MTN eyes SA and Nigeria microinsurance market with aYo platform

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The company is hoping to replicate its success in its two largest markets, tackling vastly different insurance industries

MTN’s insurance technology unit aYo, which recently crossed the 15-million customer mark, is expanding to SA and Nigeria as the group continues on its mission to bolster earnings from its financial services business.

MTN has been on a strong push in recent years to diversify its business, pursuing new revenue streams in mobile data, technology and related communications services to businesses, wholesale network services, fintech and digital services...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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