TCS | The future of mobile money, with MTN’s Kagiso Mothibi

Loading player...
Mobile money has an increasingly vital role to play in South Africa’s economy, despite the fact that the country boasts an advanced financial services sector.
That’s the view of Kagiso Mothibi, CEO of Fintech at MTN South Africa, who was sharing his views in a recent interview with TechCentral’s TCS+ (watch it below) in which he discusses the broader fintech vision for the network operator and its role in driving innovation across the group.
But what is it about mobile money services that is attracting South African consumers to products like MTN’s MoMo, and what role do these platforms fulfil in the broader financial services ecosystem?
Mothibi unpacks this in detail in the interview. He also discusses:
• Why South Africa has proved to be a tougher mobile money market to crack than many other countries in Africa;
• How the South African market differs from others in which MTN operates;
• Who the target market is for MoMo – is it the unbanked and underbanked, or does MTN also have plans to serve well-heeled customers, too?
• What’s driving the growth in MoMo services in South Africa and why;
• What MTN’s fintech portfolio houses today and the company’s plans to expand this in the coming years;
• The recent launched of MoMo Pay, how it works and how MTN is onboarding merchants;
• What pain points MoMo Pay addresses in the payments ecosystem; and
• What the future holds for the fintech business in South Africa – and how product innovation locally is being deployed in other MTN markets across the continent.
Don’t miss an exciting interview!
6 Jun 2025 English South Africa Technology · Business

Other recent episodes

TCS+ | How AI is turning hardware into a subscription service

For most of business history, buying technology meant owning it. Capital was set aside, servers and laptops were hauled into the building alongside the software licences, and the business then sweated those assets for as long as it practically could. In the age of AI, that logic is starting to…
6 Aug 19 min

TCS+ | iStore Business on why Apple makes sense for SMEs

For small and medium enterprises, technology must do one thing above all else: get out of the way. Unlike large corporations with dedicated IT departments, SMEs run lean – and every hour spent wrestling with systems is an hour not spent on the business itself. In this episode of TechCentral’s…
30 Jul 37 min

TCS | Icasa's rules skip the real bottleneck: ACT

Communications regulator Icasa’s draft rapid deployment regulations – a critical intervention for the sector – risk failing unless the regulator brings municipalities into the process, according to Nomvuyiso Batyi, CEO of the Association of Comms & Technology (ACT). Speaking on the TechCentral Show with TechCentral editor Duncan McLeod, Batyi said…
30 Jul 29 min

TCS+ | A smarter approach to cloud for South African businesses

South African businesses are spending millions on cloud – and many have very little to show for it. That is the uncomfortable starting point for this episode of TCS+, in which Nkosinathi Ndlovu speaks to Joel Chacko, executive head of department for cloud services at Vodacom Business, and Jonathan Oaker,…
28 Jul 21 min

TCS | How Optasia lends billions to people banks can’t see

Optasia is on target to distribute more than US$6-billion in credit across its markets in 2026 – and it carries every cent of the default risk itself. In this episode of the TechCentral Show, CEO Salvador Anglada unpacks how the JSE’s biggest recent fintech listing actually works. Formerly known as…
23 Jul 25 min