March 9

Western Union, MFS Africa to Enable Money Transfers Across Africa

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

It was gathered that the partnership would 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 in other countries across the continent.

Photo courtesy of Simon Berry.

Source: Business Post (link opens in a new window)

Finance, Technology, Telecommunications
financial inclusion, mobile finance, remittances