">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Tuesday, January 19, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Business

MFS Africa Acquires Sochitel to create high value transfer payment network in Africa

Eric Vateta by Eric Vateta
4 years ago
in Business, Tech
4 min read
0

Pan-Africa fintech company MFS Africa has acquired an international airtime top-up provider, Sochitel. The move is meant to create a high value transfer payment network focusing on Africa.

The MFS Africa Hub enables cross-border, cross-currency, cross-network payments within and into Africa, reaching an estimated 100 million mobile wallets across all major mobile money networks. The Sochitel acquisition adds airtime top-up to the MFS Africa portfolio, which already includes remittances, e-commerce and bill payment.

On the other end, Sochitel enables international airtime top-up services through a variety of channels and partners.

“The time is clearly ripe for consolidation in this industry,” said Faisal Khan, a payments expert specializing in international money transfer. “Airtime top-up is a natural complement to money remittances. It’s exciting to see a Pan-African company such as MFS Africa take the lead in consolidating digital cross-border payments. This acquisition makes a lot of sense both from a product portfolio and network synergy point of view.”

MFS Africa will also be able to leverage Sochitel’s deep reach and understanding of the African diaspora in Europe and North America to develop innovative value added services for its partners.

“We are thrilled to join forces with another leader in African fintech,” said Jerry Ejikeme, founder and CEO of Sochitel. “Money transfer is a logical next step for us and we are eager to bring this service to our client base, while also extending airtime transfer services to MFS Africa Hub clients. Together, we have an incredible service offering for Africans, the African diaspora and trade partners around the world.”

READ  Airtel Partners With MicroEnsure Provide Insurance Services To Its Customers In Africa

“We are very proud to expand our network and offering with Sochitel joining the MFS Africa family,” said Dare Okoudjou, founder and CEO of MFS Africa. “Our mission to reduce remittance costs and enhance digital payments in Africa is considerably strengthened through the partnership with Sochitel.”

Related posts

Tatu City Partners with Konza to Attract Investors to Kenya

January 19, 2021
0
searchengineland.com

SEO for Beginners: Where to Start and What You Need

January 19, 2021
0

Why Dota 2 Viewership Is Going Up

January 19, 2021
0
pregnant woman kenyan

Nakuru County Has Introduced Smart Watches That Will Monitor Expectant Mother

January 19, 2021
0

 

Readers 2,223

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: MFS AfricaSochitel
Eric Vateta

Eric Vateta

Related Posts

Tech

Tatu City Partners with Konza to Attract Investors to Kenya

January 19, 2021
0
searchengineland.com
Tech

SEO for Beginners: Where to Start and What You Need

January 19, 2021
0
Tech

Why Dota 2 Viewership Is Going Up

January 19, 2021
0
pregnant woman kenyan
Tech

Nakuru County Has Introduced Smart Watches That Will Monitor Expectant Mother

January 19, 2021
0
Social media

A Non-Profit American Organization Is Demanding For Telegram To Be Removed From The Apple Store

January 19, 2021
0
Business

Mastercard, Unilever & KCB Bank to pump over $150,000 into SMEs in Kenya via their Jaza Duka program

January 18, 2021
0
Tech

Use these smart TV security tricks to protect your privacy

January 18, 2021
0
A salesman checks a customer's iPhone at a mobile phone store in New Delhi, India, July 27, 2016. REUTERS/Adnan Abidi
Mobile

How To Measure How Much You Walk On Your iPhone

January 17, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Tatu City Partners with Konza to Attract Investors to Kenya

January 19, 2021

4 Science-Backed Benefits of Having a Dog

January 19, 2021
searchengineland.com

SEO for Beginners: Where to Start and What You Need

January 19, 2021

Why Dota 2 Viewership Is Going Up

January 19, 2021
pregnant woman kenyan

Nakuru County Has Introduced Smart Watches That Will Monitor Expectant Mother

January 19, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: