Neobank Be Mobile Africa Launches In South Africa To Serve The Unbanked And Underbanked
Neobank Be Mobile Africa Launches In South Africa To Serve The Unbanked And Underbanked. Be Mobile Africa has announced that it has officially launched in South Africa. The company aims to make banking much more accessible to the unbanked and underbanked in South Africa and offers low to no-fee banking products through its app.
“We are incredibly excited to be launching our services in South Africa. This is an important market for us and we believe there is great potential for growth.” CEO & co-founder Dr. Cédric Jeannot said in statement. Be Mobile Africa is a neobank that provides affordable banking services to individuals across 30 countries in Africa. In March 2022, Be Mobile Africa was the subject of a Harvard Business School case study.
According to a statement, opening a Be Mobile Africa account, customers can hold, send and receive funds in multiple currencies including USD and EUR, send money abroad in seconds and earn 5% interest per annum in USD and EUR with Be Mobile Africa’s savings offering. Added to this, customers can transfer and request money instantly and at no cost from anyone in the Be Mobile Africa network and exchange currencies with low FX fees.
Be Mobile Africa aims to provide innovative, all-in-one money app, that will be helping the unbanked and underbanked in South Africa to access banking services at a fraction of the cost. Through its mobile app, customers can make payments easily and securely, instantly send or receive cross-border payments in multiple currencies and save – all without a bank account.
