The deal makes MTN the second major South African operator to lean on the Chinese fintech giant for its super-app ambitions.
Browsing: MoMo
South Africa’s banks have a structural advantage telecoms operators cannot cross. They may not have long to use it.
Vodacom and MTN groups’ fintech arms now process a combined value of over $1-trillion/year in transactions.
Standard Bank’s R164-trillion in annual payment flows dwarfs the entire global mobile money ecosystem fourfold.
Global mobile money transactions surpassed $2-trillion in 2025, doubling in just four years, with Africa driving the growth.
Strong growth in Ghana and Uganda has pushed transaction volumes past the half a trillion dollar mark.
Financial services has become a key strategic revenue driver for both Vodacom Group and MTN Group in Africa.
The rent-to-own smartphone model puts digital access in every South African’s hands.
MTN will make 4G and 5G smartphones available on credit to prepaid customers – without the need for credit checks.
Kagiso Mothibi, CEO of Fintech at MTN South Africa, discusses the network operator’s grand vision for fintech and mobile money.