Africell, Beyonic strike deal on mobile money transfers
Telecommunications company Africell Uganda has inked a deal with Beyonic, a digital platform that allows businesses and big institutions to collect bulk funds and make payments.
The development means companies that work with Beyonic can now accept funds from Africell money.
Africell joins a list of three other telecom companies – MTN, Safaricom, and Airtel that have been facilitating the transfer of funds in partnership with Beyonic.
If you are a user of SafeBoda, you must be familiar with this platform already; it always pops up when you’re transferring money from your mobile money wallet to the SafeBoda customized wallet.
In a statement announcing the development, Beyonic said it was “already” supporting “bulk payments to Africell Uganda subscribers, and now we are pleased to announce that we also support collections from Africell Uganda subscribers!”
The statement added: “You can now collect funds from Africell Uganda mobile numbers via the Beyonic portal or the Beyonic API.”
How the process works
When you initiate a collection, the mobile subscriber will receive a notification from Africell Uganda requesting them to confirm the collection by entering their mobile account PIN number.
Once confirmed, the funds will be withdrawn from their account and credited to your organization account.