Mobile payments in SA: MTN gears up for another crack

Business

Mobile payments in SA: MTN gears up for another crack

The network failed with its initial launch in 2012, as did Vodacom with M-Pesa in 2016. Third time lucky?

Mudiwa Gavaza

SA’s fintech market may be a tough nut to crack for companies such as MTN (https://www.sharenet.co.za/v3/quickshare.php?scode=MTN), trying to bring the mobile money revolution to this part of Africa.

As MTN looks to relaunch its mobile money (MoMo) service in SA later this year, questions have to be raised about how this plan will succeed when the initial 2012 launch failed.

Will fintech providers in SA continue to be victims of a mature and sophisticated financial services industry?..

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