By 
MTN Group Fintech, in collaboration with Paysky, has introduced Market by MoMo, a revolutionary e-commerce platform designed to enhance digital trade for Ugandan merchants and consumers. The platform offers a seamless online shopping experience, integrating secure payments, fast deliveries, and a diverse marketplace for products ranging from electronics and groceries to fashion and beauty items.
Advancing Uganda’s Digital Economy
This strategic initiative reflects the growing synergy between MTN Fintech and Paysky, a leading provider of digital payment solutions, in driving financial inclusion and expanding digital commerce in Africa. Market by MoMo empowers merchants by increasing their market reach while providing consumers with a more convenient and secure online shopping experience.
Waleed Sadek, Founder and CEO of Paysky, highlighted the company’s mission to democratize digital financial services across the Middle East and Africa (MEA) region:
“Since our inception in 2017, Paysky has been committed to delivering secure, flexible, and reliable digital payment solutions to over half a billion citizens and two million businesses. Partnering with MTN to launch Market by MoMo aligns perfectly with our mission to promote financial inclusion and e-commerce growth in Uganda.”
Paysky’s Role in Driving Financial Inclusion
Paysky has played a key role in expanding digital financial services across Africa, supporting central banks in 10 countries with world-class financial platforms. The launch of Market by MoMo further strengthens this commitment, equipping local businesses with the tools to thrive in an increasingly digital economy.
“By providing robust payment and e-commerce infrastructure, Paysky enhances the digital financial services ecosystem, enabling businesses to scale and improve their financial performance,” Sadek added.
Richard Yego, Managing Director & CEO of MTN Mobile Money Uganda, emphasized the importance of the initiative in fostering a more connected and empowered society:
“Market by MoMo is integral to our vision of creating a brighter and more inclusive digital future for Africa. By connecting consumers and businesses through a seamless digital marketplace, we are fostering economic growth and financial inclusion.”
Collaboration Driving Digital Transformation
Hesham Safwat, MTN Fintech Group Head of Fincommerce, reinforced the power of strategic partnerships in unlocking digital opportunities:
“This launch underscores the strength of collaboration. By working together, MTN Group Fintech and Paysky are delivering an integrated platform that connects Ugandan merchants with millions of potential customers, creating new opportunities for individuals and businesses alike.”
Expanding Across Africa
Following its successful debut in Uganda, Market by MoMo is set for expansion into multiple African markets where MTN Group Fintech operates. This initiative will bring e-commerce and digital payment solutions to millions of users, enabling businesses to access new opportunities while offering consumers a secure and flexible online shopping experience.
The partnership between MTN Group Fintech and Paysky marks a significant step towards enhancing digital financial inclusion, reshaping Africa’s e-commerce landscape, and unlocking new opportunities for businesses and consumers across the continent.
Comments