MFS Africa inks partnership

MFS Africa Partners with Moov Togo to Expand Flooz Mobile Wallet Services Across the Region

Flooz users in Togo may now send and receive money to and from mobile wallets and bank accounts across the region, thanks to a new partnership announced between Moov Togo and MFS Africa. The partnership gives Flooz access to a larger network of partners, including banks and online merchants.

Cross-Border Remittances and Regional Impact

Togo receives over USD 80 million from other WAEMU countries each year and sends over USD 35 million to the same countries. This new collaboration is expected to enhance cross-border payments and facilitate smoother financial transactions across the region.

MFS Africa’s Role in Africa’s Digital Payments Network

MFS Africa is a fintech company that enables interconnections between mobile wallet systems and banks, money transfer operators, and merchants. Already connected to over 170 million mobile wallet users across the continent, MFS Africa claims the largest digital payments network in Africa.

By integrating Moov Togo’s Flooz service into its expansive network, MFS Africa further solidifies its position as a leader in enabling seamless digital financial transactions across Sub-Saharan Africa.

Source: Telecompaper