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 Access Africa 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 Access Africa, it makes the transfer and receiving of money far more convenient.
The partnership will provide simplified transfers for Access Africa 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.
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.