MTN closing financial inclusion gap

IN its commitment to closing the financial inclusion gap, MTN Zambia has created a MoMo fintech platform which offers consumers and businesses a host of innovative digital financial services.

Through the platform, MTN Zambia aims to unlock economic growth through financial and digital solutions for consumers and businesses of all sizes.

To achieve this, the mobile company invited developers to present their innovative ideas through the creation of an Application Programming Interface (API) that uses MTN mobile money to provide a service to the users.

The challenge created through the 2022 MTN MoMo Group Hackathon attracted 168 applications from local developers and 12 were pickee to pitch their presentation with 3 emerging as winners.

Ebukasa an enterprise that has developed an API on waste management got the first prize of $500 000.

Denga which is offering laboratory services to health centres without such facilities using the API scooped the second prize of $300,000.

Easy on Track offering various services to small scale farmera through the API went away with the third price of $200 000.

MTN Fintech senior manager product strategy Chikondi Mwanza said Zambian developers have a bright future and the mobile company was pleased with the best concepts that were displayed during the pitch day.

Mr. Mwanza said during the pitch day over the weekend that the platform amplifies the MoMo API which makes business accessible in Zambia.

And MTN Fintech marketing manager, Dalitso Miti said the application provides practical and valuable solutions that could be deployed on the Zambian market.

Mr. Miti said the MTN MoMo Group Hackathon required developers to create a mobile money application that uses MTN MoMo API.