In a bold move to redefine digital inclusion, MTN MoMo South Africa has launched another bold initiative, the Handset Rent-to-Own solution, designed to break down barriers and put the power of connectivity directly into the hands of millions of South Africans.
Driven by a clear customer-first philosophy and a relentless pursuit of innovation, this offering empowers users, especially the unbanked and underserved, to own a 4G or 5G smartphone affordably, from as little as R10/day, with no credit checks or paperwork required.
“We’re not just launching another product, we’re changing the game,” says Kagiso Mothibi, CEO: 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.”
This new offering follows MTN’s recent roll-out of Smartphone For All and Shesh@ 5G Sim delivery, reinforcing the company’s mission to drive innovation that serves real, everyday needs. It is a direct response to the digital divide, and a challenge to the status quo of smartphone affordability in South Africa.
Powered by MTN’s trusted fintech platform in partnership with Airvantage, the service uses advanced AI-driven affordability assessments – with no payslip, no credit check history required. The process is smart, secure and tailored to the realities of South Africa’s informal and underbanked economy.
Once approved, customers choose a flexible payment plan – either three, six, nine or 12 months – and once payments are complete, the device is theirs to own, forever.
‘Customer-first innovation’
“This is what customer-first innovation looks like,” adds Mothibi. “We’re bringing people into the digital world with dignity, simplicity and flexibility.”
Tandi Kuper, CEO of Airvantage, echoes the impact: “Together with MTN, we’re using data science and fintech to democratise access to smartphones. It’s technology with purpose, at scale.”
The launch phase features 4G-enabled Samsung smartphones (the A05, A06, A16 and A26), with more trusted brands set to follow.
How it works:
- Download or open the MTN MoMo App
- Select Handset Rent-to-Own
- Apply with a few simple taps
- Pay a small deposit
- Choose your payment plan (three, six, nine or 12 months)
- Receive your device
- Own it outright after final payment
With this launch, MTN continues to prove that innovation isn’t about gadgets, it’s about impact. It’s about people. And it’s about time.
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