Tech in Africa
MTN South Africa has simplified the loading of funds for Mobile Money (MoMo) users. According to a post on IT News Africa, Thomas Pays the CEO of Ozow described the partnership as ” one more step” in enabling “greater digital and financial inclusion” for all of South Africa.
MTN MoMo was launched in early 2020 crossing a million users by June offering users an easy way to send money to their families and friends. The same applies to access to value-added services such as renewal of car license discs, prepaid electricity, online purchase of products, and an affiliate network of eCommerce partners.
Felix Kamenga, the Chief Officer at MTN SA’s Mobile Financial Services, mentioned their introduction of new innovative features that benefit their users with safe, convenient, and simple transactions for millions of South African users carrying out essential and convenient transactions through their mobile devices.
Ozow (formerly iPay) is a South African fintech EFT payment service. We earlier covered the launch of the #OzowRevolution, launching the Ozapp and Ozow PIN. Africa remains the center of the global mobile money industry boasting over 469 million registered mobile money users, transacting nearly two-thirds of the global transactional volume.
You can access Ozow’s Instant EFT payments option through MTN MoMo.
