“Using user’s mobile phones, Afrimoney will be able to transact digitally with other individuals and companies on the network, gaining the capability to transfer, spend and earn immediately.”

Africell announced that the company is launching its mobile financial services in Angola. 

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Supported by the newest mobile network operator in Angola, the Afrimoney mobile money platform will offer significant financial tools to a number of approx 50% of Angolans who don’t own bank accounts. 

Using users’ mobile phones, Afrimoney will be able to transact digitally with other individuals and companies on the network, gaining the capability to transfer, spend and earn immediately.

Ziad Dalloul, CEO, President, and Founder of Africell Group, said, “Africell came to Angola with a mandate to change its telecoms sector. Launching Afrimoney is a critical step in this strategy. Our network is designed to help customers be better connected, live more efficiently, and access a wide range of digital services. Mobile money has the potential to link everything together, and we expect it to have a huge impact on our business and Angola’s economy”.

Africell brought its mobile network services to Angola in April 2022 and launched Afrimoney in 2023.

Africell is the only US-owned network operator in Africa backed by the U.S. government as its biggest external investor. The Angola government calls the lunch of Afromoney a huge success, which is pursuing a long-term economic strategy focused on technology and digital services.

Kátia Da Conceição, Director of Afrimoney Angola said, “Mobile money is highly beneficial to those who rely on cash in their daily activities”, she says. “These are often people in low-income or marginalized communities. Reliance on cash causes problems. Afrimoney is harnessing growing mobile penetration in Angola to offer users a simple, safe, and accessible alternative, accessed through mobile phones”.

Africell Angola will welcome new Afrimoney customers with free person-to-person transactions and a 100% bonus on all mobile recharges paid for with mobile money.