The MTN Group has stated that its fintech division, MoMo, seeks to bring on more investors.
This disclosure comes one day after the big agreement, in which payment processor Mastercard agreed to buy a small share in MoMo, was made public by the telecom giant. The current market value of MoMo is a staggering $5.2 billion.
CEO Ralph Mutipa provided insight into the corporation’s upcoming move regarding the deal when he remarked, “We are open to selling up to a maximum of 30% of the fintech business.”
