MTN MoMo Wallet Integrates Mastercard Technology to Improve Accessibility and Payment Security

The collaboration added functionality to the MoMo Wallet, allowing users to fund their accounts using debit and credit cards via Mastercard’s Payment Gateway (MPGS). The integration aims to increase convenience and accessibility for South Africans who rely on digital financial services.

Focus on security and reliability

The partnership incorporates Mastercard’s tokenisation technology, which replaces sensitive card information with a unique digital identifier, supporting secure transactions and reducing the risk of fraud.

Gabriël Swanepoel, country manager for Southern Africa at Mastercard, said the enhancements were designed to strengthen protection for users while improving transaction success rates.

Supporting financial inclusion

Kagiso Mothibi, CEO of MTN Fintech SA, noted that the collaboration could help users with limited credit histories to build financial profiles and gain access to additional services.

The expanded functionality allows more individuals and small businesses to engage with digital financial tools, which could support broader participation in South Africa’s digital economy.

Ongoing development

The partnership is expected to continue evolving in response to customer needs, with a focus on secure, app-based features that support South Africa’s growing digital ecosystem.