In partnership with the National Bank of Angola (BNA), the pan-African mobile network operator Africell has started its “Afrimoney” mobile money service in Angola.
This move comes after a pilot phase, and Africell thinks that the new platform will “digitize” the country’s informal economy and “unlock” the unbanked people, which will help the country’s economy grow.
The Afrimoney platform offers deposits, mobile recharge, deposits, person-to-person transfers, bill payments, and merchant payments. It also plans to add financial services like credit, savings, and insurance.
The platform’s primary objective is to provide useful financial instruments to almost half of Angolans who do not currently have bank accounts. Due to this development, people connected to the network will be able to engage in digital commerce with one another. People in the Democratic Republic of Congo, Gambia, and Sierra Leone can use the Afrimoney app.
As a welcome deal, the company gives new customers free person-to-person transactions and 100% bonuses on all mobile recharges paid for with mobile money.
Ziad Dalloul, CEO of Africell Group, sees the launch of Afrimoney as a key part of the company’s plan to help customers live more smoothly, stay better connected, and access a wide range of digital services, all of which are tied together by mobile money.