MFS AFrica: Moves into Sierra Leone

MFS AFrica: Moves into Sierra Leone

• MFS Africa is a pan-African fintech company that develops innovative value-added services for mobile wallets
• Announces that it has made its entry into Sierra Leone, partnering with Afrimoney, pan-African telecommunications leader Africell’s mobile money service
• Enable mobile money users in the country to receive payments from abroad smoothly and affordably
• Remittances from abroad amount to more than half of annual household consumption in Sierra Leone
• As of 2017, less than one in five people in Sierra Leone had a bank account, and mobile money provides an alternative to conventional finance
• To drive growth in Sierra Leone, bringing more people into the financial system is essential