MFS Africa acquires digital payment provider Beyonic in its African expansion plan

AFRICA – MFS Africa, a pan-African payments gateway which connects wallets across different mobile money platforms through its API, has acquired Beyonic, a digital payments services provider for enterprises which operates in Ghana, Uganda, Tanzania, Kenya and Rwanda. As part of the acquisition, MFS Africa will absorb Beyonic’s entire team while Luke Kyohere, CEO of Beyonic, will join MFS Africa’s leadership team. MFS Africa will also offer Beyonic’s enterprise-focused service as a product under its wider brand. The acquisition, terms of which are undisclosed, remains subject to regulatory approval by…

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