From processing 18 loans per second to partnering with Ant International, MTN Group Fintech CEO Serigne Dioum, in this edition of Coffee With…, tells PHATHISANI MOYO how he plans to convert MTN’s 317 million telecom subscribers into a single, closed-loop financial ecosystem.
In 2007, Serigne Dioum, now Chief Executive Officer of MTN Group Fintech, began his career in mobile payments. At the time, the premise was relatively straightforward: give people a reliable way to transfer money using a mobile phone.
Nearly two decades later, he is trying to build something much bigger.
The Senegalese executive oversees MTN Group Fintech, the entity behind MoMo, the telco’s digital financial services platform, with a vision to convert the telecom giant’s massive subscriber base into one of Africa’s largest integrated digital and financial ecosystems.
Achieving that requires driving engagement beyond basic peer-to-peer transfers. Dioum wants users paying merchants, borrowing, saving, receiving cross-border remittances, purchasing daily services, and ultimately managing their digital lives entirely through MoMo.
