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Ripple Partner MFS Africa to Facilitate Outward Remittance to 130 Financial Institutions

Ripple partner MFS Africa has collaborated with Access Bank to expand the bank's AccessAfrica remittance corridor. The partnership will provide real-time, cost-effective cross-border payments for businesses and individuals seeking to transfer funds abroad. Additionally, AccessAfrica customers can receive payments from various parts of the world via MFS Africa partners. The partnership will expand the reach of Access' instant outbound remittance to 130 African-based financial institutions and more than 400 million mobile wallets. MFS Africa has partnered with Ripple to leverage the blockchain company's On-Demand Liquidity (ODL) solution to facilitate cross-border payments in more than 35 African nations, and is expected to use this solution to enhance the partnership with Access Bank.

(By LELE JIMA)

Ripple
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