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

Visa

Visa

Credit/Debit card

Visa is a multinational financial services corporation founded in the United States.

Vodafone Cash

Vodafone Cash

Mobile money

Vodafone Cash is an innovative mobile money platform.

Quick Transfer Asia

Quick Transfer

Online banking

Quick Transfer is a providing a convenient way to move money quickly.

PromtPay QR

PromptPay QR

QR Payment

PromptPay QR is an innovative digital payment solution.

Tigo Pesa

Tigo Pesa

Mobile money

Tigo Pesa is a prominent mobile money service in Tanzania.

Logo (11)

MobilePay

MobilePay: Discover payment solutions in Denmark

MobilePay, launched by Danske Bank in 2013, is one of Denmark's most popular mobile payment systems, used by more than 85% of the population.

pix brazil

PIX

Online banking

PIX is a revolutionary instant payment method developed and supported by Brazil's Central Bank.

Mobile Money Malaysia

Mobile Money

Mobile Money: Discover payment solutions in Malaysia

Mobile Money is an e-money service conducting payments via moblie phone. Discover other payment solutions at spoynt.com

MobiFone

MobiFone

Online banking

MobiFone is a prominent mobile payment platform in Vietnam.

UZCARD logo png

UZCARD

Credit/Debit card

UZCARD is a pioneering payment system in Uzbekistan.

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.