Mobile operator MTN Rwanda has great ambitions for the mobile and online financial services market in Rwanda. The telecoms company wants to create a subsidiary specifically dedicated to this business segment for this purpose, in which it sees many business opportunities. The new company will attempt to be more agile in the face of fintech trends, hence its autonomous structure.
According to Mitwa Ng’ambi, the CEO of MTN Rwanda, mobile money, which was initially created as a department within MTN Rwanda, is no longer sufficient on its own to meet the needs of consumers, which have diversified over the years due to changes in consumption habits and the appearance of new technologies.
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“Where we are today, we see the future of digital finance, fintech, so much bigger than what we are today,” she said.
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Mitwa Ng’ambi said discussions have already been initiated with the Central Bank of Rwanda to establish the requirements and characteristics of this new venture. The boss of MTN Rwanda stressed that the deadlines for the creation and constitution of the new company have not yet been determined. With its Fintech subsidiary, MTN Rwanda could develop new products adapted to new uses.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer
MTN Rwanda Fintech MTN Rwanda Fintech