MFS Africa is a Pan African company that develops and distributes simple and relevant financial services through mobile phones in Africa. Through partnerships with Mobile Network Operators on the one hand, and Financial Institutions on the other hand, MFS Africa extends the reach and lowers the cost of delivering services such as insurance, international money transfer, credit and savings, and online payments.

Products
Transfers
MFS Africa is a Pan African company that develops and distributes simple and relevant financial services through mobile phones in Africa. Through partnerships with Mobile Network Operators on the one hand, and Financial Institutions on the other hand, MFS Africa extends the reach and lowers the cost of delivering services such as insurance, international money transfer, credit and savings, and online payments.

Loans
At the time of registration, a credit scoring and credit limit is calculated and updated monthly. Any credit request that falls within the limit is automatically disbursed to the client’s MM account.

Insurance
Comprehensive life insurance products accessible through mobile phones. Insurance rules are built into the system: waiting period, grace period, renewal rules, age limits. Consistent access to savings through automatic daily or weekly debits, facilitating contributions.

Payments
Payment service available through mobile (USSD) and web. On mobile, customers access the payment menu and login through merchant account number. Online merchants can accept payments from mobile wallet customers without worrying about payment collection.