MTN, Investec, And Electrum Forge Pioneering Collaboration To Introduce PayShap On MoMo
MTN, Investec, And Electrum Forge Pioneering Collaboration To Introduce PayShap On MoMo. MTN South Africa, in collaboration with Investec and Electrum, is set to revolutionise mobile payments with the introduction of the PayShap solution on its MoMo platform. The collaboration aims to provide users with an instant, cost-effective payment system.
This joint effort not only sets MoMo apart as the first non-banking player to offer PayShap but also addresses a critical gap in serving the unbanked population.“We are thrilled to pioneer the integration of PayShap on MoMo, redefining the landscape of mobile paymentsand helping to drive financial inclusion. This strategic collaboration will empower our users, especially theunbanked community, with unprecedented accessibility and convenience,” says Bradwin Roper, CEO: FinTechat MTN SA. Investec, taking on the pivotal role of banking partner, underscores the commitment to enabling financial inclusion.
“Investec is proud to be the banking partner for this initiative. By bridging the gap between traditional bankingand mobile solutions, we aim to foster a financial ecosystem that serves all segments of society,” says, Cumesh Moodliar, CEO of Investec Bank Limited.
Electrum, as the technical partner, brings expertise to ensure the seamless implementation of PayShap.“Through innovation and collaboration with MTN and Investec, this is an exciting example of a next-generationpayments solution. Electrum is proud to have contributed to this transformative project, showcasing theimportant role that cloud payments technology must play towards South Africa’s payments modernisationefforts,” says Dave Glass, Electrum CEO and Co-Founder.
“We’re excited about the future of the PayShap solution in South Africa. Not only does it represent a significantmilestone in the evolution of digital finance in South Africa, but it will also increase financial inclusivity,connecting more people to the safer and more efficient world of mobile payments,” concludes Roper.
