The company says there was an increase in MoMo registrations and usage since the nationwide lockdown began in late MarchMTN, SA’s second-largest mobile operator says its mobile money platform — MoMo — has registered more than 1-million users since its launch in February.
On Monday, MTN said it had seen an increase in MoMo registrations and usage since the nationwide lockdown began in late March, “specifically in peer-to-peer remittances, with people sending money to family and friends”. MTN first launched its mobile money platform locally in 2012 before pulling the plug in 2016 because of a lack of commercial viability as three-quarters of the population has bank accounts. Vodacom shut down its M-Pesa mobile money service in SA in the same year, citing similar reasons.operator has partnered with financial services firm Ubank on the project.
“We have an agreement with major partners to enable over 4,000 e-commerce websites that will accept MoMo as a payment method.”
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