MTN Group has on Monday (23 June) launched a Mobile Money Visa card for its customers in South Africa.<\/p>\n
MTN’s Mobile Money service enables users to receive money, buy prepaid airtime and electricity, and deposit and withdraw money from any participating Pick n Pay and Boxer store till point without having to open a bank account or pay monthly admin fees.<\/p>\n
“As if this isn\u2019t already enough, we\u2019re 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 on its blog<\/a> on Monday.<\/p>\n The operator said that the card can be activated within 72 hours and will enable users to pay for goods and services at most retail stores and withdraw cash from any ATM.<\/p>\n “The benefits don\u2019t stop there though; with no monthly or annual card fees and unlimited card swipes, Mobile Money will definitely also make your trips to the shop much more affordable.<\/p>\n “If most of your shopping is done at Pick n Pay stores, you\u2019ll also earn double Smart Shopper points with your wiCode when you pay,” MTN said.<\/p>\n In May, MTN Group President and CEO, Sifiso Dabengwa said that, while the operating environment remains challenging with persistent price competition and regulatory challenges in key markets, \u201cthe group remains focused on improving its performance and delivering on its strategy\u201d.<\/p>\n \u201cGrowing data services and Mobile Money are key areas of focus for the Group as traditional voice revenue remains under pressure,\u201d Dabengwa said.<\/p>\n In a quarterly update in April, MTN pointed to ‘encouraging progress’ in Mobile Money with total registered subscribers at 16.6 million, with approximately 1 million of those in South Africa.<\/p>\n We are under pressure in SA: MTN<\/strong><\/a><\/p>\n SA\u2019s most-used mobile money platforms<\/strong><\/a><\/p>\nMore on MTN<\/h3>\n