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chaimaa-rachid

MTN pumps millions into MoMo as it nears 2m users in SA | ITWeb - 1 views

www.itweb.co.za/...mYZRXM9alDrMOgA8

MoMo two-million Finetch

shared by chaimaa-rachid on 12 Feb 21 - No Cached
  • According to Kamenga, key success factors of mobile wallets are distribution networks and building an ecosystem around the product to encourage usage and transactions.“These are the areas where the previous deployment was lacking. The new MTN Mobile Money service comes with new innovative features that cater to the current economic landscape and consumer behaviour.
  • The MTN Mobile Money (MoMo) platform is closing in on a total of just over two million users since its relaunch in February.
  • mohammed_ab on 12 Feb 21
     
    This article emphasizes the importance of a good ecosystem and distribution networks for the success of mobile fintech solutions. I liked how the article linked between the telecommunication systems and fintech solutions like MoMo.
  • chaimaa-rachid on 13 Feb 21
     
    The new platform (MoMo) has reached 2 million users as it is easy and secure, with no monthly expenses, you can also use it even if you don't have a bank account.
mohammed_ab

MTN South Africa has collaborated with SA fintech Ozow to simplify MoMo transfers - Tec... - 2 views

www.techinafrica.com/zow-to-simplify-momo-transfers

MTN Ozow Collaboration Fintech

shared by mohammed_ab on 12 Feb 21 - No Cached
  • 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.
  • mohammed_ab on 12 Feb 21
     
    I like this service a lot as it allows you to transfer money using your mobile phone and pay daily bills like electricity in a very convenient way.
mohammed_ab

MTN Group furthers financial inclusion - MTN Group - 0 views

www.mtn.com/p-furthers-financial-inclusion

MTN Financial inclusion Fintech

shared by mohammed_ab on 12 Feb 21 - No Cached
  • Initially designed to facilitate the transfer of cash between mobile users, MTN’s MoMo offering is now much broader. The group works with numerous partners to offer services including loans, insurance, remittances and MoMo Pay, enabling customers to store money in their mobile wallets with which they can then pay for goods or services at registered merchants. Mobile money services have grown faster in Africa than anywhere else in the world. In 2020, the trend has quickened, and the value of transactions has increased, partly supported by MTN’s reduction in MoMo transaction fees in many operations to assist customers battling the impacts of the pandemic.
  • mohammed_ab on 12 Feb 21
     
    I like how MTN has developed its fintech service MoMo that was originally just for money transfer using mobile phones but has rapidly grown to other services like loans and remittance.
mohammed_ab

Fintech alliance facilitates MoneyGram MoMo transfers in Cameroon | ITWeb Africa - 2 views

itweb.africa/...KPNG878K4j3v4mwD

MTN Fintech partnership Financial inclusion

shared by mohammed_ab on 08 Feb 21 - No Cached
  • MTN Mobile Money (MoMo) subscribers in Cameroon can now receive international money transfers through MoneyGram directly into their mobile wallets. This is thanks to a recent partnership between MoneyGram and MFS Africa, which extends the inbound international money transfer service to MTN MoMo payment accounts on new channels.
  • mohammed_ab on 08 Feb 21
     
    This article shows how partnerships are essential for the growth of a company. MTN Mobile Money is already a successful and high growing fintech service with over 22.2 million subscribers in over 15 countries. Even with its established success, MTN needed the partnership between MoneyGram and MFS Africa to offer its subscriber in Cameroon the benefit of receiving international money transfers through MoneyGram. This partnership will allow MoMo to capture new revenue streams.
chaimaa-rachid

MTN South Africa Collaborates with Ozow to Further Simplify MoMo Transfers - NaijaTechG... - 0 views

news.naijatechguide.com/urther-simplify-momo-transfers

Ozow MTN Partnership

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • ‘’Clearly, Ozow is another step towards making it more secure and safer for millions of South Africans to perform mobile transactions conveniently through a USSD code or the MoMo app,’’ says Felix Kamenga, Chief Officer of MTN Mobile Financial Services, South Africa.
  • chaimaa-rachid on 13 Feb 21
     
    This service seems interesting as it permits you to move cash utilizing your cell phone and you can also pay your bills in an easy manner.
chaimaa-rachid

Fintech alliance facilitates MoneyGram MoMo transfers in Cameroon | ITWeb Africa - 0 views

itweb.africa/...xA9POvNYQ4kqo4J8

Subscribers Cameroon money-transfer

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • MTN Mobile Money (MoMo) subscribers in Cameroon can now receive international money transfers through MoneyGram directly into their mobile wallets
  • chaimaa-rachid on 13 Feb 21
     
    I think it's a great idea for the partnership between MTN and MoneyGram to offer its supporter in Cameroon the benefit of getting worldwide remittances through MoneyGram.
chaimaa-rachid

MTN launches Mobile Money in South Africa - 0 views

businesstech.co.za/...s-mobile-money-in-south-africa

MTN mobile-money Ubank

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • MTN has launched its Mobile Money (MoMo) services in South Africa in partnership with Ubank.
  • “It is a great privilege for us as a bank to partner with a renowned brand such as MTN in working on a product which will create value for consumers in the under-serviced and under-banked segments of the market.”
  • chaimaa-rachid on 13 Feb 21
     
    The partnerships between MTN and Ubank will help the two companies to increase the lease of knowledge, expertise, and resources available to create better products and reach more audiences.
mehdi-ezzaoui

MTN reports 23% rise in FinTech revenue to launch cash deposits and withdrawals | Naira... - 2 views

nairametrics.com/...-cash-deposits-and-withdrawals

MTN Fintech Service

shared by mehdi-ezzaoui on 12 Feb 21 - No Cached
  • MTN Nigeria, the largest mobile telecommunication firm in the country has reported a 23% rise in its FinTech revenue. This was confirmed by the company CEO, Ferdi Moolman in the company’s notes to the results
  • MTN also revealed plans to widen its FinTech service offering “from basic transfer service and airtime/data sales to a more extensive bouquet, including cash deposit and withdrawal services, bill payments and facilitating -e-commerce” it concluded.
  • MTN has also recorded an increase in data revenue which it ascribed to “greater population coverage, a revamp of our data portfolio and initiatives to drive 4G device penetration”
  • ...1 more annotation...
  • MTN’s foray into the FinTech space has often been viewed as a game-changer in a very competitive and dynamic FinTech space. With its huge balance sheet and brand power, the company has a large cash pile that it can throw into space.
  • mohammed_ab on 12 Feb 21
     
    MTN one of the largest telecommunication in the world has been investing a lot in fintech in African countries with their MoMo service. The company witnessed a rise in Fintech revenues which will enable the company to offer more fintech solutions.
  • chaimaa-rachid on 13 Feb 21
     
    From this article we can see that MTN has grown and continues to grow as more and more people will rely on them.
  • mehdi-ezzaoui on 13 Feb 21
     
    MTN's foray into the FinTech space has often been viewed as a game-changer in a very competitive and dynamic FinTech space.
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