I think it's a great idea for the partnership between MTN and MoneyGram to offer its supporter in Cameroon the benefit of getting worldwide remittances through MoneyGram.
MTN Mobile Money (MoMo) subscribers in Cameroon can now receive international money transfers through MoneyGram directly into their mobile wallets. This is thanks to a recent partnership between MoneyGram and MFS Africa, which extends the inbound international money transfer service to MTN MoMo payment accounts on new channels.
This article shows how partnerships are essential for the growth of a company. MTN Mobile Money is already a successful and high growing fintech service with over 22.2 million subscribers in over 15 countries. Even with its established success, MTN needed the partnership between MoneyGram and MFS Africa to offer its subscriber in Cameroon the benefit of receiving international money transfers through MoneyGram. This partnership will allow MoMo to capture new revenue streams.
MTN has 232 million mobile subscribers and 20 million mobile money subscribers throughout operations in Afghanistan, Benin, Botswana, Cameroon, Côte d’Ivoire, Cyprus, Ghana, Guinea Bissau, the Republic of Guinea, Iran, Liberia, Nigeria, the Republic of Congo (Congo-Brazzaville), Rwanda, South Africa, Sudan, South Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. MTN’s vision is to lead the delivery of a bold new digital world by building a best-in-class experience for customers.
Founded in 1994, the MTN Group is a pan-African mobile and telecommunications operator.
MTN is headquartered in Johannesburg, South Africa, and listed on the JSE Securities Exchange under share code MTN.
The performance of MTN indicates that individuals believe in digitalization. People have recognized that the planet is heading towards a digital future and want to get acquainted with the latest technology, and MTN is a perfect example of that.
MTN success shows that people do believe in digitalization. People did accept that the world is heading towards a digitalized future and want to get familiar with the newest technologies and MTN is a great example of that.
MTN is a telecommunications operator that was founded in 1994, which was successful as I believe it has predicted that fintech is the future of financial services