MultiChoice banks on fintech
Entertainment company MultiChoice says it is launching a digital payments processing platform called Moment.
“Moment offers expanded payment infrastructure for businesses across Africa to help them collect and make payments easier, quicker, and more affordable in any manner that their buyers or suppliers prefer,” explains MultiChoice in the announcement. Apart from South Africa, MultiChoice provides satellite TV and streaming to 15 African nations, including Nigeria, Kenya, and Ghana.
On top of this, MultiChoice will be using the fintech platform to boost the $3.5 billion in payments it processes annually, mostly from its subscribers.
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