The Liberian Telecommunications Authority (LTA) has introduced new regulations aimed at boosting fintech companies and enhancing competition in the mobile market.
Under the new rules, the LTA will manage numbering resources, such as short codes and USSD codes, previously controlled by large mobile network operators (MNOs). This change is intended to ensure fair distribution and prevent monopolization of these critical tools.
Fintech companies will benefit significantly, as they can now develop mobile financial products without MNO-imposed restrictions. The regulations also improve access to telecom networks for value-added service (VAS) providers, fostering innovation in mobile money transfers, digital wallets, and other financial services.
Previously, MNOs could limit network access, restricting app reach and impact. The new regulations aim to create a more inclusive environment, enabling entrepreneurs to launch financial services confidently.
The changes have been well-received by stakeholders across the telecom and fintech sectors. A public consultation featured input from major players like Lonestar Cell MTN Mobile Money and Orange Mobile Money, as well as emerging fintech firms such as Ewallie, Kolacash, and TipMe.
While the new regulations promise a vibrant future for Liberia’s mobile financial ecosystem, it remains to be seen how they will impact competition and innovation in the months and years ahead.
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