MTN's new deal with payments technology firm Flutterwave is set to deliver cash to the mobile wallets of more Africans via MTN Mobile Money (MoMo), with planned expansion in Cameroon, Ivory Coast, Rwanda, Uganda and Zambia.This digital move is primed to plug millions of unbanked people in those countries into mainstream financial services and prop up businesses, especially those in remote areas.The deal between MTN and Flutterwave follows Safaricom's entry into Ethiopia earlier this year, giving it access to a market of more than 110-million potential subscribers.Safaricom, East Africa's biggest telco, is gearing up for the commercial launch of operations in Ethiopia in 2022, with its subsidiary there announcing it will invest $8.5bn (about R123bn) over 10 years to steer digitalisation.The firm aims to build a team of 1,000 employees by June next year."Our ongoing recruitment process is intentionally guided by the promise of a digital future for the people of Ethiopia," Anwar So...
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