MTN Rwanda recently received approval from the National Bank of Rwanda to set up its FinTech subsidiary, Mobile Money Rwanda to provide and manage Mobile Money services in Rwanda.
With this step, MTN Rwanda is in line to achieve its strategy to lead digital solutions while contributing to the national economic strategy on enhancing cashless transactions that offer convenience and security to all Rwandans.
As leadership, Chantal Kagame has been appointed as its CEO to drive business development, strategy, innovation, and day to day operations of the company.
MTN already provides mobile payment services under the name MoMo and the establishment of Mobile Money Rwanda will not in any way affect nor change the delivery of services to current Mobile Money customers, said the operator. Mobile Money customers will continue to enjoy access to the wide range of MoMo products and services, the over 30,000 Mobile Money agents and 60,000 MoMoPay merchants across the country.
MTN Rwanda CEO, Mitwa Ng’ambi, said, “We are very glad to announce the establishment of Mobile Money Rwanda as a wholly owned subsidiary of MTN Rwanda. One of the key pillars in our strategy is to establish platforms that our customers find valuable.”
Chantal Kagame, In-coming CEO, Mobile Money Rwanda, said, “The prospects for future growth and expansion of Mobile Money services in Rwanda are immense. Our commitment is to enhance the MoMo user experience and keep innovating products and services aligned with our digital ambition.”
