Business News of Wednesday, 26 October 2016Source: Business in CameroonMTN Mobile Money attracted 300,000 new clientsBetween June and September 2016, MTN Mobile Money attracted 300,000 new clientsAs at end September 2016, the number of subscribers to the MTN Mobile Money service in Cameroon reached 2.7 million, in increase by 13.2% compared to the 2nd quarter 2016, we learned from provisional results just published by the South African telecom multinational. In absolute value, this statistic reveals that 300,000 new clients joined this service in Cameroon, since there were only 2.4 million registered as at end June 2016. The South African telecom firm explains this performance in its Mobile Money service in the country through “improvement in the distribution”. With regards to the client base of this operator, we officially learned, it decreased by 1.3% to reach 9.5 million subscribers as at end September. A decrease which the company attributes to the result of the mobile customer registration process in Cameroon, which led to the deactivation of several chips by operators.
