MTN Uganda’s Post

Jazz, along with JazzCash, Mobilink Microfinance Bank Ltd, and its digital services, has reported an impressive 27.7% year-over-year revenue growth in USD terms for Q2 2024. This achievement highlights the success of its newly implemented ServiceCo structure, which enables a focused and agile response to the evolving needs of customers in fintech, cloud services, IT, and more. Key Highlights: 1. 71.4 million cellular subscribers and 63.3 million monthly active digital service users. 2. A dominant 45% revenue market share in cellular services. 3. JazzCash saw an extraordinary 83% YoY service revenue growth. 4. Tamasha, Jazz's entertainment platform, achieved a 7.7x YoY revenue increase. 5. Garaj (Jazz Business), continues to drive digitalization for Pakistani enterprises. These milestones underscore Jazz’s commitment to building robust digital infrastructure and driving Pakistan’s digital transformation. The company’s efforts have significantly contributed to VEON’s overall revenue, solidifying its leadership position in the market. #digitalpakistan #quarterlyresults

Jazz’s Q2 2024 report shows a 27.7% revenue growth and solid market leadership, driven by 71.4 million cellular subscribers, JazzCash’s 83% growth, and significant digital service user engagement. The company’s strategic ServiceCo structure has effectively propelled Pakistan’s digital transformation.

Excited to share Adil Dirie's insights on how #mobilemoney and #devicefinancing can build critical bridges to close the digital divide! 🌐 In many low- and middle-income countries, access to #smartphones remains a challenge due to several barriers including digital literacy and affordability. That’s where strategising the right product proposition that delivers real value to users can make the difference to empower individuals to access essential technology while managing their finances responsibly. We supported joint telecom-fintech operator Dialog Axiata PLC eZ Cash with #designthinking and global market #benchmarking to define a product proposition that truly meets the needs of their user communities. Some key findings from the #productdiscovery: 📱 Value - Don’t just sell devices, deliver value for users. Educate customers about the value of owning a smartphone and what relevant use the mobile internet has for them. Expand low-end smartphone offerings (in partnership with manufacturers) and increase the relevance for users, e.g. by bundling devices with complementary offerings like data, digital and financial services. 🚦 Risk - Leverage innovative #creditscoring for people without formal credit histories. Un(der)banked people may not have a formal financial history, but data about their telecom and mobile money usage can close this gap in underwriting. Providers sit on a data treasure trove to do so. 💸 Pricing - Package the offering with the right #pricing parameters under Pay as you Go (#PAYGo) or Buy Now Pay Later (#BNPL) models. For instance, consider lowering required down payments, providing flexible and adjustable repayment terms, and providing buy-back schemes. This isn't just about owning a device; it's about unlocking opportunities for education, employment, and connectivity. Let's work together to make technology accessible to all, driving inclusive growth worldwide! Thank you Ideate Innovation for your excellent work. Thank you Sachini de Silva | Andrew Ariaratnam | Lasantha Theverapperuma | Nazeem Mohamed | Supun Weerasinghe for your sponsorship and trust in this project. I look forward to following closely how the product evolves! This work was generously sponsored by the Bill & Melinda Gates Foundation - Matthew Bohan | Kosta Peric. Adil Dirie | Madiha Parvez | Ashley Olson Onyango - GSMA - Mobile for Development | #DigitalInclusion #FinTechForGood

🚀 Jazz's Q3 2024: Driving Pakistan's Digital Transformation through ServiceCo Innovation and Growth 🚀 Jazz, together with JazzCash, Mobilink Microfinance Bank Ltd (MMBL), and its digital platforms, proudly announces exceptional financial growth for Q3 2024. This progress underscores the strength of our strategic shift to a ServiceCo model, enabling us to meet Pakistan's evolving digital needs in fintech, cloud, data centers, software, and connectivity. ✨ Key Highlights: – A 22.6% Revenue Growth 📈 Jazz’s digital-first approach reflects a commitment to transforming lives, with a focus on women and youth. - JazzCash Success 💳 An 85.5% YoY revenue surge, with EBITDA reaching PKR 3.2 billion, bolsters our role in digital financial inclusion. - 4G Expansion 📲 Our user base grew to 49.4 million (+14.5% YoY), amplifying digital access across Pakistan. - Innovation Milestones 🌍 Tamasha streamed Pakistan’s Test Cricket matches across Africa and India, while Simosa App maintained its lead as the top lifestyle app on Google Play. As we celebrate our 30th anniversary, these milestones are a testament to our mission of creating a digitally inclusive future for Pakistan. #DigitalPakistan #FinancialInclusion #Innovation #JazzCash #Tamasha #ServiceCo #SustainableGrowth

MTN MoMo Partners with Investec for PayShap Integration. MTN’s Mobile Money (MoMo from MTN) platform is set to introduce the PayShap instant payments system, a partnership with Investec and Electrum. This collaboration positions MTN MoMo as the first non-banking entity to offer PayShap, targeting a gap in financial services for the unbanked population in South Africa. Investec will serve as the banking partner, facilitating the financial aspects of the service, while Electrum will handle the technical implementation. PayShap originates from the industry-led Rapid Payments Programme, aiming to provide a real-time, interbank digital payment alternative to cash. The initiative draws inspiration from successful global payment models such as Reliance Jio and UPI AutoPay in India, where a substantial majority of transactions are processed through similar rapid payment systems. The integration is poised to transform the digital payments landscape in South Africa, enhancing financial inclusivity and connecting more people to mobile payment solutions. #MTNMoMo #PayShapIntegration #InvestecPartnership #ElectrumTech #DigitalPaymentsZA #MobileMoney

