Unitel Money is Angola’s newest MFS offering

Unitel Money is Angola’s newest MFS offering

Last month, we reported that Angolan operator Unitel was preparing to launch a mobile money offering. Now, Unitel Money has gone live.

Unitel Money is a mobile digital wallet platform which the market-leading operator is launching through its subsidiary Unitel Servicos de Pagamentos Moveis.

Users of Unitel Money will be able to send and receive money as well as make deposits and instant payments. At launch, the service will have a network of around 1000 agents to provide withdrawal and deposit services.

TeleGeography reports that Unitel developed the service in partnership with Huawei. The operator is hoping to accrue five million users within four years – of which three million are expected in the near term.

Despite these lofty goals, Unitel Money has significant competition in the market, with established services e-Kwanza and MCX Express offered respectively by BAI Bank and EMIS. Additionally, Kwattel is conducting a pilot launch of its new AkiPaga platform this month.  

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