To Commence International Mobile Money Transfer…   Afrimoney Partners with MFS Africa

By Amin Kef Sesay

MFS Africa has partnered with Afrimoney, the Africell mobile money service. According to what this medium learnt, the partnership will enable mobile money users in the country to receive payments from abroad smoothly and affordably.

It must be noted that remittances from abroad amount to more than half of annual household consumption in Sierra Leone and therefore play an important role in economic growth. 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.

This medium further understood that with this partnership in place, mobile transfer operator customers that are connected to the MFS Africa hub – such as MoneyGram, World Remit, and Xoom – can easily send money to mobile wallets in Sierra Leone.  With over 320 million mobile wallets connected to MFS Africa’s hub, it provides an array of new cross-border payment possibilities.

Dare Okoudjou, CEO and Founder of MFS Africa, commented on the partnership:

“To drive growth in Sierra Leone, bringing more people into the financial system is essential. We are excited to develop new financial pathways to the market with this partnership – Africell offers a compelling and easy way for Sierra Leonean people and businesses to access financial services easily. We’re expanding the possibilities for users by making it seamless and cost-effective to receive money across borders – whether that’s enabling a son or daughter in Freetown to send money home to his or her family or removing obstacles to entrepreneurs who want to look further afield for business.”

Andy Widmann, Group Director, Afrimoney, said:

“Afrimoney is driving greater financial inclusion in Sierra Leone and other African countries. Our partnership with MFS Africa adds to the strength of the Afrimoney platform by linking us to more international mobile transfer operators and giving these operators superior access to the growing market of Sierra Leone. Remittances are an important source of economic value for Sierra Leone, and we are pleased to be working with MFS Africa to make them easier and more affordable for customers.”

MFS Africa has enhanced the next-generation digital customer experience and further strengthened its position as one of the most innovative fintechs on the continent, making the whole remittance process easier.

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The Calabash Newspaper The Calabash Newspaper
The Calabash Newspaper Established in 2017, The Calabash Newspaper serves as a trusted platform for news and general information dissemination, catering to a broad Sierra Leonean audience both at home and abroad through its active presence on social media. The publication is committed to engaging its diverse readership by reporting on topical news events in Sierra Leone, enriched with editorials and insightful commentaries on pressing issues of the day. In addition to local news, The Calabash Newspaper expands its scope to include topics of continental interest, drawing from various international publications that address political, economic, and social developments across Africa.
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