{"id":136845,"date":"2016-09-15T16:35:14","date_gmt":"2016-09-15T14:35:14","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=136845"},"modified":"2016-09-15T16:36:21","modified_gmt":"2016-09-15T14:36:21","slug":"mtn-south-africa-is-closing-mobile-money","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/136845\/mtn-south-africa-is-closing-mobile-money\/","title":{"rendered":"MTN is closing Mobile Money"},"content":{"rendered":"<p>MTN South Africa is closing its Mobile Money offering due\u00a0to a lack of commercial viability.<\/p>\n<p>It\u00a0launched its mobile money platform in 2012, which attracted over 2 million customers, said MTN.<\/p>\n<p>\u201cThe operating costs of providing a mobile money platform have become prohibitive.\u00a0The decision by MTN SA to shelve its mobile money service does not signify an exit from financial services,\u201d said MTN.<\/p>\n<p>\u201cMTN is committed to remaining a significant player in the financial services space.\u201d\u00a0The network said it\u00a0will introduce\u00a0new\u00a0financial services products in the near future.<\/p>\n<p>MTN said it is working with its mobile money partners to ensure its customers are not adversely affected.<\/p>\n<h3 class=\"my-4\">More on mobile money<\/h3>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/mobile\/135449\/mtn-sa-halts-new-mobile-money-sign-ups\/\" target=\"_blank\"><strong>MTN SA halts new mobile money sign-ups<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/mobile\/122977\/vodacom-calls-it-quits-on-m-pesa-in-south-africa\/\" target=\"_blank\"><strong>Vodacom calls it quits on M-pesa in South Africa<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MTN South Africa is closing its Mobile Money offering due to a lack of commercial viability.<\/p>\n","protected":false},"author":31,"featured_media":71570,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,28],"class_list":["post-136845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-mtn"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/136845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=136845"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/136845\/revisions"}],"predecessor-version":[{"id":136849,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/136845\/revisions\/136849"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/71570"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=136845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=136845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=136845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}