MTN Mobile Financial Services launches its activity as an Electronic Money Issuer

(MTN CI) – This Thursday, April 20, 2017, MTN COTE D’IVOIRE, is taking a further step in financial services by launching its new subsidiary MTN MOBILE FINANCIAL SERVICES COTE D’IVOIRE.

This new subsidiary has obtained from the Central Bank of West Africa (BCEAO) its approval as an Institution Issuing Electronic Money under the identifier EME.CI.009 / 2016.

With this status, MTN MFS CI, an independent company incorporated as a Société Anonyme (SA), is now the guarantor of the issuance, management and distribution of MTN Mobile Money’s electronic money. She is also responsible for the compliance policy as well as the general monitoring of the electronic money issuance activity.

MTN MFS CI will provide more choice and flexibility in the context of the launch of new services and functionalities, and this, in line with the Regional Strategy for Financial Inclusion advocated by the Central Bank of West Africa ( BCEAO).

This is a key step for MTN Côte d’Ivoire in the development and structuring evolution of innovative mobile financial services.

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Speaking, Mrs. Marie Bitty (photo), Managing Director of MTN MFS CI declared “This statute bringing more autonomy and agility is in line with the Regional Strategy for Financial Inclusion advocated by the BCEAO ”

The representative of the Ministry of Economy and Finance, Mr. Fadika, for his part expressed the wish to see MTN MFS CI expand the range of services offered, thus increasing inclusion for populations and specifically financially more modest and to increase the efficiency of the financial sector….

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MTN MFS CI’s head office is located on Boulevard Latrille opposite the ENA.

With a network of more than 15,000 distribution points, MTN MFS CI has 4 million MTN Mobile Money customers. In 2016, approximately 1,566 billion FCFA of transactions were carried out via MTN Mobile Money.

About MTN

A subsidiary of the MTN Group, MTN Côte d’Ivoire is a global operator, provider of Fixed, Mobile, very high-speed Internet and payment solutions, present in Côte d’Ivoire since July 2005.

It has developed a telecommunications network meeting international standards with 2G, 3G and 4G technologies in addition to GSM. Its network is constantly evolving and is equipped with 2 state-of-the-art state-of-the-art data centers,

MTN Côte d´Ivoire quickly established itself as one of the leaders in the sector, with nearly 10 million subscribers at the end of February 2017.

Customer satisfaction is at the heart of MTN Côte d’Ivoire’s business. In addition to its own network of agencies, it has more than 100,000 distribution points of sale throughout the country and 2 call centers available 24/7, to provide its subscribers with personalized, quality service. In addition to these classic channels, customers can be assisted through official MTN Côte d’Ivoire accounts on Twitter and Facebook.

MTN Côte d’Ivoire currently employs more than 750 people, over 30% of whom are women.

About MTN Mobile Financial Service Côte d’Ivoire

Subsidiary of MTN Côte d’Ivoire, MTN Mobile Financial Service Côte d’Ivoire is an autonomous anonymous company with a capital of CFAF 300 million approved by the BCEAO as an Electronic Money Institution since July 28, 2016 under the identifier EME. CI.009 / 2016.
The first Ivorian operator to launch Mobile Money and with a network of more than 15,000 distribution points, MTN MFS CI has more than 4 million MTN Mobile Money customers. MTN Mobile Money is a secure, easy and convenient mobile money transfer service that allows customers to transfer money, buy credit, pay bills, all using the phone