Kenya’s Fintech company, M-Pesa has announced a partnership with Nigeria’s Access Holding, Coronation Group, and Safaricom to explore remittance solutions between East and West Africa.
This was disclosed in a statement on the M-Pesa’s official X handle where it stated that Access Holding’s pan-African network across 14 African countries and Coronation group’s financial service offerings will be crucial for the success of the partnership.
In the statement, The Partnership intends to focus on key markets, in Nigeria, Ghana, Kenya, and Tanzania as the initial targets.
It stated, “We are excited to announce a groundbreaking partnership between Access Holdings, Coronation Group, Safaricom, and M-PESA Africa that seeks to explore remittance solutions between West and East Africa.
“The partnership brings together Access Holdings Pan-African banking network across 14 countries and Coronation’s financial service offerings across West Africa.
“It will also include Africa’s largest fintech providing mobile money and digital financial services for more than 60 million customers and 5 million businesses across 8 countries.
“In its initial phase, the partnership will concentrate on pivotal markets, including Nigeria, Kenya, Ghana, and Tanzania.
Access Holding’s efforts to have a presence in the major economies and regions of Africa are also underlined by this new partnership.
MPesa will seek to establish a foothold in Africa’s largest economy, Nigeria, and the West African region as a whole, following its success in Kenya and East Africa, where it has struggled to make a mark.
