Retail giant launches mobile money in South Africa

Friday, May 25, 2018

By Chris Donkin

Retail group Shoprite launched mobile money services in South Africa, a country where operators Vodacom and MTN both abandoned similar services in 2016.

Shoprite is one of the largest retail chains in South Africa and on the African continent. It owns a number of supermarket brands and other consumer-facing businesses across 15 markets including Nigeria, Ghana, Uganda and Zambia.

Company information shows it serves 35 million customers a day and operates almost 3,000 outlets, including franchises.

Photo courtesy of John Hogg.

Source: Mobile World Live (link opens in a new window)

digital payments, fintech, mobile finance