SA Startup Mojapay Unveils Digital Banking Platform
MojaPay, a South African fintech firm, has released a new app with the goal of changing the way people pay, receive, and save money.
MojaPay, formerly known as digiToken and launched last year to assist customers in purchasing items such as power and airtime online, has rebranded and improved to provide seamless transactions and payments for unbanked enterprises and underbanked individuals.
The program enables users to transact without incurring excessive banking fees, even if they do not have a bank account or a smartphone. It still lets customers to buy prepaid power and water, as well as pay for DStv and airtime on all major networks. Users can also send and receive money, as well as become entrepreneurs by joining mojaPay as an agent or merchant.
“mojaPay is not just a digital app; it’s a platform that gives those who are often marginalised and unseen in society an opportunity to contribute to making their communities a thriving economic space. Many people from disadvantaged communities are often left behind and kept in those dire conditions by the lack of access that is increasingly driven by digitisation, and we at mojaPay say it’s about time our people become active participants in both the formal and informal financial ecosystems,” said co-founders Kagiso Dichabe and Xolisa Vuza.
