EziPay, an African digital wallet company, and MFS Africa have announced a partnership with the aim to improve the last-mile connectivity for remittances and collections to and from mobile money wallets and bank accounts in Africa.
According to Dare Okoudjou, the Founder and CEO of MFS Africa, it’s crucial to facilitate the growth of businesses, regardless of their size, by creating a network hub and partner ecosystem that aligns with the same principles.
In his view, teaming up with EziPay, a company renowned for providing digital wallets for inward and outward remittances to MSMEs, SMEs, and individuals across continents, is an excellent match. This collaboration will enhance MFS Africa’s efforts to promote interoperability through acquisitions and partnerships.
EziPay operates in 14 African countries and serves a global user base of over 300,000, including members of the African diaspora and local expatriates who use EziPay’s digital wallets for inward and outward remittances. Headquartered in Accra, Ghana, the company’s global wallet has over 90 payout corridors in more than 90 countries.
EziPay’s most recent product is a USD Global Wallet platform that enables essential financial services via an app or web access for users. The digital payment services platform works with users’ preferred Mobile Money Wallet, Bank Account, and Visa/Master Card to offer a simple, fast, secure, and reliable payment experience.
You asked for it and we delivered!
Add funds to your ezipay Global USD with your local mobile money wallets Across Africa!
Send and receive money instantly
from UK, Europe, China, Africa etc
with Ezipay Global. pic.twitter.com/YiwhT2h5oR
— EziPay Global (@EziPayGlobal) April 10, 2023
According to EziPay CEO and co-founder, Amit Gaur, the collaboration with MFS Africa would facilitate cross-continent remittances to Africa from Asia, Europe, the UK, and the USA for various purposes such as:
- Paying for goods and services
- School fees
- Medical expenses
- Business transfers
- Family maintenance allowances, and
- Peer-to-peer transfers
He adds that the partnership enables users to have instant remittances to bank accounts and wallets across Africa for their ever-growing customer base.
MFS Africa’s full-service digital payments network connects:
- Over 400 million mobile money wallets
- Over 200 million bank accounts, and
- Over 120 000 agents
It offers both local and cross-border disbursements and collections through its network of networks and collaborates closely with several partners towards enabling seamless financial transactions across borders.
In November 2022, MFS Africa and Ripple, the blockchain solutions company behind $XRP token, announced a partnership that would see Ripple’s On-Demand Liquidity (ODL) solution be available on the continent.
Ripple and MFS Africa Partner to Enable Low Cost Remittances Across 35 African Countries
MFS Africahas the largest mobile money footprint in Africa connecting over 400 million mobile wallets across 35 countrieshttps://t.co/jXdzyCKdDW @MFS_Africa @Ripple pic.twitter.com/ZAkNCExWYs
— BitKE (@BitcoinKE) November 19, 2022
According to Ripple, markets in Africa struggle to source liquidity and crypto solutions like ODL can buttress businesses that cannot source capital via traditional sources.
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