MFS Africa partners inwi money to extend footprints to North Africa

MFS Africa, the Pan-African cross-border payments leader, Monday announced a partnership with Moroccan mobile money provider inwi money, bringing smooth and affordable international digital money transfers and payments to Morocco. The move marks MFS Africa’s first significant partnership in North Africa, which is home to approximately 2.9 million migrants, and whose emigrants account for approximately 4.4 or cent of the global migrant population. For the president people of Morocco, international payments and money transfers often play a critical role in day-to-day life, and MFS Africa’s digital payments hub can help…

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SMEs cross-border digital payments get boost as MFS Africa acquires Beyonic

Pan-African cross-border payments leader, MFS Africa, has announced its acquisition of Beyonic, a digital payments management provider of business services for Small and Medium Enterprises (SMEs), fintechs, and social impact entities across Africa. MFS Africa, the continent’s largest digital payments hub, connects more than 200 million mobile wallets on the continent through one API. Meanwhile, Beyonic focusses on domestic payments and collections coupled with secure front-end business functionality. This deal, which is subject to regulatory approval by the Fair Competition Commission in Tanzania, will provide the growing micro, small, and…

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