MTN Nigeria’s Fintech arm is fast becoming the telecom giant’s new growth engine, generating ₦43 billion in revenue every quarter, a scale few banks can match.
The company’s latest financials show total revenue of ₦3.7 trillion and pre-tax profit of ₦1.1 trillion for Q3 2025, marking a full rebound from its foreign exchange crisis just seven quarters ago.
While data and voice still drive most earnings, MTN’s Fintech division, comprising MoMo Payment Service Bank and Y’ello Digital Financial Services, is stealing the spotlight. In the first nine months of 2025 alone, it raked in ₦131.6 billion, up 72.5 per cent year-on-year.
MTN has built one of Nigeria’s largest digital finance ecosystems by leveraging its 85.4 million subscribers and vast agent network. Its Fintech strategy focuses on expanding active wallets (now 2.9 million), boosting transaction volumes, and embedding financial inclusion into everyday life through mobile payments, microloans, and insurance.
Industry analysts say MTN’s early bet on digital finance licences is paying off. With its Payment Service Bank and Super-Agent approvals, it’s now positioned to compete directly with traditional banks, offering faster, more accessible financial services nationwide.
