MTN Group Fintech, in collaboration with Paysky, has officially launched Market by MoMo, an innovative e-commerce platform designed to empower Ugandan merchants and consumers. This one-stop digital marketplace offers a secure, seamless, and flexible shopping experience, covering a vast range of products from electronics and groceries to fashion and beauty.

By integrating reliable digital payment solutions and fast deliveries, Market by MoMo is set to redefine Uganda’s online shopping landscape, bridging the gap between businesses and consumers.

Empowering Uganda’s Digital Economy

Strategic Collaboration Between MTN Fintech & Paysky

Paysky, a leader in digital payment solutions, played a crucial role in co-creating Market by MoMo. This partnership represents a major step forward in Uganda’s digital transformation, offering merchants a new avenue for growth while enhancing consumer convenience.

Waleed Sadek, Founder and CEO of Paysky, highlighted the company’s mission:
"Since 2017, Paysky has worked to democratize digital financial services, impacting over half a billion citizens and two million businesses. Our partnership with MTN to launch Market by MoMo is an extension of this mission, ensuring secure, flexible, and reliable payments for Uganda’s digital economy."

Paysky’s Role in Financial Inclusion

Paysky has been instrumental in accelerating financial inclusion across Africa by providing digital financial services to central banks in 10 countries. With Market by MoMo, Paysky continues to expand digital ecosystems, enabling businesses to thrive in an increasingly connected world.

"By offering a seamless payment and e-commerce infrastructure, we empower businesses to scale their operations, improve financial performance, and reach new customers," Sadek added.

MTN’s Vision for a Digital Future

Market by MoMo aligns with MTN Mobile Money Uganda’s broader strategy of fostering a more connected and inclusive digital economy.

Richard Yego, Managing Director & CEO at MTN Mobile Money Uganda, emphasized:
"Market by MoMo is a key part of our commitment to creating a more equitable and empowered society. By bringing together businesses and consumers in a seamless digital marketplace, we are shaping the future of e-commerce in Africa."

Expanding Market by MoMo Across Africa

MTN Group Fintech and Paysky have ambitious plans to extend Market by MoMo beyond Uganda, reaching millions of users across multiple African countries.

Hesham Safwat, MTN Fintech Group Head of Fincommerce, underscored the significance of this initiative:
"This launch demonstrates the power of collaboration. Together, we are delivering an integrated platform that connects merchants to millions of potential customers, unlocking new opportunities for businesses across Africa."

Future Expansion Plans:

• Market by MoMo will soon roll out in multiple MTN Group Fintech markets.
• Businesses across Africa will gain access to a growing digital consumer base.
• Consumers will enjoy seamless, secure, and flexible e-commerce solutions.

With Market by MoMo, MTN Group Fintech and Paysky are paving the way for a digitally inclusive Africa, empowering merchants, enhancing consumer convenience, and driving e-commerce innovation.

As the platform expands across the continent, businesses and consumers alike will benefit from the seamless, secure, and flexible digital marketplace, further accelerating Africa’s digital transformation.