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MTN Eyes Banking License in South Africa’s Evolving Financial Landscape

December 16, 2024
1 min read
Author: Joyce Onyeagoro

MTN Eyes Banking License in South Africa’s Evolving Financial Landscape

MTN is set to pursue a banking license once the South African Reserve Bank (SARB) opens the national payments system to fintech and non-banking entities.

This development marks a significant shift in the financial landscape, as reported by Sunday Times .

The move could aligns with MTN’s broader strategy to expand its financial services offerings and solidify its role in South Africa’s digital economy.

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