MTN says its mobile money operation worth $6bn

MTN says its mobile money operation worth $6bn

MTN says its mobile money operation worth $6bn   South Africa-based MTN, the mobile phone company, has plans to value its mobile money arm at over $5 billion, a report from Financial Times (FT) says. The company is preparing to sell or list a minority stake in order to draw more global investors, who are seeking to capitalize on quickly-growing FinTech assets. MTN currently has 280 million global subscribers and added almost 12 million new users to its mobile money arm for a total of over 46 million in 2020. Ralph Mupita, company…

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