ATR
CAF Data Centre Industry Outlook
HSSR rebrand
Communications Africa

twitteryou tubeacpRSS Feed

MTN has launched a cloud-based banking software in Nigeria, called MTN XaaS, in an attempt to improve micro-finance banking operations in the country

According to MTN, the new software will assist small and medium-sized banks and help them compete on a national level.

A statement from the company said that the aim of the new service would be to help generate more micro-finance banking operations in the country and improve customer service within the telecommunications sector.

The mobile operator revealed that “MTN XaaS Micro-banking software has been designed to enable carrying out banking operations without having to pay much in licensing, storage and implementation costs”.

MTN added that the new software platform “could save microfinance banks up to 70 per cent of the traditional costs involved in procuring, hosting and implementing typical banking software”.

The software was developed by Computer Warehouse Group (CWG) and will be run by MTN Business, the business-to-business division of MTN Nigeria.

MTN Nigeria chief executive officer Brett Goschen, said his mobile network’s commitment was to delivering solutions that will make Nigerian businesses more productive and profitable.

Babatunde Osho, chief enterprise solutions officer at MTN Nigeria, said, “MTN XaaS Micro-banking software is one of a number of cloud services MTN Business will launching in Nigeria.”

CWG group managing director Austin Okere added that it was "a pleasure" to partner with MTN Business and help it deliver a service that would enable micro-finance banks increase productivity and improve customer service, while remaining cost-effective.

Oil Review Africa
NEW interactive digital platform

Most Read

SES to acquire Intelsat in compelling transaction focused on the future. (Image source: SES)

In the MENA region, cybersecurity is crucial amidst rising digitalisation and state-sponsored cyber threats, met by BBS Technology's comprehensive solutions. (Image source: Adobe Stock)

Sparkle and Arqit’s quantum-safe VPN PoC heralds a new era in secure global communication. (Image source: Adobe Stock)

(L-R): Dr Diane Karusisi, CEO, Bank of Kigali and Dr Reda Helal, group managing director – processing, Africa and co-head group processing, Network International. (Image source: Network International)

Avanti and Q-KON partner to launch LEO satellite services in South Africa, enhancing connectivity and business resilience. (Image source: Avant Communications)

AMN activates first base station with Starlink LEO backhaul, expanding rural connectivity in Nigeria and beyond. (Image source: AMN)

World Bank’s analysis reveals Djibouti’s digital economy potential and challenges, urging multi-sectoral collaboration for growth. (Image source: Adobe Stock)

Paratus Group pioneers fastest fiber express route linking Johannesburg to Europe, revolutionising telecommunications with low latency and high-speed connectivity. (Image source: Adobe Stock)

Vertiv launches Vertiv 360AI in EMEA, offering high-density power and cooling solutions to meet the demands of AI, from edge to data centers. (Image source: Vertiv)

Latest news

MTN Group hosted Nigeria's NIPSS delegation in Johannesburg, fostering collaboration on digital technology, youth empowerment, and job creation. (Image source: MTN Group)

Airtel Networks Zambia Plc and Zambia Industrial Commercial Bank partner to provide SMEs with 4G and 5G Internet devices, boosting efficiency and market access. (Image source: Adobe Stock)

The Hubs will provide small businesses with e-commerce training materials and resources, as well as in-person coaching and training sessions, so they can overcome challenges to selling online. (Image source: Adobe Stock)

True hybrid networks integrate diverse connections into a seamless, unified network regardless of infrastructure. (Image source: Livewire Digital)

enza will leverage TerraPay’s extensive connectivity to over 2.1 billion mobile wallets globally. (Image source: Adobe Stock)

BII announces a U$20m loan to TerraPay to enhance low-cost, high-speed remittance transfers to Africa, promoting financial inclusion and economic opportunities. (Image source: Adobe Stock)

Redington partners with Vertiv to empower African channel partners, leveraging Vertiv's critical infrastructure technology & Redington's extensive market reach. (Image source: Adobe Stock)

Hotspot Network Limited and NIGCOMSAT partner to deploy cutting-edge satellite technology, bridging the digital divide in Nigeria's rural areas. (Image source: NIGCOMSAT)

Mastercard Ghana Fintech Forum advocates cybersecurity and contactless payments to drive fintech growth. (Image source: Mastercard)

Bayobab’s new license enhances digital transformation with improved connectivity through fibre, satellite, and radio technologies. (Image source: Adobe Stock)

Kaspersky enhances incident response with digital forensics. (Image source: Adobe Stock)

Orange inaugurates the Orange Digital Center in Guinea-Bissau, fostering digital skills and entrepreneurship for a sustainable future. (Image source: Adobe Stock)

Huawei expands its LEAP initiative to train 150,000 talents in Sub-Saharan Africa by 2027, surpassing initial goals, promoting digital skills. (Image source: Huawei)

PAIX Data Centres expands Accra facility to 1.2 MW with a US$30M investment from Africa50, boosting connectivity and economic growth in Ghana. (Image source: Africa50)

Transforming Africa's digital economy: Data Centres powering growth, innovation, and sustainability in the digital era. (Image source: Adobe Stock)

Africa Tech Festival

More Articles