MTN MoMo South Africa is expanding its strategic collaboration with Mastercard in a bid to increase access to digital financial services and support greater financial inclusion across South Africa.
By combining MTN MoMo’s local reach with Mastercard’s secure technology, the partnership aims to allow more South Africans to access and benefit from the digital economy. The collaboration introduces new features to the MoMo platform, including the ability for users to top up their MoMo Wallet using debit and credit cards via Mastercard’s Payment Gateway (MPGS). This service offers a seamless, secure and convenient experience for users, regardless of their location.
Kagiso Mothibi, CEO of MTN Fintech SA, said: “These innovations are not just about convenience – they are about inclusion. Many South Africans have limited or no credit history. By using the MoMo Wallet, they can begin to build a financial profile and access services that were previously out of reach.”
Gabriël Swanepoel, Country Manager for Southern Africa at Mastercard, said: “Security is central to MTN’s offering. By integrating Mastercard’s advanced fraud monitoring tools, we are strengthening protection for users and building greater trust in digital financial services. These enhancements incorporate Mastercard’s tokenisation security technology, which replaces sensitive payment card details such as the 16-digit card number, expiry date and CVC with a unique digital identifier called a token. This supports secure, one-click top-ups and offers users faster, more convenient MoMo Wallet funding with higher transaction success rates.”
The companies have pledged that their agreement will continue to evolve in response to customer needs, with a focus on secure, app-based features that support South Africa’s growing digital ecosystem.
