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 | Frogfoot sees bigger fibre deals coming

Frogfoot plans to keep buying smaller fibre network operators in South Africa’s suburbs as the market consolidates, but CEO Shane Chorley stopped short of ruling out a sale of the business. “I’d be ignorant to say that we would ignore any offer,” Chorley said on the latest episode of the…
8 Oct 40 min

Meet the CIO | Vodacom’s Mohamed Sami on the agentic future

Mohamed Sami, group chief information officer at Vodacom, says autonomous AI agents that resolve customer problems without handing them to a human are the next big shift in customer experience – and that it is closer than many think. Speaking on TechCentral’s Meet the CIO podcast series, brought to you…
5 Oct 44 min

TCS | Norrsken22’s Lexi Novitske on how China is winning African tech

Chinese companies have built their position in African technology one layer at a time – first phones and telecoms equipment, then fintech and now the AI models that local start-ups build on. American private capital, meanwhile, is pulling back. Lexi Novitske, general partner at Norrsken22, thinks US investors will regret…
1 Oct 28 min

TCS | Dominic White and Adam Ely on AI agents going rogue

AI agents are no longer a thought experiment for security teams. They are breaking out of test environments, hacking real companies and, according to one of our guests, already going rogue inside large businesses. In this episode of the TechCentral Show, TechCentral deputy editor Fanie van Rooyen talks to Dominic…
29 Sep 1 hr 26 min

TCS | Octotel’s Trevor van Zyl on the fibre merger question

Octotel CEO Trevor van Zyl joins the TechCentral Show to talk about where South Africa’s fibre market goes next – including a potential merger with MetroFibre Networx. Van Zyl told TechCentral that Octotel and MetroFibre Networx are assessing a combination that would create the country’s third-largest fibre network operator, with…
16 Sep 25 min