MTN digitises payments for underserved with MoMo Pay

MTN South Africa Launches MoMo Pay to Digitise the Informal Economy - Innovation Village | Technology, Product Reviews, Business

MTN South Africa has officially launched MoMo Pay, a digital payment platform designed to help individuals and small businesses—especially in the informal sector—accept cashless payments quickly and affordably. Designed for simplicity and accessibility, MoMo Pay is MTN’s answer to the long-standing dominance of cash in the country’s informal economy, which accounts for over 95% of transactions in that sector. With MoMo Pay, merchants can accept …

MTN digitises payments for underserved with MoMo Pay

The digital payment solution aims to unlock financial opportunities for informal merchants, while bridging the financial inclusion gap.