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MTN Group Limited (formerly M-Cell) [2] is a South African multinational corporation and mobile telecommunications provider. Its head office is in Johannesburg . [ 3 ] [ 4 ] MTN is among the largest mobile network operators in the world , and the largest in Africa .
Mobile Money is a mobile payments system based on accounts held by a mobile operator and accessible from subscribers' mobile phones. The conversion of cash into electronic value (and vice versa) happens at retail stores (or agents). All transactions are authorised and recorded in real-time using SMS. MTN Mobile Money agent's stand in Ghana
The consumer can purchase goods, transfer money to a peer, cash out, and cash in. [55] A 'mini wallet' account can be opened as simply as entering *700# on the mobile phone, [56] presumably by depositing money at a participating local merchant and the mobile phone number. Presumably, other transactions are similarly accomplished by entering ...
As of March 2015, MTN controlled 80 percent of the mobile money market in the country. [12] In November 2015, MTN Uganda switched off 3.7 million of its 11.5 million customers to comply with the Uganda Communications Commission's new SIM card registration requirements. [13] [14]
Founded in 2000 by Beirut-based Investcom, the company became a subsidiary of the South African conglomerate MTN Group following MTN's acquisition of Investcom in 2006. Liberian businessman Benoni Urey is the Chair of Lonestar Communication Corporation and owns a significant portion of the company through his PLC Investments Group.
The earliest mention of Mojaloop by commercial entities was the announcement in 2018 by Orange Telecom Group and MTN to establish a new joint venture called Mowali which would implement the Mojaloop technology. [6] The joint venture was closed down in November 2022 due to lack of required approvals by the Central Bank. [7]
USSD can be used for WAP browsing, prepaid callback service, mobile-money services, location-based content services, menu-based information services, and as part of configuring the phone on the network. [1] The service does not require a messaging app, and does not incur charges. [2] USSD messages are up to 182 alphanumeric characters long.
MTN may refer to: an abbreviation of mountain; MTN Group, mobile telephone network operator African and the Middle East MTN-Qhubeka, cycling team sponsored by the telephone company; Maritime Telecommunications Network, satellite phone network; Martin State Airport, Baltimore, US, IATA code; Mauritania, IOC and ITU code