MTN MoMo Zambia engages central bank to enhance digital financial services

By:  Kanto Kai Okanta

MTN MoMo Zambia has held a high-level meeting with the Bank of Zambia to explore opportunities for expanding digital financial services and strengthening financial inclusion in the country.

The courtesy call brought together the MTN MoMo Chief Executive Officer, Komba Malukutila and members of the executive committee with senior officials from the central bank. The meeting was chaired by Deputy Governor – Administration Rekha Mhango and attended by executive directors of the institution.

Discussions focused on aligning strategic priorities between the mobile financial services provider and the regulator, with MTN MoMo presenting its achievements and outlining its vision for scaling digital finance solutions across Zambia.

Both parties identified areas for deeper collaboration aimed at supporting innovation while ensuring compliance with regulatory frameworks. The engagement also emphasised the importance of transparency, governance and coordinated efforts in building a resilient digital financial ecosystem.

Officials noted that close cooperation between service providers and regulators is essential to sustaining growth in the sector and delivering inclusive financial services to underserved populations.

The meeting concluded with a shared commitment to advancing financial inclusion, strengthening regulatory alignment and supporting the continued development of Zambia’s digital finance landscape.