MyMoolah Targets Financial Inclusion With Integrated Wallet Launch

Source: BizCommunity

Built for South Africa’s hybrid economy, where digital payments and cash remain equally important, the wallet integrates everyday financial services into a single solution. Users can now manage wallet payments, prepaid services, bill payments, digital vouchers and cash-in or cash-out transactions through partner networks, improving convenience and accessibility. 

The launch is backed by MyMoolah’s PASA-issued Third Party Payments Provider certificate, confirming its registration in terms of the National Payment System Act, 1998, as a Third Party Payments Provider sponsored by The Standard Bank of South Africa Limited. 

“South Africa does not need another financial app built only for people who already have easy access to banking,” said André Botes, founder and chief executive officer of MyMoolah. “MyMoolah was built for the real economy — workers, families, township traders, rural communities, stokvels, employers, lenders, insurers and enterprise platforms that need faster, cheaper and more practical ways to move money.”