MTN Group Fintech has partnered with Ericsson to complete the migration of its mobile money (MoMo) to standardised cloud-native architecture across Eswatini, Ghana, Rwanda and Uganda. It mark
MTN Group Fintech has partnered with Ericsson to complete the migration of its mobile money (MoMo) to standardised cloud-native architecture across Eswatini, Ghana, Rwanda and Uganda. It marks an ongoing plan in MTN’s move to place Fintech at the top of digital financial services expansion across Africa.
In a press statement released by Ericsson on Friday, it noted that the cloud systems are built on the Ericsson Fintech Platform and are expected to improve platform performance and operational efficiency. The migration is expected to transition MTN MoMo from a legacy virtualised environment to core cloud infrastructure.
“As demand for digital financial services continues to grow across Africa, mobile money platforms require resilient, scalable infrastructure that can support increasing transaction volumes while maintaining service availability,” part of the statement reads.
The transition comes at a time when mobile money and fintech are transforming how Africans keep their money, access it and transfer it from anywhere to anywhere. Migrating the cloud infrastructure enables faster integration for merchants and customers, and establishes the foundation required to expand Fintech in line with MTN’s Ambition 2030.
In his reaction to the development, Artemij Demidczyk, Acting Chief Technology and Information Officer at MTN Group Fintech, noted that the MoMo Evolved Migration advances the company’s broad vision of building Africa’s leading digital financial platform.
He added that “Through a cloud-native foundation, we are enhancing performance, strengthening resilience, and accelerating the delivery of innovative digital financial services for consumers, merchants, and partners across our markets.”
With the completion in four African countries, the company said an ongoing project has started in Cameroon and the Benin, Republic of the Congo and Zambia markets are next in line.
The migration is expected to cut across all MTN Group’s 16 markets in Africa before 2030.
MTN MoMo MTN is advancing MoMo The strategic move to power MoMo’s infrastructure comes at a critical time for the company and Africa.
MTN Group has been structurally separating MoMo and fintech operations from its traditional telecom/GSM business across African markets, notably in Nigeria, Ghana and Uganda. The separation aims to satisfy local financial regulations, secure independent capital, accelerate digital innovation, and let telecom entities refocus strictly on core connectivity.
Mobile money is driving financial inclusion and economic growth in Africa. At a time of massive adoption of digital payments, it allows unbanked people to use basic mobile phones to store cash, send remittances, pay bills, and run micro-businesses without visiting a physical bank.
MTN’s migration of its MoMo infrastructure to a core network prepares the business for a defining moment. Digital payments and fintech are improving every day with new startups, innovators and users. Building the network that allows active competition and seamlessly onboarding new users matters.
Following the migration to cloud native architecture, Ericsson said MTN experienced reduced CPU processing overhead and database load by up to 86%. This is an attempt to reduce the loading time of the app to perform a transfer or any other operation.
Also, across the migrated markets, the deployment has reduced application and database resource utilisation and faster API response times by up to 80%. Instead of being heavy and slow, it makes it lighter and faster to use.
Building on Ericsson’s infrastructure allows the African telecom giant to improve customer experience on its MoMo platform, elevate operational efficiency, and strengthen platform performance. It also enables the scalability needed to support future innovation and financial inclusion.
People want to send money using the easiest and error-free method. And they will adopt a product that offers such value. What MTN is doing is walking along this path and giving Africans what they need.
Similar Read: Fintech, connectivity and infrastructure: a look at MTN’s 2030 ambition.
