MTN Nigeria Fintech Revenue Soars 71.8% to N83bn in H1 2025, Highest in Five Years
Written by SpringnewsNG Media Limited August 6,2025
According to the company’s H1 2025 financial results, fintech revenue surged 71.8% year-on-year to N83 billion, up from N48.4 billion in the same period of 2024. This marks a significant leap from the N31.6 billion recorded in H1 2021, underscoring MTN’s rapid fintech growth trajectory.
The company attributed the surge to the strong performance of its airtime lending service, Xtratime, and the expansion of advanced fintech services that attracted more high-value customers.
“Our continued focus on advanced services and enhancing the quality of our fintech ecosystem has boosted customer deposits, which increased nearly fivefold compared to December 2024,” MTN stated in its report.
Despite the revenue boost, the number of active MoMo wallets fell 6.1% to 2.7 million compared to December 2024. However, Q2 2025 showed signs of recovery with 562,000 new wallets added during the period.
Other distribution highlights include:
- Active agents: Up 49.7%
- Merchants onboarded: Up 3.5%
These improvements, MTN explained, reflect its strategy to optimize its distribution network and build a sustainable fintech ecosystem.
CEO Karl Toriola reaffirmed MTN’s fintech growth strategy, highlighting the importance of advanced services and partnerships in driving revenue:
“We are encouraged by the positive momentum in the second quarter as we continue to execute our recalibrated fintech strategy. Leveraging our partner network and high-value user growth has driven a significant rise in deposits and overall ecosystem expansion.”
With fintech revenue hitting N83 billion, MTN Nigeria has strengthened its position as a key player in Africa’s digital financial services market, setting the stage for sustained growth in the coming quarters.
