by AKANI CHAUKE
JOHANNESBURG, (CAJ News) – MTN MoMo South Africa has launched the Handset Rent-to-Own solution, designed to break down barriers and put the power of connectivity directly into the hands of millions of citizens.
The company said this is a bold move to redefine digital inclusion.
This offering empowers users, especially the unbanked and underserved to own a 4G or 5G smartphone affordably, from as little as R10 a day, with no credit checks or paperwork required.
“We’re not just launching another product, we’re changing the game,” says Kagiso Mothibi, Chief Executive Officer: Fintech SA at MTN South Africa.
“Smartphones are gateways to opportunity, education, and financial inclusion. By enabling rent-to-own through the MTN MoMo App, we’re placing that gateway into more hands than ever before.”
The offering follows MTN’s recent rollout of Smartphone For All and Shesh@ 5G SIM Delivery.
Under the new offer, once approved, customers choose a flexible payment plan – either three, six, nine or twelve months.
Tandi Kuper, CEO of Airvantage, said, “Together with MTN, we’re using data science and fintech to democratise access to smartphones. It’s technology with purpose, at scale.”
Smartphones available at launch include Samsung A05, A06, A16 and A26 with more options to be added in August.
– CAJ News
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