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MTN mobile money platform (MoMoPay) is reportedly gaining traction as the
company claimed on Friday that its merchants base has grown significantly.
MTN Zambia said that it had opened the year with 29,000 Merchants but has
now hit a high of 100,000 merchants nationwide.
MTN Zambia Managing Director Komba Malukutila attributed the increased
adoptiong of MoMoPay to collective efforts by players in the industry.
Choppies supermarket is one of the MTN Zambia’s MoMoPay merchants
“The increased adoption of MoMoPay can also be attributed to the collective
effort by MNOs and governing bodies such as Bank of Zambia and ZICTA who
are championing the drive that is leading Zambia towards being a leading
digital and cashless economy,” Malukutila said.
In addition, he said, there were also several brick-and-mortar businesses
that had harnessed the service to improve their payment collections.
Malukutila stated that the 100,000-merchant achievement is a true
representation of MTN MoMo’s effort to promote the digitisation of payments
across Zambia while ensuring that every Zambian could enjoy the benefit of
a modern connected life.
“In 2023, MoMoPay will include an additional value-added service to all
merchants who will now be able to sell airtime and earn up to six percent
commission,” he said.
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