MTN Group, Africa’s largest telecommunications operator, is considering obtaining banking licences in selected African markets as it explores ways to use its own balance sheet to support the expansion of its lending business. The telecommunications giant already operates one of Africa’s largest mobile money platforms, giving it access to millions of customers who regularly transfer and manage funds through digital wallets. Ralph Mupita, Group Chief Executive Officer of MTN Group, said the company was examining whether banking licences would enable it to accept deposits and, over time, use those funds to...