MTN MoMo offers customers cash withdrawal at Pick n Pay stores
MTN announced that its Mobile Money services (MoMo) now allows customers the ability to deposit and withdraw money at Pick n Pay stores.
“We’re pleased to extend our relationship with Pick n Pay by offering quick and convenient cash-in and cash-out services to our 2,8 million MoMo subscribers through Pick n Pay stores,” said MTN’s chief officer of mobile financial services in South Africa, Felix Kamenga said in a statement.
MTN MoMo is a financial services app that allows customers to make transactions without needing a bank account. The platform allows customers to have access to services such as money transactions, airtime and electricity purchases, municipal bills, car license payments, and DSTV subscriptions.
“Adding Pick n Pay to our offering will create greater convenience and accessibility for our customers – many of whom need to factor transport costs in when deciding to withdraw cash,” Kamenga explained.
“This burden results in more than 60% of the South African population withdrawing their entire salary from traditional banks on the day of payment to keep it with them, which is not ideal, and not safe.”
To use the service, customers need to have downloaded and registered on the MoMo app. Transactions will need an 8-digit voucher number and PIN number.
Withdrawals at Pick n Pay are charged a flat rate of R8.
Written by: Gabriella Steyn.
Guzzle Media
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