MTN has rolled out a new feature of its Mobile Money service that will allow South African consumers to make purchases online using their MoMo wallets, doing away with the need for a credit card for Internet shopping.
“We expect the overall list of partners to grow to over 30 000 websites over the next several months,” MTN South Africa chief officer for mobile financial services Felix Kamenga said.
Even those with credit cards, who do not trust online payments due to safety concerns, can now use MoMo instead, MTN said.
Both MTN and rival Vodacom had previously launched mobile money services in South Africa – the latter using the M-Pesa brand – but the companies exited the market citing disappointing uptake.
Relaunched
MTN, which has much success with MoMo in some other markets in Africa, decided to relaunch the product in South Africa.
