The enhanced collaboration introduces the ability for users to top up their MoMo Wallet using debit and credit cards.
With the new platform, home buyers can be approved for a home loan in less than two minutes, says the telco.
The digital payment solution aims to unlock financial opportunities for informal merchants, while bridging the financial inclusion gap.
MTN Mobile Money reaches 13 million registered users in South Africa, as it continues to expand financial accessibility.
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The hackathon requires participants to submit ideas for financial and transactional apps incorporating MTN Mobile Money APIs.
The cash-out functionality adds to the existing MoMo suite of saving, sending and receiving money, paying bills and buying prepaid services.
This partnership will allow businesses integrating Flutterwave in Cameroon, Côte d’Ivoire, Rwanda, Uganda and Zambia to receive payments via MTN Mobile Money.
The instant messaging app now supports 5.5 million users across the African continent, as its features expand to include voice and video calling.
The new partnership is intended to make it easier for mobile money customers to load funds onto their mobile wallet without the need for a credit card.
The mobile payment service was launched to the public on 1 February and the millionth customer was registered on 19 June.