Mobile Giant Takes Another Crack at South Africa’s Mobile Money Market

Tuesday, November 5, 2019

By Natasha Odendaal

Telecommunications group MTN South Africa is preparing to launch – for the third time – a mobile money (MoMo) service in South Africa during the final quarter of this year.

MoMo forms a critical part of the group’s growth prospects, and MTN South Africa is confident that MoMo can mimic the success that saw telephony and the Internet being revolutionised and democratised over the past two decades.

“We are really confident that, this time, we will get it right,” MTN South Africa CEO Godfrey Motsa assures.

Photo courtesy of John O’Nolan.

Source: Engineering News (link opens in a new window)

Finance, Telecommunications
financial inclusion, telecommunications