MFS Africa launches Rwanda-Uganda mobile money transfers

Friday 11 September 2015 | 11:49 CET | News
MFS Africa, an African aggregator of mobile wallet services, announced that its first East African xP2P corridor has now opened between MTN Uganda and MTN Rwanda. MTN Mobile Money users in Rwanda are now able to send money to Uganda through the MFS Africa Hub. The Hub connects mobile wallet customers across networks and countries in sub-Saharan Africa, enabling mobile-to-mobile international money transfer ("xP2P"). The World Bank estimates that over USD 160 million is sent from Rwanda to Uganda each year in remittances, through formal and informal channels. Formal channels such as banks and

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Categories: Mobile & Wireless
Companies: MTN Rwanda / MTN Uganda
Countries: Rwanda / Uganda
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