MTN Group has announced a partnership with Flutterwave that would allow businesses that use Flutterwave to accept payments using MTN Mobile Money.
Businesses in Cameroon, Côte d’Ivoire, Rwanda, Uganda, and Zambia that use Flutterwave benefit from this relationship.
The MTN group stated in a statement that the cooperation will assist enhance mobile money usage and penetration in Africa, which would help to improve local economies and livelihoods while also providing opportunities for individuals and businesses across the continent.
“As we progress on our journey to becoming the largest fintech platform in Africa, we will empower millions of businesses to embrace e-commerce in our markets to accept digital payments from MoMo consumers,” MTN Group Chief Digital and Fintech Officer Serigne Dioum stated.
“We believe this is an enabler to accelerating digitised payments in Africa. Building strong ecosystems through partnerships is central to our platform strategy and we will continue to invest in expanding the reach of our platform to consumers and businesses in Africa”.
“Africa has one of the highest growth rates for mobile money usage and e-commerce in the world,” stated Flutterwave’s Founder and CEO, Olugbenga Agboola. It makes sense that we help provide a seamless payment method to support and ensure African businesses reap the full benefits of the e-commerce boom in the region”.
“Our goal has always been to grow a new wave of prosperity in Africa by creating more avenues for businesses in Africa to accept payments. With this partnership, we can achieve this while creating endless possibilities for our customers”.
MTN MoMo had 48.9 million active users and 581,514 businesses as of the end of June, according to MTN.
Recall that, In this year’s mPulse Spelling Bee competition, MTN Nigeria said the top 20 spellers, their teachers, and the spelling bee champion’s school will be rewarded with over ₦7 million in cash prizes, smartphones, laptops, and goody bags.