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MTN, Skrill forge mobile money partnership

MTN, Skrill forge mobile money partnership
MTN, Africa’s leading mobile network operator has announced a partnership agreement with Skrill, a leading global online payments company to offer mobile money to customers of the phone company.
Under the agreement, MTN Mobile Money users will be able to use funds in their mobile wallets to buy from global Internet brands integrated into the Skrill network.
The benefits of the platform will first be enjoyed by MTN Mobile Money users in Ivory Coast and Rwanda when the ‘Pay by Skrill’ service is introduced this month.
“Our partnership with Skrill is another important step in our journey to offer customers the ability to use mobile money for online purchases. Through this partnership, MTN is enabling global digital payments, further enhancing our mobile money wallet. After Ivory Coast and Rwanda, the service will be extended to Benin and Uganda, with other markets to follow soon thereafter,” says Pieter Verkade, MTN Group Chief Commercial Officer.
To transact using mobile money, MTN customers do not have to open a Skrill account. Users can simply go to the website of a Skrill merchant, select a purchase and choose the option to ‘Pay by Skrill’.
Nilesh Pandya, SVP of Emerging Markets at Skrill commented thus: “Today, there are hundreds of millions of consumers who want to be a part of the digital revolution, but simply do not have the means to pay. Our partnership with MTN enables its 18.4 million mobile wallet customers to enjoy the benefits of digitisation that those in developed markets take for granted, and provides impetus for MTN’s remaining 200 million mobile subscribers to embrace mobile payments.
“Skrill is revolutionising digital markets by driving universal engagement in the digital world. This ground-breaking launch brings together leading mobile operators and online businesses, enabling global online brands to connect with consumers in emerging markets, and leverage the true power of digital transactions.”
There is no additional cost or charge for MTN Mobile Money payment when making purchases via a Skrill merchant website.
The service enables users to perform local and international money transfers, make utility payments and purchases.
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Kayode Oladeinde Technology Journalist at Technology Times. Mobile: +234 (0) 7031526929