27th February 2024 7:03 pm
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MFS Africa partners with Access Bank on remittance out of Kenya and Nigeria

  • MFS Africa has announced a partnership with Access Bank to make outward remittance possible for customers in Kenya and Nigeria.
  • MFS Africa plans to leverage the AccessAfrica solution, which makes transfers and receipts of money easier.
  • Through MFS Africa’s hub, Access Bank will be able to send remittances and payments to accounts across more than 35 African markets.

Digital payments network, MFS Africa, has announced a partnership with Access Bank, the largest financial institution in Nigeria which operates across 17 markets on the continent, to expand its AccessAfrica remittance solution.

Each company is looking to leverage the reach and technology of the other, with MFS Africa boasting an extensive network of mobile wallets and banks that it works with on the continent. As for AccessAfrica, it makes the transfer and receiving of money far more convenient.

“The partnership will provide simplified transfers for AccessAfrica customers, enabling real-time, cost-effective cross-border payments for individuals and businesses who want to send financial support to their families abroad or facilitate trade transactions. AccessAfrica customers will also be able to receive payments from all over the world through MFS Africa partners,” the company explains in a press release sent to Hypertext.

“Through this partnership we’ll be expanding Access instant outbound remittance reach to potentially 400 million mobile wallets and more than 130 banks across over 35 African countries, enabling thousands of people and businesses throughout the continent to receive payments in real time from Nigeria, and improving convenience for and facilitating trade with the neighbouring countries and beyond,” adds Dare Okoudjou (pictured in header), CEO at MFS Africa.

Moving forward, through accessing MFS Africa’s hub, Access Bank says it will be able to send remittances and payments to a footprint of over 200 million bank accounts across more than 35 African markets.

[Image – Provided]

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