Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Zopa expands its integrated finance services by acquiring payment solutions from AI startup RVVUP – TFN.

September 3, 2025

Is the $526 million IPO in technology funding a strategic move for the 2025 cryptocurrency market?

September 3, 2025

Zopa purchases an AI payments firm to enhance retail financing operations.

September 3, 2025

The incident involving the Kaustubh Kulkarni movement in Moomoo

September 3, 2025
Facebook X (Twitter) Instagram
Trending
  • Zopa expands its integrated finance services by acquiring payment solutions from AI startup RVVUP – TFN.
  • Is the $526 million IPO in technology funding a strategic move for the 2025 cryptocurrency market?
  • Zopa purchases an AI payments firm to enhance retail financing operations.
  • The incident involving the Kaustubh Kulkarni movement in Moomoo
  • Startup Fintech Wych secures $1.5 million to pursue its open banking initiative.
  • Singapore project leads to AI compliance, according to Napier AI
  • Greatest strategic recovery and the outlook for investor involvement
  • German fintech Tangany secures 10 million euros for blockchain digital asset custody
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    Klarna IPO Valuation Analysis in the US Banking Sector

    September 2, 2025

    Robinhood’s IA Investing Tool Digests Launches in the UK

    August 27, 2025

    JMJ Fintech experiences fluctuations despite robust recent financial results and growth strategies

    August 16, 2025

    Revolutionizing Financial Independence through Cryptocurrency Adoption

    August 16, 2025

    Reasons Robinhood is poised for long-term growth in the evolving FinTech and cryptocurrency sectors.

    August 16, 2025
  • AI

    Zopa expands its integrated finance services by acquiring payment solutions from AI startup RVVUP – TFN.

    September 3, 2025

    Zopa purchases an AI payments firm to enhance retail financing operations.

    September 3, 2025

    Singapore project leads to AI compliance, according to Napier AI

    September 3, 2025

    Greatest strategic recovery and the outlook for investor involvement

    September 3, 2025

    A rapidly expanding financial dataset in a growing market

    September 2, 2025
  • Acquisitions

    The incident involving the Kaustubh Kulkarni movement in Moomoo

    September 3, 2025

    Overview of Acquisitions for US Fintech Companies from the Clifford Chance Guide

    September 2, 2025

    Dentons guides PEAC Solutions in acquiring Fintech Topi

    August 29, 2025

    Truckstop.com purchases the denim division of the transport finish company

    August 24, 2025

    The funding strategy for the Fintech company is secured.

    July 31, 2025
  • Trends

    South Korea’s Fintech Market Overview, Trends, and Growth Predictions

    August 30, 2025

    Vietnam’s fintech market projected to exceed 50 billion USD by 2030.

    August 21, 2025

    Silicon Valley Bank’s 2024 Fintech Report offers insights on funding trends, capital transactions, evaluations, and opportunities, including the growing focus on AI, as of October 31, 2023.

    August 18, 2025

    Future Fintech advances in the virtual asset industry by applying for a VSP license in Hong Kong.

    August 17, 2025

    A Driving Force for Fintech 2.0

    August 17, 2025
  • Insights

    Canton RestitySteve Forbes and Peter Schiff Headline New Fintech.tv Series Riding Bulls and Taming Bears Led by David Stryzewski New York, NY / Access Newswire / August 25, 2025 / Fintech.tv has unveiled the debut of Bulls and Taming Bears, a series focused on market analysis and…

    August 28, 2025

    Steve Forbes and Peter Schiff Launch New Fintech.tv Series “Conquering Market Fluctuations” by David Stryzewski – Azentral | The Republic of Arizona

    August 28, 2025

    Updates on Blockchain, Fintech, and Finance from Coinlaw

    August 26, 2025

    The German Finch grape addresses LMA issues following the bafin correction order.

    August 26, 2025

    CM Majhi introduces i-gftch and bharatnetra to enhance Odisha’s fintech ambitions

    August 23, 2025
  • Rumors

    Golden State Warriors aim to gain $40 million from Chicago Bulls star in Jonathan Kuminga sign-and-trade deal

    September 2, 2025

    Exclusive: IQSTEL Télécom -Fininch secures $35 million in July – IQSTEL (NASDAQ: IQST)

    August 28, 2025

    Zim discusses market speculation about a possible acquisition.

    August 27, 2025

    Is Ripple truly collaborating with a Swiss bank on digital identity?

    August 26, 2025

    Market Impact and Strategic Prospects

    August 15, 2025
  • Startups

    Startup Fintech Wych secures $1.5 million to pursue its open banking initiative.

    September 3, 2025

    German fintech Tangany secures 10 million euros for blockchain digital asset custody

    September 2, 2025

    CARF compliance as a crucial advantage for fintech startups in 2025

    September 2, 2025

    Egyptian fintech startup Munify raises $3 million to boost market growth.

