partnership would help build a more resilient and future-ready digital ecosystem around MoMo, supporting financial, lifestyle and commerce services within a single platform.
“This partnership aligns with MTN Group’s ambition of leading digital solutions for Africa’s progress by leveraging scale, technology and strong global partnerships,” said MTN Group President and CEO Ralph Mupita. “It reflects our commitment to transforming the customer experience at scale by delivering a more seamless, secure and intuitive MoMo platform that advances digital inclusion and expands economic participation.”
The transformation is expected to improve the user experience in Nigeria through faster transactions, greater reliability and deeper integration across financial and commerce services. Customers will be able to access payments, savings and value-added services through a unified digital environment.
Ant International President Douglas Feagin said the partnership combines the strengths of both companies to expand access to digital financial services.
“We are proud to support MTN Group Fintech in advancing its transformation journey. By combining MTN’s deep market insight with our advanced technology capabilities, we aim to help create a more inclusive, secure and scalable digital financial services environment that benefits both consumers and merchants in-country,” Feagin said.
MTN Group Fintech Chief Executive Officer Serigne Dioum described the agreement as a key step in the company’s technology strategy.
“This partnership marks an important milestone in our ambition to help shape Africa’s digital financial future through our One Big Tech strategy,” he said.
The initiative also reinforces MTN Group Fintech’s focus on expanding financial inclusion and economic empowerment across Sub-Saharan Africa, a region identified by the GSMA as the world’s most active mobile money market.
MTN said the upgraded platform will position MoMo to deliver more accessible and intelligent financial services while supporting broader economic participation across the continent.
