MTN MoMo subscribers in South Africa can now deposit and withdraw cash across all Pick and Pay stores.
Customers should be registered on MoMo app to use the new service. They will require an eight-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,” he added.
MoMo is powered by UBank and enables customers to use over 40 services on their mobile phone including sending and receiving money, purchasing airtime and prepaid electricity, paying municipal bills, for vehicle licences and DStv subscriptions.