MTN South Africa introduces Mobile Money Service.
MTN South Africa has introduced a new feature on its Mobile Money Service which allows customers to make purchases online using their MoMo wallets instead of a credit card.
This comes after the growing demand for e-commerce growing in South Africa in order to reduce the spread of COVID-19.
The new feature, dubbed, MTN Mobile Money (MoMo) Pay will work over 4 000 e-commerce websites.
The telecom company has committed to partner with small and medium enterprises that offer products and services via e-commerce channels.
Chief Officer for Mobile financial service, MTN SA, Felix Kamenga said, “We expect the overall list of partners to grow to over 30 000 websites over the next several months. This will see these e-commerce sites giving people the option of not using their bank cards to shop online, while enabling a range of SMEs to continue operating during these particularly challenging times.”
MTN MoMo has been successful since it relaunched in South Africa. According to the company there has been an increase in MoMo registrations and usage since the nationwide Covid-19 lockdown began in late March.
Kamenga stated, “We’ve facilitated more than 600 car licence renewals since the service re-opened under revised lockdown level-3 regulations at the beginning of June, and we expect this to remain a key driver of growth as more people begin driving again and going back to work. This is a clear indication that South African consumers are ready to embrace the digital world, with South Africa fast establishing itself as a primary hub for mobile money .”
Aside that, another feature, Food vouchers will be available in July from companies such as Food Lover’s Market, Makro, Pick n Pay, Shoprite, Checkers, Boxer, Clicks, Dis-Chem, Usave and 3 Star.
“Users will have access to vouchers on a single platform, and will be able to, for instance, easily send a grocery voucher to someone in need, in place of cash. There’s no need to hand over credit card or banking details,” Kamenga explained.
Since MTN MoMo launched in February, it has registered about one million customers across South Africa.