MTN enters payments market with MoMo Pay targeting cash-heavy informal sector
Over 95% of transactions in South Africa’s informal sector are still cash-based, exposing traders to theft, limiting access to credit, and excluding millions from the formal economy. MTN says MoMo Pay is a response to this gap.
https://techcabal.com/2025/05/21/mtns-momo-pay-enters-the-payments-market-with-0-5-fee/' target='_blank'>Read Full Story
MTN enters payments market with MoMo Pay targeting cash-heavy informal sector
Over 95% of transactions in South Africa’s informal sector are still cash-based, exposing traders to theft, limiting access to credit, and excluding millions from the formal economy. MTN says MoMo Pay is a response to this gap.
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