As of 2022, MTN Nigeria had nearly 15 million individuals subscribed to their mobile money (MoMo) service. In the previous year, the MoMo subscriber base stood at around 9.4 million.
In 2022, the company created the MoMo Payment Service Bank Limited (MoMo PSB), intended to facilitate high-volume low-value transactions in remittance services, micro-savings and withdrawal services which would further expand financial inclusion in the country.
Number of mobile money (MoMo) subscribers of MTN Nigeria from 2018 to 2022
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Number of subscribers in millions
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MTN Group (Nigeria). (July 31, 2023). Number of mobile money (MoMo) subscribers of MTN Nigeria from 2018 to 2022 (in millions) [Graph]. In Statista. Retrieved September 04, 2024, from https://www.statista.com/statistics/1482325/number-of-mtn-momo-subscribers-in-nigeria/
MTN Group (Nigeria). "Number of mobile money (MoMo) subscribers of MTN Nigeria from 2018 to 2022 (in millions)." Chart. July 31, 2023. Statista. Accessed September 04, 2024. https://www.statista.com/statistics/1482325/number-of-mtn-momo-subscribers-in-nigeria/
MTN Group (Nigeria). (2023). Number of mobile money (MoMo) subscribers of MTN Nigeria from 2018 to 2022 (in millions). Statista. Statista Inc.. Accessed: September 04, 2024. https://www.statista.com/statistics/1482325/number-of-mtn-momo-subscribers-in-nigeria/
MTN Group (Nigeria). "Number of Mobile Money (Momo) Subscribers of Mtn Nigeria from 2018 to 2022 (in Millions)." Statista, Statista Inc., 31 Jul 2023, https://www.statista.com/statistics/1482325/number-of-mtn-momo-subscribers-in-nigeria/
MTN Group (Nigeria), Number of mobile money (MoMo) subscribers of MTN Nigeria from 2018 to 2022 (in millions) Statista, https://www.statista.com/statistics/1482325/number-of-mtn-momo-subscribers-in-nigeria/ (last visited September 04, 2024)
Number of mobile money (MoMo) subscribers of MTN Nigeria from 2018 to 2022 (in millions) [Graph], MTN Group (Nigeria), July 31, 2023. [Online]. Available: https://www.statista.com/statistics/1482325/number-of-mtn-momo-subscribers-in-nigeria/