MFS Africa, one of Africa’s many digital payments gateway, has joined the African Hidden Champions (AHC), a collective venture involving Africa Foresight Group, DEG – Deutsche Investitions- und Entwicklungsgesellschaft (The German Development Finance Institution), and the African Development Bank.
This consortium, established in 2020, is dedicated to spotlighting over 25 vibrant African enterprises, including MFS Africa.
MFS Africa’s outreach spans 40+ African nations and more than 60 global countries through its “network of networks,” of over 500 million mobile wallets and in excess of 200 million bank accounts across 800 active payment channels.
By tackling challenges such as high payment clearing costs, limited mobile network compatibility, and intricate regulatory landscapes, MFS Africa stands at the forefront of Africa’s technological advancement, while AHC remains steadfast in its mission to identify and promote African enterprises that excel in delivering products and services to their clientele.
As a company, our unique understanding of the continent and our commitment to making borders matter less is a huge factor in the payment solutions we provide to our partners. Money in Africa right now is offline, and we are digitalising that through agents in mobile money markets and POS agents such as the Baxi agents in Nigeria. We are also taking this further by enabling interoperability between agent and card networks.” said Dare Okoudjou, Founder & CEO of MFS Africa.
He added, “Because of our position as an enabler and a network of networks, our goal is to connect our partners and fintech companies across the continent to that digital cash coming in through one API so they can easily service the 1.2 billion people on the continent. We are in this for the long haul. Our next focus as a company is to strengthen our foundation and expand into all African countries as we build the payments infrastructure for the next 100 years. We are pleased to join this incredible network of companies and look forward to working with the partners as we continue to scale.”
