MTN MobileMoney is a mobile payments service that has been deployed by MTN group across a number of their African operating companies, including Uganda, Ghana, Cameroon, Cote D’Ivoire, Rwanda, Benin and others. MTN’s m-wallet technology platform is provided by Fundamo, its SIM solution by Gemalto, and the operator works with a specific bank partner(s) in each country in which the service is implemented. In 2009, GSMA made a grant to MTN MobileMoney in Uganda to help support the development of its agent network.
1. What is MTN MobileMoney?
MobileMoney launches in Central Africa: an interview with MTN Cameroon
Author : Camilo Tellez, GSMAIn this interview, Peter Ndongla, Director of MTN Cameroon’s MobileMoney, provides an overview of the service, makes a projection for customer adoption, and shares his experience engaging with prospective bank partners and BEAC, the Central African financial services regulator.
MTN Mobile Money – Spotlight on Ghana
Author : Paul Leishman, GSMAIn this interview, Bruno Akpaka, General Manager for MTN Ghana’s MobileMoney, explains two unique aspects of mobile money in Ghana: the requirement to partner with at least 3 banks, and his innovative process of capturing customer ID using a field agent’s mobile phone camera during registration.
2. Other Resources
Is There Really any Money in Mobile Money?
Author : Paul Leishman, GSMATo answer the question of ‘Is there really any money in mobile money?’, this article draws on analysis of 16 months of financials from Uganda’s MTN MobileMoney, a growing service in East Africa. Key insights on mobile money profitability are presented, including the significance of direct and indirect benefits, the cost and investment drivers for a scaling service, and more.
Industry’s Favourite Regulatory Solution: South Africa’s AML Regulation
Author : Marina Solin, GSMAThis post highlights the AML (anti-money laundering) regulation for mobile money in South Africa which was chosen as ‘industry’s favourite regulatory solution’ because it is proportionate to risk and it allows a mobile experience for customers.
