MTN Group Reports Surge in Fintech Transactions Amid Profit Decline

MTN Group Ltd. has revealed a substantial increase in fintech transaction volumes, despite experiencing a notable decline in profits attributed to the devaluation of the Nigerian naira. The company boasts a significant user base of 72.5 million active users for its mobile-money services, also known as MoMo. In addition, MTN Group recently finalized a deal with Mastercard Inc., which has valued the business at an impressive $5.2 billion.