MVola, a leading fintech company in the country, is launching MVola Fô that will make financial services more accessible to everyone.
Previously, you had to be on a specific mobile network to use MVola’s app. Now, anyone can sign up regardless of their carrier. This is a big step towards financial inclusion, which means giving everyone a chance to access financial products and services.
MVola Fô isn’t just about opening accounts. You can also use the app to send and receive money, buy mobile credit, and make deposits or withdrawals at stores across Madagascar.
This move by MVola aligns with a larger trend in Africa. Fintech companies are offering new financial solutions that are safer and cheaper than ever before. For example, sending money across borders has become much more affordable in recent years.
Experts say these advancements are helping people join the formal economy and improve their financial well-being. MVola has been a leader in financial inclusion in Madagascar since 2010, and MVola Fô is just the latest example of their commitment to making finance accessible to all.
