MTN considers banking licences as Africa's biggest telecom operator moves closer to ...

MTN Group is considering obtaining banking licences in select African countries to expand from mobile money into lending using its own balance sheet, moving beyond partnerships with banks. This strategic shift could allow MTN to directly accept deposits and finance loans, increasing its role in financial services but also exposing it to new regulatory and credit risks.

This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it.