The deal with Mastercard expands the breadth of MTN’s Mobile Money services across 13 African markets.
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MTN South Africa is venturing ever further into territory traditionally occupied by the country’s banks.
MTN Group has signed an initial agreement with global payments giant Mastercard to sell a minority stake in its fintech arm.
MTN South Africa has launched a hackathon to challenge developers to build solutions on top of its Mobile Money platform.
Bradwin Roper, newly appointed CEO of MTN’s financial services unit in South Africa, has big plans for Mobile Money.
Shares of MTN Nigeria hit an all-time high on Monday after receiving approval to operate mobile money services in Africa’s most populous country.
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.
MTN South Africa will have a second go at a mobile money offering in South Africa when a redesigned platform goes live to the public next month after more than a year of development.
MTN South Africa is making “good progress” in its plans to relaunch mobile money services in South Africa, according to group CEO Rob Shuter.
Two years after pulling the plug on its Mobile Money service in South Africa, MTN Group plans to relaunch the service in South Africa, according to sources close to the matter.