Johannesburg — MTN MoMo South Africa has expanded its strategic collaboration with Mastercard to accelerate financial inclusion and extend access to secure digital financial services across the country.
By integrating MTN MoMo’s broad local network with Mastercard’s advanced payment technology, the partnership aims to empower millions of South Africans to participate in the digital economy, offering seamless, safe, and convenient ways to manage money digitally.
New Features for a More Inclusive Digital Economy
The enhanced partnership introduces new functionalities to the MoMo platform, allowing users to top up their MoMo Wallets using debit or credit cards via the Mastercard Payment Gateway Services (MPGS).
This feature provides a fast and secure one-click funding experience, enabling users to transact with greater ease regardless of their location.
Kagiso Mothibi, CEO of MTN Fintech SA, highlighted the social impact of this innovation:
“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.”
Enhanced Security and Trust Through Tokenisation
Mastercard’s tokenisation technology now forms part of the MoMo ecosystem, replacing sensitive card details — such as the 16-digit card number, expiry date, and CVC — with a unique digital token.
This approach enhances transaction security, reduces fraud risk, and increases user confidence in digital payments.
Gabriël Swanepoel, Country Manager for Southern Africa at Mastercard, stated:
“Security is central to MTN’s offering. By integrating Mastercard’s fraud monitoring tools, we are strengthening protection for users and building greater trust in digital financial services.”
Commitment to Evolving Digital Solutions
The partnership between MTN MoMo and Mastercard is designed to evolve with customer needs, supporting South Africa’s growing digital payments ecosystem through continued innovation and secure, app-based services.
Together, the two companies are laying the groundwork for a more inclusive and cashless financial future, ensuring that secure digital access becomes a right — not a privilege — for all South Africans.
