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Telecoms operator MTN eyes banking licences as it pushes deeper into lending
By GhanaSummary Newsroom1 min read
Africa's largest telecoms operator, MTN Group, is exploring banking licences in select markets as the company looks to expand lending from its own balance sheet, CEO Ralph Mupita said on Tuesday."We're seeing good growth on advanced services, which are our future-proof services," Mupita told journalists, referring to offerings such as payments, e-commerce and lending."The big growth now, which will be the growth of the future, is actually lending."
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