How businesses can empower SMEs in South Africa(VB)

In a nation beset by unemployment, it is vital to provide new work opportunities. Experts warn South Africa’s collective future will remain unknown unless people work together to address the problem – and the significance of entrepreneurship and SMEs to the country’s economic success cannot be overstated. 

Dare Okoudjou, founder and CEO of MFS Africa, believes that when it comes to Africa and financial empowerment, we must recognise that customers have the same wants and demands as consumers everywhere else in the globe. “For us at MFS Africa, that means connecting mobile money to the rest of the world. Card networks very much appear to be the best way of doing so. It’s something that we’ve been working on for some time too. “In 2019, for example, we concluded an agreement with Visa to connect our MFS Africa HUB to the Visa Network to enable card issuing at scale. It was a slow burn, but with the recent acquisition of GPT, we’re in a prime position to accelerate interoperability,” says Okoudjou. Click here to read full article