MoMo Rwanda, the fintech subsidiary of MTN Rwanda, has reported an impressive surge in revenue, showcasing the growing impact of mobile financial services in the region. The company's latest financial results highlight a remarkable 302% increase in revenue for the nine months ending September 30, 2025. The report highlights positive developments indicating that this growth trend is likely to continue in the future.
Revenue Growth and Subscriber Increase
The revenue reached Rwf 1.094 billion, driven by a significant rise in active subscribers, which grew by 12.2% year-on-year to 58 million. Additionally, MoMo's merchant network expanded to 578,000 by the end of the third quarter, further enhancing its market presence.
CEO's Statement on MoMo's Impact
Chantal Kagame, CEO of Mobile Money Rwanda Ltd, stated that MoMo is pivotal in connecting individuals to opportunities and prosperity. The revenue growth was largely fueled by advanced services, including:
- Payments
- Remittances
- Lending
which saw a staggering 370% increase and now account for 28.5% of MoMo's total revenue.
Contribution to Financial Inclusion
MoMo's contribution to financial inclusion is significant, as it plays a crucial role in Rwanda's transition to a cashless economy. The service revenue from MoMo has risen to 50.6%, underscoring its importance in the financial landscape of the country.
As MoMo Rwanda reports a significant revenue increase, the crypto market is also buzzing with activity. Mutuum Finance's presale is nearing completion, drawing investor interest; read more.
