MTN aims to boost financial inclusion and limit emissions

MTN aims to boost financial inclusion and limit emissions

Two admirable aims – financial inclusion and environmental responsibility – are at the heart of recent announcements from pan-African operator MTN.

On the financial inclusion side, Mastercard and MTN have announced a strategic partnership to enable millions of consumers in 16 countries across Africa to make global e-commerce payments safely and securely.

Through a Mastercard virtual payment solution linked to MTN MoMo (Mobile Money) wallets, consumers and merchants can engage with brands and businesses abroad through digital commerce, extending their reach to an international marketplace and unlocking a host of opportunities.

Through this strategic partnership, MTN customers with a Mastercard virtual payment solution linked to their MoMo wallets can make payments to global online merchants through a seamless and secure digital payment experience on websites and mobile applications. The service is available whether or not the customer has a bank account.

The solution, says MTN, will enable consumers to explore and shop at well-known global e-commerce brands and pay quickly and securely for leisure shopping, travel, accommodation, entertainment, streaming services and more. It will also allow small business owners to purchase from suppliers abroad and pay with the virtual payment solution.

MTN and Mastercard first launched the digital payment solution in 2018 for MoMo customers. Initially designed to facilitate the transfer of cash between mobile users, MTN’s MoMo offering is now much broader – including loans, insurance, remittances and payments.

Meanwhile, only a day before this announcement, the operator underlined its environmental credentials with a commitment to achieve net zero emissions by 2040.

To realise its targets, MTN has launched its Project Zero programme to leverage the latest technologies and service partners to enable business sustainability via greater energy efficiencies, low carbon emissions, risk reduction and cost control. The programme prioritises renewable solutions, efficient emerging technologies and energy storage.

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