MTN South Africa announced on Wednesday that MoMo (Mobile Money) subscribers will be able to cash-in and cash-out at 1,647 Pick n Pay stores across the country.
Customers should be registered on MoMo app to use the new service. They will require an 8-digit Voucher Number and a PIN number to perform a MoMo transaction at the Pick n Pay point of sale tills.
“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,” says Felix Kamenga, MTN SA’s Chief Officer of Mobile Financial Services.
“Until now, MoMo customers have only able to cash-out through bank EFTs, at an MTN store or via a MoMo agent. 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.”
Unlike traditional bank accounts, MoMo has no monthly fees and no monthly charges. Cash-out at Pick n Pay will be charged at a flat fee of R8.