MTN Group's mobile money platform, MoMo, processed $500.3 billion in total transaction value during 2025, crossing the half-trillion-dollar threshold for the first time and cementing its position as one of the largest mobile financial services operations globally. The figure represents a 37.6% increase in constant currency terms and a 55.7% rise on a reported basis from $321.3 billion recorded in 2024, reflecting both organic volume growth and the tailwind of currency dynamics across MTN's diverse market footprint.
Monthly active users grew 10% year-on-year to reach 69.5 million across MTN's markets, underlining the platform's continued penetration of populations that remain underserved by conventional banking infrastructure. The results were disclosed as part of MTN Group's review of its fintech segment, which has become an increasingly central pillar of the group's overall strategic identity.
LENDING VOLUME SURGES AS CREDIT PRODUCTS SCALE
The total value of loans facilitated through MoMo surged 80.4% to $3.5 billion during the year, driven by the MoMo Advance product and a marketplace lending channel that connects borrowers with third-party lenders operating through the platform. The lending expansion reflects MTN's deliberate strategy of layering financial services — credit, insurance, and savings — onto its payments infrastructure, rather than limiting MoMo to basic transfer and bill-payment functionality.
MTN fintech revenue reached approximately $1.7 billion for the year, with EBITDA margins in the mid-to-high 30% range. Those margins position the fintech segment as one of the more structurally attractive businesses within the broader MTN group, particularly as the traditional mobile voice and data markets face pricing pressure and market saturation in several of MTN's African territories.
In Ghana, the removal of the government's e-levy on mobile money transactions provided a direct stimulus to volumes. MTN reported a 26% increase in transaction activity in Ghana following the abolition of the levy, a result that illustrates how sensitive mobile money usage is to transaction cost levels and how critically important regulatory and tax policy is in shaping platform economics and consumer behaviour.
AFRICA'S MOBILE MONEY LEADER EYES DEEPER FINANCIAL SERVICES
MoMo operates across multiple African markets in which conventional banking penetration remains comparatively low, giving the platform a structural growth runway that differs materially from mobile financial services operations in more banked economies. The ability to onboard merchants, disburse loans, and facilitate cross-border remittances through a single application continues to widen the operational gap between MoMo and smaller regional competitors who lack equivalent scale or geographic reach.
The $500.3 billion transaction value milestone places MoMo in the same conversation as significant emerging-market payment platforms when measured by gross volumes processed, though the average transaction size in MTN's African markets is considerably lower than in wealthier economies, reflecting the preponderance of small-value everyday payments and peer-to-peer transfers that constitute the bulk of MoMo's volume.
MTN has not specified numerical targets for MoMo's next operational cycle but has indicated that marketplace financial services — including insurance products and savings vehicles distributed through the platform — represent the clearest priority growth areas, alongside deeper penetration of merchant payment acceptance and remittance corridors across the African markets in which MoMo already has an established user base.