South African mobile operators and biggest banks have been gearing up to fight for their slice of Africa’s vast unbanked population. Around 11 million South Africans do not have banking facilities, while 50% of the adult population remains thinly served, according to Kamenga. — AP
JOHANNESBURG: South Africa’s MTN is branching into the online shopping space by providing its customers with the option to pay for online purchases using mobile money payment instead of a bank card.
The spread of Covid-19 has accelerated the adoption of mobile financial services, which are increasingly being recognised as a means to mitigate the use of bank notes and coins amid the pandemic.
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