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MFS Africa: Joins the Pan-African Payment and Settlement System network | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

MFS Africa: Joins the Pan-African Payment and Settlement System network

MFS Africa: Joins the Pan-African Payment and Settlement System network

  • MFS Africa connects mobile money users and service providers, providing access to simple, secure, affordable 
  • Announces that it has joined the Pan-African Payment and Settlement System (PAPSS) network
  • The newly established African cross-border and financial markets infrastructure facilitating the payment
  • Extend the reach of the PAPSS network to over 320 million mobile money and last-mile users across 35 African markets
  • The partnership will empower the millions of semi-formal small and micro-African businesses who are too often left behind
  • The interchangeability of African currencies is still very limited after decades of independence

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