Brand Times

Top Menu

  • Home
  • Advert Rates
  • Contact us
  • About us

Main Menu

  • Home
  • Brand News
    • What’s New
    • Campaign
    • CSR
  • Business
  • Technology
  • Insights
  • Industry
    • Autobrands
    • Energy
  • Special Report
  • LifeStyle
    • Health
    • Sports
    • Food
    • Movies
    • Music
  • Home
  • Advert Rates
  • Contact us
  • About us

logo

Header Banner

Brand Times

  • Home
  • Brand News
    • What’s New
    • Campaign
    • CSR
  • Business
  • Technology
  • Insights
  • Industry
    • Autobrands
    • Energy
  • Special Report
  • LifeStyle
    • Health
    • Sports
    • Food
    • Movies
    • Music
Technology
Home›Technology›Western Union, MFS Africa Team Up to Enable Money Transfers into Mobile Wallets Across Africa

Western Union, MFS Africa Team Up to Enable Money Transfers into Mobile Wallets Across Africa

By Brand Times
March 3, 2023
79
0
Share:
Facebook0Tweet0Pin0LinkedIn0

Africa’s largest payment gateway, MFS Africa, has partnered with Western Union to enable individuals and businesses across the continent to receive money from over 200 countries and territories. 

 

The partnership will enable funds to be sent from countries around the world to mobile wallets across Africa through the organization’s licensed payment rails. The service will first launch in Madagascar, and eventually to other countries across the continent. 

 

Kumar Shourav, Managing Director, MTO’s at MFS Africa noted that a partnership like this is unprecedented in the industry, with huge potential benefits, value, and impact implications in the long run. “At MFS Africa, we have always believed in making payments as simple as possible. Payment infrastructures globally have traditionally remained fragmented and local in nature. Africa’s 54 countries are diverse not just in terms of population, development levels, growth rates, and stability but with payment infrastructure and regulations as well. Africa’s fast-growing populations and markets present important opportunities for businesses and individuals in an environment of slowing global growth. MFS Africa has more than a decade worth of experience in navigating the challenging Africa payments landscape. Its direct relationship with mobile wallet players, banks, cash pick up networks and regulators on the continent is unmatched in the industry. Western Union is a global leader in cross-border, cross-currency money movement and payments. Through this partnership, both organisations will provide customers, businesses and Global Development Organisations across the world with access to convenient payout  options in Africa. This will foster better integration between Africa and the rest of the world and will go a long way in supporting financial inclusion across the continent. Therefore, this partnership made complete sense.”

 

Similarly, Western Union’s ethos is based on empowering the aspiring populations of the world with accessible financial tools to improve the lives of their loved ones and communities.

 

Hassan Chatila, Global Head of Account Payout Network, Western Union, says, “At Western Union, we aim to be the global leader in providing accessible financial services to the world’s populations and, in turn, increase global financial inclusion. Our efforts to drive global financial inclusion means delivering on customer needs today and into the future. Through our partnership with MFS Africa, we are excited to come together and deliver on our joint commitment to bring innovative solutions for customers as they support their families and accelerate their momentum up the economic ladder.” 

Mohamed Touhami El Ouazzani, Regional Vice President of Africa, Western Union, “Innovation, commitment to customer focus and financial inclusion are at the heart of everything we do at Western Union. We are deeply committed to the region and remain focused on advancing cross-border money movement solutions for the people in this region, their communities as well as the broader economy. Through our collaboration with MFS Africa, we look forward to achieving our common critical role in getting money to the places where and when it is most needed.”

This collaboration to provide access to transacting across borders will further cement MFS Africa as a preferred, better, and one-stop solution for payments into and within Africa. Whether you’re a young entrepreneur in the merchant marketplace, require access to collect loan repayments from customers or need to send bulk payments, MFS Africa strives to continuously connect senders, recipients, and service providers across the continent. 

The organization’s full-service digital payments network connects over 400 million mobile money wallets, over 200 million bank accounts across Africa, and over 200,000 agents in Nigeria, to enable cross-platform and cross-border payments for remittance companies, mobile network operators, banks, non-bank financial institutions and global merchants. 

Facebook0Tweet0Pin0LinkedIn0
TagsMFS AfricaMobile WalletsWestern Union
Previous Article

E-Commerce in Africa to Record 50% Growth-UN ...

Next Article

MultiChoice Partners Comcast to Create Pan-African Video Streaming ...

Share:

Related articles More from author

  • Business

    EziPay, MFS Africa Team Up to Enable Remittances Across Africa

    February 17, 2023
    By Brand Times
  • Business

    Ecobank Appoints MFS Africa As Digital Payment Partner

    December 20, 2018
    By Brand Times
  • Brand News

    Western Union Wins B2B Innovation of the Year Award

    October 21, 2016
    By Brand Times
  • Technology

    MFS Africa Selects ThetaRay AI Tech For Transaction Monitoring, Sanctions Screening

    October 12, 2022
    By Brand Times
  • Technology

    Facebook Introduces “My Digital World” To Meet Digital Literacy Needs

    June 16, 2020
    By Brand Times
  • Technology

    Intel Sets to Empower More Girls via Technology

    June 5, 2016
    By Brand Times

Leave a reply Cancel reply

  • Special Report

    BBM Messenger Driving Instant Messenger Growth in Nigeria

  • Brand NewsWhat's New

    Richlife Africa to Launch One Nigeria Challenge, Targets 10 million Nigerians

  • Technology

    Five Things To Do Immediately To Address Payments Fraud

Recent Posts

  • How Telephony Integration Improves CRM Performance March 31, 2023
  • Nigerian Idol Records Over 10% Increase In Entries For Season 8 March 31, 2023
  • Dentsu Holds Procurement Academy Programme to Deepen Relationship With Clients March 30, 2023
  • FBRA, UNIDO Team Up to Train Recyclers and Manufacturers of Plastic in Abuja March 30, 2023
  • Plasmaster™ Ionizer++, The Most Advanced Bacteria Elimination Technology in LG Air Conditioners March 30, 2023

Quick Credit

About us

Brand Times Official Logo

Brandtimes is the number one platform for latest brand news. Brandtimes showcase all the happenings in the brand world. The present, the past and the future are all about time, Brand Times takes the world on a journey of fun, education, information and exclusive brand news.

Recent Posts

  • How Telephony Integration Improves CRM Performance March 31, 2023
  • Nigerian Idol Records Over 10% Increase In Entries For Season 8 March 31, 2023
  • Dentsu Holds Procurement Academy Programme to Deepen Relationship With Clients March 30, 2023
  • FBRA, UNIDO Team Up to Train Recyclers and Manufacturers of Plastic in Abuja March 30, 2023
  • Plasmaster™ Ionizer++, The Most Advanced Bacteria Elimination Technology in LG Air Conditioners March 30, 2023

Follow us