MTN Rwanda has entered an agreement with Private Sector Federation (PSF), to increase digital user-friendly solutions starting with Mobile Money Pay and Ticketing solutions.
The partnership will facilitate cashless payments in Rwanda where customers could easily transact without necessarily using cash.
It is meant to boost the use of Mobile Money wallets and to to change status quo such that mobile money could be used to purchase all products.
Businesses will be able to send money to neighbouring countries to enable them to clear their goods without moving from Rwanda and vice versa.
The move was, among other things, informed by Private Sector Federation’s (PSF), realisation of the benefits of the digital economy for innovation, growth and social prosperity.
As technology evolves and market conditions change, the partnership aims at bringing forth more customised solutions to allow more transactions to ease and improve doing business in Rwanda and beyond.
This is in line with the Africa Continental Free Trade Area agreement, that was signed last year in Kigali by African Heads of States.
Stephen Ruzibiza, PSF Chief Executive Officer, said the development has been necessitated by the need to remain relevant at a time when cashless economy trends are picking up.
“It is imperative for us to be active and innovative if we are to achieve the impact of a cashless economy. We want to be part of this journey and we hope with the new partnership with MTN Rwanda will be a great kick-off point to drive this initiative forward,” Ruzibiza said.
He said that MoMo Pay and Ticketing solution is expected to be launched during the 22rd Rwanda International Trade Fair (RITF), starting from July 22, to August 11, 2019, known as EXPO.
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