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MTN plans mobile money service in Nigeria Next year.

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MTN Nigeria - MTN plans mobile money service in Nigeria Next year.

MTN Group says it will apply for a mobile banking licence in Nigeria and launch the service in the coming year.

The Chief Executive Officer of the company, Rob Shuter, made this known while addressing a conference in Cape Town on Tuesday, Reuters reported.

“We will be applying for a payment service banking licence in Nigeria in the next month or so, and if all goes according to plan, we will also be launching Mobile Money in Nigeria probably around Q2 of 2019,” Shuter said.

This is coming after the Central Bank of Nigeria announced that it would allow telecoms companies to provide banking services, aiming to give millions of Nigerians without bank accounts access to mobile money services, a policy that has been very successful in Kenya.
MTN is Nigeria’s biggest mobile phone network serving 56 million people but is facing a dispute with the authorities after the central bank said it illegally repatriated $8.1bn.

The company was also slapped with a $2bn Nigerian tax bill in August this year by the country’s Attorney General.

However, it was reported that the apex bank and the MTN were currently in talks to resolve the dispute.

Other network providers in the country -Airtel, a unit of India’s Bharti Airtel, Globacom, Ntel and 9mobile – have also shown interest in the mobile money licences.

“It’s a huge opportunity for MTN,” said Byron Lotter, Fund Manager at Vestact, which owns shares in MTN. “The problem is they are being held hostage by this $10.1bn demand because their business is too big to leave.”

The CEO also said the company would re-launch mobile money services in South Africa, two years after canning the service.

The company has also bought a music streaming business Simfy, which Shuter said was “Africa’s leading music streaming business.”

He did not give details about MTN’s plans to re-launch mobile money in South Africa, a market that has proved difficult to crack because around 80 per cent of the population already has access to traditional bank accounts.

Separately, MTN has joined forces with China’s Unisoc, China Mobile Communications and Kaios, a mobile operating system, to manufacture affordable 3G phones with some smartphone features such as YouTube and a camera, Shuter told a press briefing at the conference.
The new devices would be launched in the first quarter of next year with an initial 10 million phones available, he said.

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Meet Meizu 16th With 8GB Ram, Snapdragon 845 + Flash Charge

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Meizu 16th - Meet Meizu 16th With 8GB Ram, Snapdragon 845 + Flash Charge

Meet Meizu 16th, a simple flagship device that features a 6-inch Full HD+ 18:9 aspect ratio display from Samsung with 91.18% screen-to-body ratio, 1.43mm side bezels and 5.74mm chin.
It is powered by Snapdragon 845 with 8GB of RAM, has custom copper cooling tube and feature an in-display fingerprint sensor that has 99.12% high recognition rate that can unlock the phone in 0.25 seconds.

Camera wise, it comes with dual rear camera (12MP rear camera with Sony IMX380 sensor, along with a 20MP secondary telephoto lens with Sony IMX350 sensor for portrait shots and 3x loss-less zoom) and a 20MP front facing camera with AI beauty recognition and Face unlock.

It comes with a battery capacity of 3010mAh with 24W mCharge flash charge that can charge the phone from 0 to 67% in 30 minutes.

Highlights Specification of Meizu 16th

Display: 6-inch ( 1080 × 2160 pixels) Full HD+ Super AMOLED display with 10000 : 1 contrast ratio, 430cd/m2 (typical) brightness, 402 PPI

Chipset: Octa-Core Qualcomm Snapdragon 845 Mobile Platform with Adreno 630 GPU

RAM + ROM: 8GB RAM, 128GB (UFS 2.1) internal storage

SIM: Dual SIM

System: Android 8.1 (Oreo) with Flyme OS

Camera: 12MP rear camera with wide-angle lens, secondary 20MP telephoto lens, Sony IMX350 sensor, f/2.6 aperture, 6-LED ring LED flash

20MP front-facing camera with f/2.0 aperture, AI face unlock

Sensor: In-display fingerprint sensor

3.5mm audio jack, dual speakers

Dimensions: 150.5×73.2×7.3mm ; Weight: 152g

Network: 4G VoLTE, Wi-Fi 802.11 ac (2.4GHz + 5GHz) 2 x 2 MIMO, Bluetooth 5, GPS + GLONASS, USB Type-C

Battery: 3010mAh (typical) with mCharge fast charging

It is price $566

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