MTN MoMo Payment Method in South Africa

Read all about the safe transactions with MTN MoMo payments in South Africa.

Verified by BettingGuide team
Last updated 2023/03/09

MTN MoMo in South Africa (2024)

There are many payment methods in South Africa, where people can send or receive money, or make payments conveniently. Technology has made some significant advances in the financial sector. Today there is the mobile money option, which is an online wallet people can use to conveniently initiate safe money transactions using mobile phones. Various telecommunications companies are offering mobile money services, including Mobile Telephone Network (MTN). 

MTN is one of the leading telecommunications companies in Africa. The company is headquartered in Johannesburg, South Africa, and was established in 1994. It has since amassed over 280 million users across Africa due to its quality services. The company offers many services, including internet data connection, text messaging mobile phone calls, and payment services. The CEO of MTN is Ralph Mupita, a prominent businessman and engineer. 

The world thrives on payments and financial transactions, therefore, MTN’s services come in handy when satisfying people’s needs. The primary financial service offered by MTN is MTN MoMo, which involves saving, sending, and receiving money using your mobile phone. 

Understanding MTN MoMo

MTN MoMo is shortened from the phrase, “Mobile Money”. This shortening is a unique identification of the service that people can easily associate with the company. MTN MoMo works by facilitating digital storage and transfer of payments from one authorized entity to another. There are various uses of MTN MoMo. The uses include: 

  • Receiving and storing money.
  • Topping up airtime and data bundles.
  • Paying bills.
  • Buying and paying for insurance services.
  • Cashing out from ATMs. 

MTN MoMoPay 

One of the revolutionary services provided by MTN is MoMoPay. With this service, MTN customers can save money on their mobile wallets and use the money to initiate payments from various retail stores, financial institutions, and other service providers, including betting companies. 

The purchases and payments are conducted without the need for physical cash or cards. The system allows you to send and store money from anywhere, and it is conveniently provided the network available supports transactions or money transfers. MTN MoMoPay is not limited to smartphones, as normal mobile phones of any network type can be used to initiate payments and other financial transactions. 

How MTN MoMoPay works

MTN MoMoPay has greatly improved mobile money transactions, taking advantage of the ever-growing technology in the telecommunications sector to ensure that people initiate payments conveniently and safely. The following highlights will take you through how MTN MoMoPay works:

  1. As a customer, you need to register for MoMoPay.
  2. After registering, deposit your funds through your bank card or electronic funds transfer (EFT). This is when you can identify the betting sites that accept MoMoPay transfers and use the service to deposit money into your betting account. 
  3. Customers check on the website or menu-driven interface to use the funds stored in the MTN MoMo wallet. 
  4. The purchase is then paid for using the money stored in the customer’s MTN MoMo wallet.
  5. The funds are settled to authorized merchants directly, with subsequent transactions being able to be tracked by logging into the Merchant Access Portal (MAP). 

The MTN MoMo App

MTN has designed a mobile application for its customers, to enhance control over their financial transactions. You can find all MTN MoMo services on the app, making it easier to transact compared to using the USSD option. You do not have to contact company representatives, as you can serve yourself on the portal. This means that the MTN MoMo app is more convenient for bettors in modern-day gambling. The app is available for Android and iOS users; therefore, the nature of your smartphone should not inhibit you from enjoying mobile money self-servicing. 

How to cash into your MTN MoMo wallet

It is important to have your MTN MoMo wallet with some savings or stored cash just in case you need to make cashless transactions. The MTN MoMo wallet is your mobile money account, where the funds are stored upon deposit. There are various ways in which you can cash into your MTN MoMo wallet:

  1. Cashing in through the MTN MoMo app. This is one of the most popular alternatives because many South Africans use smartphones that support app usage. To cash in using the app, go to cash in your wallet and select the bank option you need to move funds from. 
  2. You can also visit an MTN store or Agent, and they will deposit the funds for you. 
  3. You can also use the USSD code, *120*151#, and follow the instructions from the onscreen menu. 

Cashing into your MTN MoMo account using your Bank Card 

There are instances where you would need to load money into your MTN MoMo wallet for easy digital payments and transactions. This should not worry you, especially when there is some money in your bank account. To cash in using your bank card, follow the following procedure: 

  • Log in to your MTN MoMo account and select “Cash Into Your Wallet”. 
  • A menu will appear with different options. On the menu, select “Use your Bank Card”. 
  • Enter the amount of money you want to load into your wallet and confirm. 
  • Accept the redirect message sent to complete the transaction. 
  • Enter your mobile number, capture your bank card details and proceed to process the request. 

How to bet with MTN MoMo

MTN MoMo is a mobile money service that helps you to electronically transfer funds from your account to another or initiate payments of your choice. It is a popular alternative to the traditional banking systems and payments people have been using in the betting scene. To bet with MTN MoMo, the following procedure can guide you:

  • Ensure that you have registered with a top betting operator that offers MTN MoMo transactions.
  • Ensure that your smartphone has the MTN MoMo app.
  • Ensure that you have deposited enough money in your MTN MoMo account. Remember that you may be charged transaction fees, depending on the betting operator.

Betting Sites That Accepts MTN MoMo

Examples from the following betting sites will give you an idea of how to deposit and start betting using MTN MoMo:



Since Betway is one of the most popular betting sites in South Africa and offers one of the largest sportsbooks, it would be best to introduce you to how to bet on the site using MTN MoMo. 

  • Log in to your MTN MoMo account from your app. 
  • Proceed to “Lotto & Betting” and click on the option. 
  • Identify the “Betway” option and tap on it. 
  • Confirm that the number provided is your MTN number and the same one you used to register on Betway. 
  • Key in the amount of money you want to deposit into your Account and confirm. 
  • You will then receive a notification to determine that your deposit was successful. 
  • After depositing, you can now navigate through the website and start betting. 

MTN MoMo safety

MTN operates under the core principles of data protection, which involves data governance, and advocates for data security for all customers. MTN is therefore secure and has an active customer service option that deals with security concerns raised by customers. Therefore, your betting activities are secured by the safety protocols of the company, ensuring that you deposit and obtain your finances as is. MTN MoMo is a mobile service option, therefore, it is regulated by the South African Reserve Bank Act 90 of 1989. This regulation consolidates laws concerning the South African Reserve Bank and the Republic’s monetary system, ensuring that transactions are safe and lawful. 

MTN MoMo Pros

  • MTN MoMo enhances easy money transactions.
  • It is quick and convenient for customers to use. 
  • It is safe to use.
  • It has an active customer service option. 
  • There are agents all over the country to help with deposits.
  • It is a cheap option for transacting. 

MTN MoMo Cons

  • Despite having many benefits, there are a few drawbacks associated with its services. One of the disadvantages is that it does not apply to all top betting sites in South Africa. 
  • MTN MoMo has many apps for different uses, which makes it ambiguous. It would have been easier to have all mobile money-related services under one app to enhance its convenience. 


Elizabeth Marole is responsible for content on BettingGuide ZA. She has prior experience as a math teacher and plays poker professionally when not writing for BettingGuide. Please contact her for any inquiries regarding gambling in South Africa.