December 4, 2022

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INTERNET PROVIDER BLOG

UBA companions MFS Africa on seamless digital funds, remittances 


Africa’s World Financial institution, the United Financial institution for Africa (UBA) Plc and MFS Africa, Africa’s largest digital funds hub, have introduced a partnership that may see each establishments supply modern and well timed options to a variety of consumers, particularly within the space of Remittances, Digital Cash Providers, SME Funds, in addition to integration to companies for cross border funds.

These providers are anticipated to cowl the 20 African nations UBA operates in, which embody; Nigeria, Ghana, Kenya, Côte d’Ivoire, Zambia, Tanzania, Uganda, Republic of Benin, Burkina Faso, Cameroon, Chad, Congo, the Democratic Republic of Congo, Gabon, Guinea, Liberia, Mozambique, Sierra Leone, Mali and Senegal.

Each organisations signed an MoU on the UBA Head Workplace in Lagos on Tuesday, heralding the beginning of a partnership that will probably be pivotal in leveraging MFS Africa’s digital cost hub that connects over  400 million cell cash customers to a variety of companions together with Cell Cash Operators, Cash Switch Organisations, Fintechs, Enterprise Retailers, and others, to drive distribution of monetary providers at scale.

UBA’s Group Deputy Managing Director, Muyiwa Akinyemi, who spoke throughout the signing ceremony, expressed his pleasure on the plethora of choices that UBA clients will get pleasure from from the partnership.

Talking on behalf of MFS Africa, Dare Okoudjou, the founder and CEO, mentioned, “Because the funds panorama in Africa continues to evolve, we imagine that Fintechs and banks have to have a deeper collaboration in increasing alternatives that may assist ease remittance, funds, disbursements and collections for companies and their customers throughout all sectors of the economic system in Africa.

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