MFS Africa Partners Ripple to Enhance Its Real-Time Mobile Paymentsby Fintechnews Africa 16 November 2022
Mobile money company MFS Africa has partnered with crypto solutions provider Ripple to streamline real-time mobile payments for its customers across 35 countries.
The partnership will see MFS Africa utilising Ripple’s On-Demand Liquidity (ODL) solution to reduce bottlenecks associated with sending money across borders via legacy payment rails.
Ripple does this by allowing companies to perform transactions without the need for correspondent banking relationships or the pre-funding of accounts abroad.
“The Ripple MFS Africa partnership represents a confident, important and bold first step for our crypto strategy to leverage blockchain technologies to amplify our impact on consumers and businesses,”
said Dare Okoudjou, CEO at MFS Africa.