MTN wants MoMo to crack South Africa’s cash-heavy payments market

Cash still dominates everyday payments in South Africa, making it a challenging market for MoMo, MTN’s mobile-money and digital financial services platform. But as the country overhauls its payments infrastructure and opens the market to more competition, the company sees a chance to change how South Africans pay. MTN wants MoMo to become a broader financial and transactional platform , linking consumers and merchants to payments, credit, remittances and other digital services across its African