    September 2, 2025

    The Swiss fintech platform Allasso secures 2.5 million euros to offer comprehensive analysis, data comparison, and optional trading services.

    September 1, 2025
  • finjobsly
fintechbits
Home » MTN reports a decline in portfolio but notable increases in income
Breaking News

MTN reports a decline in portfolio but notable increases in income

3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Mtn reports a decline in portfolio but notable increases in
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

MTN Nigeria Adjusts Fintech Strategy Amid Portfolio Decline

MTN Nigeria is revamping its fintech strategies in response to a substantial decline in active portfolios on its MoMo Payment Bank (PSB) platform. The first quarter of 2025 revealed that active MoMo accounts dropped to 2.1 million, marking a steep decrease of 55.6% from 4.8 million in the same period of 2024 and a 25% decline from 2.8 million reported in the last quarter of 2024.

Insights from Financial Results

According to its preliminary financial results, MTN attributed the decline in portfolio activity to a strategic focus on enhancing the quality of its fintech ecosystem. “This approach allowed us to onboard higher-value customers and improve float levels, thus fostering the overall health and sustainability of the ecosystem,” the company stated.

Commitment to Financial Inclusion

MTN Nigeria’s CEO, Karl Toriola, emphasized the company’s ongoing commitment to promoting financial inclusion. As part of this vision, MTN is set to launch a targeted strategy aimed at extending digital financial services into underserved rural communities.

Plans for Rural Expansion

“We are prepared to invest and intensify our efforts to acquire high-quality markets, particularly in rural areas that are underserved, in line with our financial inclusion objectives. These initiatives align with our strategic goal of developing a more robust, inclusive, and scalable digital financial ecosystem,” added Toriola.

Strong Growth in Other Fintech Operations

Despite the decline in MoMo portfolios, MTN experienced remarkable growth in other aspects of its fintech operations. The number of agents within the MoMo network surged by 47.7%, while the merchant base witnessed a notable increase of 23.6% compared to figures from December 2024.

Fintech Revenue Surge

Fintech revenues for MTN jumped by 57.9% year-on-year, climbing from 22.8 billion naira in the first quarter of 2024 to 36 billion naira in the first quarter of 2025. This significant uplift has primarily been attributed to the success of its micro-loan product, XTRATHE, as well as enhanced revenue streams and a strategic focus on acquiring more valuable customers.

Improvements in Customer Engagement

Furthermore, MTN highlighted that enhancements made to its customer acquisition strategies—initiated in the third quarter of 2024—have optimized incentives, boosted customer engagement, and reinforced performance across sales and distribution channels.

Digital Services Achieve Remarkable Growth

MTN’s digital services segment also reported a remarkable 92.1% growth in revenue, driven by increased demand for rich media content and improvements in user experience. Although the number of users for media-based services (excluding Ayoba) declined from 19.4% to 7.9 million since December 2024 due to platform optimization, the company emphasized an enhancement in overall user engagement.

In the first quarter of 2025, MTN Nigeria generated substantial income figures, amounting to 1 trillion naira, largely due to a price adjustment implemented in mid-February. This represents a 40.5% year-on-year increase compared to 752.9 billion naira reported in the first quarter of 2024. The company also returned to profitability, achieving a profit after tax of 133.7 billion naira, a significant turnaround from the loss of 392.7 billion naira incurred during the same period last year.

decline income increases MTN notable portfolio reports
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Klarna IPO Valuation Analysis in the US Banking Sector

September 2, 2025

Robinhood’s IA Investing Tool Digests Launches in the UK

August 27, 2025

JMJ Fintech experiences fluctuations despite robust recent financial results and growth strategies

August 16, 2025
Leave A Reply Cancel Reply

Latest news

Zopa expands its integrated finance services by acquiring payment solutions from AI startup RVVUP – TFN.

September 3, 2025

Is the $526 million IPO in technology funding a strategic move for the 2025 cryptocurrency market?

September 3, 2025

Zopa purchases an AI payments firm to enhance retail financing operations.

September 3, 2025
News
  • AI in Finance (1,569)
  • Breaking News (166)
  • Corporate Acquisitions (70)
  • Industry Trends (197)
  • Jobs Market News (305)
  • Market Insights (207)
  • Market Rumors (267)
  • Regulatory Updates (164)
  • Startup News (1,030)
  • Technology Innovations (168)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,569)
  • Breaking News (166)
  • Corporate Acquisitions (70)
  • Industry Trends (197)
  • Jobs Market News (305)
  • Market Insights (207)
  • Market Rumors (267)
  • Regulatory Updates (164)
  • Startup News (1,030)
  • Technology Innovations (168)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.