MTN Group announced that it has partnered with Flutterwave to allow businesses integrating Flutterwave to receive payments through MTN Mobile Money.
This partnership benefits businesses integrating Flutterwave in Cameroon, Côte d’Ivoire, Rwanda, Uganda, and Zambia.
In a statement, the MTN group said the partnership would help increase mobile money usage and penetration in Africa to improve local economies and livelihoods as well as create opportunities for individuals and businesses across the continent.
Speaking on the partnership, MTN Group Chief Digital and Fintech Officer, Serigne Dioum, said, “As we progress on our journey to becoming the largest fintech platform in Africa, we will empower millions of businesses to embrace e-commerce in our markets to accept digital payments from MoMo consumers.
“We believe this is an enabler to accelerating digitised payments in Africa. Building strong ecosystems through partnerships is central to our platform strategy and we will continue to invest in expanding the reach of our platform to consumers and businesses in Africa.”
The Founder and Chief Executive Officer of Flutterwave, Olugbenga Agboola, said, “Africa has one of the highest growth rates for mobile money adoption and e-commerce in the world.
“It makes sense that we help provide a seamless payment method to support and ensure African businesses reap the full benefits of the e-commerce boom in the region.
“Our goal has always been to grow a new wave of prosperity in Africa by creating more avenues for businesses in Africa to accept payments.
“With this partnership, we can achieve this while creating endless possibilities for our customers.”
MTN added that as of the end of June, MTN MoMo had 48.9 million active users and 581,514 merchants.