More payment methods

MTN Money

Transforming Financial Services in Sub-Saharan Africa

MTN Money is a pioneering mobile payment and financial service offered by MTN Group, a telecommunications giant operating across multiple countries in Sub-Saharan Africa. Designed to cater to the region’s unique financial landscape, MTN Money empowers users to conduct a wide range of financial transactions using their mobile phones, bridging the gap between traditional banking services and digital innovation.

% of coverage
  • Country

    South Africa

  • Population

    60 million (estimated)

  • Number of Internet users

    40 million (estimated)

  • Popular payment methods

    Credit Cards, Debit Cards, E-Wallets, Cash Payments, Bank Transfers

% of coverage
  • Credit Card

    20%

  • Debit Card

    35%

  • E-Wallets

    25%

  • Cash Payments

    10%

  • Bank Transfers

    8%

  • Other

    2%

Payment Method Overview
  • Type:Mobile Money Service
  • Currency:Multi-currency (varies by country)
  • % of coverage:50% of mobile money transactions in Africa (estimated)
  • Money transfers to date:150 billion USD (estimated)
  • Total customers:60 million (estimated)
  • Refunds:Yes, limited by MTN policies
  • Chargebacks:No

About payment system

MTN Money emerges as a transformative force in Sub-Saharan Africa’s financial landscape, addressing challenges related to limited access to traditional banking services. Designed to cater to individuals who lack access to formal financial institutions, MTN Money enables users to create virtual wallets linked to their mobile phone numbers.

Users can load funds into their mobile wallets at authorized agents, often found in local communities, and then use those funds to make various transactions. These transactions include sending money to family and friends, paying bills, purchasing airtime, and even accessing more advanced financial services like savings and loans.

MTN Money’s focus on accessibility and simplicity has contributed to its widespread adoption. It empowers people who were previously excluded from formal financial systems, enabling them to participate in economic activities, manage their finances, and access services that were once out of reach.

As mobile penetration continues to rise across Sub-Saharan Africa, MTN Money remains at the forefront of driving financial inclusion. Its impact transcends mere transactions; it fosters economic empowerment, social development, and digital transformation, highlighting the potential of technology to drive positive change in underserved communities.

Read all
Payment flow

The customer selects Visa as their payment option and enters their credit card details to complete the payment.

Payment methods that also might be interesting

Troy

Troy

Credit/Debit card

Troy is a national card payment scheme introduced by the Interbank Card Center.

Mobiphone Money

MobiFone Money

MobiFone Money: Discover payment solutions in Vietnam

MobiFone is the first mobile money service provider in Vietnam. Discover other payment solutions at spoynt.com

MobiFone

MobiFone

Online banking

MobiFone is a prominent mobile payment platform in Vietnam.

Jeton

Jeton

Digital wallet

Jeton is a digital payment platform that offers users a secure and way to make online payments.

Papara

Papara

Digital wallet

Papara is a digital payment platform and financial management solution in Turkiye.

Дизайн без назви (2)

Paysafecard

Paysafecard: Discover payment solutions in Poland

Paysafecard, a leader in eCash payment solutions and part of the Paysafe Group, was founded in 2000 and operates across 60 countries globally.

Interac

Interac

Online banking

Interac Online is one of Canada's leading electronic payment services.

GoPay

GoPay

Digital wallet

GoPay is a leading mobile payment platform hailing from Indonesia.

Zamtel

Zamtel

Mobile money

Zamtel Kwacha is a revolutionary mobile money platform.

Blik

Blik

Digital wallet

Blik is a mobile payment solution that originated in Poland.

Show all payment methods
Pricing

Pricing request

Our fare pricing is designed to bring satisfaction to both sides of our partnership. The pricing structure is tailored to your specific business type and monthly turnover. Kindly send us a request, including details about your business, and our dedicated success manager will promptly get back to you with our best offer.