Seamless Distribution Systems AB’s Post

It's Annual Results day! 📈 MTN reported its set of annual results, covering our financial performance for the year ended 31 December 2023📝. Subsequently, for MoMo from MTN, we report the following salient points: > Active Mobile Money (MoMo) users are up by 5% to 72.5 million subscribers across our markets. > The momentum in volume and value of MoMo transactions remained strong and were up by 32.2% and 47.4%*, respectively. This underpinned strong advanced service revenue growth of 54.8%*. > The volume of #fintech transactions also increased by around a third to 17.6 billion, with the value of transactions across the fintech platform up at US$272 billion, driven by growth of advanced services in #payments, #banktech and #remittance solutions. > Agents and merchants grew by 5.4% and 42.5% to 1.3 million and 2.1 million respectively. > Another key highlight was concluding an agreement for payment network processor Mastercard to invest up to US$200 million for a minority stake in MTN Group Fintech at a valuation of US$5.2 billion. #AnnualResults #Fintech #MoMo

#GLOBALSOUTHALERT: #MORTGAGEE (TYPICALLY A LENDER SUCH AS A #BANK) NOT A #TRUSTEE FOR THE #MORTGAGOR (#BORROWER) –"It is well settled that a mortgagee is not a trustee of a power of sale for the mortgagor. Once the power has accrued, the mortgagee is entitled to exercise it for his own purposes whenever he chooses to do so. It matters not that the moment may be unpropitious and that by waiting a higher price could be obtained. He has the right to realize his security by turning it into money when he likes. [ See: Cuckmere Brick Co. Ltd Vs Mutual Finance Ltd [1971] Ch. 949 ] ; FOR FURTHER DETAILS, CLICK LINK: https://lnkd.in/e6Pg4DjN TAGLINE: "#TREASURE THE #PEARL , RIDE #SPECIAL #MOBILITY." LINK: https://lnkd.in/dQeAywjs VISION STATEMENT: "WHOLE BUSINESS SECURITIZATION (#WBS) FOR #AFRICA AND #BEYOND."

📱Shift in the popularity of Telco providers in the main market. This infographic highlights the changes in market position of mobile networks in SA’s main market. This data was collected through the Moya Quiz, in partnership with iMali Quiz. MTN and Vodacom increase their dominance, whilst Telkom and Cell C lose more ground. Rain see’s a modest increase in usage. To understand more about the main market’s Telco engagement behaviours, access the full report here: https://lnkd.in/dxhfFcdu Need to digitally reach the main market? Connect with us at MoyaApp: https://lnkd.in/eQvHwd_E #Telecommunications #MarketResearch #ConsumerBehavior #MobileData #SouthAfrica #iMaliQuiz #MoyaQuiz #Datafree

It is well known that many South Africans have two sims in their devices and swap these out for others from time to time, so the Telco landscape is ever changing. However, what has been a constant over the past few years, is the dominance of MTN and Vodacom. There unrivaled network connectivity puts them head & shoulders above Cell C and Telkom. Furthermore, MTN (YelloBucks) and Vodacom (VodaBucks) are the only two providers with rewards programmes. This is surprising, given that the most valued loyalty benefit, by households with a monthly income of R10K and below, is data and airtime (https://lnkd.in/dwZjkkFx). Not much innovation needed to reward loyalty through your main offering. Quick and easy wins, allowing MTN and Vodacom to stay most relevant.

Arab Financial Services introduces Samsung Pay to Oman. As the region's leading digital payment solutions provider and FinTech enabler, AFS is once again demonstrating its commitment to driving innovation and enhancing customer experiences. This partnership between Arab Financial Services (AFS) and Samsung Gulf Electronics to introduce Samsung Pay in Oman combines AFS's regional expertise in digital payment solutions with Samsung's innovative technology to provide Omani consumers with a secure and convenient contactless payment option. The collaboration strengthens AFS's position in the Omani market and expands Samsung Pay's reach while benefitting Omani consumers with enhanced convenience and security in their daily transactions. This development aligns with the Central Bank of Oman's recent guidelines for banks and payment providers to offer card tokenization services. Moreover, the partnership represents a significant step in Oman's digital transformation journey, enhancing the country's financial ecosystem and promoting the adoption of advanced digital payment methods. Source: https://lnkd.in/eBUzyFHs Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #payments #paymenservices #paytech #paymentindustry #fintech #partner #partnership #financialtechnology #financialservices

Did you know that our Mobile management offering utilise advanced algorithms for route optimisation, resulting in enhanced delivery efficiency? RSAWEB Business revolutionises the mobile industry with continuous connectivity, enhanced management and mobile flexibility through Vodacom and MTN networks. Explore how we redefine industries with high mobility: https://bit.ly/3Ubbb9J #RSAWEB #RSAWEBBusiness #RSAWEBB2B

Key Insights on the UK #MVNO Market 📱 Growth Amid Cost of Living Concerns: With rising living costs, more customers are turning to MVNOs for affordable mobile tariffs, fueling good growth in this segment. 📱 Vodafone and Three Merger: The potential merger between Vodafone and Three poses a significant disruption. While it might reduce network choices for MVNOs, there could also be new opportunities from any remedies imposed by the Competition and Markets Authority (CMA). 📱 Popular Features: UK MVNOs attract customers with features beyond low prices, including flexible tariffs, 30-day rolling plans, price freeze commitments, data rollover, inclusive roaming, loyalty programs, and eSIM technology. Learn more ➡️ https://lnkd.in/eDPAju9K

Things are hotting up in SA's #MVNO space with Vodacom now stating its commitment to the MVNO model. ISPA noted a need for regulatory support for MVNOs earlier in the month: "More needs to be done than a bare obligation in a licence to ensure [the MVNO] spark of competition is nourished." There are currently around 20 active MVNOs in South Africa. They are competing aggressively in the #mobiledata space, reducing the cost of mobile data for subscribers who have more choice than ever before! https://lnkd.in/dBj2DVVn