2 °c
London
Tuesday, April 20, 2021
No Result
View All Result
FurtherAsia FurtherArabia FurtherBrazil FurtherRussia
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

MTN South Africa’s mobile money service to go live in Jan 2020

Staff by Staff
December 19, 2019
in Africa, Banking, Conference, Economy, Finance, South Africa, Tech, Telecom
Reading Time: 2 mins read
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

MTN’s mobile money service will go live in January in South Africa, allowing customers to send, receive, save money and pay for goods using their mobile phones, the mobile operator said on Wednesday.

Last year, group Chief Executive Officer Rob Shuter told a telecoms conference in Cape Town that the company would relaunch mobile money services in South Africa, three years after canning the service.

Shuter, who has experience in banking, is in the middle of a strategic revamp of Africa’s biggest telecoms group to hunt for returns in everything from financial services, music and video games.

“The introduction of this mobile money service is a pivotal step in MTN’s strategy and represents MTN’s participation in the next phase of increasing convergence we are seeing between financial services and mobile technology,” MTN South Africa CEO Godfrey Motsa said in a statement.

The service, called MoMo, will run on the Ericsson Converged Wallet. During the initial phase it will be available to MTN customers and offer basic services such as sending money to any mobile phone number in the country, buying prepaid services like electricity and paying for purchases at selected till points, the firm said.

MTN will kick off the service in a country where about 11 million South Africans remain unbanked, while 50% of the adult population remains thinly served, according to MTN South Africa Chief Officer of Mobile Financial Services, Felix Kamenga.

“MoMo aims to bridge this gap with this innovative mobile money offering, providing a payments solution that encourages financial inclusion,” he added.

The announcement comes months after a subsidiary of MTN Nigeria was granted a “full super agent” licence by the Central Bank of Nigeria that would allow it to provide financial services.

Source: Reuters

Related

Tags: cape townCentral Bank of NigeriaEricsson Converged WalletFeatureFelix KamengaGodfrey MotsaMoMoMTNMTN NigeriaMTN South AfricaNigeriaRob ShuterSouth Africaюжная-африкаجنوب-أفريقيا南アフリカ南非
ScanSendShare320Tweet200Share56Pin72Send
Previous Post

Angola has 14 million mobile telephony users

Next Post

Ethiopia to launch first satellite

Staff

Staff

Related Posts

Ethiopia’s Assela wind farm project enters construction
Renewables

Eastern and Southern Africa’s vast renewables potential offers route to sustainable growth

by Staff
April 20, 2021
Coronavirus

Ethiopian Airlines delivers COVID-19 vaccine to Brazil; over 20 million doses delivered worldwide

by Staff
April 20, 2021
Mozambique

Mozambique: Metical appreciated 35% this year, but earnings expected to reverse – Standard Bank

by FurtherAfrica
April 20, 2021
Wilderness Safaris opens the new DumaTau camp in Botswana
Tourism

Wilderness Safaris opens the new DumaTau camp in Botswana

by BOTSWANA UNPLUGGED
April 20, 2021
Zimbabwe secures US$98M for Brazilian irrigation equipment
Agriculture

South Africa: agribusiness in 2020 and what to expect in 2021

by Farmers Review Africa
April 20, 2021
Next Post
Ethiopia to launch first satellite

Ethiopia to launch first satellite

Ghana digital payments company partners with Visa targeting 180M Africans

African Academy of Sciences announces the 2nd round of calls for a US$72M research programme

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2021 AFSIC
2022 Indaba Mining

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
CrudeMix Africa TechGist Africa Farmers Review Africa
Botswana unplugged Financial Insights Zambia Africa Oil & Power
Harambee Africa Novafrica  

Subscribe to FurtherAfrica

Enter your email address to receive notifications of new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

© 2021 FurtherMarkets

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?