An MTN logo is seen outside the company's headquarters in Johannesburg, South Africa, March 13, 2023.
With about 9 million registered mobile money subscribers in South Africa, MTN South Africa's Chief Financial Services Officer Bradwin Roper told reporters on Thursday the group is largely focusing on the roughly 15% of South Africans that are still unbanked.
South Africa-based mobile money users will now be able to send money to recipients across over 10 African countries in real time if they are also registered users of the MTN service, Roper said.
To make payments easier for such business owners, MTN also launched what it says are cheaper-to-rent point-of-sale devices that merge payments and other added services like airtime purchases into one device.
MTN relaunched its South African mobile money business early in 2020, more than three years after closing it.
Persons:
Siphiwe, Bradwin Roper, Roper, Nqobile Dludla, Jan Harvey
Organizations:
MTN, REUTERS, Rights, MTN South Africa's, Financial, Thomson
Locations:
Johannesburg, South Africa, Rights JOHANNESBURG, Africa, South