MTN Mobile Money (MoMo) is now available for businesses using Africa’s indigenous payments technology, Flutterwave, in Cameroon, Côte d’Ivoire, Rwanda, Uganda, and Zambia. This follows the recent mobile money partnership with the fintech firm to empower millions of businesses to embrace e-commerce in the MTN markets by accepting digital payments from MoMo consumers.
MTN’s MoMo is a fintech platform that offers an electronic wallet to consumers and businesses which allows them to make electronic transfers and payments as well as access to digital and financial services.
The new partnership will enable Flutterwave to offer MTN MoMo as a payment method to its business customers in the above-listed countries across Africa, thereby accelerating the penetration of both firms in Africa to improve their local economies.
The Chief Digital and Fintech Officer of MTN Group, Mr Serigne Dioum, while speaking on the deal, considered it to be a strategic move in booting digitized payments while creating opportunities for individuals and businesses across the continent.
“As we progress on our journey to becoming the largest fintech platform in Africa, we will empower millions of businesses to embrace e-commerce in our markets to accept digital payments from MoMo consumers.
“We believe this is an enabler to accelerating digitized payments in Africa. Building strong ecosystems through partnerships is central to our platform strategy and we will continue to invest in expanding the reach of our platform to consumers and businesses in Africa,” Mr Dioum explained.
This is happening as MTN celebrates the 20 years anniversary of its operations in Nigeria with the theme “Celebrating the past, inspiring the future”.