MTN Group service revenue plunges 18.8% in Q1 2024, fintech revenue up 11.4%

MTN Group has reported an 18.8% fall in Q1 service revenue compared to Q1 2023. The decline in service revenue was contributed by MTN Nigeria’s 52.8% decline, while South Africa grew marginally by 3%. However, its fintech revenue was up by 11.4%.