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MTN Mobile Money app (MTN MoMo) which is powered by uBank, said it had expanded into the digital health service space with the Nurse & Video-Dr Consult prepaid solution. ....
JOHANNESBURG, (CAJ News) – MTN South Africa and the International Finance Corporation (IFC) have signed a US$2 million partnership to grow the mobile network operator’s Mobile Money (MoMo) network. The partnership will target the unbanked and underbanked population through establishing a strong network of MoMo agents in the country. The partnership will also see a strong job employment drive and will see IFC and MTN South Africa seek to recruit 10 000 agents in 2021. This is to increase access to affordable financial services in underserved communities. “IFC has assisted with funding and advisory services in several other Fintech operations in Africa and this partnership provides the opportunity to bridge the digital divide and broaden financial inclusion in South Africa,” said Felix Kamenga, Chief Officer for Mobile Financial Services at MTN South Africa. ....
MTNâs MoMo gets its mojo in SA with IFC partnership By Given Majola Share DURBAN - SOUTH African mobile telecommunications company MTN yesterday announced a R28m partnership with the International Finance Corporation (IFC), a member of the World Bank Group, to expand MTNâs Mobile Money (MoMo) business in South Africa. The partnership was targeted at the unbanked and underbanked population through establishing a strong network of MoMo agents. Felix Kamenga , MTN South Africa chief officer for Mobile Financial Services, said the partnership provided the opportunity to bridge the digital divide and broaden financial inclusion. According to a recently published article by the Oxford Business Group, about 23.5 percent of the people in the country were unbanked, while R12 billion in cash was believed to be held outside of banks. ....
MTN gets R28 million to recruit 10,000 Mobile Money agents in South Africa mybroadband.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mybroadband.co.za Daily Mail and Mail on Sunday newspapers.