MTN Mobile Money tags on Visa
A new deal between MTN and Visa will enable MTN Mobile Money users to make face-to-face and online transactions wherever Visa is accepted.
MTN customers’ devices will be able to pay using their MTN Mobile Money account in stores with Visa Points Of Sale (POS).
In addition, customers will be able to make online payments at all Visa merchants and withdraw money from their MTN Mobile Money account at any Visa ATM.
“The partnership between MTN and Visa will provide MTN Mobile Money customers with access to the entire Visa network, which includes merchants, online vendors and ATMs, to enable a “mobile” payment experience,” said Pieter Verkade, MTN Group chief commercial officer.
The service is will be made available to customers in Ghana first, before the end of the year. The service will then progressively be rolled out across the MTN footprint.
MTN Mobile Money enables users to do national and international money transfers, make utility and other service payments, purchase airtime, access insurance and financial products and make retail payments.
At 30 September 2013, MTN Mobile Money had 13.4 million registered users, and was available in 13 countries.
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