Access Holdings Plc has entered into strategic partnership with Coronation Group, Safaricom Plc and M-PESA Africa with the aim to explore solutions that will provide a remittance corridor between East and West Africa, connecting some of the continent’s largest economies.
The collaboration will see the convergence of Access Holdings’ robust Pan-African banking infrastructure, spanning 14 African countries, with Coronation Group’s comprehensive array of technology-infused financial services offerings in West Africa, coupled with M-PESA and Safaricom.
M-PESA is the continent’s leading mobile money and digital payments service, connecting more than 60 million customers and 5 million businesses across 8 countries and processing more than $1 billion a day in transaction value.
Safaricom is Kenya’s leading telecommunications, ICT and financial services provider with more than 32 million of its customers using M-PESA services every month.
Aigboje Aig-Imoukhuede, Chairman of Access Holdings and Coronation Group, emphasised the ethos of empowerment that forms the foundation of this collaboration.
“We stand at the threshold of an extraordinary journey, one poised to shape the financial landscape of Africa. This partnership encompasses more than a convergence of capabilities; it signifies the fusion of collective expertise, resources, and an unwavering commitment to drive financial inclusion, empowering millions throughout Africa.
“Through collaborative innovation, shared vision, and resolute determination, we are primed to unlock unprecedented opportunities, transform lives, and make an indelible imprint on Africa’s trajectory,” Mr. Aig-Imoukhuede added.
Sharing insights into the transformative potential of the collaboration, Bolaji Agbede, Acting Group Chief Executive Officer of Access Holdings Plc, affirmed, “Our conviction remains steadfast – this collaboration has the power to recalibrate the trajectory of financial services in Africa.
