Who is momo owned by?

The acquisition also underscores MTN Nigeria's commitment to leveraging technology to drive financial inclusion and economic growth in the country. The company recognizes the transformative potential of mobile money and is dedicated to harnessing its power to empower individuals and businesses alike.

MTN Nigeria, a prominent telecommunications company in the country, has recently announced the completion of a significant acquisition. The company has acquired full ownership of the Mobile Money Payment Service Bank, or MoMo PSB, by purchasing the remaining 7.17% stake held by Acxani Capital.

In addition to its mobile money services, MTN Nigeria is also active in other areas of the cryptocurrency ecosystem. One notable example is its partnership with BTCC, a top cryptocurrency exchange. BTCC offers a range of services including spot and futures trading, as well as a secure wallet for storing digital assets.

The acquisition, valued at approximately NGN6.95 billion (US$4.36 million), represents a strategic move by MTN Nigeria to consolidate its position in the digital financial services space. With this acquisition, MTN Nigeria now has complete control over MoMo PSB's operations and future direction.

MoMo PSB is a key player in the mobile money industry in Nigeria, providing a convenient and secure platform for users to conduct financial transactions using their mobile phones. The service has gained widespread adoption among Nigerians, facilitating financial inclusion and economic empowerment.