By SHARON ZULU
MFS Africa, Africa’s largest digital payments gateway, has joined the African Hidden Champions (AHC).
Connecting customers to service providers, MFS Africa has over 500 million mobile wallets and more than 200 million bank accounts across 800 live payment corridors.
MFS Africa “network of networks” connects over 40 countries in Africa and more than 60 countries globally.
By overcoming the high cost of clearing payments, low mobile network interoperability and complex regulatory climates, MFS Africa is firmly positioned at the forefront of Africa’s tech revolution.
“As a company, our unique understanding of the continent and our commitment to making borders matter less is a huge factor in the payment solutions we provide to our partners. Money in Africa right now is offline, and we are digitalising that through agents in mobile money markets and POS agents such as the Baxi agents in Nigeria. We are also taking this further by enabling interoperability between agent and card networks.” Mr Okoudjou says..
He added, “Because of our position as an enabler and a network of networks, our goal is to connect our partners and fintech companies across the continent to that digital cash coming in through one API so they can easily service the 1.2 billion people on the continent. We are in this for the long haul. Our next focus as a company is to strengthen our foundation and expand into all African countries as we build the payments infrastructure for the next 100 years.
African Hidden Champions is a co-partnership of Africa Foresight Group, and the African Development Bank.
