MTN MoMo revenue jumps 102.2% in nine months
Customer wallet balances for MTN Nigeria's mobile money service more than quadrupled to N43.8 billion.
MTN MoMo Payment Service Bank (MoMo PSB) in Nigeria saw its revenue climb by 102.2% in the nine months leading up to September 30, 2026. This growth occurred as customer wallet balances surged to N43.8 billion.
The financial results released by MTN Nigeria Communications Plc show that the mobile money business experienced significant expansion. Wallet balances, a key indicator of customer engagement, increased by more than four times their previous value.
These figures reflect the growing adoption of mobile money services in Nigeria.