MTN Group and MMI Holdings partner to launch joint microinsurance venture: "aYo"

Thursday, September 15, 2016

The microinsurance joint venture, "aYo" was launched last week by MTN Group and South African-based financial services group, MMI Holdings last week. Both companies' scaled, combined expertise and market access will benefit aYo, according to MTN, and it will provide a strong basis to compete in a changing mobile financial services industry.

With insurance penetration low in many countries in the African region, aYo aims to draw on the resources and capabilities that both companies provide to improve this and offer relevant, accessible and easy-to-use insurance solutions to consumers.

The aYo offering will be rolled out in a number of African countries from the end of this year.

Read the full press release, here.