MTN splits MoMo to boost Fintech growth
As MTN shareholders and investors continue to monitor developments, all eyes are on the telecom giant's bold decision to separate its mobile money arm, MTN MoMo, from its parent technology company. The move, known as the MTN split, aims to position MoMo as a standalone fintech entity, with a focus on accelerating growth in the digital financial services space. Richard Yego, the CEO of MTN MoMo, believes the move will significantly enhance the company’s ability to innovate and provide more value to its customers.
