MTN has launched payments and remittance features within its MoMo app, doubling down on its fintech and mobile money play in South Africa.
The services will enable MTN users to send cash abroad and businesses to accept payments at a 4% service fee, which the company claims is half of what incumbents currently charge.
It has partnered with fintech platform Clicksendnow to provide the service in Zambia, Ghana, Cameroon, Rwanda, Uganda, Ivory Coast, Liberia, Congo-Brazzaville, Benin, Guinea Conakry and Guinea Bissau.