JOHANNESBURG - South African mobile phone operator MTN is launching services allowing users to send cash abroad and businesses to accept payments via an app as it pushes further into theNS child killer Penny Boudreau and the path to eventual release | SaltWireJOHANNESBURG - South African mobile phone operator MTN is launching services allowing users to send cash abroad and businesses to accept payments via an app as it pushes further into the country's rapidly growing fintech space.
With about 9 million registered mobile money subscribers in South Africa, MTN South Africa's Chief Financial Services Officer Bradwin Roper told reporters on Thursday the group is largely focusing on the roughly 15% of South Africans that are still unbanked. The operator also launched a virtual wallet for business owners that will allow them to accept payments via the app or QR code, a way to limit the use of cash by some of South Africa's"spaza" shops, the informal stores that dot township corners.
About 80% of South Africa's population visit spaza shops daily, and the spaza industry is valued at about 178 billion rand , Roper said.
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