Africa’s Global Bank, the United Bank for Africa (UBA) Plc and MFS Africa, Africa’s largest digital payments hub, have announced a partnership that will see both institutions offer innovative and timely solutions to a wide range of customers, especially in the area of Remittances, Electronic Money Services, SME Payments, as well as integration to businesses for cross border payments.
These services are expected to cover the 20 African
countries UBA operates in, which include; 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.
Both organisations signed an MoU at the UBA Head Office in
Lagos on Tuesday, heralding the start of a partnership that will be pivotal in
leveraging MFS Africa’s digital payment hub that connects over 400 million mobile money users to a wide
range of partners including Mobile Money Operators, Money Transfer
Organisations, Fintechs, Enterprise Merchants, and others, to drive
distribution of financial services at scale.
UBA’s Group Deputy Managing Director, Muyiwa Akinyemi, who
spoke during the signing ceremony, expressed his excitement at the plethora of
offerings that UBA customers will enjoy from the partnership.
Speaking on behalf of MFS Africa, Dare Okoudjou, the founder
and CEO, said, “As the payments landscape in Africa continues to evolve, we
believe that Fintechs and banks need to have a deeper collaboration in
expanding opportunities that will help ease remittance, payments, disbursements
and collections for businesses and their consumers across all sectors of the
economy in Africa.
.jpeg)
0 comments:
Post a Comment