MTN MoMo's innovative strides

MTN Mobile Money (MoMo) is simple and safe to use, with no monthly fees and available to everyone, on any South African cellphone number. Since its reintroduction in 2019, MoMo has witnessed remarkable growth, gaining the trust and loyalty of millions of users. This isn't just a platform; it's a financial ecosystem that empowers South Africans by providing them with accessible and convenient financial services.

The innovative strides made to better serve our customers with the growth of our mobile money platform include:

• International Remittances

One of the most significant enhancements we've made to MTN MoMo is the introduction of International Remittances. We understand the importance of staying connected with loved ones, no matter where they are. With this new feature, South Africans can now send money to family and friends in other countries, especially across Africa, where MTN MoMo is available.

• The strategic significance here is clear. We're facilitating cross-border transactions, empowering South Africans to support their families abroad. And this isn't just about financial transactions; it's about strengthening family ties and making a meaningful impact on both sides of the border. As for security, we've implemented robust measures to ensure the safety and reliability of these transactions.

• MoMo Eazi

We all know that convenience is key in today's fast-paced world. MoMo Eazi simplifies the registration process for our users, making it quicker and easier than ever before to access MoMo services. Think of it as our way of saying, "We're here to make your life easier."

By making MoMo more user-friendly, we're addressing the specific needs of South Africans who want financial services that are accessible and hassle-free. We believe this will encourage more people to embrace the benefits of MoMo.

• Pre-Paid Funeral Cover

This is a unique offering that we're incredibly proud of. It's all about addressing the financial concerns and needs of South Africans, especially in uncertain times.

With Pre-Paid Funeral Cover, our users can obtain coverage with a simple one-time payment, without the need for ongoing debit orders. It's an affordable solution that provides peace of mind to our customers and their families.

• Value-Added Services (VAS)

Our value-added services are a cornerstone of MoMo's value proposition. They include bill payments, airtime purchases, and more, all at no additional cost to our users.

What sets us apart here is that these services are on par with those offered by traditional banking apps. But the difference? They're completely free. This isn't just about convenience; it's about accessibility and affordability. We want all South Africans to have access to these essential financial tools.

• MoMo POS Devices

These devices are set to revolutionise payment solutions for businesses.

The MoMo POS device empowers businesses to seamlessly process payments through both card transactions and MoMo payments. Looking ahead, these businesses will gain the exciting opportunity to offer Value Added Services directly from their MoMo POS devices. This not only expands their customer reach but also allows them to augment and diversify their revenue streams by earning commissions on these value-added sales.

With uninterrupted, always-on connectivity and a robust battery designed to withstand power outages, our aim is to keep our MoMo Business customers consistently connected and fully equipped to succeed in their ventures.

• MoMo Business Sub-Wallet?

Informal Traders and entrepreneurs can boost their business with a MTN MoMo Business wallet.?

This allows them to accept QR payments and get paid for free. They can get payments from MoMo customers directly and in real time into their MoMo Business Wallet without any transaction fee and increase profits by saving on. Can also expose their businesses to over 9 million South Africans who have opened MoMo Wallets.

MoMo isn't just a platform; it's a commitment. A commitment to making financial services more accessible, more user-friendly, and more affordable for South Africans. It's a commitment to supporting families, strengthening communities, and driving economic growth.