𝐌𝐨𝐌𝐨 𝐏𝐒𝐁 𝐩𝐨𝐢𝐬𝐞𝐝 𝐭𝐨 𝐜𝐨𝐦𝐩𝐞𝐭𝐞 𝐰𝐢𝐭𝐡 𝐎𝐏𝐚𝐲, 𝐏𝐚𝐲𝐬𝐭𝐚𝐜𝐤 MTN Nigeria's MoMo Payment Service Bank (MoMo PSB) is making a strategic expansion beyond traditional payment service bank limitations by applying for PSSP and PTSP licenses. This move is a big deal because MoMo, which already serves millions through its mobile money platform, would be able to process backend payments and manage payment terminals - capabilities typically reserved for full-service financial institutions. This expansion could fundamentally alter Nigeria's fintech landscape, where MTN has already established itself as a major player in mobile money services since launching MoMo PSB in 2022. Traditionally, PSBs like MoMo have been limited to offering simple accounts and facilitating cashless transactions in underserved areas. MoMo's pursuit of these licenses signals its ambition to leverage MTN Nigeria's extensive network and customer base to drive digital financial services comparable to those of OPay and Paystack. MTN Nigeria recently acquired the remaining 7.17% stake in MoMo PSB for ₦6.95 billion, achieving full ownership.

JazzCash, Pakistan's primary mobile wallet, is leading the nation's shift towards digital payments with its user-friendly platform, serving over 44 million registered users. Over the past year, millions have relied on JazzCash to settle utility bills, surpassing PKR 11 billion in transactions. While initially more popular in urban areas, JazzCash is increasingly embraced in rural communities, promoting financial inclusion across Pakistan. Its diverse services, from bill payments to money transfers, simplify financial transactions and reduce reliance on cash. Additionally, JazzCash's digital initiatives align with the government's vision for a modern, digitized economy, fostering transparency, reducing costs, and supporting small businesses' growth. #clickmepakistan #pakistanis #JazzCash #utilitybills

A New Era: Introducing Mixx by Yas    We’re excited to unveil our new identity: Mixx by Yas! This rebrand marks a pivotal moment in our journey, reflecting our growth from a mobile money partner to a leader in innovative financial solutions for consumers, SMEs, and businesses across Africa.  While this rebranding applies to Tigo Pesa, TMoney and Free Money, MVola will continue to operate under its current identity, preserving its legacy and unique connection with its customers.    At Mixx by Yas, we are driven by our mission to increase financial inclusion, empower communities, and inspire innovation. Our transformation is just the beginning—exciting new products and services are on the way to meet the evolving needs of our customers.    We believe there has never been a better time for Africa. The future is full of opportunities, and we’re here to help unlock the potential of a digitally connected continent—one transaction, one innovation, one empowered individual at a time.    Mixx by Yas is a true ally to the dreamers, the hustlers, and the changemakers of today and tomorrow. Together, we will shape the future of finance, celebrate our successes, and create a world of digital possibilities for everyone.    The future is bright, and we’re excited to build it together.    #Rebrand #Fintech #Innovation #FinancialInclusion #Africa #CustomerCentricity #MixxByYas #FutureOfFinance #Axian 

Jazz, alongside JazzCash, Mobilink Microfinance Bank Ltd, and other VEON Group digital entities, has reported impressive growth in Q3 2024. These results reflect Jazz’s focus on meeting Pakistan’s increasing demand for #digital services and its successful shift to a ServiceCo model. The company’s revenue grew by 22.6% year-on-year (YoY), powered by its digital-first approach. Jazz’s #4G user base expanded to 49.4 million (+14.5% YoY), with 69.1% 4G penetration. The DO1440 strategy helped boost high-value customer #engagement, increasing multiplay users by 23% YoY. JazzCash and MMBL were standout performers, driving significant digital #growth. JazzCash revenues grew by 85.5% YoY, with its EBITDA jumping to PKR 3.2 billion, while MMBL’s revenues rose by 56.3% YoY, and its EBITDA reached PKR 4.5 billion, up 124% YoY. CEO Aamir Ibrahim highlighted Jazz’s mission to transform lives through #technology, especially for women and youth. He shared how the company is fostering #financial inclusion and creating opportunities that make a real difference in people’s lives. From JazzCash to Tamasha and MMBL’s award-winning campaigns, Jazz continues to build a digital ecosystem that’s shaping a more #connected and inclusive future for Pakistan. #DigitalPakistan #TechUpdate

The Samsung Pay in the Kingdom of Saudi Arabia through the Mada payment network. This step marks another milestone in the Kingdom’s efforts to enhance digital payment systems, aligning with the ambitious goals of Vision 2030. By providing users with a seamless, secure, and efficient payment experience via the Samsung Wallet app, this launch further accelerates financial inclusion and promotes the adoption of cutting-edge financial technologies across Saudi Arabia. It’s inspiring to see such initiatives shaping the future of payments and cementing Saudi Arabia’s position as a global leader in financial technology. #SaudiArabia #SAMA #DigitalTransformation #SamsungPay #Vision2030 #Fintech #Maloon #MaloonFinance #Interpay