Grace Ashiru
MTN Group Fintech has launched the MoMo Financial Aid Kit in Zandspruit, South Africa, as part of MTN Group’s 2026 edition of 21 Days of Y’elloCare. The initiative is designed to give young people and underserved communities practical financial knowledge that can help them make better decisions, manage money more confidently and participate more meaningfully in the economy.
This year’s Y’elloCare campaign is themed “Expanding Equitable Health for Every Community” and focuses on using employee volunteerism to support community-led impact. Across MTN Group, staff members are contributing their time, skills and resources to projects that improve wellbeing and respond to real social needs.
For MTN Group Fintech, the Zandspruit programme extends that mission into financial wellbeing. The company says financial health is closely connected to broader quality of life, especially in communities where young people face unemployment, high living costs and limited access to financial guidance.
The MoMo Financial Aid Kit will run from June 1 to June 21, 2026. During the programme, participants will receive financial education materials that simplify complex money concepts and turn them into practical, everyday guidance. The aim is to help people understand how to budget, plan, use financial tools responsibly and build confidence in handling personal finances.
Zandspruit was selected because it reflects many of the economic pressures facing young South Africans. Limited job opportunities, rising household costs and a lack of structured financial education can make it harder for young people to plan ahead or take advantage of available financial services. MTN Group Fintech believes that improving financial literacy can help close that gap.
Nikiwe Tanga, Chief Legal Officer at MTN Group Fintech, said the company’s ambition is to move beyond enabling transactions and focus on improving lives. She noted that financial inclusion is not only about giving people access to services, but also about helping them understand how to use those services in ways that improve daily life and long-term outcomes.
The programme will be delivered with the support of MTN Group Fintech employee volunteers, who will lead workshops and community engagement activities. Their role will be to connect directly with participants, share knowledge and help translate digital finance into simple, useful lessons.
Mosa Pakane, Senior Manager for Corporate Affairs at MTN Group Fintech, described Y’elloCare as a point where MTN’s purpose meets people. She said the combination of financial education, digital tools and direct human engagement can help simplify money matters and create real progress for communities.
Through the MoMo Financial Aid Kit, MTN Group Fintech is presenting financial literacy as a key part of empowerment. The initiative is not only about bringing more people into the digital finance system, but also about ensuring they have the knowledge and confidence to benefit from it.
