Ep610: Solving the problem of interoperability for Africa’s mobile money crossborder payments

Nika Naghavi, Group Head of Growth, MFS AfricaMobile money is popular in Africa – the number of mobile money accounts rose to 1.6 billion in 2022. but the missing piece of the puzzle used to be the lack of interoperability – payments could be made within national borders but not on a crossborder basis. MFS Africa is the continent’s largest digital payments network. The firm is working to make payments borderless for individuals, SMEs and larger enterprises. Robin Amlôt of IBS Intelligence spoke to Nika Naghavi, Group Head of Growth, MFS Africa, at Money 20/20.