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MTN plans to relaunch mobile money in South Africa before end of Q4

Tuesday 22 October 2019 | 10:34 CET | News
MTN South Africa says it will launch a new mobile money service before the end of the quarter, reports Mybroadband. MTN South Africa CEO Godfrey Motsa said that there are 17 million people who are unbanked or underbanked in the country, meaning the time was right to re-enter the market. He noted that similar mobile money services had failed twice previously, but that its current offering has remained incredibly popular in the rest of Africa.

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Categories: Mobile & Wireless
Companies: MTN South Africa
Countries: South Africa
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