This was revealed yesterday by MultiChoiceGroup CEO Calvo Mawela, in an interview with ITWeb after announcing the pay-TV provider’s financial results for the year ended 31 March.

Last month, MultiChoice forged a partnership with UK-based payments company Rapyd and venture capital (VC) firm General Catalyst to develop an integrated payment platform for the African continent.

The joint venture will operate under a new company called Moment.

Moment will offer expanded payment infrastructure for businesses across Africa, helping them collect and make payments “easier, quicker and more affordable” in any manner their buyers or suppliers prefer.

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