Absa Bank Mozambique and M-Pesa partner for digital payments

Absa Bank Mozambique and M-Pesa have formalized a Memorandum of Understanding to enhance digital payment solutions and business management tools. The partnership aims to streamline financial services for clients, particularly merchants.

A key outcome of this collaboration is the integration of the ‘Paga Fácil’ service with Absa accounts. This allows merchants to transfer funds received through the service directly to their bank accounts quickly and securely, facilitating easier cash flow management and reconciliation.