PaySii partners with MFS Africa to reduce remittance fees across Africa

Global money transfer start-up PaySii has partnered with pan-African cross-border payments provider MFS Africa to facilitate remittances in Africa. The partnership will allow PaySii to service customers sending money to mobile money wallets, bank accounts, and for cash-pick-up services across the continent. The countries being served include Nigeria, Ghana, Uganda, Kenya, Cameroon, Rwanda, Ethiopia, Côte d’Ivoire, Zambia, Madagascar, Malawi, Congo, Niger, Benin and many more.
 
PaySii is a digital remittance platform known for its ultra-competitive rates and instant mobile-to-mobile money transfers, helping migrant communities around the globe send money to their loved ones with ease. According to the world bank, at an average cost of 9% in fees, Africa is the most expensive region to send money to.

In 2018, $40 billion USD was sent to sub-Saharan Africa and Paysii is aiming to reduce the costs associated with these transfers by making remittances easier.
 
Julie Neogy, Chief Commercial Officer at MFS Africa, commented on the partnership: ‘We are excited to partner with PaySii, which offers fast, secure and transparently priced money transfer services to the continent and beyond. Through this partnership, we are not only connecting our network and Africa to the wider world, but we also further our mission to lower the cost of digital payments’.
 
MFS Africa is the most interconnected payment platform operating the largest digital payments hub on the continent. With over 200 million mobile wallets, MFS Africa offers its partners unparalleled reach for scale across the continent. Money transfer companies can leverage the ubiquity of mobile wallets as a safe, convenient, and cost-effective transaction channel. MFS Africa works in close partnership with players across the ecosystem to bring simple and secure mobile financial services to customers without formal bank accounts.
 
Adil Dirie, Regional Manager at PaySii, said: ‘We are delighted to be partnering with MFS Africa, which has developed one of the largest footprints in the continent with access to all the major financial institutions. This partnership will help us serve our customers even further afield.
 
‘The partnership will facilitate the money transfers into mobile wallets operated by the likes of MTN, Airtel, Paga, Vodafone and Orange, which are operating in the new countries being served by PaySii’.

About PaySii
PaySii is a digital remittances platform provided by Purple Eye Ltd.; a UK based financial services company. They are known for their ultra-competitive rates and instant money transfers to mobile wallets in addition to cash collection and bank deposits at the recipient end. PaySii’s mission is to make the task of sending their customers hard-earned money to their loved ones with ease and at lower fees.

You can get more information about them at www.paysii.com

About MFS Africa

MFS Africa is a leading Pan-African fintech company, operating the largest digital payments hub on the continent. Connected to over 180 million mobile wallets in Sub-Saharan Africa, MFS Africa offers its partners unparalleled reach for scale across the continent. We allow merchants, banks, mobile operators and money transfer companies to leverage the ubiquity of mobile wallets as a safe, convenient, and cost-effective transaction channel. MFS Africa works in close partnership with players across the ecosystem to bring simple and secure mobile financial services to un- and under-banked customers. For millions of customers in Africa and beyond, we make borders matter less.

Find out more at www.mfsafrica.com

PaySII.com