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Friday, January 27, 2023

Afrimoney Acclaimed for Credibility

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Afrimoney Acclaimed for Credibility


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Afrimoney has made an incredible stride within the space since it started operations in Sierra Leone in 2016. Afrimoney was established as an answer to the clarion call made by the government, for us to develop a mobile platform that could disburse funds to Ebola victims and survivors as quickly as possible during the Ebola crisis,” Head of Afrimoney in Sierra Leone, Massa Mayson Dennis told newsmen.

She said as a Company, they are very passionate about financial inclusion in driving government’s agenda to ensure people have access to financial services thereby improving the economy.

She disclosed that a recent report commissioned by the Bank of Sierra Leone states that only 20% of people in the country have access to financial services.

“With Afrimoney, we intend to partner with all stakeholders within the space to drive and deepen financial inclusion by creating access to financial services through our robust agents’ network,” she emphasized.

Madam Dennis said they have also made considerable investment into driving education and adoption into the use of digital financial services that has the power to operate in most vulnerable communities.

She disclosed that they have recently made a huge investment in a new platform by deploying an advanced mobile money platform in 2020 that has the functionality to launch more advanced services such as remittances, savings and lending, banking services among others.

On the relationship between them and the Bank of Sierra Leone, Madam Dennis described it as cordial and effective.

She said: “In order for financial inclusion to have any meaningful input, there has to be a good financial regulation. The Bank of Sierra Leone continues to be a partner with Afrimoney and other stakeholders in the financial sector to ensure regulatory service environment to ensure conducive expansion, growth and innovation,” Madam Dennis said.

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