MTN’s MoMo to target street traders
The company plans to grow its mobile money platform to 3.5-million users
04 June 2023 - 07:24
MTN SA sees a gap in digital payment services for street traders and aims to aggressively grow its mobile money platform to reach 3.5-million users in the next two years.
CEO of South African operations Charles Molapisi said this week: “There is an [opportunity] for a proper fintech [player] for the low base segment of the market. In townships people are trading and collecting cash, so we think we can solve the problem.” ..
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