MTN's MoMo Surge Masks Fintech Security Cracks as Regulatory Tensions Rise

MTN's mobile money platform MoMo now has 70.8 million monthly active users, with transaction value surging 33.8% to $330.5 billion in H1 2026. This explosive growth confirms that mobile money is Nigeria's financial inclusion engine, driven by 1.4 million active agents and 2.3 million fintech merchants.

Noise

Headlines celebrate MTN's $2.2 billion acquisition of IHS Towers, but the regulatory catch is telling: Nigeria's competition watchdog mandated MTN sell up to **30% of...