MTN Group Fintech has introduced Market by MoMo in partnership with Paysky, creating a new e-commerce platform designed to enhance the digital shopping experience in Uganda. The platform allows merchants and consumers to engage in secure and convenient transactions, offering a variety of products, including electronics, groceries, fashion, and beauty products.
“By providing a seamless payment and e-commerce infrastructure, Paysky advances digital financial service value chain and enables the smooth operation of e-commerce platforms like Market by MoMo, allowing businesses to expand their reach and improve their financial performance,” said Waleed Sadek, Founder and CEO of Paysky.
Boosting digital economy in Africa
MTN Group Fintech and Paysky plan to expand Market by MoMo to other African countries, with the goal of improving access to digital marketplaces and empowering businesses across the continent. This initiative reflects a broader strategy to advance digital financial services and strengthen the digital economy in Africa.
Paysky, a key partner in this initiative, is a leading provider of digital payment infrastructure across the Middle East and Africa (MEA). Since its founding in 2017 by Waleed Sadek, Paysky has focused on expanding financial inclusion and enhancing access to digital financial services. Through this collaboration, Market by MoMo offers merchants a way to expand their customer base while providing consumers with a reliable and secure shopping experience.