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MTN Champions Cross-Border SME Payments

byBlessing Uma
October 28, 2025
in News
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MTN Champions Cross-Border SME Payments
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MTN Nigeria has affirmed its firm commitment to bolstering economic and digital cooperation between Nigeria and South Africa, the continent’s two largest economies. This pledge was made during a high-level Nigeria–South Africa Economic Diplomacy Roundtable recently hosted by the telecoms giant in Lagos. The event brought together senior government officials, key policymakers, and influential business leaders to map out new strategies for collaboration across technology, trade, and human capital development.

The roundtable was convened under the auspices of South Africa’s Department of International Relations and Cooperation (DIRCO), with the support of the Lagos State Government. It operated under the central theme, “Africa’s Twin Engines: How Nigeria–South Africa Relations Can Position Africa as a Global Middle Power,” focusing on how both nations can leverage private-sector partnerships and technology to fully unlock the vast potential of the African Continental Free Trade Area (AfCFTA).

The Lagos State Deputy Governor, Dr. Kadri Obafemi Hamzat, emphasised the strategic importance of this alliance, describing Lagos as Africa’s natural hub where commerce, talent, and technology converge. He asserted that a deeper working relationship between Nigeria and South Africa is fundamental not just for their own prosperity, but for the collective advancement of the entire continent. Similarly, Thandi Moraka, South Africa’s Deputy Minister of International Relations and Cooperation, stressed the need to translate high-level policy into practical, people-centred outcomes. She noted that while the AfCFTA provides the crucial legislative framework, the partnership between Nigeria and South Africa must be the engine that brings it to life.

From an economic perspective, this drive for digital integration is crucial for reducing transactional friction and boosting intra-African trade, a core goal of the AfCFTA. The meeting yielded three concrete outcomes that promise significant economic impact. Firstly, the launch of a pilot programme for standards and e-certification under the AfCFTA is designed to harmonise product quality and regulatory compliance, ensuring goods from both countries can move seamlessly across borders without bureaucratic delays. This single standard mechanism should save businesses considerable time and expense.

Secondly, the establishment of a cross-border Small and Medium-sized Enterprise (SME) payments corridor is arguably the most critical development. SMEs are the backbone of both economies, yet they are often hampered by prohibitively high costs and slow settlement times for cross-border transactions. By creating an efficient digital corridor, MTN and its partners are directly tackling a key barrier to trade, enabling smaller companies to transact more easily, thereby expanding their market reach and revenue streams.

Finally, the creation of a talent mobility framework for the mutual recognition of digital skills addresses a growing economic bottleneck: the shortage of high-end technical expertise. By allowing skilled professionals to move and work freely across both markets, the framework ensures that talent is deployed where it is most needed, facilitating greater innovation and filling critical skills gaps in sectors from fintech to telecommunications. MTN Nigeria’s CEO, Karl Toriola, reiterated the company’s core mission to provide the necessary digital infrastructure and platforms to drive this regional integration and sustainable growth, turning shared potential into measurable progress for African citizens. The concerted action from these two continental powerhouses, facilitated by major private entities, signals a serious move toward creating a unified, technologically empowered African market.

Tags: African Continental Free Trade AreaDepartment of International Relations and CooperationDr. Kadri Obafemi HamzatSMEThandi Moraka
Blessing Uma

Blessing Uma

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