Telecom
Interswitch Forum ‘Connects’ Over 2000 Tech/Payment Stakeholders

Interswitch, an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of money and the exchange of value between individuals as well as organisations on a timely and consistent basis, recently brought stakeholders in tech/payment industries to analyze the industry.
The Interswitch Connect assessed Nigerian Communications Commission (NCC) recently published statistics that highlighted a greater diffusion of Internet technology in Nigeria, and signified a sharp increase in the use of mobile phones, which has risen to 91.6 million in 2016.
The report also stated that Nigeria’s internet penetration percentage now stands at 51%. The foregoing outlook presents an auspicious landscape for digital businesses.
In anticipation of these optimistic landscape in digital businesses, Interswitch Connect 2017 Conference tagged “Digital Transformation Imperatives: Innovative Evolution or Disruptive Innovation, brought together thought leaders across Banking, Payments, Health and Retail under one roof.
The recent event provided a platform to deliberate on the endless opportunities for businesses through digital transformation.
The event tagged Interswitch Connect, successfully examined how businesses can leverage digital transformation for future industry growth, shining greater light on an ecosystem that has become an inroad into a vast landscape of financial, commercial, and social opportunities.
Mitchell Elegbe, the founder/group managing director, Interswitch, said: “It was essential for us to bring together key stakeholders in Nigeria’s digital financial ecosystem to discuss, debate and evaluate the future of transactions.
“Digital disruption is a reality that has come to stay, it is redefining industries and business models.
“We believe it is time for Africa and Nigeria, to understand how we will evolve & innovate in payments, commerce and beyond.
“Technology is constantly changing the way we all transact today and we cannot ignore it”.
The event had an enlightening keynote speech tagged “the concept of first principle design thinking” by Brett King, an award winning author and futurist.
Other key speakers and panelists at the conference were John Chaplin, Former Executive Vice President, VISA (African Payment Innovation Jury), Dipo Fatokun, Director, Banking & Payment Systems, CBN, Uzoma Dozie, GMD/CEO, Diamond Bank, Iyinoluwa Aboyeji, Co-Founder & CEO, Flutterwave, Bayo Adekanmbi, Chief Transformation Officer, MTN Nigeria, Shola Akinlade, Co-founder & CEO, Paystack and many more.
Telecom
MTN Nigeria Unveils CPaaS Platform to Transform Business Communication

At the recently concluded NextNow Business Forum in Victoria Island, MTN Nigeria electrified the business community with a live demonstration of its forthcoming Communication Platform as a Service (CPaaS), a solution engineered to redefine how Nigerian enterprises connect with their customers.
Unlike traditional communication systems, MTN’s CPaaS is built for the realities of a mobile-first market. The platform unifies SMS, voice, WhatsApp, email, and more into a single, intuitive interface. This approach is especially significant in Nigeria, with over 107 million internet users, 45.4% of the total population, according to Data Report. This figure underscores the necessity for businesses to meet customers where they are.
During the demo, attendees witnessed how CPaaS enables two-way, real-time conversations between brands and customers. The platform’s support for rich media, instant analytics, and seamless integration with business workflows drew particular attention. These features are designed to empower businesses with data-driven insights and the agility to personalise every interaction, whether it’s a service notification, marketing campaign, or customer support exchange.
Akinbulejo Onabolu, Head of Enterprise Segment at MTN Nigeria, articulated the vision: “CPaaS gives enterprises the flexibility to interact with their customers on their preferred platforms; whether it’s chat, voice, or messaging, in a way that feels personal and immediate. We’re looking forward to the value this will unlock for businesses across industries once it launches.”
The fireside chat added depth to the conversation, with Omowunmi Olatunbosun, Head of SME Segment at MTN Nigeria, and Stephen Agbi of Bayobab, highlighting how digital engagement bridges the gap between businesses and audiences.
They emphasised that today’s consumers demand immediacy, relevance, and ease, qualities that CPaaS is built to deliver.
The stakes for digital transformation in Nigeria are high. In a report by Punch, the country’s enterprise tech market is projected to reach $22 billion by 2027, reflecting a surge in demand for scalable, cloud-based solutions that drive efficiency and customer loyalty.
The CPAAS Acceleration Alliance have estimated that globally, the CPaaS market is expected to grow from $14.7 billion in 2025 to $72.4 billion by 2035, at a compound annual growth rate of 18.4%, a testament to the platform’s transformative potential.
The event’s closing keynote from META’s Korhan Yunak reinforced the strategic value of digital channels like WhatsApp, which are now indispensable for business communication and engagement at scale.
As MTN Nigeria prepares for the Q3 2025 launch, the anticipation is unmistakable. With its promise of flexibility, intelligence, and seamless integration, MTN’s CPaaS platform is set to become the backbone of next-generation business-customer engagement in Nigeria, enabling enterprises to not just communicate but to connect, adapt, and grow in a digital-first era.
Telecom
MTN Mulls Establishment of Fintech Firm in Nigeria, Others

MTN Uganda is seeking input from stakeholders on a plan to structurally separate its mobile money service, MoMo, from its core telecoms business.
According to the company, the proposed change will be discussed at the upcoming extraordinary general meeting on July 2.
If approved, the telco’s fintech business will be run by a new company controlled by MTN Group Fintech Holdings B.V. and a trust benefiting minority shareholders following a merger.
Additionally, the restructuring also aligns with MTN Group’s ambition 2025 strategy which aims to unlock value, attract new investors, and strengthen regulatory compliance by creating standalone fintech entities in Uganda, Ghana, and Nigeria.
The company’s fintech division has over 13 million customers, with an 18.4% revenue increase in the first quarter of 2025, driven by 19.0% growth in mobile money services, 19.8% growth in transaction volumes, and a 31.4% increase in transaction value.
Reports say the decision is part of the telco’s compliance with the National Payment Systems Act 2020, which mandates mobile money businesses to operate as standalone entities, and to align with MTN Group’s regional fintech strategy.
MTN Uganda, which is led by CEO Sylvia Mulinge, highlighted that the implementation of the proposed transaction will be subjected to a number of conditions and regulatory procedures.
“The implementation of the proposed transaction shall be subject to a number of conditions, including the company and MTN MoMo receiving all required regulatory approvals and no-objections and complying with any regulatory conditions,” said MTN Uganda in notice.
Telecom
Netflix Expands European Presence with €1 Billion Investment in Spain

Netflix has announced plans to invest more than €1 billion in Spanish film and television productions over the next four years, reinforcing its commitment to Spain as a key creative hub in Europe.
The announcement was made by co-chief executive Ted Sarandos at an event held at Netflix’s production studios near Madrid, celebrating the company’s 10-year presence in the country.
Sarandos emphasized that the investment would contribute significantly to Spain’s economy, create jobs, and enable the streaming platform to produce more local content. He was joined by Spanish Prime Minister Pedro Sánchez in unveiling the initiative.
Netflix first established its international production studios in Madrid in 2019, following the success of the Spanish-language hit series Money Heist.
Since then, its 22,000-square-meter facility has become one of Netflix’s major production centers within the European Union.
The company currently supports over 20,000 jobs in Spain, highlighting the nation’s growing influence in global entertainment.
The investment reflects Netflix’s ongoing strategy to expand its presence in European markets through original content and local talent.
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