The grand fintech consolidation in MFS Africa’s acquisition of Beyonic

In a deal that broadens cross-border financial services within and beyond Africa, MFS Africa, a mobile payments hub connecting banks, money transfer and telecom network operators, has acquired Beyonic, a Uganda-based digital payments company.

It is a 100% acquisition paid for in cash and shares. The company will be called MFS Africa but Beyonic’s core product retains its name.

A…

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