Pan African bank Ecobank has announced the appointment of MFS Africa as its digital payment partner, enabling cross-platform payment services for Ecobank account holders. The partnership will allow Ecobank customers to send and receive money to and from over 170 million mobile money users through an integration with MFS Africa that covers all telecom operators in the MFS Africa Hub. The service is both domestic and crossborder intra-Africa, leveraging Rapidtransfer, a proprietary instant remittance product of Ecobank.
Ecobank operates in 33 African countries and serves over 20 million customers. MFS Africa operates the largest mobile payments hub network in sub-Saharan Africa, connecting over 170 million mobile wallets, and a wide network of money transfer operators and merchants. Through partnerships with mobile network operators including MTN, Orange, Airtel, Moov, Econet, Tigo, Safaricom and Vodafone, MFS Africa allows mobile financial services to scale across borders, currencies and networks with a Pan African Bank like Ecobank.
Source: https://www.telecompaper.com/news/ecobank-appoints-mfs-africa-as-digital-payment-partner--1273144