PSF CEO and his MTN counterpart after signing the agreement.
Rwandans can now brace for a fully cashless international exhibition following a partnership agreement signed between MTN and Private Sector Federation.
The partnership was signed Thursday during the Transform Africa Summit in Kigali.
It aims at accelerating doing business in Rwanda.
Both institutions have agreed this partnership will bring digital user-friendly solutions starting with MoMo Pay and Ticketing solutions.
“Customers can easily transact without necessarily using cash, but rather using their Mobile Money wallets,” the join communiqué reads in part.
The two parties have also agreed that Mobile Money be used to purchase all products during EXPO.
People will be able to buy their EXPO tickets with momo. They will then receive a confirmation message which will be used at the entrance for validation using handsets.
Also businesses will be able to send money to neighbouring countries to enable them to clear their goods without moving from Rwanda and vice versa.
“We want to be part of this journey and we hope with the new partnership with MTN Rwanda will be a great kick-off point to drive this initiative forward,” said Stephen Ruzibiza, the PSF Chief Executive Officer.
MTN and PSF concur with the fact that smart applications and other innovations in the digital economy can improve services and help address business challenges in a wide range of areas, including health, agriculture, food processing, corporate governance, tax, transport, education, entertainment, and the environment, among others.
“The key to success is the adoption of Mobile Money as an alternative to cash by small and medium sized businesses,” says MTN CEO Bart Hofker.
Implementation of this partnership will be preceded by trainings and workshops on the usage of Mobile Money, assistance in acquiring the required technologies, extension of usage of the technology in day to day businesses even after the Expo, as well as providing the advisory services where required.
PSF and MTN will also run an educational campaign countrywide and through different communication channels