ONLINE UGANDA Flutterwave Strike Partnership Deal with MTN MoMo Service in Africa 1 month ago Adeleye Awakan Post Views: 189 Flutterwave, one of Africa’s leading payments technology company has announced a strategic partnership with MTN Group, Africa’s largest telecommunications provider, through a mobile money partnership. This new partnership will enable Flutterwave to offer MTN Mobile Money as a payment method to its business customers. Consequently, Cameroon, Cote d’Ivoire, Rwanda, Uganda, and Zambia will receive payment via MTN MoMo through Flutterwave. MTN Mobile Money is a secure electronic service that enables MTN mobile money wallet holders to store funds, send and receive money, make payments and do several other transactions simply using their mobile phone. At the end of Q2 of 2021, MTN MoMo had 48.9 million active users and 581 1514 merchants. However, Africa has witnessed an explosion in mobile penetration with smartphone adoption in recent years. According to the GSMA, Africa will hit the half a billion mark of unique mobile subscribers this year, and the continent will reach 50% subscriber penetration by 2025. while according to Statista, sub-Saharan Africa alone is responsible for more than 45% of the world’s mobile money accounts, with the number of account holders exceeding half a billion by 2020. Through this partnership, MTN and Flutterwave will positively contribute to the rapid penetration of mobile money usage in Africa, improving local economies and livelihood and creating opportunities for individuals and businesses across the continent. According to the Founder and CEO of Flutterwave Olugbenga comment: “Africa has one of the highest growth rates of mobile money adoption and eCommerce 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 eCommerce 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.” Interestingly, these two leading giant companies in their respective fields have signed a strategic partnership to deliver payments solutions to their customers using mobile money. It is, of course, a massive achievement for both brands. At the same time, it is an integral part of the gaming and betting industry due to the enormous acceptance of mobile money in the betting and gambling industry for bettors. Who prefer to complete transactions on their favourite bookmakers and the penetration of flutterwave in the Africa iGaming industry is quite a welcome development for sports betting companies to activate flutterwave payment method in this countries they can access MTN MoMo service in Africa. Adeleye AwakanAuthor E-play Africa, sports betting reviews, thoughtful leardership articles in Africa gambling industry, marketing gaming platforms in Africa with strong networking relationship with gaming operators in Africa, Expertise in PR, marketing communication, and consultant on gaming in Africa. Facebook Twitter LinkedIn Email Print Tags: mobile money, MTM, Uganda Continue Reading Previous TVBET to enhance presence in LATAM with BetWarrior sportsbookNext Grab knowledge about some outstanding uses of bitcoins in 2021 More Stories GAMES ONLINE Pragmatic Play’s new slot ‘Day of Dead’ 6 hours ago Samuel ONLINE WORLD NEWS Kiron Interactive goes live with Parimatch 3 days ago Szarlot GAMES ONLINE Yggdrasil releases new online slot Savana Roar 3 days ago Iwo Bulski HOT NEWS KENYA ONLINE $1bn Digital Transformation Project Key to Africa’s Online Gaming Industry 3 days ago Adeleye Awakan ONLINE SOUTH AFRICA The Rise of iGaming in Africa 4 days ago Iwo Bulski ONLINE WORLD NEWS Pronet Gaming adds proprietary Popular Bets & Events module to its platform 5 days ago Szarlot ONLINE WORLD NEWS TVBET has got a record number of nominations for it at SBC Awards 2021 5 days ago Szarlot GAMES ONLINE Sizzling Bells Hold the Jackpot by Wazdan 6 days ago Szarlot ONLINE It is only month for SBEA & SBWA 6 days ago Iwo Bulski NIGERIA ONLINE Africa may become the new gaming hub 6 days ago Iwo Bulski NIGERIA ONLINE Nigerian payment space, one of the most dynamic in the world 1 week ago Szarlot ONLINE WORLD NEWS Greentube partners with Novoline in Germany 1 week ago Szarlot Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.