The mobile telecommunication giant, MTN, has announced that the contribution of Mobile Money (MoMo) to its revenue decreased from 22.8% to 19.3% year on year in the first half of 2022. According to its 2022 half year unaudited financial statement, this was mainly driven by slower growth in P2P revenue and overall transactional activity and partly also by the introduction of the Electronic Transaction Levy (E-levy). The MoMo service further recorded a 0.3% year on year decline in transaction value and a 19.3% year on year increase in transaction volume. In May 2022, we implemented the e-Levy and reduced P2P transaction fees by 25% to reduce the burden of the e-Levy on our customers, these led to the slower growth in MoMo revenue in the period”, the report stated. However, during the period MoMo revenue grew by 9% YoY to GHS899 million. Active MoMo users also increased on a year-on-year basis by 11% to 11.7 million and advanced service offerings continued to show positive growth of...