Tuesday, November 30, 2021

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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
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