Financial Insight Zambia
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Mule simaela [โฆYou Should Be Smiling โบ๏ธ]
Good morning from Team MoMo From MTN ZM Yesterday, MTN, led by Mrs. Pafyako Malema Museba, and Stanbic Bank Zambia represented by Ms. Helen Lubamba, Head of CIB, together commissioned the MoMo Bank POS.
This is a major stride toward improving efficiency and leading to a cashless, more convenient future for businesses and clients.
02/06/2026
๐ ๐ง๐ก ๐ ๐ผ๐ ๐ผ ๐๐ฒ๐ฒ๐ฝ๐ฒ๐ป๐ ๐๐ถ๐ด๐ถ๐๐ฎ๐น ๐ฃ๐ฎ๐๐บ๐ฒ๐ป๐๐ ๐ฅ๐ฒ๐ฎ๐ฐ๐ต ๐๐ถ๐๐ต ๐ฆ๐๐ฎ๐ป๐ฏ๐ถ๐ฐ ๐๐ฎ๐ป๐ธ ๐ฃ๐ข๐ฆ ๐๐ป๐๐ฒ๐ด๐ฟ๐ฎ๐๐ถ๐ผ๐ป
๐๐๐๐ฎ๐ธ๐ฎ, ๐ญ๐ฎ๐บ๐ฏ๐ถ๐ฎ
PRESS RELEASE
MTN Zambia Mobile Money Limited (MTN MoMo) has expanded its digital payments footprint by enabling customers to pay for goods and services using MoMo on Stanbic Bank Zambia Point of Sale (POS) machines nationwide, marking another important step in broadening access to fast, secure and convenient cashless transactions.
The integration makes Stanbic Bank the fourth banking partner to accept MoMo payments on its POS network, joining First National Bank (FNB Zambia), United Bank For Africa PLC (UBA), Indo Zambia Bank and Zanaco. With this latest addition, MTN MoMo is now the most widely available mobile money payment option across bank POS terminals in Zambia.
The solution enables MTN MoMo customers to make fast, secure and seamless payments at participating merchants by approving transactions on their mobile phones, while merchants receive instant confirmation on Stanbic POS terminals, creating a smoother and more efficient checkout experience for both parties.
Speaking on the launch, MTN MoMo Head Strategy and Business Development, Pafyako Malema Museba, described the partnership as a significant milestone in accelerating digital payment adoption and expanding financial inclusion across Zambia.
"The addition of Stanbic Bank to our growing network of banking partners reinforces our commitment to making MoMo payments available wherever customers choose to transact. With FNB, UBA, IZB, Zanaco and now Stanbic Bank POS terminals accepting MoMo payments, we have significantly expanded payment acceptance points and strengthened MoMo's position as the most widely available mobile money payment option on bank POS infrastructure in Zambia. This is another important step in creating a more inclusive and cash-lite digital economy that benefits both consumers and businesses," said Malema.
๐๐ณ๐ฟ๐ถ๐ฐ๐ฎ ๐๐ฟ๐ฒ๐ฒ๐ป๐๐ผ ๐ฎ๐ป๐ฑ ๐ฆ๐ฎ๐ป๐น๐ฎ๐บ ๐ฃ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ๐๐ต๐ถ๐ฝ ๐ ๐ฎ๐ฟ๐ธ๐ ๐ ๐ฎ๐ท๐ผ๐ฟ ๐ ๐ถ๐น๐ฒ๐๐๐ผ๐ป๐ฒ ๐ณ๐ผ๐ฟ ๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐ฃ๐ผ๐๐ฒ๐ฟ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐๐ | ๐๐
๐ฐ๐น๐๐๐ถ๐๐ฒ ๐๐ป๐๐ฒ๐ฟ๐๐ถ๐ฒ๐
Mr Wezi Gondwe, Managing Director of Africa GreenCo / GreenCo Power Services, has described Sanlam Investmentsโ US$10 million investment in GreenCo as a landmark moment for both the company and Africaโs energy transition journey.
Speaking during an exclusive interview with Financial Insight Zambia CEO Mr Mwelwa Chibesakunda in Lusaka, Mr Gondwe said the investment marks the entry of GreenCoโs first commercial institutional investor and the first major African-sourced capital injection into the company. He noted that the development demonstrates growing confidence in GreenCoโs business model and highlights the increasing role African investors can play in addressing the continentโs energy challenges.
Mr Gondwe reflected on GreenCoโs journey over the past several years, during which the company has expanded its operations across Southern Africa with support from development finance institutions. He explained that the partnership with Sanlam represents a significant shift, validating GreenCoโs commercial viability while reinforcing the importance of African capital in financing Africaโs development priorities.
According to Mr. Gondwe, the investment strengthens GreenCoโs balance sheet and provides additional capacity to contract more renewable energy projects across the region. This, he said, will enable the company to accelerate its support for Independent Power Producers (IPPs), facilitate new power generation projects, and contribute to improving regional electricity supply.
He further emphasized that the transaction sends a strong signal to project developers and financiers, demonstrating that innovative energy trading models can attract substantial private-sector investment. The additional capital will help unlock financing opportunities for renewable energy projects while supporting the expansion of regional power markets.
Looking ahead, Mr Gondwe expressed optimism that the deal will encourage greater participation by African investment institutions in the energy sector. He stated that increased African capital, expertise, and leadership will be critical in driving the continentโs energy transition and delivering sustainable, homegrown solutions to Africaโs power challenges.
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