MFS Africa partners Afrimoney to enter into Sierra Leone’s market

SIERRA LEONE – Mobile money company MFS Africa has entered Sierra Leone via a partnership with mobile network operator Africell’s mobile money business, Afrimoney. As a result of the partnership between MFS Africa and Afrimoney, users of mobile transfer operators that are connected to MFS Africa’s hub, including MoneyGram, World Remit and Xoom, will be able to send money to digital currency mobile wallets within Sierra Leone. The partnership follows Africell’s receipt of a US$105 million commercial loan facility to help drive its African growth plans, last month. MFS Africa’s…

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Maviance secures US$3m from MFS Africa to expand into other countries

CAMEROON – MFS Africa, a pan-African fintech company operating a digital payments hub on the continent, has provided seed investment of US$3 million to Maviance, a Cameroon-based fintech provider. Maviance will be using the new funding to increase its footprint in its Cameroon and to expand into other countries in the central African economic region (CEMAC).   “The rapid development of digital financial services that we have seen in Cameroon over the past few years is poised to spread across the CEMAC region. This will further accelerate the demand for domestic…

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MFS Africa partners with Xoom to offer mobile money transfers in Africa

AFRICA – MFS Africa, a pan-African fintech platform, has partnered with Xoom, a PayPal service, to offer secure and convenient mobile money transfers to seven countries across Africa. MFS Africa will connect Xoom to its digital payments hub, the largest in Africa, allowing the company’s customers in the UK, Europe and North America to send money to people in Cameroon, Ghana, Rwanda, Uganda, Zambia, and Zimbabwe – with plans to include more countries on the continent in 2021. Xoom already provides money transfers to bank accounts and cash pick-up locations…

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