MTN Money
Expanding Financial Access Through Mobile Innovation in Africa
MTN Money is a mobile financial service developed by MTN Group, tailored to meet the needs of communities across Sub-Saharan Africa. By enabling users to send money, pay bills, and manage finances directly from their mobile phones, it brings essential banking functions to underserved populations and plays a vital role in advancing financial inclusion in the region.

Country:
South Africa
Population (South Africa)
60 million (estimated)
Number of Internet users
40 million (estimated)
Popular payment methods
Credit Cards, Debit Cards, E-Wallets, Cash Payments, Bank Transfers
Credit Card
0%
Debit Card
0%
E-Wallets
0%
Cash Payments
0%
Bank Transfers
0%
Other
0%
About payment system
MTN Money has emerged as a game-changer in the financial landscape of Sub-Saharan Africa, offering practical solutions to the region’s limited access to traditional banking. Aimed at individuals without access to formal financial services, the platform allows users to set up mobile wallets linked directly to their phone numbers.
Funds can be deposited into these wallets through a network of authorized agents, typically located within local communities. Once loaded, users can perform a wide range of financial tasks — from sending money to loved ones and paying utility bills to topping up mobile airtime and even accessing services like savings and microloans.
The platform’s emphasis on ease of use and broad availability has driven its rapid growth. By enabling people outside the formal banking system to manage money and engage in commerce, MTN Money helps close the financial inclusion gap and opens new economic opportunities.
As mobile connectivity expands throughout the region, MTN Money continues to lead the charge in democratizing financial access. Its influence extends beyond basic payments, fostering economic resilience, empowering individuals, and accelerating digital progress in communities that have long been underserved by traditional financial institutions.
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