MTN South Africa said on Monday that users of its MoMo mobile money platform can now “cash out”, or withdraw funds, at Nedbank-owned ATMs.
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MTN Group has partnered with the International Finance Corporation to train mobile money agents across South Africa to target unbanked and underbanked segments of the population.
MTN has rolled out a new feature of its Mobile Money service that will allow South African consumers to make purchases online using their MoMo wallets – no bank card required.