In financial results announced on Monday, April 20, 2026, the fintech subsidiary of MTN Rwanda reported revenue of RWF 43 billion for the quarter, supported by robust activity across its mobile money and merchant payment platforms.
During the period under review, MoMo Rwanda processed 803 million transactions, underscoring the continued shift toward digital payments as a preferred mode of financial exchange among individuals and businesses in Rwanda.
MoMoPay, the company’s merchant payments platform, now serves more than 4 million users. The company noted increasing diversification in usage, with customers progressively moving beyond peer-to-peer transfers into services such as credit, bank integrations, and remittances, reflecting deeper integration of mobile money into everyday financial activity.
The agent network expanded by 13 percent year-on-year to 74,000 agents, enhancing service accessibility nationwide and contributing to financial inclusion and income-generating opportunities within the distribution network.
MoMo Rwanda said the revenue growth provides additional capacity to accelerate investment in product innovation and ecosystem expansion aimed at improving access to financial services.
In the quarter, the company also strengthened its market presence through participation in key national platforms, including Tour du Rwanda and the Inclusive Fintech Forum (IFF), reinforcing its positioning within Rwanda’s growing digital economy landscape.
On the product side, MoMo Rwanda introduced MoFlex, a credit solution developed in partnership with Ecobank and Yabx. The solution is designed to expand access to flexible financing for individuals and businesses.
Commenting on the performance, Chantal U Kagame, Chief Executive Officer of MoMo Rwanda, attributed the growth to sustained customer trust and ecosystem expansion.
“The continued growth over the last three months is a result of the trust our customers have in MoMo,” she said. “Beyond transactions, we are enabling greater access to financial services, supporting businesses, and creating more opportunities for people to participate in the economy.”
She added that the company remains focused on expanding financial inclusion, building practical solutions, and strengthening an ecosystem that works for every Rwandan.
MoMo Rwanda, established in 2021 as MTN Rwanda’s fintech arm, serves more than 6 million subscribers, supported by over 65,000 agents and more than 590,000 MoMoPay merchants across the country. Its services include mobile payments, savings and loans, bill payments, transport solutions, and domestic and cross-border remittances.
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