NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Wednesday, December 18, 2019

By Duncan McLeod

MTN South Africa will have a second go at a mobile money (MoMo) offering in South Africa when a redesigned platform goes live to the public next month after more than a year of development.

The mobile operator said in a statement on Wednesday that the service, which will be available by the end of January, will allow customers to send, receive, save and spend money as well as pay for goods and services using their mobile phones.

It is finalising engagements with regulatory bodies, including the South African Reserve Bank, ahead of the planned relaunch.

Photo courtesy of John O’Bryan.