MTN’s New Mobile Money Offering
MTN’s Mobile Money will now allow South African consumers to make purchases online using their MoMo wallets, doing away with the need for a credit card for Internet shopping. MoMo Pay is committed to partnering with a range of small and medium enterprises that offer products and services via ecommerce channels. MTN plans to start with over 4 000 ecommerce websites increasing to over 30,000 e-shops. For consumers, this means that anyone can now do online shopping without the need for a bank card. Even those with credit cards, who do not trust online payments due to safety concerns, can now use MoMo. MTN also has topped a million registered users of the relaunched MoMo platform, less than five months after it went live on 1 February.
Both MTN and rival Vodacom have now launched their 5G services in the last 2 months.
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