South African mobile operator has partnered with Pick n Pay and Boxer to provide mobile money services to South Africans.
Individuals can purchase a Pick n Pay SIM card, powered by MTN, to access the mobile money accounts.
Pick n Pay entered the mobile money market in 2012 when it partnered with the South African Bank of Athens.
“The new SIM card will also reward customers with an additional 10 per cent airtime when they top-up at Pick n Pay and Boxer stores,” MTN said.
The service is open to all South Africans over the age of 16 and consumers are able to open upgrade their mobile money accounts in store.
“Pick n Pay has long been the consumer’s champion, and this latest partnership with MTN challenges the status quo by giving customers another first for the country – a safe and secure way to transfer money at no cost and to enjoy free banking services in-store. We believe the Mobile Money account will be a game-changer in bringing the benefits of secure, convenient and affordable banking to millions of people who are currently excluded from the formal financial system and who face prohibitively high transaction cost,” said Richard van Rensberg, deputy chief executive officer (CEO) of Pick n Pay.
“Improved financial inclusion is widely recognised as a key component in driving inclusive national growth, an imperative for the South African economy. The Mobile Money innovations, including the first free money transfer service, is part of our continued commitment to revolutionise banking and drive economic inclusion, and we look forward to its take up by South Africans,” said MTN CEO Zunaid Bubulia.
HumanIPO reported on Monday on the launch of an MTN Mobile Money Visa Card.
“We’re now letting you do even more with your Mobile Money account. You can now get your very own Mobile Money Visa Card, available from any Pick n Pay or Boxer store,” MTN said.\
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