MFS Africa hires former Visa VP as its CCO

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

MFS Africa, an African-focused mobile money aggregator has appointed Reg Swart, former Visa VP of Strategy and Sales for Emerging Markets Digital, as its newest Chief Commercial Officer.

At MFS Africa,Mr. Swart will be in charge of driving strategic business plans and will also spearhead partnerships with mobile operators to increase MFS Africa’s transactions.

Swart  was recently senior VP of Global Business Development at Fundamo, a mobile financial services firm acquired by Visa for $110 million in 2011. He also has extensive experience in mobile banking and payments in Africa and the Middle East.

MFS Africa connects over 120 million mobile money recipients across all major mobile networks in Africa and has over 45 million registered wallets across 13 countries. MFS Africa Hub powers operators P2P wallets beyond their borders and across networks over a single API.

Swart will be responsible for signing up more operators and banks across Africa.