Telecom service provider MTN Group today announced the launch of its cross-border mobile money service between Ivory Coast and Benin.
In April this year, MTN introduced a similar service between Ivory Coast and Burkina.
“The launch of this new corridor is an important part of our mobile financial services strategy. The new service will take advantage of the distribution network of MTN Mobile Money in both countries, and reduce the cost of sending and receiving money for our customers,” said Pieter Verkade, chief commercial officer of MTN Group.
As of 30 September 2014, MTN Mobile Money had 22.2 million registered users and was available in 15 countries. The number of mobile subscribers on MTN network was 219.2 million as of 30 September 2014.
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